Labor Day is observed annually in honor of working people on the first Monday in September in all the states and territories, including Puerto Rico and the Virgin Islands. The day was originally conceived in 1882 by Peter J. McGuire, the radical founder and indefatigable warrior of the Brotherhood of Carpenters and Joiners of New [...]
Government should stay out of free enterprise? U.S. consumers stand a better chance of buying honey free of drugs, chemicals and other illegal contaminants because investigators from several federal agencies have scooped up some of the biggest players in the sticky, international honey-laundering maze. A 70-page indictment, released in Chicago by U.S. Attorney Patrick Fitzgerald, [...]
CEOs the villains again? Take a look at this recent report. As U.S. companies shed millions of workers during the recession, the CEOs who laid off the most people brought home pay that was significantly higher than that of their peers, a study released on Thursday found. The CEOs of the 50 U.S. companies that [...]
EYNOSA, Mexico — A car explodes outside a police station, another outside a television station. A drug gang is suspected of massacring 72 migrants. A prosecutor investigating those deaths suddenly disappears. Mexico’s drug cartels seem to be adopting the tactics of war zones half a world away. The violence has contributed to fewer migrants crossing [...]
Conservative commentator Glenn Beck and tea party champion Sarah Palin appealed Saturday to a vast, predominantly white crowd (reportedly over 500,000 people) on the National Mall to help restore traditional American values and honor Martin Luther King’s message. Civil rights leaders who accused the group of hijacking King’s legacy held their own rally and march. [...]
Have we entered the liquidity trap? What is a liquidity trap? In its original conception, a liquidity trap resulted when demand for money becomes infinitely elastic (i.e. where the demand curve for money is horizontal) so that further injections of money into the economy will not serve to further lower interest rates. Under the narrow [...]
Since 1987, average U.S. farm real estate values have rebounded 102 percent, from $599 per acre to $1,210 per acre in January 2002. In real or inflation-adjusted terms (1982 dollars), this amounts to a 39-percent gain. It was not until January 1995 that the average nominal value per acre surpassed the previous record high of [...]
Are Mergers Back? What’s behind it? Companies chasing synergies, or locking in natural resources, or using up spare cash? On Wall Street, it is called the “black car indicator” — a reference to the limousines lined up around investment banks to ferry home young analysts who have pulled near-all-nighters while working on deals. The animal [...]
WWIII ahead? Will warfare defining human life by 2020? Will the mother of all national security issues: desperate wars over food, water, energy’ World War III is coming? Are Iraq and Afghanistan just warm-up acts? Have you been watching as well the build up of China and Iran and other Asian country’s military power? Iranian President [...]
Bluepoint daily market view – September 07, 2010
Today France shuts down, soon Europe is to shut down. The international day of workers’ action, called by the European Trade Union Confederation for 29 September, could be an event of major importance for the working class movement and the CWI. The day itself, which will see co-ordinated protests, action and general strikes, has the [...]