|
To hear pundits talk, the U.S. economy will rebound after the stock and credit markets heal. Consumers will then regain "confidence." But the bankruptcy of General Motors (GM) and Chrysler — icons of U.S. industrial might — are a sign that the nation's problems go deeper than cash-strapped banks or fickle shoppers. The real economy is seriously sick — and it's going to take more than bailouts and tax credits to set things right. Car and truck sales are down 40 percent from two years ago and inventories are piling up. Just one example is that five months worth of Dodge Rams sit unsold. Gluts like this are why GM and Chrysler closed 16 plants and shed tens of thousands of jobs in recent years. As both companies "recover" from bankruptcy, more downsizing will follow. Read the complete article. WEB EXTRA!
A conversation with pulp pioneer Ann Bannon, who brought readers tales of lesbian love and lust — in the 1950s! Credit: Illustration by R. A. Maguire More Featured Articles:
Beseiged on all sides — by the Taliban, U.S. drone planes, and their own military — ordinary Pakistanis organize to survive.
In the Dominican Republic, basic rights of women, immigrants, sexual minorities, and labor are in danger from state- and church-led attacks on the constitution. English, español
Reviews of hip-hop performers with a conscience from Michigan, the Pacific Northwest, and Palestine. For links to all of this issue's stories, click here. |
|
|
|
|
|
Opinion |
| Write us |
|
FS Newspaper |
|