Last Updated: May 19, 2008
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Issue no. 822
Editorial
Editorial: Want lower oil prices? Stop speculation!
Pages 2-3
Running low on fuel over the ocean
Making inflation disappear – on paper!
Speculation: Financial products based on starvation
Delta-Northwest merger– new job cuts planned
Pages 4-5
Box: There are none so stupid as those who will not remember
Myanmar: The catastrophe is natural, the misery and dictatorship are not!
45 years ago in Birmingham: A turning point in the Civil Rights struggle
Chinese earthquake hits the poor harder than the rich
Pages 6-7
Riveting TV – The Wire: Seasons 1-5
American Axle strike: At a crossroads
Auto: Jobs bank no longer safe
Page 8
Corporations avoid paying taxes – and it’s legal
LA schools: Lead in the fountains
Delta-Northwest merger
– new job cuts planned
May 19, 2008
Delta and Northwest Airlines announced an agreement to merge.
There is plenty of history of past mergers to see what comes next: layoffs and wage cuts. The steel industry in the U.S. was cannibalized in this way by mergers.
With each merger, companies go into debt to bring it about. The merged companies push workers to work harder while dumping many of them. They use the threat of layoffs to extract concessions from the workers.
There is no rational basis for the airlines to lay people off at this time. There are more flights than ever, they’re fuller than ever, they’re constantly overbooked and there’s no slack between flights for delays or cancellations.
The only problem is the desire of a few wealthy people to accumulate still more money at the expense of those who do the work.




