Posts Tagged ‘economic crisis’
(Gold platted) Brass Neck
From The Financial Times 9/09/09;
“Seventy-two City bankers are suing Dresdner Kleinwort and Commerzbank for £29 million of unpaid bonuses in the biggest case of its kind in the UK.
The lawsuit, filed yesterday in the High Court, is the latest sign that bankers are ready to fight for their pay packets in spite of public [...]
Filed under: economics, politics | 1 Comment
Tags: bankers, banking, bonuses, commerzbank, economic crisis, economics, finance, financial sector, lawsuit, politics, The city
Working More For Less
An interesting Rick Wolff article concerning the increased rate of exploitation of US workers, as highlighted over at Lenin’s Tomb;
“The first set of numbers came from the US Department of Labor’s Bureau of Labor Statistics. They showed some remarkable facts about (1) US workers’ productivity — the physical quantity of goods and services produced per employed [...]
Filed under: economics, politics | Leave a Comment
Tags: capitalism, crisis, economic crisis, exploitation, productivity, recession, United States, workers, working hours
Back to business as usual
The collapse of the US financial sector never happened. Seriously;
“The financial giant JPMorgan Chase has announced second quarter profits of over $2.7 billion. The company repaid $25 billion in TARP aid last month but continues to rely on other federal help through the Federal Deposit Insurance Corporation and the Federal Reserve. JPMorgan is the second [...]
Filed under: news, politics | Leave a Comment
Tags: banks, capitalism, crisis, economic crisis, jp morgan chase, news, politics, recession
Va Va BOOM
Reading this warmed my cynical cockles this morning;
“Workers at collapsed French car parts maker New Fabris threatened on Sunday to blow up their factory if they did not receive payouts by July 31 from auto groups Renault and Peugeot to compensate for their lost jobs.
New Fabris was declared in liquidation in April, so the workers [...]
Filed under: news, politics | Leave a Comment
Tags: economic crisis, france, news, peugeot citroen, politics, recession, renault, strike, workers militancy, working class
Papal hypocrisy
Man with giant Gold staff and luxurious abode pours scorn on the non-Divine’s greed and selfishness;
The Pope is set to blame greed and selfishness for the global financial crisis, in his latest encyclical letter – the highest form of papal teaching.
He has a valid point, but sadly, he’s not the person to make it. People [...]
Filed under: news, politics, religion | 3 Comments
Tags: catholicism, economic crisis, economy, greed, hypocrisy, news, selfishness, the pope
“The economy and financial markets have stabilized in recent weeks, but Fed officials want more evidence a recovery is for real. The economy is on track to contract at about a 1% annual rate in the second quarter, according to forecasters Macroeconomic Advisers. That would be the fourth straight quarterly contraction, a stretch of decline [...]
Filed under: economics, news, politics | 2 Comments
Tags: bankers, bonus, bonuses, economic crisis, economy, finance, financial crisis, government, news, politics, RBS, The city
Economic ‘Recovery’
Filed under: Fun, humor, news, politics | 6 Comments
Tags: capitalism, economic crisis, Obama, politics, recession, recovery
How capitalism works
The US government hands Chrysler $4 billion worth of taxpayer money in the form of a loan to keep the organisation afloat…
…The Obama administration directs Chrysler to close 1,100 dealerships, putting up to 100,000 jobs at risk.
Filed under: economics, news, politics | 14 Comments
Tags: auto bailout, capitalism, cars, chrysler, chrysler dealers, economic crisis, jobs, Obama, obama administration, unemployment
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