Showing posts with label Austerity. Show all posts
Showing posts with label Austerity. Show all posts

Friday, 25 May 2012

Putting the "Union" back in "Union Station"

I’m pretty sure you’re not supposed to have a rally in Union Station in Toronto in the middle of rush hour. I’m pretty sure you’re not supposed to wear picket signs and hand out union flyers either. But there they were, Friday May 25, at 4pm – a good two dozen or so striking employees of CP Rail, members of the Teamsters, doing all of the above. The picket signs were big and bold, saying “Leave my pension alone,” and the picketers, instead of being thrown out, were being welcomed warmly by the VIA, GO and TTC employees who were in Canada’s biggest transit hub that day. Something had changed in Toronto since I was last here.

Tuesday, 26 July 2011

Debt crisis in the U.S. – the issue is warfare, not welfare

JULY 26, 2011 – As July came to an end, the United States central government had come up against its congressionally mandated debt ceiling. Without an agreement to raise that debt ceiling – last set at $14.3-trillion – the U.S. central government will be unable to borrow money to pay its bills. The consequences could be extremely serious – soaring interest rates, a collapse of the U.S. dollar, not to speak of social security stipends, pensions and salaries going unpaid.