American corporations made their big bucks mostly by reducing their costs. They push wages down because most workers no longer have any bargaining power when it comes to determining pay.
Whether through intention or ignorance, lower wages or another unsustainable bout of speculation are the logical consequence of the bi-partisan commitment to austerity that now rules Washington.
Whether through intention or ignorance, lower wages or another unsustainable bout of speculation are the logical consequence of the bi-partisan commitment to austerity that now rules Washington.
Matteo Renzi, the new young leader of the Democratic Party, has pledged a sweeping turnaround in the political landscape, but the unresolved problem for the Italian left is the relationship with the eurozone's dreadful policies.
An European research shows that the restrictive measures of each country impact, not only on himself, but also on the others, and bounces on the country itself. The conclusion is that the entire line of the fiscal compact that must be changed.
