By Allison Smith, 30 June 2020
The €6 billion corporate bailout for Fiat is to be financed by social austerity targeting working people in Italy and attacks on jobs and wages at Fiat Chrysler internationally.
By Bryan Dyne, 30 June 2020
Not a single corporate executive or regulatory official has been prosecuted for the two crashes that cost 346 lives.
By Peter Schwarz, 26 June 2020
The company CEO was arrested in connection with the disappearance of 1.9 billion euros ($2 billion).
By Peter Schwarz, 23 June 2020
The question arises whether Augustus Intelligence is a genuine commercial enterprise or rather a covert intelligence service operation.
Canadian oil refinery boss lauds George Floyd protests while employing state violence against locked-out workers
By Carl Bronski, 16 June 2020
Federated Cooperatives Ltd. CEO Scott Banda has mobilized and solidarized with racist, far-right forces in seeking to break the resistance of 750 locked-out Regina oil refinery workers.
By Jerry White, 4 June 2020
Tech billionaires, Wall Street bankers and auto executives all issued statements this week in hopes of shoring up the battered image of American capitalism.
By Luke Galvin and Lily Zhao, 2 June 2020
A major health crisis threatens residents of central Michigan after last week’s flooding that displaced more than 10,000 people and destroyed thousands of homes.
By Kevin Reed, 2 June 2020
The merger of the wireless carriers Sprint and T-Mobile has already resulted in the loss of 6,000 retail jobs as the combined firm is moving aggressively to close down as many as 2,000 Metro prepaid phone stores across the country.
By Mark Witkowski, 1 June 2020
Telecoms are directing employees to work from home during the pandemic as they seek ways to impose job cuts and cost savings.
By Barry Grey, 5 May 2020
The Trump administration and Senate Majority Leader Mitch McConnell are demanding that a new pandemic relief bill provide businesses with legal immunity for causing disease or death to employees by failing to provide a safe work environment.
By Bryan Dyne, 1 May 2020
The media’s adulation of this “breakthrough” takes place in the midst of an increasingly frenzied effort to create the impression that the virus is “under control” and the crisis is all but over.
By Joseph Kishore—SEP candidate for US president, 28 April 2020
2020 will go down not only as the year of the coronavirus pandemic but also as the year of the greatest act of thievery and plunder yet perpetrated by the corporate and financial oligarchy.
The bipartisan “small business” swindle: Billions for the banks and corporations, pennies for workers and shopkeepers
By Barry Grey, 23 April 2020
Scores of multi-million- and billion-dollar corporations are receiving free handouts from the government under the “small business” relief fund grotesquely misnamed the “Paycheck Protection Program.”
By Peter Schwarz, 20 April 2020
An article in the Süddeutsche Zeitung details how the executives of major German corporations are raking in millions from the COVID-19 crisis.
By Benjamin Mateus, 10 April 2020
President Trump threatens cutting funding to the World Health Organization (WHO) for their criticism of his policy of scaling back the response to the pandemic.
By Nick Beams, 3 April 2020
Banks, lobby groups, major legal firms and hedge funds are all striving to get their slice of the largest corporate and financial bailout in history.
By Patrick Martin, 31 March 2020
Giant American corporations have blocked the development of inexpensive ventilators and are hoarding supplies of materials needing to make billions of N95 masks for health care workers.
By Jacob Crosse, 21 March 2020
After receiving classified intelligence briefings, at least four US senators sold millions of dollars worth of stock while downplaying the severity of the virus to the public.
By Tom Hall, 4 March 2020
The plea deal means the noose tightens further around disgraced ex-UAW President Gary Jones, who finally resigned last November.
ABC News suspends veteran reporter who called himself a socialist, criticized network in secret recording
By Matthew Taylor, 28 February 2020
In the video ABC News reporter David Wright criticized the network for abandoning serious reporting in favor of sensationalism.
