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By Satur C. Ocampo At Ground Level | The Philippine Star Under the presidency of Luis Inacio “Lula” da Silva of the Workers Party, Brazil’s economy grew phenomenally, with vast well-developed agriculture, mining, manufacturing, and service sectors topping all South...
By ZACH CARTER Alternet International Posted by Bulatlat.com The Nobel Prize-winning economist argues the banking industry "failed in their core societal function," helping lead to the great economic crash of '08. Zach Carter: How did we get here? Joseph Stiglitz:...
Workers hold a picket on Wednesday to call attention to the growing number of those who lost their jobs and livelihood due to the global financial crisis. The workers, who marched to the labor department in Intramuros and later to Mendiola, are members of a...
The employees at Triumph International who are about to lose their jobs are wringing their hands over what awaits them in these difficult times. They are likewise upset that the labor department, instead of helping them, has been assisting the German company in its machinations to get rid of its workers.
The declines in the stock market and values of currencies may aptly be described as a bursting of the bubble because it reveals a lot of things: the real state of the world economy and the dominance of international mobile capital; the fundamental weakness and...
The US$50-trillion loss of financial assets of the world’s economies is but a reflection of the decaying state of capitalism, economist Jose Enrique Africa of the independent think-tank IBON Foundation, Inc. said in reaction to a March 2009 study released by the...
While the poor try everything from skipping meals to walking hours to the workplace just to cope with the economic crisis, all the government does is to distribute dole outs. BY THE CENTER FOR TRADE UNION AND HUMAN RIGHTS Posted by Bulatlat.com Vol. VIII, No. 27,...
Through the reintegration program of the Overseas Workers Welfare Administration (OWWA), a National Livelihood Support Fund was launched to “assist” overseas Filipino workers (OFWs) who were retrenched due to the global financial crisis. But retrenched OFWs have to...
Once upon a time you could rely on pharma when all else failed for a decent starting job -- even if you did have to live in New Jersey. Not anymore. Pharma is melting down like Wall Street--and for the same reasons. BY MARTHA ROSENBERG Counterpunch INTERNATIONAL...
A global alliance of overseas Filipino workers (OFWs) branded the Arroyo administration's economic resiliency plan for OFWs as a grand hoax. BY ANGIE DE LARA AND RONALYN OLEA MIGRANT WATCH Bulatlat Evanessa Valmadrid is one of the retrenched OFWs from Taiwan who...
BY ALEXANDER MARTIN REMOLLINO Bulatlat Retrenched workers and those in danger of being retrenched, as well as long-time contractual workers gathered today at the Bantayog ng mga Bayani in Quezon City to launch an association that, they say, would defend their...
BY ALEXANDER MARTIN REMOLLINO Bulatlat Members of the groups Kilusan ng Manggagawang Kababaihan (KMK or Movement of Women Workers and GABRIELA staged a protest action against retrenchments this afternoon at the Boy Scouts' Circle along Tomas Morato Avenue in Quezon...
It is amazing to see sums now running into the trillions being allocated almost entirely to substantial market players, many of whom were heavily involved in producing the financial debacle we are now suffering. The priorities of the U.S. establishment, including...
As government fails to resolve its fiscal crisis in 2008 and faces a severe deficit problem, the prospect of more burdensome taxes and shrunken social services looms in 2009. BY IBON FOUNDATION Posted by(Bulatlat.com) As government fails to resolve its fiscal...
BY BULATLAT The Bagong Alyansang Makabayan (Bayan-New Patriotic Alliance) slammed the Arroyo administration’s ‘beggar mentality.’ The group was referring to the announcement of Mrs. Gloria Macapagal-Arroyo that the World Bank pledged $10 billion to a standby...
The bankruptcies of five global financial services firms based in the US are not yet the worst that could happen. There is yet no end in sight to the current convulsion of the crisis in the US. If things do not bode well for the US, more so for the Philippines....
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