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Decline in Labor Force Leads to Drop in Unemployment
The June drop in hours suggests that hiring will slow further. The Labor Department reported that 652,000 people left the labor force in June, causing the unemployment rate to …
The Million-Dollar Penny
The ulta-rich are splurging again as the rest of us muddle through the Great Recession. Every summer, several financial firms competing to get the banking business of the world's …
Child Slavery in Haiti, Again
“I'm struggling to end slavery because I know how I suffered,” said Helia Lajeunesse, a former restavèk, child slave, who is now a children's rights advocate. Today, there are …
News in Brief: Oil From Gulf Spill Enters Food Chain, and More
The first indication of oil entering the Gulf seafood chain has been spotted, reported the Biloxi Sun Herald, with droplets of oil found in crab larvae. According to university …
Self-Fulfilling Prophecy? Panel Pushes Goldman on AIG Collapse
Washington - Goldman Sachs executives first threatened to stop making exotic trades with the American International Group in July 2007 unless the insurance giant posted $1.8 billion in cash …
Danny Glover Reads Frederick Douglas: “The Meaning of July Fourth for the Negro” (Video)
July Fourth is held up as a day to celebrate the struggle for freedom and independence. But the great abolitionist Frederick Douglass, himself a former slave and the editor …
When Will America Be Free From BP?
On July 4th, Americans are supposed to celebrate their independence. We may no longer have to worry about a greedy, distant monarch. But our country is still held in …
Getting the Common Market to Benefit the Common Woman
Kampala, Uganda - July 1 marked the moment when the East African Community common market protocol kicked into operation. But Ugandan women face several obstacles before they will benefit …
Who Made Madoff? – Interview With an Anonymous Hedge Fund Manager
In the fall of 2007, after two Bear Stearns-owned hedge funds trading in subprime debt suddenly went bankrupt, I sat down with a friend of a friend who worked …
Finance Must Be Put Back in Its Place
The G20 display a desire to limit the instability of the financial sector. If it succeeds, it will still have to put that sector back to serving the economy. …