Stock Market Plunge in Asia Worries Capitalists
• AUSTRALIA$2.00 • BELGIUM BF60 • CANADA$2.00 • FRANCE FF10 • ICELAND Kr150 • NEW ZEALAND $2.50 • SWEDEN Kr12 • UK £1.00 • U.S. $1.50 INSIDE U.S. rail crashes force government investigation THE -PAGE 10 A SOCIALIST NEWSWEEKLY PUBLISHED IN THE INTERESTS OF WORKING PEOPLE VOL. 61 NO. 31 SEPTEMBER 15, 1997 SWP leader: Stock market plunge in JOln• • actzons• Asia worries capitalists around Thailand 'bailout' means austerity for workers AFL-CIO • BY NAOMI CRAINE conventzon Two months after the Thai government was forced to devalue the baht, there is no Workers push back antilabor laws in Argentina BY DIANA NEWBERRY end in sight to the currency crisis that has AND TONY DUTROW swept countries through much of Asia. In PITTSBURGH -"Labor is Back" is the the week that ended August 29, Malaysia's theme of a series of mass actions and meet stock market dropped 11 percent, Thailand's ings during the AFL-CIO convention that fell 10 percent, Indonesia's 14 percent, the will take place here September 21-25. Philippines' 17 percent, and Hong Kong's A leaflet calling these activities states, 8 percent. Stock markets throughout the re "Thousands of delegates from all over the gion continued their plunge September 1, country and unionists from around the world including in Hong Kong, Japan, south will come to town. There will be rallies, Korea, the Philippines, Indonesia, Taiwan, commemorations of historical labor events, and Thailand. exhibits, programs, a huge street party, and The tremors have been felt on Wall Street, a community-labor teach-in." The leaflet as well as in Tokyo, Sydney, and other was issued by the Pittsburgh Community imperialist centers around the world, fueling Labor Planning Committee and the AFL the stock market roller coaster of the last CIO Labor Councils of Allegheny, Beaver, couple months.
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