ECONOMIC CRISES and SCANDALS

2005

P rof Gunder Frank on the fall of the dollar	Car Clones and Other Tales of the Mighty Economic Engine Known as China	U.S. Trade Deficit Hits $58.3 Billion as Chinese Imports Surge
Ex-Chief of WorldCom Is Found Guilty in $11 Billion Fraud	DCX may supply U.S. from China	Hints of Revaluation Emerge as China's Currency Briefly Floats
Standard & Poor's Cuts Ford and G.M. Debt Rating to Junk Status	Real wages fall at fastest rate in 14 years	General Motors Plans to Cut 25,000 Jobs in Next 3 Years
For Chinese, Peasant Revolt Is Rare Victory	Former Tyco executives convicted of looting company of millions of dollars	Ford cuts 1,750 jobs, won't pay bonuses
Microsoft to Pay I.B.M. $775 Million to Settle Antitrust Claims	Ebbers Sentenced to 25 Years in Prison for $11 Billion Fraud	MCA CEO gets 10 years
Kmart settles employee lawsuit	The Imperfect Storm	Safe as Houses
Ex-WorldCom Officer Sentenced to 5 Years in Accounting Fraud	Will Home Boom End?	San Diego's Audit Firm Bosses Indicted
Buy American? Not GM! Parts Suppliers Squeezed	Tyco Bosses Head to Jail, Wrists Slapped	Find The Brownie
Delphi Files For Bankruptcy--Worst Crisis in Auto in 25 Years	Quote: I think we in Michigan are about to find out exactly how angry workers can get.	Prices Rise Highest Rate In 25 Years
Krugman on Delphi Crisis	GM/UAW Gut Retiree Health Care, Plan 25,000 Layoffs, To Spin Off GMAC	U.S. Labor Is in Retreat as Global Forces Squeeze Pay and Benefits
Indictment Broadens in Shelters at KPMG	TOM WALSH: GM retirees bear brunt of deal	Bill Gates dumps dollar for euro
California Group Steps Into Vacuum on the Left	Wal-Mart Memo Suggests Ways to Cut Employee Benefit Costs	Exxon Mobil Profit Soars on Oil Prices October 27, 2005
Ford cracks down on rest room breaks	The End of Pensions	Big Drop in October for Detroit
Farmer Jack Workers Approve Pay Gut	A New Weapon for Wal-Mart: A War Room	Who? US? Gouge? Oil Bosses Defend Profits
GM Workers Buy UAW Health Care Betrayal	News Tycoon Stole Millions, U.S. Charges	Ford to Dump 4000 bosses
NY Times Series on "The New Social Contract"	G.M. to Cut 30,000 Jobs and Close Some Factories	Mix of Shock and Resignation on G.M. Shop Floors Set to Close
*What If GM Did* Go Bankrupt...**	War Criminal Duke Cunningham Whines Guilty At Bribery Plea	U.S. Trade Deficit Hits New Record of $68.9 Billion
Copley News Hack Quits; Paid By Abramoff	Kerkorian unloads 12 million GM shares	Cutting student loans to pay for the war
Year End Summary, 2005, from Economic Policy Institute	The Pimping of the Presidency


Michigan Economy Plunges toward Crisis	The Recession Slowly Spreads	Ford Loses $5.5 Billion
Argentia Will Not Pay Government Workers, Prez Got a 13 % raise..	Washington Post Layoffs List Post 911	US Joblessness Hits Eight Year High
National Economic Crisis Reflected in State Budgets	Brazil Teeters on Collapse	Vivendi Collapsing
A World Con Guide How to Hide $3.8 Billion in Expenses	xerox criminals admit deeper fraud	Worldcom Employees Fired, Bosses Party on Maui
Krugman; False Outrage at Stock Scams	WorldCon Bosses Cop the Fifth	Bush, Heir to the Holocaust
Wall St. shaken by another one: Qwest	Counterpunch: a tale of two twits	Massive Fed Budget Deficit Grows Deeper
