What is behind US-Taliban talks?Source: WSWS
Yesterday the Wall Street Journal reported on US plans to open direct negotiations with Taliban leaders in Afghanistan.
Global economic crisis hits Japanese banks, exportersSource: WSWS
Japan's stock market has been hit by extraordinary volatility over the past few days, hitting a 26-year low on Monday before recovering its losses yesterday after the government stepped in to announce a series of emergency measures.
Increasing social inequality and poverty in GermanySource: WSWS
Social inequality and poverty have dramatically increased in Germany in recent years compared with other countries. This is the conclusion of a study published by the OECD (Organization for Economic Co-operation and Development) last Tuesday.
The "dirty little secret" of the US bank bailoutSource: WSWS
One month later, the bailout has been enacted, and all of the dire developments--banks and businesses disappearing, the stock market plunging, unemployment skyrocketing--which the American people were told it would prevent are unfolding with accelerating speed.
US federal appeals court stays Troy Davis executionSource: WSWS
A federal appeals court in Atlanta, Georgia issued a stay of execution on Friday for death row prisoner Troy Anthony Davis. The ruling by the 11th Circuit Court of Appeals halts, at least temporarily, Davis's execution that had been scheduled for 7 p.m., Monday, October 27.
Job cuts mount as global recession takes holdSource: WSWS
During the recession of the early 1980s, the official unemployment rate rose above 10 percent. If a similar figure is reached in the next period, as appears increasingly likely, the social consequences will be even more severe than they were two decades ago.
OECD report ranks US third worst in inequality and povertySource: WSWS
A report issued yesterday by the Paris-based Organisation for Economic Co-operation and Development (OECD) revealed the United States has the third worst level of income inequality and poverty among the group's 30 member states.
France: €360 billion to bail out the banksSource: WSWS
With minimal debate, the French National Assembly endorsed the government's €360 billion rescue plan for the banks, a massive transfer of public funds to the financial elite, by a majority of 224 to 23.
US bank losses wipe out years of paper profitsSource: WSWS
[I]t was deemed necessary to roll out George W. Bush on Friday to reassure Wall Street that there were no strings attached and no hint of nationalization in the bailout scheme.
The stock market's false rallies—what history tells usSource: WSWS
In one day, the Dow Jones industrial average, the index that measures the stock values of 30 leading publicly traded corporations, climbed over 11 percent, its fifth largest increase on record in percentage terms, and its largest ever in terms of points.