Archives for April 2009
Civil Engineers Give American Infrastructure a “D”
Published 30 Apr 2009 at 9:07 am.
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In monitoring the state of American Infrastructure, the American Society of Civil Engineers have assigned an overall grade of D to our crumbling highways, levees, and waterworks. The latest report by the ASCE paints a dismal picture: since it’s last report card in 2005, US infrastructure has actually worsened, particularly in the areas of aviation, public transit, …
Conservatives Hit Obama With Accusations of Socialism
Published 30 Apr 2009 at 9:06 am.
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President Obama has come under increasing criticism from conservatives for some of his economic policies. Reminiscent of the campaign-era rhetoric from the right, Obama is accused of being a socialist from Newt Gingrich to Rush Limbaugh, and a good portion of the right-wing blogosphere. One blogger warned: “Personal freedom, individual liberties and self-determination are evaporating as …
Amid Soaring College Tuition, Obama Budget Promises Relief
Published 30 Apr 2009 at 9:05 am.
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With the crashing economy making life difficult for many Americans, college students in particular are finding fewer ways to make ends meet. Tuition has risen dramatically over the past decade: in California, the average college tuition rose 37% between 2000-2007, and in 2008, it rose a whopping 9%. Obviously wages haven’t kept up with this dramatic increase. But …
Mumia Abu Jamal: “Money Changers in the Temple”
Published 30 Apr 2009 at 9:04 am.
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Mumia Abu Jamal is an award winning journalist and political prisoner. Today’s commentary is called Money Changers in the Temple.
Listen to Mumia’s audio commentaries at www.prisonradio.org.
The Truth Behind Cheap Gas
Published 29 Apr 2009 at 9:07 am.
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Oil prices have fallen to $37 a barrel today, dropping 27 percent since last week. The low prices reflected at the pump are a welcome relief to car drivers across the country but few are paying attention to the global and domestic implications of those prices. According to author Michael T. Klare, …
Women and the Economy
Published 29 Apr 2009 at 9:06 am.
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On March 8, 1857, hundreds of New York based women working in garment and textile factories staged a strike protesting low wages, long working hours, inadequate pay, inhumane working conditions and the lack of voting rights. It was an historic event that laid the foundation for International Women’s Day, a yearly commemoration of the …
Chris Hedges: It’s Not Going to Be Okay
Published 29 Apr 2009 at 9:05 am.
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The Labor Department announced an unexpected jump in first-time claims for jobless benefits at the end of January. Initial unemployment claims increased by 35,000, the highest level in 26 years. The total number of people collecting jobless benefits has climbed to a record 4.79 million. According to veteran journalist and frequent Uprising guest, Chris …
AIG Bonuses Expose Long-Standing Systemic Problem of Corporate Excess
Published 28 Apr 2009 at 9:07 am.
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Edward Liddy, the embattled CEO of AIG is testifying at a House Financial Services subcommittee hearing this morning. Members of Congress and the Obama Administration are falling over themselves this week to denounce the $165 million in bonuses for top executives at AIG. The corporation in question received $170 billion in bailout funds last year …
Obama Demands More of Auto Industry Than Banks
Published 28 Apr 2009 at 9:06 am.
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In speaking to reporters yesterday at the White House, President Barack Obama announced the need for immediate restructuring to save the American auto industry. The President’s statements came a day after he asked General Motors Chief Executive Officer Rick Wagoner to resign. After the auto corporation led by Wagoner failed to submit adequate restructuring plans …
“Media Matters” Monitors Financial News
Published 28 Apr 2009 at 9:05 am.
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U.S. Treasury Secretary Timothy Geithner announced yesterday a new one trillion dollar plan to purchase toxic assets from failing banks. According to Geithner, the newest bailout is designed to generate investment; however, Nobel Prize winning economist and New York Times columnist Paul Krugman sharply criticized the plan saying that it will be ineffectual. President …
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