NEWS RELEASE
October 22, 2008
The local economy is starting to get its share of the International Labor Organization's projected 20 million global jobs loss by next year according to the Ecumenical Institute for Labor Education and Research, Inc. (EILER).
EILER will be holding a forum for workers entitled, "Krisis sa Pinansya at ang Epekto kay Juan Obrero" this October 2, 1 pm at the Cathedral of St. Mary and John, Trinity University of Asia, E. Rodriguez, Sr. Ave., Quezon City.
PRESS RELEASE
27 Septermber 2008
The Ecumenical Institute for Labor Education and Research, Inc. (EILER,Inc.) today expressed apprehension that the global financial crisis will ultimately affect ordinary workers.
EILER Executive Director Paul Quintos said, "Unfortunately, massive credit losses and asset write downs don't just affect financiers. Indeed, it is the ordinary working people, both globally and locally, that will bear the brunt of its devastating consequences."
Praymer ng EILER
24 Setyembre 2008
Mabilis na bumubulusok ang ekonomya ng US at buong pandaigdigang sistemang kapitalista. Dumaraan ito ngayon sa isa sa pinakamatitinding krisis pampinansya mula pa noong panahon ng Great Depression noong dekada 1930.
Paul L. Quintos
Executive Director
EILER
20 September 2008
The worst crisis since the Great Depression
"The world economy has entered new and precarious territory", opens the latest World Economic Outlook published by the International Monetary Fund (IMF) last April 2008. It describes the current financial crisis that erupted in August 2007 as "the largest financial shock since the Great Depression, inflicting heavy damage on markets and institutions at the core of the financial system."