By Bryan Dyne, 26 February 2020
Feinberg’s career as Wall Street’s preeminent “fixer” began when he minimized the payouts Dow and Monsanto made to victims of Agent Orange during and after the Vietnam War.
By Thomas Scripps, 26 February 2020
Greed offers a sharp and often funny critique of the impact on society of rule by a criminal financial oligarchy, and deserves a wide audience.
By Nick Beams, 24 February 2020
The OECD pointed to an “unprecedented build-up of corporate bond debt” since the financial crisis of 2008 with an increase of $2.1 trillion in 2019 alone.
By Kevin Reed, 21 February 2020
In response to growing opposition within Amazon, as well as society as a whole, to the growing climate crisis and the role of super-rich billionaires in it, Bezos, the world’s richest person, has launched a new philanthropic fund.
By Kevin Reed, 17 February 2020
The decision by a federal judge to grant Amazon’s request is an indication of bitter conflict within the ruling establishment.
Cleveland-area officials announce plan to provide $14 million to industrial paint giant Sherwin-Williams
By Isaac Finn, 12 February 2020
The Fortune 500 company, which marked $1.5 billion in profits in 2019, is to be given millions in public funds in order to keep 3,500 jobs in northeastern Ohio for at least five years.
By Margot Miller, 27 January 2020
Benita Mehra’s removal from the panel will not alter the fact that the fundamental purpose of the inquiry is to protect, rather than punish, the guilty.
By Jessica Goldstein, 27 January 2020
The deal with the Michigan Strategic Fund board includes a modest reduction in the tax credit in exchange for the “flexibility” to cut more jobs.
By Bryan Dyne, 23 January 2020
A pittance has been provided to the 346 families who lost loved ones in the two Boeing 737 Max 8 crashes, even as major financial institutions are moving to provide billions of dollars to prop up the aerospace giant.
By Douglas Lyons, 22 January 2020
The miners had not been paid since December 27 and were owed between $2,000 and $3,000 each.
By Tom Carter, 17 January 2020
“I am confident that these uniforms are affecting many thousands of people,” lead attorney Bruce A. Maxwell told the World Socialist Web Site.
After two crashes that killed 346 people
By Bryan Dyne, 13 January 2020
The aerospace giant allocated only $50 million to compensate the 346 families who lost loved ones in the two Boeing 737 Max 8 crashes, $144,500 for each life lost.
By Sam Dalton, 10 January 2020
Chelsea Clinton, the daughter of Bill and Hillary Clinton, reaps millions through her family’s connections with the super-rich.
By Bryan Dyne, 8 January 2020
The airplane manufacturer’s reversal highlights its culpability in previously opposing simulator training, even after two deadly crashes of 737 Max commercial jets that took a combined total of 346 lives.
By Kevin Reed, 31 December 2019
As more details emerge about the oozing of the known carcinogen from the basement of a small metal plating company over the Christmas holiday, it is becoming clear that government environmental agencies are also directly responsible.
By Bryan Dyne, 24 December 2019
Muilenburg’s removal will not change the underlying drive by Boeing for ever-greater profits at the expense of human lives.
By Bryan Dyne, 23 December 2019
No Boeing executives or Federal Aviation Administration officials have yet been charged, let alone prosecuted, for the two.
By Jerry White, 19 December 2019
The $47 billion deal will create the world’s fourth largest automaker by sales, trailing only Volkswagen Group, Toyota Motor and the Renault-Nissan alliance.
By Jessica Goldstein, 18 December 2019
The Institute on Taxation and Economic Policy found that 91 highly profitable Fortune 500 corporations paid zero or negative income taxes in 2018.
By Anthony del Olmo, 16 December 2019
If PG&E accedes to Newsom’s demands, the company’s board will simply be changed from Wall Street vultures to financial parasites from California.
By Bryan Dyne, 13 December 2019
Boeing and the Federal Aviation Administration were well aware of deadly safety problems of the 737 Max 8 aircraft that cost 346 human lives.
