US to Pay Taliban to Switch Sides
By BBC
Although $1.3bn (£691m) has been authorised for the fund as a whole, no specific sum has been allocated to the re-integration programmes, our correspondent says. The Senate Armed Services Committee chairman, Senator Carl Levin, has said he envisages the money being used to pay former Taliban fighters to protect their communities. Continue
Obama Turns to the Financial Elite for Campaign Cash
By Bill Van Auken
Under conditions of growing unemployment and deepening social misery for working people throughout the US, President Barack Obama flew into New York City Tuesday to raise millions of dollars in campaign donations from America’s financial elite. Continue
Is Capitalism on the Ropes?:
Interview with Michael D. Yates and Fred Magdoff
By Mike Whitney
Corporate America began to wage what turned out to be a one-sided war against working people in the mid-to late-1970s, when it became apparent that the post-World War Two "Golden Age" of U.S. capitalism was over. Continue
Dairy farmers tell lawmakers of crisis:
Prices have fallen amid plunging consumer demand. At a Senate Agriculture Committee hearing, talk of a solution centers on shipping milk and other dairy products to developing countries.
UK: Government to break up the banks:
Lloyds, Royal Bank of Scotland and Northern Rock will be broken up and parts of their businesses sold off to create three new banks, it emerged last night.
Worsening job picture fuels slide in confidence:
On Tuesday, the figures showed that shoppers have a grim outlook for the future, The Conference Board said, expecting a worsening business climate, fewer jobs and lower salaries.
Mortgage applications slide: Mortgage Bankers Association says demand for home loans waned last week, even as 30-year rate eased closer to 5%.
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