Haliburton, Brown and Root, CIA, Cheney and The Pentagon Dollars	Ford Boasts Profits--and Massive Layoffs Closing Five Plants, 21000 Jobs	Chrysler Cuts 26,000 Jobs, Makes a Profit
Stocks Slide Toward 8000 as International Collapse Continues	WorldCom Goes Belly Up, Biggest Bankruptcy in the History of the World	AOL-Time Warner SLipSliding Away
US Economy in Dead Stall, GDP Down 80 Percent, at 1.1 (August 02)	Job Growth Dies in July 02	Thieving Execs Charged
Ex-Drug Executive Faces U.S. Charges of Insider Trading	Ex-Executives Say Sham Deal Helped Enron	ENRON CRIMINAL COPS A PLEA--RATS OUT PALS
Brazil Teeters on Collapse	Stagnant Wages Subvert the Masters' Economy	Overproduction Strangles US economy
Fortune: The Greedy Bunch, you bought, they sold	Sunbeam Boss Bites the Dirt	The Lavish Lives of Tyco Bosses
NYTimes: Stocks Tumbling 9/02	WorldCom Thief Pleads Guilty	Out of a Job and No Longer Looking
OCTOBER 2002: US Economy still uncertain (The Economist)	Banks in the firing line (The Economist)	GM And Ford Stock Ten Year Low
Lucent Cuts 10,000 Jobs	Job Losses Mount In October 2002	Housing, the next bubble
Auto Crisis Looming in Oct 2002	GM Demands Tax Free RenCen	Both Ford and Gm Credit Ratings Lowered
State Plunges Into Long Term Budget Crisis as Election Nears	Where the Jobs Are 2002	Joblessness Still Booming
Car Sales Drop 30 Percent in Oct 2002	SEC's Pitt to Quit	It is good to be a CEO
Ex-FBI Boss in Enron-type Scam	MacDonalds Closing Stores, Laying Off	Tax Revenues Collapse, Worst Since WWII
FBI Boss Driven Off SEC	NYC Guts School Budget by 215 Million	Bechtel Vs Bolivia: Water Wars
Why Monopolist Gates Gave 100 Million to India	Bush to Privatize 850,000 Jobs	State Budgets at Crisis Levels
NYC Plunges Into Fiscal Crisis	Immigrants make up half of new US workers	Globalizing Levis
Nafta: Mexican Prison Labor Bound For US	Auto Sales and Stocks Down 11/02	Inequality Rises, but the Poor Do Not
Home foreclosure hits record high	US economy sinks and Bush Fires His Pals	THE ECONOMICS OF GLUT
California, Gaming, and the Tribes	Big Mac Hits Big Losses	Poor Line Up at Shelters and Food Banks---The Only Booming Business other than War
GodFearing Tyco Felon Pleads Guilty, Walks with Fine	2002:Awful year for Latin America (The Economist)	Greenspan Warns Against Deflation
2002 Patriotic Holiday Shop Meets the Grinch	Happy New Years: 800,000 to Lose Unemployment Benefits	Third consecutive year of stock market losses (BBC)
Wall Street Bombs in 2002	101,000 jobs lost in Dec.	Airlines ask Congress for anti-strike measure
Dollar plummets vs. Euro	KMART To Layoff 37,000	Jobless in the Big Apple
US Hiring in Worse Slump in 20 Years	Young, jobless, hopeless: to be young in the US	GM Stock Downgraded, and Falls
US Trade Deficit Hits All Time High	China: Rising Up Angry	Qwest Bosses Indicted
Consumer Confidence Collapses	You Can Fool A Sneetch: Oregon Teachers Ratify Sellout	Vivendi Posts 25 Billion Loss
Overproduction Slams Auto Sales	Don Bauder's Last Column: The Deepening Crisis of US Capital	Nasdaq Three Years Later: The Bear Feasts Still
Paul Krugman: Not bullish on economy	Revolution in China?	Ford and GM Slash Production
