The House of Representatives gave final approval on Friday October 3 to the $700 billion bailout for the financial system, reversing course to authorize what may be the most expensive government intervention in history. BY DAVID M. HERSZENHORN, The New York...
BY HOWARD ZINN The Guardian UK/Truthout INTERNATIONAL Posted by Bulatlat This current financial crisis is a major way-station on the way to the collapse of the American empire. The first important sign was 9/11, with the most heavily-armed nation in the world shown...
"If a bailout is needed, if taxpayer money must be placed at risk, if we are going to bail out Wall Street, it should be those people who have caused the problem, those people who have benefited from President Bush's tax breaks for millionaires and billionaires,...
Fevered rhetoric aside, in practice the cold war was a tacit compact in which each of the contestants was largely free to resort to violence and subversion to control its own domains: for Russia, its Eastern neighbors; for the global superpower, most of the world....
During its peak years, financial investment houses and banks reap profits at the expense of the “real economy” and the people. When they experience losses, history shows that it is the people, through their taxes, who carry the burden of rescuing them with the...
Having produced only disastrous results, economic management can no longer be left in the hands of an elite corps of bureaucrats and technocrats who ape lock, stock and barrel models purposely to make corporate profits bigger at the expense of workers, farmers, and...
A fact-finding mission led by a group of overseas Filipino workers found out that the Philippine-Malaysia Working Group on Migrant Workers is not at all working. BY BULATLAT MIGRANT WATCH A fact-finding mission led by a group of overseas Filipino workers found out...
BY BULATLAT An organization of US-based Filipino activists has criticized the passage, by the Democrat-led US House of Representatives, of House Bill No. 6897 or the Filipino Veterans Equity Act of 2008. The bill, which was passed today by a 329-23 vote, provides...
Lampas-lampasan ang indie cinema sa indictment kay Arroyo at sa naghaharing uri at sistema sa bansa. Hindi man ito binabanggit o direktang may referensya sa pelikula, ito, tulad sa panahon ng diktaduryang Marcos, ang organizing signifier sa klase ng pagpapahirap at...
A former presidential adviser under the Ramos administration and senior fellow of the US Institute of Peace expressed concern over the involvement of US troops in the war in Mindanao saying that the Philippines should not even be part of the US so-called “war on terror”.
Contrary to government officials’ claim that the current U.S. financial crisis has little impact on the Philippine economy, independent think-tank IBON Foundation deems otherwise.
Grabbing a hot steaming siopao and siomai at Kowloon for a quick take home meal has become a habit for hungry souls who are still awake during the wee hours of the morning. But those preparing our favorite siopao or siomai are not inside the all-too-familiar kiosk...
“He loved so much his work as a journalist. He could not imagine himself doing any other job. One can say he died doing what he loved the most.” This was how Gloria Cuesta described her husband, Dennis Cuesta, the Radio Mindanao Network (RMN) broadcaster who was...
Last Sept. 12 marked the 10th year since the political prisoners known as the “Cuban Five” – Gerardo Hernandez, Antonio Guerrero, Ramon Labañino, Fernando Gonzales, and Rene Gonzales were arrested and detained in Miami, Florida. BY ALEXANDER MARTIN REMOLLINO...
The very philosophy of the acquisition of wealth of capitalism is becoming a bane to the majority world people who are seeking deeper and deeper into poverty because of the desperate resuscitation of dying capitalism by their governments. For indeed the sufferings...
The US government is on the verge of making an unprecedented financial commitment, likely to cost $700 billion, to buy the bad securities held by large US and foreign financial institutions. Having driven our economy to the edge of financial destruction, the Lords...
Al Jazeera speaks to Howard Zinn, the author, American historian, social critic and activist, about how the Iraq war damaged attitudes towards the US and why the US "empire" is close to collapse. BY ALJAZEERA.NET Posted by Bulatlat Q: Where is the United States...
Whatever happens with oil speculation, the big oil companies are always at the winning end. As oil prices go up, so do the profits of oil companies. How then can they claim for under-recoveries? BY BENJIE OLIVEROS ANALYSIS Bulatlat After going down steadily after...
BY THE COLLEGE EDITORS GUILD OF THE PHILIPPINES DEMOCRATIC SPACE Posted by Bulatlat The College Editors Guild of the Philippines, in behalf of its National Office, regional formations and chapters, all member publications and affiliate organizations nationwide and...
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