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Bush End Game
George W. Bush's presidency since 2007

Bush - Second Term
George W. Bush's presidency from 2005-06

Bush - First Term
George W. Bush's presidency, 2000-04

Who Is Bob Gates?
The secret world of Defense Secretary Gates

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Behind Colin Powell's Legend
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Recounting the controversial campaign.

Media Crisis
Is the national media a danger to democracy?

The Clinton Scandals
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Nazi Echo
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The Dark Side of Rev. Moon
Rev. Sun Myung Moon and American politics.

Contra Crack
Contra drug stories uncovered

Lost History
America's tainted historical record

The October Surprise "X-Files"
The 1980 election scandal exposed.

From free trade to the Kosovo crisis.

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Wall St. Rally Masks Deeper Problems

July 28, 2009

Stock markets have rallied over the past several months, but New School economist Richard Wolff says Wall Street’s recovery masks more serious underlying problems.

Wolff says the improved corporate balance sheets have resulted more from laying off workers and reducing costs than in selling more products and raising revenues. Workers have been forced to make concessions, but that decreases chances for a healthy recovery, he says.

(The story summary continues below.)

More at The Real News

Wolff argues further that the painful recession has accelerated the pace of companies shedding employees, relying more on technology than manpower, and shifting production to low-wage areas overseas. He says what is needed is a new strategy for workers to gain a say on corporate boards. is an independent news network that produces stories of global interest. 

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