liquidation

Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers

Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers

November 20, 2018

Executives of Sears stand to gain up to $1 million in bonuses, should Sears be liquidated, and $500,000 if it’s restructured. Meanwhile, ordinary workers at Sears are being laid off without severance payments. Bill Black talks about how US bankruptcy law is rigged to favor executives

Russia Moves Towards More Political Repression

July 22, 2013

Aleksandr Buzgalin: Western media focuses on Putin’s repression of pro-Western opposition but ignores workers and civil society fighting for social, economic and democratic rights

Euro-Crisis Used to Destroy Social Contract

January 18, 2013
Michael Ash: German bankers can be ruthless bill collectors, wild speculators, social planners and austerity hawks but they seem to ignore the damage they are doing to Europe