ATLANTA, Georgia, 5 Feb (IPS) - Homeless advocates in the United States say if the new Congress and the Barack Obama administration do nothing, many more low-income people already teetering on the brink could end up living on the streets over the next two years.
Washington, (Prensa Latina) This will be a decisive week for US President Barack Obama to have his controversial economic rescue plan approved and to tour the south of the United States.
Original source: With today’s unemployment report showing nearly 600,000 jobs lost in January—worsening the U.S. unemployment rate from 7.2 percent to 7.6 percent—will obstructionist Republicans in Congress finally move the economic recovery bill?
Reposted from Morning Star GERMANY is facing a dire economic crisis. Following the collapse of Lehman Brothers in the United States last September, it became apparent that German banks also had large amounts of toxic real estate credits in their portfolios.
The US private sector cut 522,000 jobs in January. The private consulting firm Automatic Data Processing (ADP), number layoffs in manufacturing at 243,000 and 279,000 in services. ADP says large companies slashed 92,000 jobs, mid-size companies 255,000 and small companies lost 175,000.
Reposted from the International Transport Workers Federation The global economic crisis could see more than 50 million jobs lost around the world, according to the International Labour Organization's (ILO) latest report on employment.
Reposted from Workday Minnesota WASHINGTON - Unions and their allies, working both through ground troops and over the air, are pushing senators of both parties to approve the giant economic stimulus bill now moving through Congress.
Rise in union membership reported The Labor Department reported Jan. 29 that the number of union members increased by 428,000 in 2008, hiking the total increase in union membership to 750,000 in the last two years.
Original source: Hoping to put the brakes on an economy spiraling downhill and out of control, the House today passed (244-188) an $825 billion economic recovery package that could create or save as many as 4 million jobs.
Economic news worsened Wednesday as the House of Representatives voted on the stimulus package with the Federal Reserve Board’s Open Market Committee admitting that the “economy has weakened further. Industrial production, housing starts, and employment have continued to decline steeply, as consumers and businesses have cut back spending.”