Hu Jintao to Visit Struggling Ally Cuba Source: The New York Times
China's President Hu Jintao travels to Cuba on Monday for a close-up look at the government of new President Raul Castro, a fellow communist struggling to lead his island nation through the devastating effects of three hurricanes and the international financial crisis.
Iceland Announces Russian Loan, Nationalizes Bank Source: The New York Times
Iceland nationalized its second-largest bank Tuesday under emergency legislation and said it was negotiating a 4 billion-euro ($5.4 billion) loan from Russia to shore up the nation's finances amid a full-blown financial crisis.

It all trickles up anyway. Is the economy not like a food chain, in which the bottom...the plankton...is the money of individuals? If the plankton isn't there, no one eats. Of course, neither will the sharks in the end. It filters/trickles up no matter what.I'm not a communist.
As Gas Prices Soar, Elderly Face Cuts in Aid Source: The New York Times
The NYT reports: Faced with soaring gasoline prices, agencies around the country that provide services to the elderly say they are having to cut back on programs like Meals on Wheels, transportation assistance and home care, especially in rural areas that depend on volunteers who …
The world food crisis and the capitalist market--Part OneSource: World Socialist Web Site
WSWS reports: As the June 3-5 Conference on World Food Security of the United Nations' Food and Agriculture Organization (FAO) began in Rome, FAO Director Jacques Diouf said of the explosion of food prices: "It is touching every country in the world.