By Jacob Crosse, 9 December 2019
Despite campaigning in 2018 against the largest state subsidy in US history, Governor Tony Evers has bent over backwards to accommodate the multibillion dollar company at the expense of the working class.
By Tom Hall, 5 December 2019
The deal reached with FCA does not even include the fig leaf “pathway” for temporary workers to regular employment found in the GM and Ford contracts.
By Kevin Martinez, 5 December 2019
The 700-page report found that the company had systemic failures when it came to updating and fixing its infrastructure leading up to the 2018 Camp Fire, which killed 85 people.
By Jerry White, 4 December 2019
The concessions forced on GM and Ford workers were imposed by the United Auto Workers, which a lawsuit by GM describes as an organization that was “acquired” by Fiat Chrysler.
By Mike Head, 30 November 2019
This latest scandal does not directly involve cheating customers, but centres on allegations of evading official transaction-tracking measures.
By Eric London, 22 November 2019
The extraordinary lawsuit filed by General Motors peels back the curtain on the “purchase” of the United Auto Workers by Fiat Chrysler and the other automakers.
California utility PG&E plans regular blackouts for another ten years as more residents have power cut this week
By Anthony del Omo and Dan Conway, 21 November 2019
Earlier this week, the Pacific Gas and Electricity utility (PG&E) announced that they would shut off electrical power to hundreds of thousands of customers beginning Wednesday morning in the fourth such mass power outage since October.
By Kevin Martinez, 1 November 2019
11 fires are presently raging across California, with reports indicating that the state’s utility monopolies likely bear responsibility for the most damaging fires.
By Samuel Davidson, 1 November 2019
The bankruptcy the coal giant threatens 7,000 jobs and the bankruptcy of health and pension funds for 82,000 current and former miners and their families.
By Bryan Dyne, 31 October 2019
At House and Senate hearings this week, Boeing CEO Dennis Muilenburg acknowledged that he knew of the dangers of the 737 Max 8, yet not a single congressman or senator suggested that he should be criminally prosecuted.
By Bryan Dyne, 29 October 2019
The year since the crash in Indonesia has exposed the collusion between Boeing, the federal government and the trade unions that led to the deaths of 346 men, women and children.
By Jonathan Burleigh, 25 October 2019
Despite California Governor Gavin Newsom’s posturing as an opponent of the utility’s profiteering, PG&E knows full well that it will not be held responsible for the social cost of its power shutoffs.
By Harvey Simpkins, 24 October 2019
While Adam Neumann receives an outrageous “golden parachute,” a jobs massacre is expected at the company which currently operates offices in 29 countries around the world.
Major distributors and manufacturers of opioids avert trial by reaching $260 million wrist-slap settlement in Ohio
By Brian Dixon and Benjamin Mateus, 23 October 2019
The settlement is seen as a “bellwether” case for future opioid lawsuits, with the companies making no admission of guilt for the drug overdose crisis which has ravaged the US.
By Bryan Dyne, 15 October 2019
The Joint Authorities Technical Review makes clear that the FAA, ostensibly Boeing’s regulator, made no attempt to determine the safety of new flight control software that led to the crash to two 737 Max 8 flights.
The irrationality of capitalism: Millions cut off from electricity, lives endangered by California utility PG&E
By Evan Blake, 11 October 2019
The forced blackouts affecting over two million people and businesses across 34 counties in Northern California serve as a stark example of the irrationality of the capitalist system.
By Bryan Dyne, 24 September 2019
The article is an attempt to whitewash the profit-driven negligence of Boeing and complicity of the industry-dominated Federal Aviation Administration that led to two crashes of Boeing 737 Max 8 aircraft and the deaths of 346 people.
By Kate Randall, 18 September 2019
An agreement with plaintiffs would absolve the Sackler family of culpability for the hundreds of thousands of deaths linked to promotion and sale of OxyContin.
By Kevin Reed, 11 September 2019
Six years after the bankruptcy of Detroit, the ruling class is once again pilfering the public treasury.
