In 2007 and 2008 the US housing market almost completely collapsed. The crisis was brought about by a combination of state- and market failures that intensified each other. Extensive deregulation and violation of the liability principle were jointly responsible.
Unions representing nearly 40,000 Verizon workers have announced plans to hit the picket lines on April 13, in what would be one of the largest strikes in the U.S. in recent years. The workers, members of the Communication Workers of America (CWA) and International Brotherhood of Electrical Workers (IBEW), are fighting aggressive attacks on their compensation, job security and more--carried out by a corporation that is raking in the profits, but won't be satisfied until it breaks the power of their unions.
On April 1, police opened fire on indigenous and rural poor protesters who were blocking the highway into Kidapawan in the landlocked province of Cotabato on the island of Mindanao, killing three protesters and injuring at least 116.
As Congress introduces legislation to address Puerto Rico's financial crisis, San Juan's Catholic Archbishop is inviting prayers that all "work together to find a solution to the crisis that respects the rights and dignity of all sides."