San José, CA -Mientras que se amontonan los cesos y las ciudades reportan cada vez mas hambrientes y desamparados, Wall Street espera que la economía sea muy positiva en 2002. Esto ha producido el resultado de que los precios de las acciones en la bolsa de valores han ido subiendo desde el fin de Septiembre. Wall Street espera que los once recortes de intereses impuestos por el Banco Federal de Reserva produzcan una recuperación de ganancias, con la ayuda de los recortes de impuestos para las corporaciones y los ricos que los Republicanos Congreso pretenden otorgar.
English only in the schools is used as a vehicle to maintain the oppression of different nations. This weapon has been used across history by conquerors and destroyers of discovered nations. It replaces one language with another, to wipe out the means of communication and learning. For example, it is known that the Spanish destroyed the people they found, replacing the indigenous languages with Spanish.
An upsurge of armed resistance to the U.S. occupation has swept across Iraq over the past six weeks. Most of the fighting was initially concentrated in the southern port city of Basra, and then in the densely populated Sadr City, an impoverished suburb of the capitol Baghdad. The fighting in Basra and Sadr City is significant in that it represents a decisive rejection by the masses of Iraqi Shiites of the occupation government’s ‘political process.’
Editors note: The Palestinian resistance has forced an Israeli withdrawal from Gaza. Fight Back News Service is circulating the following article by Emily Gharabally, which analyzes the limited nature of the Israeli pullout and the role of settlers in occupied Palestine.
With the help of bombs and mercenaries from the Northern Alliance, U.S. and British forces have occupied the main cities of Afghanistan. Washington convened a meeting in Europe where a strange collection of Afghan warlords, monarchists, and political has-beens were anointed as the new government. They were put in airplanes and sent to Kabul where they had to explain how the “careful” American pilots bombed a convoy of their supporters who on the way to their inauguration.
San José, CA – The United States is now in its longest recession since the Great Depression of the 1930s. At the end of April, the recession that officially began in December of 2007 reached 17 months in length, passing the deep 1981-82 and 1974-75 recessions. The economy has lost almost 6 million jobs, or 4.1% of total jobs at the beginning of the recession, the worst downturn since the recession of 1948. Unemployment in the African American community hit a depression-level 15% in April, while unemployment for Asian Americans has risen the fastest, more than doubling over the last year.
San José, CA – On Friday, April 10, the U.S. Department of the Treasury reported that the federal government budget deficit for the first six months of Fiscal Year 2009 (which runs from October to September) was $957 billion. This was more than three times as large as the deficit was at the same time last year and is on track to a record $1.8 trillion ($1800 billion) deficit as projected by the Congressional Budget Office. This is the largest federal government budget deficit relative to the size of the economy since 1944 at the height of World War II.
San José, CA – On April 3 the monthly jobs report by the Department of Labor showed that the official unemployment rate jumped from 8.1% in February to 8.5% in March, while the economy lost another 663,000 jobs. In addition, the number of jobs lost in January was increased by 90,000, to 741,000, which was the worst one-month job loss in 60 years. So far the economy has lost 5.1 million jobs since the recession began, making this the worst recession in terms of jobs lost in more than 50 years.
San Jose, CA – On Monday, March 30, President Obama took a tough line with General Motors and Chrysler, which had asked for billions more in aid from the government. GM CEO Wagner was forced to resign, and GM has 60 days to submit a new business plan with more cost cutting. Chrysler was given 30 days to sell a stake to Italy’s Fiat. Otherwise, said Obama, the car companies will go into bankruptcy. To help the companies through this restructuring, the government will be guaranteeing car warrantees and payments to parts suppliers.
