World-News

Mark Provost, Truthout: "For the past two years, American workers submitted to the president's appeal - taking steep paycuts despite hectic productivity growth. By contrast, corporate executives have extracted record profits by sabotaging the recovery on every front - eliminating employees, repressing wages, withholding investment and shirking federal taxes.... The global recession increased unemployment in every country, but the American experience is unparalleled.... Washington's embrace of labor market flexibility ensured companies encountered little resistance when they launched their brutal recovery plans. Leading into the recession, the US had the weakest worker protections against individual and collective dismissals in the world."

http://www.truth-out.org/will-our-economy-ever-recover-from-greatest-recovery66628

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The monkey trap

Fred on Everything
by Fred Reed

01/12/11

We can pretend that the current recession is temporary, and not a manifestation of dying opulence, just as a fading beauty can pile on the make-up and hope that men don?t notice. We can spend while others grow, buy their goods on credit ? for a little while longer. The monkey can?t let go...

http://www.fredoneverything.net/MonkeyTrap.shtml


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recession
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recovery
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=American+worker
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Mark+Provost
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/reed
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