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Brett Hanson has joined PumpMan as the new general manager of Pump Systems.

Forty years since the PATCO strike: Part one “ The ruling class considers the destruction of PATCO as inseparable from its overall capitalist policy of defending the profit system with a program of unrestrained militarism internationally and savage austerity for the working class within the United States.”—Bulletin On August 3, 1981, 13,000 members of the union of air traffic controllers in the US—the Professional Air Traffic Controllers Organization (PATCO)—went out on strike against their employer, the Federal Aviation Administration (FAA). For years, employment levels and safety...

A “storm” swept through the US government bond market on Friday, sending a key measure of long-term borrowing costs to the highest level since last February. Treasuries dropped in overnight trading after a large sale of long-dated bond futures in Asia, according to people familiar with the matter. Yields on the benchmark 10-year note, a key marker across global asset markets, jumped to 1.63 per cent, having traded around 1.53 per cent the day before. Analysts said the scale of the move underscored how jittery the $21tn market had become against the backdrop of a more robust economic rebou...

ANALYSIS/OPINION: The farther and faster any of us ventures through this mortal life, the clearer it becomes that human problems don’t really ever dissolve, they just on take new forms. Debates, however crisp and fresh they seem initially, tend to repeat themselves. Think Groundhog Day.   What a distinct advantage, all this being the case, to have the experienced and lucid Donald Devine as a guide to the newest phase of the unending argument over capitalism’s moral properties. No sooner do we think we’ve settled this business to general advantage (cf. Milton Friedman and F.A. Hayek) th...