Category: International

On December 5, 2008, over 200 recently fired workers at the Republic Window and Doors factory in Chicago occupied their plant, demanding they be paid their vacation and severance checks. The occupation ended victoriously six days later when the Bank of America and other lenders to Republic agreed to pay the workers the approximately $2…

What is most insidious about the credit agency warnings is the “fallacy of composition” follies it provokes. If collectively countries and investors follow their advice and governments – especially in the largest countries – fail to engage in large enough fiscal expansions – then the prospects for widespread payment problems of sovereign debt surely will…

International observers have denounced recent activities of the U.S. Agency for International Development (USAID) and the National Endowment for Democracy (NED) as designed to overthrow democratically elected presidents Evo Morales of Bolivia and Hugo Chavez of Venezuela. A similar strategy is underway to undermine the electoral process in El Salvador by striking fear and confusion…

Israeli ground troops and tanks cut swaths through the Gaza Strip early Sunday, cutting the coastal territory into two and surrounding its biggest city as the new phase of a devastating offensive against Hamas militants gained momentum. The military used overwhelming firepower from tanks, artillery and aircraft to protect the advancing soldiers, and Gaza officials…