The US Congress and the White House seem set to finalise an emergency $15 billion short-term loan to keep the General Motors (GM), Chrysler and Ford car companies afloat.
News that the US economy has been in recession for a year will come as little surprise to millions of Americans facing job losses and home repossession.
US president-elect Barack Obama has put forward a "stimulus" package for the US economy that makes chancellor Alistair Darling’s pre-budget proposals taste like weak milky tea.
Millions of people around the globe celebrated last week as Barack Obama won the US presidential election, turfing George Bush’s hated regime out of the White House.
The widespread exhilaration at Barack Obama’s victory will be tempered by fear that his administration will not make the radical changes that so many are demanding.
Some of the names being touted for Barack Obama’s cabinet show the twin pressures faced by the new president. Many people will find little comfort in his selections.
Jim Baldridge – Vietnam Veterans Against the War, Baltimore
‘I went with a busload of union members from Maryland to Richmond, Virginia, to support the Obama campaign.
Millions of people are celebrating across the world today after Barack Obama was elected as the first black president of the United States – a momentous achievement in a country with a long history of entrenched and vicious racism.
The people of the US were heading to the polls to vote for their new president as Socialist Worker went to press. All the early indications were that Barack Obama, the Democratic candidate, is set to sweep aside his Republican rival John McCain.
