Vol. 77/No. 3 January 28, 2013
January 29, 1988
Washington and the military rulers of South Korea are using the Olympic Games, scheduled to be held this summer in Seoul, as part of an aggressive campaign to isolate the regime in North Korea. In 1981, the International Olympic Committee selected the South Korean capital as the site for the 1988 games. This was a provocative move, directed particularly at the government of North Korea.Korea has been a divided country since the end of World War II, when Japanese colonial rule collapsed and U.S. military forces occupied the southern part of the country. After military conflict began in 1950, the U.S. government launched a full-scale war to support the capitalist regime in the south and reestablish capitalist rule in the north. Despite bombing raids that devastated the entire country the U.S. aggression failed.
January 28, 1963
As East Coast longshoremen go back to work after a month long strike they have temporarily staved off an employer offensive against the size of their work gangs and won a 24-cents-an hour wage increase. But on the basic problem of job security no progress was made. This is an acute problem because there are more longshoremen than jobs—a situation which is steadily getting worse.The strike began over demands by the New York Shipping Association, representing firms from Maine to Virginia, for a reduction of work gangs from 20 to 17 men and other work-rule changes connected with machines replacing men.
Under the weak “seniority” system prevailing on the East Coast and with the already adverse man-job ratio in the industry, such changes would cut off thousands of longshoremen from a livelihood and impoverish others.
January 29, 1938
There has been much talk about the current economic decline being a temporary recession. If this is indeed a recession, it is deeper than any depression America has had during the present generation, excepting only the depression of 1929-1933. It is also the best evidence of the bankruptcy and decline of American capitalism.The severity of the current decline can best be seen by comparing it with that of 1929. Within the past four months, the New York Times index of business activity has fallen twenty-seven points. This drop is far worse than the one that followed the stock market crash of 1929, when it took five months for business activity to drop only one-third so far. The ten-point drop of 1929 was followed by a slight upward movement which broke the steepness of decline. The present fall is straight down, without the slightest sign of any pause.
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