Ron Wolff: The International Covenant on Economic, Social, and Cultural Rights (ICESCR), a multilateral treaty promoted by the United Nations, commits its parties to work toward stated objectives for all its citizens. As of December 8th, 160 countries had ratified it. Not us. The United States has “signed,” but the Senate has never ratified.
In other words, ten percent unemployment really means twenty percent underemployment or anxious employment. All of which translates directly into late payments on mortgages, credit cards, auto and student loans, and loss of health insurance.
The March employment numbers, out this morning, are bleak: 8.5 percent of Americans officially unemployed, 663,000 more jobs lost. But if you include people who are out of work and have given up trying to find a job, the real unemployment rate is 9 percent. And if you include people working part time who’d rather […]
With the economy tanking and unemployment skyrocketing, you’d think the Obama administration would be doing all it could to save jobs. But if its auto bailout plan is any indicator of its current direction, we’re on our way to losing a lot more jobs.
by Robert Reich — Friday’s employment report, showing that employers cut 533,000 jobs in November, 320,000 in October, and 403,000 in September — for a total of over 1.2 million over the last three months — begs the question of whether the meltdown we’re experiencing should be called a Depression.
by Carl Bloice — It is hemorrhaging fast and no end to the blood-letting seems to be in sight. No question, something has to be done about the auto industry. But what?
African American and Latino Communities Must Unite. Traditional allies and friends in a common struggle for equal opportunity, the African American and Latino communities of Los Angeles have grown apart in recent years. Where once blacks and browns stood shoulder to shoulder in the decades-long fight to correct the social injustices they both faced and […]