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Tuesday, February 09 2010 @ 06:36 PM UTC

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An Anarchist's Strategy To Dismiss Every Foreclosure In Florida

Economy Crumbles

Across the country, circuit court judges and their staff are becoming overwhelmed and frustrated by the total avalanche of foreclosure cases that have been dumped in their courtrooms. In Pinellas County, Circuit Court judges who used to handle like 400 foreclosure cases are now handling something like 3,000.These judges still have one judicial assistant and the same limited resources the had before the crisis. When the judge’s loan JA sits down to start the day, they are bombarded with phone calls and mail and people in their face every single second….it’s chaos, its a burden and it is completely untenable for the long run.

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Vermont AFL-CIO to Articulate Labor's Plan on Meeting the Economic Crisis in Vermont

Economy Crumbles

Montpelier, Vermont - The Green Mountain Labor Council of the Vermont AFL-CIO, representing workers throughout Washington, Lamoille, and Orange counties, is holding a forum seeking to articulate the needs and demands of working class Vermonters in relation to the current job crisis. The forum, which is endorsed by the Vermont Workers’ Center and the Peace and Justice Center, will take place in Montpelier in the Hayes Room of the Kellogg-Hubbard Library between 6:15-8:00 PM on Tuesday, January 26th, 2010.

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There Are No Tea-baggers in Soup Lines

Economy Crumbles

Small numbers of auto workers gathered to say government should use its role in the auto bailout to direct the factories toward job-creating green products such as high-speed trains and wind turbines—and should enact Medicare for All.

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Homeowner Spraypaints "Help!" "Foreclosure!" Onto House

Economy Crumbles

A distressed homeowner in San Antonio, Texas, (are there any anarchist there who can help?) spray-painted "Help!" and "Foreclosure!"on the side of her home when she learned she might lose it, reports Janet Kwak for WOAI-TV. Mary Ann Herrera has been unable to make payments since losing her administrative assistant job in March.

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Thousands of Palestinians may lose jobs in Dubai crash

Economy Crumbles

Thousands of Palestinian workers in Dubai may lose their jobs due to the financial crisis there, economists project.

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How the middle class are shoplifting to keep up appearances

Economy Crumbles

Middle-class shoppers who have been hit by the recession are stealing hundreds of millions of pounds of expensive food in an effort to maintain their high standard of living, according to a new survey.

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How Goldman secretly bet on the U.S. housing crash

Economy Crumbles

WASHINGTON — In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.

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Death of 'Soul of Capitalism:' Bogle, Faber, Moore

Economy Crumbles

Jack Bogle published "The Battle for the Soul of Capitalism" four years ago. The battle's over. The sequel should be titled: "Capitalism Died a Lost Soul." Worse, we've lost "America's Soul." And worldwide the consequences will be catastrophic.

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Mortgage Strike Planned in Iceland To Protest Economic Crisis

Economy CrumblesIceland is expecting a wave of public anger over the dire state of the economy. Stephen Beard reports thousands of mortgage holders are likely to join a national repayment strike as the currency is devalued and the IMF tries to impose structural adjustment policies, something usually reserved for third world nations.
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Global Occupations On the Rise

Economy CrumblesIn most countries, political leaders and bosses are using the global economic crisis to once again unleash an attack on workers and the poor. As part of this, we have seen corporations around the world trying to make workers pay for the crisis by retrenching tens of millions of people. In the most extreme cases, workers arrive at their companies in the morning and are told they no longer have a job. With all these retrenchments, corporations are not just taking away jobs but they are also attacking people's dignity.