Carnage at Yahoo: The Lopsided Economy

jobs mob

Carl Bloice: With industry executives raking in fantastic and unwarranted riches while the lives of workers from Sunnyvale to Pittsburgh are rendered ever more precarious, whatever is happening certainly is lopsided.

How to Save $250 Billion: Axe “Missile Defense”

hostage-wide

Lawrence Wittner: By scrapping plans for nuclear weapons “modernization” and for national missile defense—programs that are both useless and provocative—the United States would save $271 billion (well over a quarter of a trillion dollars) in the next ten years.

The Great Disconnect Between Stocks and Jobs

Unemployment

In the Great Recession of 2008-2009, companies are going a step further. They’re using this sharp downturn to cut payrolls even below where they were when times were good. Outsourcing abroad, setting up shop in China and elsewhere, contracting out, replacing people with software and automated machines – they’re doing whatever it takes to get payrolls down so earnings bounce up.

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