Ten days before contract expiration, top aide to UAW GM negotiators pleads guilty to taking $2 million in kickbacks
By Jerry White, 5 September 2019
The plea deal comes as GM CEO Mary Barra is set to meet with President Trump to discuss the upcoming contract battle by autoworkers.
By Kevin Reed, 29 August 2019
The broken cameras were within view of the Manhattan cell where the multimillionaire sex trafficker was being held at the time of his death earlier this month.
By Genevieve Leigh, 29 August 2019
The toothless ruling follows a well-worn pattern in which giant corporations, after committing horrific social crimes, get off with a relatively small fine.
By Kevin Reed, 28 August 2019
In further evidence of conspiracy in the death of Epstein, a security camera in the hallway outside his federal prison cell—where he supposedly committed suicide—reportedly “had footage that is unusable.”
By Benjamin Mateus, 27 August 2019
While the $572 million judgment fell short of the $17 billion sought by the state, the court’s ruling was an unambiguous finding that the giant corporation deliberately downplayed the dangers of the opioids it manufactured.
By Patrick Martin, 23 August 2019
Amid reports of “stunning” violations of protocol by prison officials in the death of America’s most famous prisoner, the Times claims that questions regarding the well-connected sex trafficker are “conspiracy theories.”
By Will Morrow, 22 August 2019
The report demonstrates how the financial markets serve as a mechanism for the transfer of wealth up the income scale, from the working class to the corporate elite.
By Tom Hall, 21 August 2019
The September 14 contract deadline is fast approaching for more than 150,000 hourly workers at Ford, GM and Chrysler operations in the US.
By Jerry White, 21 August 2019
A lifelong UAW functionary on the payroll of the union’s International staff for 28 years, Ashton epitomizes the social layer at the head of the so-called “American labor movement.”
By Jerry White, 20 August 2019
Ashton would be the highest-ranking UAW officer implicated in the corruption scandal that has already led to the conviction of UAW Vice President Norwood Jewell and three other top UAW officials on the 2015 UAW-Chrysler Bargaining Committee.
By Patrick Martin, 19 August 2019
Despite many unanswered questions, virtually all reporting on the death of multi-millionaire sex-trafficker Jeffrey Epstein has halted following the verdict of suicide by the medical examiner.
One month before the expiration of auto contracts
By Jerry White, 15 August 2019
While the transnational corporations have made record profits since the 2008 financial crash, autoworkers have suffered a decade of falling real wages. They are determined to win substantial gains.
By Shannon Jones, 14 August 2019
Workers contrasted the lenient treatment handed out to Norwood Jewell with the brutal conditions they face every day in the factories compounded by the ever-present threat of layoffs.
By Patrick Martin, 12 August 2019
The circumstances of Jeffrey Epstein’s death fully justify the widespread suspicions that he was murdered.
By Shannon Jones, 6 August 2019
The former head of the union’s Fiat Chrysler department was sentenced to 15 months in a minimum-security prison for his role in the illegal bribery scheme.
By Bryan Dyne, 5 August 2019
The Federal Aviation Administration kept Boeing’s dangerous 737 Max 8 flying to protect the profits of the aerospace giant.
“Paid for by Fiat Chrysler:” Prosecutors outline UAW corruption for Norwood Jewell sentencing hearing
By Tom Hall, 1 August 2019
Jewell will be the highest ranking UAW official sentenced in the ongoing federal corruption probe of the UAW and FCA and one of eight union or company officials to have been convicted.
By Bryan Dyne, 29 July 2019
The investigative report in the New York Times comes only days after the aerospace giant announced that it was considering halting production of the deadly aircraft.
By Shannon Jones, 24 July 2019
For years Ford covered up a transmission defect in its Fiesta and Focus models that can cause sudden acceleration or stalling.
By Frank Gaglioti, 23 July 2019
Michael Ogalirolo claims his potentially lethal cancer, non-Hodgkin lymphoma, is due to 18 years of exposure to glyphosate, the active component of the herbicide Roundup.
