glazed

Paris on Strike, London to Riot

By James Mackenzie, Reuters
As many as three million people took to the streets across France on Thursday to protest against President Nicolas Sarkozy’s handling of the economic crisis and demand more help for struggling workers.
The protests, which polls show are backed by three quarters of the French public, reflect growing disillusion with Sarkozy’s pledges of [...]

AIG Chief Faces Pink Anger on Capitol Hill

Edward Liddy, AIG chief exec, was confronted by Pink Code women protesters as he arrived to testify in Washington amid public fury over the large bonuses paid to him and other top managers of the insurance company after it was rescued with $170 billion of taxpayers’ money.
“Give our money back, you greedy bastard!”

Bank Activist Arrested in Barcelona

17 March 2009
Enric Duran aka Robin Bank presented a new publication on the crisis entitled “We can live without capitalism” and then was arrested in Barcelona. Enric Duran is the Catalan activist that in September made public an action of bank disobedience. “I have ‘robbed’ 492,000 euros from those who rob us blind, in order [...]

Neoliberalism Dug its Grave

SEEDS OF ITS OWN DESTRUCTION
By Martin Wolf
Published: March 8 2009

Another ideological god has failed. The assumptions that ruled policy and politics over three decades suddenly look as outdated as revolutionary socialism.
“The nine most terrifying words in the English language are: ‘I’m from the government and I’m here to help.’” Thus quipped Ronald Reagan, hero of [...]

Financial Fools Day: Let’s Make the Fools Pay!

G20 Meltdown,  April 1st 2009
http://www.g-20meltdown.org
Come to London’s biggest ever street party!
On Financial Fools Day, The City of London will form the backdrop for the biggest mobilisation of the people since more than a million marched against the illegal invasion and occupation of Iraq. Thousands and tens of thousands
are expected to take to the streets to [...]

Eastern Mess

VARIABLE VULNERABILITY
By Stefan Wagstyl, February 25 2009
This should have been a year of celebration in central and eastern Europe. It is 20 years since the Berlin Wall fell, the 10th anniversary of Nato’s eastward expansion and five years after the European Union began its enlargement into the region: from the Baltic to the Black Sea, [...]

The Meltdown Explained (in Comics!)

Jobs with Justice and the Institute for Policy Studies put the Economic Meltdown Explained with solid social democratic solutions.  If only we can could get a radical version from Phoebe Glockner.  Or Alan Moore and Alex Ross. Our two favorite jokes:

“How many stockbrokers does it take to change a lightbulb?
Two. One to remove the lightbulb [...]

MayDay, MayDay, the Great Recession Deepens!

Japan down 12.7%  minus one less drunk minister (Nakagawa), Germany -8.5%, Italy -7%, eurozone and sterlingzone both down 5.9%, France almost minus five, Obamerica -3.8%
This was annualization for 009 of last quarter of 008. but the Great Recession is gathering momentum and will end up be even worse than that. Germany and Italy will be [...]

Roubini pulls out a bazooka…

Nationalize the Banks! We’re all Swedes Now
By Matthew Richardson and Nouriel Roubini
Sunday, February 15, 2009
The U.S. banking system is close to being insolvent, and unless we want to become like Japan in the 1990s — or the United States in the 1930s — the only way to save it is to nationalize it.
As free-market economists [...]