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Top Stories from Corporate Accountability and WorkPlace on AlterNet
October 16th, 2008
http://www.alternet.org/workplace/
___________________________________________________________
>From the editors:
Last week, I asked Walden Bello, the scholar and global justice activist, how
people might protect themselves from a financial meltdown. His answer is worth
sharing ...
"I think people should start getting together in groups to work out collective
responses to the crisis, like making plans to share work and resources.
Setting up food and farming cooperatives and creating local networks for
sourcing food is another possible response. Organizing to push the government
to support community production and work sharing programs is another. The
important point is to face the coming crash collectively, not individually,
which unfortunately is the way that capitalism has socialized us to respond to
crisis. The coming period, like the 1930's, will probably see a tremendous
rise in mass organizing and the reemergence of progressive visions and politics
as a viable alternative to the system. People who have long been depoliticized
will start coming out of the woodwork. Crisis, as the Chinese say, is also
opportunity."
-Joshua Holland
Editor, Corporate Accountability and Workplace
___________________________________________________________
FINANCIAL MELTDOWN 101
By Arun Gupta, Indypendent
Everything you ever wanted to know about the biggest
economic meltdown since the Great Depression but were afraid
to ask.
http://www.alternet.org/workplace/102672/
HANK PAULSON AND HIS WALL STREET CRONIES MOVE TO PLAN B
By Nomi Prins, The Nation
Paulson and his wheeler-dealer pals have proven more
interested in preserving their own wealth than in
stabilizing the American economy.
http://www.alternet.org/workplace/103004/
THE FLAT EARTHERS TRY TO PIN FINANCIAL MELTDOWN ON FANNIE AND FREDDIE
By Dean Baker, TruthOut.org
In the Flat Earth version, the real villains in the story
were the public/private mortgage giants Fannie Mae and
Freddie Mac.
http://www.alternet.org/workplace/102964/
LET'S MAKE WALL STREET EXECS PAY FOR CLEANING UP THE MESS THEY MADE
By Sam Pizzigati, Too Much: A Commentary on Excess and Inequality
The "polluter pays" principle works in the environmental
realm -- we can apply it to the financial meltdown too.
http://www.alternet.org/workplace/102942/
MY DEPRESSION -- OR OURS?
By Tom Engelhardt, Tomdispatch.com
The Bush administration managed to turn that misplaced fear
we had after 9/11 into something like prophecy and bring
down the house.
http://www.alternet.org/workplace/102855/
NOT MY FINANCIAL CRISIS -- I'VE GOT LITERALLY NOTHING TO LOSE
By Alexander Zaitchik, AlterNet
Like most people I know in their 20s and 30s, it takes a
stretch of the imagination to understand that I have a stake
in the national economy.
http://www.alternet.org/workplace/102676/
THE FALLACY OF THE 401(K)
By Marie Cocco, Washington Post Writers Group
401(k)s are the contemporary version of the get-rich-quick
scheme. They place retirement in the shaky hands of the
market.
http://www.alternet.org/workplace/102775/
HOW WORLD LEADERS CAN REVERSE THE ECONOMIC MELTDOWN
By Dean Baker, Mark Weisbrot, Campaign for America's Future
A broader stimulus package is desperately needed to right a
listing economic ship.
http://www.alternet.org/workplace/102663/
RECESSION? DEPRESSION? HOW DEEP, HOW FAR AND WHAT CAN BE DONE?
By Joshua Holland, AlterNet
A survey of what some of the best thinkers believe we're
facing in the coming months and years -- and the best ways
to prevent complete disaster.
http://www.alternet.org/workplace/102379/
THE WOMAN WHO COULD HAVE PREVENTED THIS FINANCIAL MESS WAS SILENCED BY
GREENSPAN, RUBIN AND SUMMERS
By Katrina vanden Heuvel, TheNation.com
A sad tale emerges of willfully arrogant behavior designed
to undermine a wise woman's good judgment.
http://www.alternet.org/workplace/102559/
FINANCIAL CRISIS: DEEP DOWN, WE ALL KNEW THIS WAS COMING
By Robert Bryce, CounterPunch
Given the countless warnings that came via Bush's decadent
approach to government and regulation, there should be zero
surprise we'd be robbed blind.
http://www.alternet.org/workplace/102357/
HOW SCARY THE ECONOMY WOULD BE IN MCCAIN'S HANDS
By Jared Bernstein, Huffington Post
McCain's economic plan contradicts his recently held
fundamental views and is far out of touch with the needs of
the country.
http://www.alternet.org/workplace/101895/
___________________________________________________________
AlterNet Blogs:
IN FINANCIAL CRISIS, AMERICA'S PLUTOCRATS ARE HURTING TOO
By Steve M., No More Mister Nice Blog
Won't somebody think of the CEOs?
http://www.alternet.org/blogs/workplace/103193/
MCCAIN UNVEILS NEW ECONOMIC STIMULUS PROPOSAL: TAX CUT FOR MILLIONAIRES
By Faiz Shakir, Think Progress
Uh, Senator, I think you're missing the point.
http://www.alternet.org/blogs/election08/102938/
STOCK MARKET DROPS 107 POINTS DURING BUSH'S SPEECH ON THE ECONOMY
By Amanda Terkel, Think Progress
That's the kind of confidence Bush inspires these days.
http://www.alternet.org/blogs/workplace/102515/
DOW DIPS BELOW 8,000; ANXIETY, ANGER AT ALL TIME HIGHS
By Joshua Holland, AlterNet
The long-held dominant economic paradigm is under fire.
http://www.alternet.org/blogs/peek/102495/
___________________________________________________________
These stories and more are available in Corporate Accountability
and WorkPlace on AlterNet.
http://www.alternet.org/workplace/
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