Salon Home

David Moberg

Thursday, Jul 29, 1999 4:00 PM UTC1999-07-29T16:00:00Zl, M j, Y g:i A T

Is Korea climbing back from economic collapse?

Strikes and Daewoo's near-bankruptcy undermine its political and financial turnaround.

As South Korea continues its shaky climb back from the economic collapse of late 1997, widespread strikes combined with a stock market rebound tell the two sides of the country’s story of recovery.

Until last week, soaring share prices have seemed to signal the beginning of the end of the economic disaster that hit Korea in November 1997, as foreign capital fled and the International Monetary Fund imposed harsh conditions for aid. The fragility of that rosy scenario became evident on July 19, when Daewoo — one of Korea’s biggest conglomerates — narrowly avoided bankruptcy by pledging $8.6 billion in assets to persuade lenders to roll over debts it could not pay. Daewoo’s crisis spread to the financial sector, then led Korea’s stock market to plunge by more than 10 percent in two days.

Yet even as pundits were cheering the earlier stock run-up and forecasts of as much as 7.5 percent growth for this year, strikes since late April at subways, hospitals, auto plants, television networks and many other workplaces tell a different story.

Continue Reading
Tuesday, Jul 26, 2005 4:30 PM UTC2005-07-26T16:30:00Zl, M j, Y g:i A T

Divorce, labor style

The breakup of the AFL-CIO may turn out to be a good thing, especially for workers.

News

With the Service Employees and Teamsters unions leaving the AFL-CIO at its convention in Chicago on Monday, taking away nearly a quarter of the federation’s members and dues, the months-long debate over strategy for the labor movement finally turned into a full-fledged fracture. Two other unions are boycotting the 50th anniversary of the labor federation’s founding merger, and there’s a good chance for at least two more defections from the federation in the coming months.

As one of their major constituencies unravels, Democratic politicians are worried — and with good reason. But even if it’s obviously not good news for Democrats, the split might turn out to be a manageable problem, maybe even delivering some benefits in the long run.

Continue Reading
Tuesday, Oct 26, 2004 8:51 PM UTC2004-10-26T20:51:00Zl, M j, Y g:i A T

Battleground: Iowa

They sparked Kerry's comeback in the primary season. Will Hawkeye State voters now put him in the White House?

Battleground: Iowa

Lloyd Pratt, owner of a fledgling Web design business, feels no affinity to either political party. At age 38, he has never voted before. But this year? “Most definitely, oh yes,” he said, pausing from repair work on his home in a modest neighborhood of this Mississippi River town. “I totally disagree with the way Bush has managed our country.”

Pratt, wearing a black Harley-Davidson T-shirt, ticked off a litany of reasons for his decision to plunge into electoral politics. First, he objects to the war in Iraq, undertaken simply to avenge President Bush’s father, he believes. “Bush lied to the country and killed thousands, and nobody is talking of impeachment?” he said incredulously. “In my opinion, it’s murder. He should have gone after the person who attacked our country.” And by spending money on the war, Pratt said, the government has neglected needs at home, like healthcare. His wife, who runs her own small business, has had cancer, and neither can afford health insurance. Now they also worry about paying rising heating bills as winter approaches. The Bush tax cuts “didn’t do me a lick of good,” Pratt said, and Bush’s “trickle-down” economic policies have meant that “it’s impossible for us to operate our businesses. Nobody wants to spend money on new products.”

Continue Reading
Thursday, Oct 7, 2004 9:34 PM UTC2004-10-07T21:34:00Zl, M j, Y g:i A T

On, Wisconsin!

The election ground game in the Badger State is a grinding door-to-door battle for every vote.

On, Wisconsin!

In the presidential battleground state of Wisconsin, West Allis is a political free-fire zone where a guerrilla campaign is being waged house to house. In this old, inner-ring suburb of Milwaukee, George W. Bush beat Al Gore in 2000 by just 184 votes out of 29,050 cast — and some precincts were split precisely in half. West Allis is still starkly divided, and no issue is more divisive than the war in Iraq.

The suburb’s residents are largely aging, white, working- and middle-class families, many of whom have bumped through long layoffs and wrenching job changes as global economic forces and unsupportive public policies have roiled the highly skilled manufacturing industries of southeast Wisconsin. While their economic interests and worries may tilt them toward the Democrats, concern about taxes, social conservatism (especially opposition to abortion) and now anxieties about war or terrorism tilt many to the Republicans.

Continue Reading
Tuesday, Mar 2, 2004 1:16 AM UTC2004-03-02T01:16:00Zl, M j, Y g:i A T

In Ohio, the war has already begun

Super Tuesday might not bring much drama in the Buckeye state, but labor and other groups are mobilized for a fierce fight to defeat President Bush in November.

One clue to the outcome of the November presidential election could be found last Thursday afternoon on the east side of downtown Cleveland, in the windowless cubicle of a modest blue and gray storefront just across from the Board of Elections building. There were eight union members sitting in front of computers and telephone auto-dialers, talking into their headsets as they urged fellow unionists to vote for John Kerry in Tuesday’s primary election. But the significance of this operation was not so much its boost for Kerry as what it reveals about a much broader campaign — extending beyond the labor movement — to block President George W. Bush from winning a second term no matter who the Democratic candidate might be.

Continue Reading
Sunday, Feb 8, 2004 6:33 PM UTC2004-02-08T18:33:00Zl, M j, Y g:i A T

Big wins, hidden dangers

John Kerry dominated Michigan and Washington on Saturday. But will it be possible to please both big industrial unions and environmentalists?

Big wins, hidden dangers

A steady stream of Democrats flowed into the caucus sites in Greenville, Mich., on Saturday, and when the polls had closed, the voters in this economically anxious small town of north central Michigan shared the strong consensus of voters from all parts of the state: Massachusetts Sen. John Kerry would be the best candidate to take on President George W. Bush in the fall.

“There were lots of anti-Bush comments and anger all day,” said the Rev. Vince Lavieri, chairman of the party in Montcalm County, where Greenville is located. “But everybody seemed upbeat. They seemed to be thinking, now we’re getting this process going. We’re beginning to do something.” Defeating Bush was clearly that something.

Continue Reading

Page 1 of 4 in David Moberg

Other News