By Jerry White, 4 July 2019
The corporate media is lauding the former Chrysler CEO for gutting the wages and jobs of autoworkers in the UAW-backed federal bailout of 1979-1980.
By Bryan Dyne, 3 July 2019
These revelations come alongside reports that the production of the Boeing 787 Dreamliner is also under investigation.
By Will Morrow, 26 June 2019
The CEO and leading shareholder of French luxury fashion retail group LVMH became the third person in history to join the centi-billionaires club.
Creating the framework for government-directed online censorship
By Kevin Reed, 14 June 2019
A House subcommittee hearing on Tuesday began a major bipartisan drive for government-directed censorship of website and social media content.
Ford escalates jobs massacre
By Jerry White, 22 May 2019
The global integration of capitalist production has created the practical and technological means to unite workers in an internationally coordinated campaign to defend jobs and living standards.
By Trévon Austin, 20 May 2019
While neither the carriers nor the pilots had been informed of the existence of a new anti-stall system, Federal Aviation Administration officials are trying to scapegoat those pilots who died trying to overcome the airplane's design flaws .
By Bryan Dyne, 8 May 2019
Aviation journalist Rytis Beresnevičius: “The press release is just Boeing shifting the blame somewhere else. They are defending their greed.”
By Nick Beams, 18 April 2019
The American president, in demanding that the Fed intervene to drive up the stock market, has stated openly what the US central bank has been doing for decades.
By Patrick Martin, 16 April 2019
As a consequence of Trump’s 2017 tax cut for the wealthy, the number of Fortune 500 companies paying no federal income taxes has doubled.
By Jerry White, 10 April 2019
The conviction on bribery charges of Jewell sheds light on the close connections between the UAW and the Democratic politicians responsible for the lead poisoning of an entire city.
Purdue Pharma, maker of highly addictive painkiller OxyContin, settles with state of Oklahoma for $270 million
By Ben Mateus, 8 April 2019
The settlement is the first of roughly 2,000 lawsuits pending in federal and state courts against Purdue and other opioid manufacturers, including Johnson & Johnson and Teva Pharmaceutical.
By E.P. Milligan, 8 April 2019
It is now abundantly clear that Pugh accepted thinly-veiled bribes from health insurance giants and other corporate interests in exchange for kickbacks from the city budget.
By Bryan Dyne, 28 March 2019
After a pair of deadly crashes, the Senate Subcommittee on Aviation and Space convened Wednesday to question the heads of the federal agencies responsible for overseeing the verification of new aircraft.
By Roger Jordan, 23 February 2019
The Liberals’ attempt to shield engineering giant SNC-Lavalin from criminal prosecution has led to the resignation of the former Justice Minister and Trudeau’s top adviser, throwing the government’s re-election plans into disarray.
The reality of capitalism: GM makes $11.8 billion in profits while closing plants, eliminating 14,000 jobs
By Jerry White, 7 February 2019
The huge profits, side-by-side with the destruction of entire communities, expose the real character of the capitalist system and why the working class must abolish it.
By Andre Damon, 29 December 2018
This year has seen an intensification of internet censorship by Google, Facebook and Twitter, transforming these companies into censors that police what their users say, do and think.
By Shannon Jones, 22 November 2018
Many questions remain unanswered in the arrest of Carlos Ghosn, who headed a giant automotive alliance that includes Japanese-based Nissan and Mitsubishi, along with French-based Renault, which produces more than 10 million vehicles annually.
By Guillaume Garnier, 21 November 2018
The deal between Amazon and the city and state will provide billions to the world’s richest company.
Ten years after the financial crash
By Barry Grey, 19 September 2018
The average pay of Wall Street traders and brokers rose to $422,500.
As National Football League season opens
By Alan Gilman, 10 September 2018
The National Football League season has opened against the backdrop of Colin Kaepernick becoming the face of Nike’s new “Just Do It” campaign and a ruling allowing his collusion lawsuit against the NFL to go forward.