The Ottawa Citizen 2008.05.02

Feel like you’re just treading water economically? Well, join the club. Most working Canadians are in the same boat, according to the latest Statistics Canada analysis of the 2006 census. (Keep reading…)

~~~~~~~~~~~~~~~~~(((( T h e B u l l e t ))))~~~~~~~~~~~~~~~~~~ A Socialist Project e-bulletin …. No. 93 …. March 29, 2008 ______________________________________________________ (Keep reading…)

The B u l l e t
Socialist Project • E-Bulletin No. 94 March 30, 2008

It is now thirty years since the People’s Republic of China announced its market reform policy at the Third Plenum of the 11th Central Committee of the Chinese Communist Party (CCP) in December 1978, under the then new leadership of Deng Xiaoping. The policy followed the death of Mao Zedong in 1976 and the purging of ‘leftists’ in the Party and the state, symbolically represented by the trial of the ‘Gang of Four.’ The policy was the declaration of the end of ‘Maoism’ as the economic and political framework for the Chinese revolution, although Maoism has continued to endure as a source of ideological legitimacy for the CCP. (Keep reading…)

Globe and Mail March, 2008

        Montreal-based Secor Consulting reported last week on the incredible ease with which foreign investors can buy Canadian companies.  Their detailed study of global acquisitions since 2000 confirms that Canada is selling itself off faster than any other industrial economy.  A total of 12 percent of the market value of corporate Canada has been sold to foreigners so far this decade – and the pace of conquest is accelerating. <a href="http://canadiandimension.com/articles/2008/03/23/1725/#more-1725" class="more-link">(Keep reading...)</a>

Special to Canadian Dimension March 23, 2008

…For the April issue of ‘Mayday’..

Don’t Worry, Be Happy (Keep reading…)

MRZINE March 17, 2008

The world appears to be on the verge of an economic crisis and, if it turns out to be as serious as some think, one that could rival or exceed the great panics of the late nineteenth century and the decade-long Great Depression. The crisis began with unscrupulous mortgage lending on an enormous scale, leading to mass housing foreclosures, then to a collapse of the securities backed by sub-prime mortgages, and finally became a crisis of the banks that held those securities. Over the past weekend government and banking officials worked out J.P. Morgan’s buyout of Bear Sterns, one of the most important U.S. banks which stood on the verge of collapse, a development that threatened to unleash an international financial crisis. (Keep reading…)

CounterPunch March 21. 2008

On Sunday night March 16, 2008 the Federal Reserve made a major advance for financial liberalization and deregulation when it opened up the Fed window to investment banks. For the first time securities underwriters could now borrow at the same advantageous rate as banks from the Fed. Unfortunately it has been deregulation and measures such as this that have helped create the mess we are in. (Keep reading…)

world Socialist Web Site 18 March 2008

However the events on Wall Street play out during the next few weeks, there is no question but that a crisis of historic magnitude is now unfolding. After a generation of relentless media propaganda, which touted the infallibility of the capitalist market and the genius of Wall Street’s financial wizards, the United States economy now stands on the very brink of an economic breakdown on a scale not seen since the Great Depression. (Keep reading…)

March 18, 2008
T r u t h o u t

According to the current plans being crafted in Washington, you will. Bear Stearns, one of the longstanding giants of Wall Street investment banking, is now on life support, the victim of its own excessive greed and bad judgment. Apparently, the wizards who run the show at Bear Stearns (I will resist the temptation to use initials) somehow couldn’t see an $8 trillion housing bubble in the US economy. They made highly leveraged bets on assets backed by mortgages. (Keep reading…)

Winnipeg Free Press March 19

‘I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub,” Grover Norquist, president of Americans for Tax Reform, once said. “The goal is reducing the size an scope of government by draining its lifeblood. (Keep reading…)