Of rats and sinking ships

Well, what do you know? Northern Rock, the first British lender to go completely pear-shaped and take a massive bail-out from the taxpayer, continued to make 'risky' loans after it was bailed out.

Overcome the economic crisis through wage increase and job creation

This year’s labor Spring Struggle is nearing its climax as Japan’s major corporations, including automobile and electronics makers, will respond to labor’s demand for a wage increase.

World Baseball Classic heats up

Baseball fans around the world are tuning into the 2009 World Baseball Classic, which holds its final championship game on March 23. Who will it be?

Israeli soldiers expose atrocities in Gaza

JERUSALEM, Mar 19 (IPS) - Based on testimony from Israeli soldiers who took part in the recent war in Gaza, Israel is being confronted directly with the serious charge that permissive rules of engagement allowed for the killing of Palestinian civilians and widespread destruction of Palestinian property.

Zimbabwe cuts budget to make way for pro-business reforms

Zimbabwe's new finance minister slashed the country's 2009 budget and announced a raft of pro-big business reforms after talks with the International Monetary Fund.

General strike in France to protest economic crisis

On 19 March 2009 millions of French workers led by the Confederation Generale du Travail (CGT) went on strike to protest President Nicholas Sarkozy's handling of the global financial crisis in France.

Egypt reopens border with Gaza for two days

Cairo, Mar 18 (Prensa Latina) Egypt reopened its Rafah border with the Hamas-ruled Gaza Strip on Wednesday for two days to enable students and the sick to move in and out, and Jordan sent 227 tons of humanitarian aid to Gaza Strip through the West Bank.

France: From one general strike to the next

The Grenoble area, at the center of the old province of Dauphiné, is up in arms in preparation for the general strike called on March 19th by all trade unions, and on an ambitious platform. As the region is hit by factory closures, re-structuring, and temporary lay-offs, the spirit of resistance is running high.

Lipton Tea's profits and provocation in Pakistan

Unilever Pakistan management has stepped up its aggression against the workers at its Lipton/Brooke Bond tea factory in Khanewal, Pakistan. The plant - Unilever's last directly-owned and operated tea plant in a nation of tea drinkers - employs some 750 workers to pack tea, but only 22 are employed directly by Unilever.

El Salvador: Crisis, poverty huge challenges for leftist president

SAN SALVADOR, Mar 17 (IPS) - The main challenges faced by El Salvador’s leftwing president-elect Mauricio Funes are forging understandings with other political sectors, adopting measures to deal with the economic crisis, and especially its effects on the poor, and strengthening the country’s institutions, say analysts.

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