An earthquake in central Chile has killed more than 140, authorities say, and triggered both a tsunami and a declaration of a “state of catastrophe.” Chilean President Michelle Bachelet warned that there would probably be more deaths and more aftershocks.
The most explicit anti-capitalist analysis of the U.S.‘s proposed bailout of major finance firms is not domestic, but rather international. A cadre of left-leaning leaders in Latin America is ramping up criticism of Bush’s crony capitalism, arguing that the U.S. economic crisis was caused by the driving logic of American imperialism: fast money at the expense of the poor.