Tax Cheaters and Corporate Bennies Run IRS	Bayer and Kaiser in Cipro Fraud	75 Million US Adults Outside the Labor Force
Companies Cut Costs/Wages Fall	Top Wall Street Firms Plead Guilty to Investment Scams	Top Investment Firms Fined $1.4 Billion
Dollar Falls to 4-Year Low Against Euro	US Indicts 11 More Enron Bosses	It is the economy, stupid
Pound and dollar down vs. euros	CEO's Remain Among the Rich	US Economy will be sick for a long time
Top Corporate Criminals if the Decade	Greider on US leading towards depression-deflation	Unemployment Rate Rises to a 9-Year High
Jobless Rate Booms to Hoover Levels and Beyond	Economy under Bush	UAW says it will fight health cuts
More Ford job cuts needed, execs told	Fresh Hope for Fat Cats	NYT : The export of jobs
One Half Of Manufacturing Buys in US are Foreign Made	Recovery less jobs beyond predictions	Ford Plant Finds Efficiency Is No Protector
Study Ties Biggest CEO Raises to Largest Layoffs	GAO : Cheney Derails Energy Investigation	The Victory of Speedup and Layoffs: Productivity
Labor Day 2003, "Recovery-recession" Deepens	Layoffs Up Again in August, Shift in Employment Indicated	PA Jobs Take a Hike, To China
Levis To Shut Last US Plant	Number of People Living in Poverty in U.S. Increases Again	Michigan Hit Hard By Economic Collapse
Chrysler Fades Fast	Jobs Moving Overseas	World's mega cities expand as millions quit the countryside
Overcapacity Stalls New Jobs	US Deficit Hits Record: $375 Billion	Gangsta Congress Discovers Mutual Fund Frauds
Jailed Russian Oil Boss Sought Deals with Bush and Carlyle Group	Jobless recovery continues	Dollar falls low
Jobless recovery continues (Guardian)	The Economy Is Cooking...Are Its Workers?	Housing Bubble Brewing
Walmart Invades Mexico	Resources on WalMart: The Big Company Store	USDA refuses to release Mad Cow records
Poverty In Michigan Up 25 Percent	Gossage: Kroc Poisoned the World A Tally of her Big Bucks	Faith Based Prison Opens in Florida
Le Monde: China and the Dollar	I.M.F. Says Rise in U.S. Debts Is Threat to World's Economy	China, The Fulcrum of the New Economy
International Monetary Fund Staff Reports	Kroc Gives $1.5 Billion to Starvation Army	Toyota Passes Ford to Become Number 2
Peak Oil	Electronic Pearl Harbor	Follow the Money: Center for Public Integrity tracking campaign dollars
Working Poor in the United States	Jobs created mostly temps (FT)	Outsourcing is not the main cause of job losses
Justice Department Prison Statistics	GM to SpeedUp Outsourcing	WalMart, Exxon, Then GM in Fortune 500
Monopolist Gates Convicted Again By Europe	Greenspan Whistles Past Debt Graveyard	Gateway Shuts Down
500,000 Mexico Jobs Lost to Capital's Rush for Cheaper Labor	Big splits and minor tactical differences	60% of corporations did not pay taxes
China: Workers Vs the not-so-Red Army	China's Imperial Goons: Speed Up to Join The Global Market	China overheating, headed for a crisis? (BW)
Rouge Rebuilt for Productivity	Greenspan: $500 Billion Budget Deficit Not So Good	CBSMarketWatch: 10 deficits to topple U.S. economy
Ford's Deadly Pinto	Boss of United Way off To Jail	The Rich Use the Government Like A Vending Machine
How The GOP Seduced The AARP Racketeers into Buying the Medicare Sellout	Strong to Pay $60 Million in Mutual Fund Inquiry	Poor? Sell Your Kidney.
