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2010-09-01
Study: CEO Compensation Totaled $598 Million At The 50 Companies That Laid-Off The Most Workers

Peak Oil And The German Government - Military Study Warns Of Potentially Drastic Oil Crisis

Mystery Over Russian General Found Dead On Turkish Beach

Internet Freedom - Will Russia's Bloggers Survive Censorship Push?

Life In Baghdad's Slums - Fighting to Survive In Sadr City

Moral Bankruptcy At HSH Nordbank - Investigators Look At Frameup And Iniquity At German Bank

Study: Illegal U.S. Immigration Has Slowed Considerably

Inquest Told MI6 Employee's Body Was In Padlocked Bag

Report Claims Andy Coulson, Prime Minister's Media Adviser, Discussed Hacking Phone Calls

Ferrari Recalls 458 Italias After A Spate Of Fires

Probe Of Alyeska Pipeline Spill Uncovers Troubling Pattern

Defiant Dick Fuld Blames False Rumors And The Fed For Lehman Bros. Collapse

U.S. Toll Rising In Afghanistan, 22 Soldiers Killed Since Friday

Charity Oxfam Hit By Fatal Bomb As U.K. Deputy Prime Minister Visits Troops In Afghanistan

Gov. Schwarzenegger Tells Top California State Officials To Stop Hiring

Australian Economy Surges 1.2 Percent In Second Quarter

Police: At Least 1 Hostage Taken At Discovery Channel Headquarters

U.S. Sen. Murkowski Concedes Primary Election Race To Miller

2010-08-31
U.S. Salmonella Scare: Farm Inspections Reveal Manure, Mice And Maggots

U.S. Warns East Coast To Brace For Impact Of Hurricane Earl

Commentary: The Sarrazin Debate - Germany Is Becoming Islamophobic

Commentary: The Sarrazin Debate - Germany Is Becoming Islamophobic

Hell On Earth - The U.N. Documents Congo's Bloodbath

Baghdad On High Alert As U.S. Officially Ends Combat Mission

Mexico Seizes 'La Barbie', Drug Lord Infamous For Beheadings

Greenland's Prime Minister Lambasts Greenpeace For Raiding Arctic Oil Rig

Interview With Ex-CIA Agent Michael Scheuer - 'Only The Taliban Are Not Corrupt'

'I Did Nothing Wrong' - German Gulag Prisoners Recall Their Ordeal

Stock Investors Brace For Another Ugly September

Four Israelis Shot Dead Near Jewish Settlement On Eve Of White House Talks


Popular Rage Grows As Global Financial Crisis Worsens
2009-02-10 20:25:44 (81 weeks ago)
Posted By: Intellpuke
(Read 1572 times || 0 comments)
As the global economic crisis deepens, tempers around the world are getting shorter. French and British trade unions are organizing strikes, Putin is sending troops into the streets and Beijing is trying to buy itself calm.

In the cabinet of French President's Nicolas Sarkozy, there was talk of a "Black Thursday," and from Sarkozy's perspective, that was exactly what Jan. 29, 2009, turned out to be. Schools were closed, and so were railroads, banks and stock markets. Theaters, radio stations and even ski lifts were shut down temporarily. Trash receptacles were set on fire in Paris once again, and a crowd gathered on the city's famed Place de l'Opéra to sing the "Internationale," the anthem of revolution.

The global financial crisis has already reached France, bringing business failures, mass layoffs for some workers and reduced working hours for others. On that infamous Thursday, it drove up to 2.5 million people into the streets, in cities from Marseilles to Brest and Bordeaux. The situation was not like in May 1968, when France was in a state of emergency. Nevertheless, the country's unions called the demonstrations "historic," characterizing them as the most important protest movement to date against the current French president.

Paris is not the only place plagued by unrest. Across the English Channel in Britain, workers protested at a refinery near Immingham in Lincolnshire, triggering solidarity strikes in 19 other locations in the United Kingdom. The demonstrations became a symbol for the fears of the British lower classes, because the country - according to the International Monetary Fund - faces the worst downturn among all highly developed economies. Prime Minister Gordon Brown's approval rating is following the decline of the British pound.

In Russia, dismal labor statistics have driven Communists and anti-government protesters into the streets from Pskov to Volgograd in recent days, and in Moscow members of the left-wing opposition even ventured onto Red Square. They ripped up pictures of Prime Minister Vladimir Putin, until police arrested and removed them.

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