Class struggle is an unfashionable term in modern America, but with millions jobless or impoverished, to me it’s relevant as ever
Don’t scab for the bossesDon’t listen to their liesPoor folks ain’t got a chanceUnless they organise.
– Which Side Are You on?, Florence Reece
If you’re a Chicago native as I am, “class warfare” is a homegrown [...]
The violence in Maputo is just the latest manifestation of the crippling shortcomings of the global economy
It has been a summer of record temperatures – Japan had its hottest summer on record, as did South Florida and New York. Meanwhile, Pakistan and Niger are flooded and the eastern US is mopping up after hurricane Earl. [...]
M&S says it has stopped placing orders with Viva Global for ‘commercial’ reasons, but denies workers suffered intimidation
Workers at an Indian factory used by Marks & Spencer claim they have been beaten up while protesting about poor working conditions.
The Viva Global factory in Gurgaon, on the outskirts of Delhi, was exposed last month by an [...]
David Cameron’s new advisory panel is full of corporate big shots. But didn’t he promise he would fight against the influence of special interests?
Just four months into the coalition and a prime minister who pledged to “stand up to big business” is instead sitting down with it. A cabal of corporate types has been signed [...]
EU ministers edge closer to financial transaction levy amid signs that International Monetary Fund is softening opposition to ‘Robin Hood tax’
European Union finance ministers will step up talks on raising extra money from banks this week amid signs that the International Monetary Fund is softening its opposition to a “Robin Hood tax” on financial transactions.
Treasury [...]
Ocado shares are trading well below the float price but the online grocery business is getting crowded
Don’t say you weren’t warned. On 11 July we set out a catalogue of reasons why investing in Ocado at the ambitious price of 200p-275p might not be such a bright idea. The price had to be slashed to [...]
The White House is floating a new stimulus, though the Fed chief seemed to rule it out. But does he have any other tools?
Everyone was pretty glum about US GDP growth between March and June, when it was thought to be 2.4%. But due to the wonders of statistical revision, it now turns out that [...]
Misgivings about the ideological nature of Osborne’s cuts agenda could be dispelled by protecting the HMRC
The star chamber is in session. Any foot-draggers in the cabinet are due to be hauled before it if they fail to offer up 25% or even 40% cuts in time for the mass slaughter of the public sector next [...]
We have an anaemic recovery at best. And the housing market, where this crisis began, remains in terrible shape
Back in January, US vice-president Joe Biden offered up a huge hostage to fortune. Talking to fellow Democrats about the Obama plan for the economy, he promised: “You’re going to see, come the spring, net increase in [...]
• Justin King and Michael Rake agree to join PM’s advisory panel• Group likely to influence debate over spending cuts
David Cameron has assembled an advisory committee of about a dozen business leaders, including Justin King, the chief executive of Sainsbury’s; the ad man Sir Martin Sorrell and Sir Michael Rake, chairman of BT and easyJet.
The [...]