Ex-Rite Aid Chief Gets 8-Year Prison Term	Citigroup Agrees to Pay $70 Million to Settle Lending Inquiry	Petco Criminals Abuse Animals, Cheat the Public
Mackinac Bosses Address Health Care Crisis	GM and Ford Slaves in China will have NO Unions	Ford and GM China Imperialism Promises Overproduction
2004 Senate Report on Ullico Corruption	Recent Layoff Rate Was Highest Since Early 1980's	Treasury Reports Record $395 Billion Deficit
Selloff Of Industral America Speeds Up	Older Investors Jittery as U.S. Markets Disappoint	Michigan Jobs Base Collapses
What is Wrong With Accounting? From the Nation, 1939	Rubin: Dollar Decline Could Accelerate	LA Times: Falling Dollar Could Lead To Fiscal Crisis
China makes dollar suffer more (FT)	Why the dollar is giving way (Business Week)	Dark Clouds for World Economy
Ford and GM Sales Collapse in 2004	Robert Reich: Dump Dollars Buy Gold	Quo Vadis: Economic Collapse?
Delphi Lays off 8500 as Auto Makers Cut Production	Criminal Abramoff To Jail


Enron Enron and George Bush Bush and Enron: Joined at the Hip Enron Auditor Trashed Files/Bosses Sought Bushite Help Letter to Enron Boss on Accounting Scam Anderson Fires Account Exec for Ordering Shredding The Genius of Capitalism at Work, Bush and Enron No Taxes For Enron and Other Billionaires Congressional Investigators Took Enron Money Bush/Enron/$2.5 Billion From India Andersen Top Bush Donor Bush Stonewalls on Enron Meetings Enron: Fixing Prices Enron: Keep Right on A'shreddin' Enron Sleeping with Calpers Powers Report on Enron Enron in India by A. Roy Enron Suicide Feared Investigators The Enron Lies Pile Up (2-8-02) Houston Press Covered for Enron Global Crossing Boss Grabs Millions As Company Sinks William Greider on Capital and Enron 2-02 Nation Special Edition on Enron 2-02 Enron and Education Enron Was Buying Gore Too Monthly Review on Enron Enron and the California Energy Crisis Enron is No Fluke Enron Bosses: Bonuses for Cheating The Enron/Cheney Taliban Connection Enron Paid Taliban, Via CIA, For Pipeline Enron Suicide Speaks from the Grave, Denounces Boss Army Hack/Enron Boss, Helped Loot the Company Anderson Shredder Pleads Guilty and Turns Coat Enron Made Money off its Dead Peasants Enron Rigged Calif Energy Crisis Californians: We Have the Smoking Enron Gun Enron execs looted company prior to bankruptcy 250,000 Jobs Vanish in Mexico's Maqui Plants Enron Bosses Hid Profits During California Crisis Clinton's Government as a Shill for Finance Capital Blundering SEC Charges WorldCom as Financial Perfect Storm Builds Bankers Were Onboard Enron's Titanic Vivendi Unravels Stocks Dive Below 9000, Cheney Sued Thieving Execs Charged Ex-Executives Say Sham Deal Helped Enron ENRON CRIMINAL COPS A PLEA--RATS OUT PALS Former Enron CFO Charged With Fraud Enron's California Thief Pleads Guilty Enron Criminal Pleads Guilty Enron: Taxes are NOT Us JP Morgan and Citibank Cop a Plea on Enron Deregulation: Mother of Blackouts Enron Bosses Knew they Were Looting CA. Tapes Reveal Enron Execs Schemed Crisis More Enron Tapes More Gloating Enron Traders on Grandma Millie and Making Out Like Bandits Enron Con and the Clintonites Enron gouged Western customers for at least $1.1 billion, public utility says Bush Pal, Ken Lay, Finally Indicted for Enron Crimes Jury Convicts 5 Involved in Enron Deal With Merrill Supreme Court Reverses Arthur Andersen's Conviction Enron Settlement Sellout Proposed Enron Settlement Would Seal Some Documents Enron Chiefs Guilty of Fraud and Conspiracy Ken Lay Improves Planet, Leaves; Family Tries to take His Stolen Loot NYTimes Obsequious Editorial on Dead Kenny Boy Gangster Fastow Gets Slap on Wrist for Enron Crimes Judge Revokes Lay's Conviction. Ruling Rankles Enron Workers, Investors Enron’s Skilling Is Sentenced to 24 Years Enron Accountant Gets Time for Fraud

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Revised November 27, 2010

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Number of People Living in Poverty in U.S. Increases Again