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Democracy Now! stories, posts and pages that relate to U.S. Economy

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    As a strike by 45,000 Verizon workers approaches the two-week mark, the company’s customers are beginning to feel the impact on its services. Consumers are reporting significant delays in booking Verizon technicians to fix and install landline telephone, internet and cable television services. The strike was called after Verizon pushed for the workers to accept far-reaching concessions, including a pension freeze and fewer sick days. The...
    August 19, 2011 | Story
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    Telecom giant Verizon has threatened to suspend benefits to 45,000 striking workers if they do not return to work at the end of the month. The strike was called after negotiations after Verizon sought to cut health and pension benefits and obtain more leeway to fire workers. The strike is "the most important labor battle going on today," says Democracy Now! co-host and New York Daily News columnist Juan Gonzalez. "We’re...
    August 18, 2011 | Story
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    Vice President Joe Biden arrived in China yesterday to begin a five-day trip aimed at reassuring leaders there of the stability of the U.S. economy and to begin building a relationship with that country’s most likely next president, Xi Jinping. The visit to the largest foreign creditor to the United States falls right after the downgrade of the U.S. credit rating by Standard & Poor’s, and just days after the Financial Times reported...
    August 18, 2011 | Story
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    Democracy Now co-host, Juan Gonzalez, reports in the New York Daily News that on the 10th day of the most important labor fight in America, hundreds of striking Verizon workers have vowed to stay out as long as necessary.
    August 17, 2011 | Columns & Articles
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    We speak with a former evangelical Christian, Frank Schaeffer, whose father’s writings and work played a key role in the religious development of Republican presidential candidate Michele Bachmann. Frank Schaeffer recently wrote an article titled "Michele Bachmann Was Inspired by My Dad and His Christian Reconstructionist Friends — Here’s Why That’s Terrifying." Schaeffer’s father was Francis Schaeffer, one of...
    August 17, 2011 | Story
  • Play_debt
    The bipartisan "super committee" tasked with finding a way out of the U.S. debt crisis has been established, but what can we expect? On Thursday, House Democratic leader Nancy Pelosi named the final three members to the 12-person panel, split evenly between Democrats and Republicans. They will have until November 3 to recommend a plan to cut $1.5 trillion from the deficit over 10 years. We speak with Robert Borosage, founder and...
    August 12, 2011 | Story
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    Some 45,000 workers at Verizon have entered their fifth day on strike after negotiations between Verizon and two unions representing the workers broke down when the company attempted to cut health and pension benefits for workers and make it easier to fire workers. The workers on strike are employed in Verizon’s fixed-line division covering landline phones, DSL internet, FiOS, cable TV and internet. Workers at Verizon Wireless are not...
    August 11, 2011 | Story
  • Play_poverty_tour
    The veteran broadcaster Tavis Smiley and the author and Princeton University Professor Cornel West are in the midst of a 15-city, cross-country trek they have dubbed "The Poverty Tour: A Call to Conscience." The tour comes on the heels of last week’s deficit agreement, which has been widely criticized for excluding a tax hike on the wealthy, as well as any measures to tackle high unemployment. "Any legislation that...
    August 09, 2011 | Story
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    Republicans have agreed to a vote today on a budget plan they say will cut the deficit $917 billion over 10 years. The move sets the stage for a showdown against unified Democratic opposition in the Senate and threats of a White House veto. To discuss the debt talks and economic austerity worldwide, we’re joined by Richard Wolff, Emeritus Professor of Economics at University of Massachusetts Amherst and author of several books, including...
    July 28, 2011 | Story