Portside

Since 1997, we have lived through the biggest real estate bubble in United States history — followed by the most calamitous decline in housing prices that the country has ever seen. Fundamental factors like inflation and construction costs affect home prices, of course. But the radical shifts in housing prices in recent years were caused mainly by investor-induced speculation. Previous events were fundamentally different from the recent housing bubble.

Unions have looked to the US for ideas about how to fight back. They adopted "The Organizing Model," an approach to organizing first developed by the AFL-CIO in the 1980s that is now a core principle in virtually every major labor organization in the US, Europe, Australia, and parts of Asia. While the shift to an "organizing" orientation is more than necessary, it is also less than sufficient to revive the labor movement and it's shortcomings have also become apparent.

Thousands take to streets to highlight pro-reform demands skirmish with security forces ahead of Formula One car race.

A team of economists at the Political Economy Research Institute (PERI) at UMass Amherst broke a huge story this week that was promptly picked up by the New York Times, the Washington Post, the Financial Times, and newspapers around the globe. The economists proved that the essential underpinning "of the intellectual edifice of austerity economics," as Paul Krugman put it, is based on sloppy methodology and spreadsheet coding errors.

Pension Funds, Egypt, Inequality, Torture Crimes and more...

Nurses - 'critical new revenue for such critical needs as jobs, healthcare, education, and the international fight against HIV/AIDS and climate change.'

The revelation that the family of the two suspects in the Boston Marathon bombings was from Chechnya prompted new speculation about the attack as Islamic terrorism. Less discussed was the history of U.S. neocons supporting Chechen terrorists as a strategy to weaken Russia.