Top Leaderboard, Site wide
September 1, 2014
Truthdig: Drilling Beneath the Headlines
Help us grow by sharing
and liking Truthdig:
Sign up for Truthdig's Email NewsletterLike Truthdig on FacebookFollow Truthdig on TwitterSubscribe to Truthdig's RSS Feed

Newsletter

sign up to get updates


Truthdig Bazaar
Appetite for Self-Destruction

Appetite for Self-Destruction

By Steve Knopper
$19.76

more items

 
Tags

Tag: Austerity


1000 Words / Shutterstock.com

Neo-Liberal Austerity Keeps Europe Down

Given the current dismal state of the European Union economy, which is now firmly under German control, one must ask why Angela Merkel and her government continue to champion austerity, seemingly against all reason.

Posted on Aug 26, 2014 READ MORE



Spanish Police Arrest 24 in Madrid After Anti-Austerity Protest

Spanish police detained 24 people during street violence late Saturday after a large anti-austerity demonstration in Madrid in which dozens were injured.

Posted on Mar 24, 2014 READ MORE



Greek Austerity: Don’t Try This at Home!

Ironically, the very New Deal legacy that austerians work to euthanize in the U.S. is the chief thing that has prevented the country’s economy from completely crashing.

Posted on Feb 28, 2014 READ MORE


Monopoly’s Poster Children

Economist Michael Hudson talks about how the economic crisis, austerity, U.S. economic policy and decisions made by local political parties shaped Ireland’s economy.

Posted on Feb 17, 2014 READ MORE



The True Actor

Jacinto Lucas Pires’ award-winning novel, “The True Actor,” is the perfect illustration of writer Pedro Mexia’s statement: “Portugal is traveling through a black tunnel where the light at the end is merely a train about to crash into it.”

Posted on Feb 14, 2014 READ MORE



Congress Passes $8.7 Billion Food Stamp Cut

Across the country, 850,000 households are set to lose an average of $90 per month in food stamp benefits, thanks to American lawmakers.

Posted on Feb 6, 2014 READ MORE



Germany Prepares for Third Greek Financial Rescue

More austerity cuts are coming to Greece as Germany signals a plan to deliver a third rescue package for the debt-stricken country.

Posted on Feb 3, 2014 READ MORE



Iker Merodio (CC BY-ND 2.0)

Irish Compliance Yields Eurozone Bailout Exit

Three years after international lenders loaned Ireland $92.7 billion to recover from its part of the international economic crisis, the country is the first afflicted eurozone state to exit its rescue program.

Posted on Dec 14, 2013 READ MORE



Because: The English Language’s Newest Preposition

Linguists are recognizing that, thanks to the Internet, “because” has jumped from being a conjunction to a preposition; probiotics may help cure depression; meanwhile, if Europe’s austerity is an indicator of America’s future, neo-facism is on its way. These discoveries and more after the jump.

Posted on Nov 20, 2013 READ MORE



Google the Advertising Giant

Mostly due to revenue from ads, the Web firm will rake in $60 billion this year, making it bigger than both the newspaper and magazine industries; the hypocrisy of British Prime Minister David Cameron announcing extended austerity from a golden throne sickened more than one; meanwhile, The New York Times is losing talent left and right. These discoveries and more after the jump.

Posted on Nov 14, 2013 READ MORE



landmarkmedia / Shutterstock.com

David Cameron’s Surprise: Permanent Austerity

Back in 2010, the British PM began slashing the country’s budget on the promise that temporary cuts were necessary to reduce the deficit and right the economy. Another recession soon followed.

Posted on Nov 11, 2013 READ MORE



Shutterstock

Discredited Economic Theory Holds Europe in Deflationary Thrall

Why there is such iron fidelity to neoliberal austerity in the contemporary community of official, semiofficial and even academic economists? It can’t be that it works. It doesn’t work.

Posted on Nov 5, 2013 READ MORE



kevin dooley (CC BY 2.0)

The Bank Guarantee That Bankrupted Ireland

When the indomitable Irish spirit is awakened, organized and mobilized, the country could become the poster child not for austerity, but for economic prosperity through financial sovereignty.

Posted on Nov 2, 2013 READ MORE



woodleywonderworks (CC BY 2.0)

$5 Billion Cuts in Food Stamps Effective Friday

Charities and food activists have warned for months that the expiration of stimulus funds for food stamps Friday will affect every U.S. household that depends on them.

Posted on Nov 1, 2013 READ MORE



insane photoholic (CC BY 2.0)

Austerity Muzzles Wall Street Regulators

American austerity is finally having one of its deep, pernicious effects in the service of runaway capitalists—preventing government regulators from regulating due to inadequate funds.

Posted on Nov 1, 2013 READ MORE



Breast Milk Protein Fights HIV

Scientists have discovered why only a small percentage of babies contract HIV when breastfed by mothers who have been infected with the virus; Taiwan’s new police uniforms are extremely frightening; and David Petraeus is using his new position in academia to promote profiteering health care and fracking industries. These discoveries and more after the jump.

Posted on Oct 28, 2013 READ MORE



Neil T (CC BY-SA 2.0)

Did Austerity Kill a Little Girl?

As many government services remain unavailable, a bereaved father blames Philadelphia’s resource-starved school district for failing to save his asthmatic daughter’s life.

Posted on Oct 14, 2013 READ MORE



AP/John D. Carnessiotis

Death of Artist Unites Greek Hip-Hop Community Against Fascism

The stabbing of Greek rapper Pavlos Fyssas by a sympathizer of Greece’s most prominent extreme right party earlier this month has led to the arrest of the group’s leadership and the unification of once bitterly opposed rap artists against racism and violence.

Posted on Sep 30, 2013 READ MORE



Teknecolor (CC BY-NC-ND 2.0)

Greece’s Birthrate Decreases as Austerity Measures Increase

The number of live births has fallen by a whopping 10 percent in Greece in the last four years as the country suffers the worst economic conditions in the entire European Union, and continues to exercise austerity in order to receive loans from the likes of the European Bank and the IMF.

Posted on Sep 18, 2013 READ MORE



Duda Arraes (CC BY-ND 2.0)

Cries for Economic Independence on Brazil’s Independence Day

People protesting corruption, poor public services and a corresponding heavy tax burden disrupted a Rio de Janeiro military parade Saturday celebrating Brazil’s independence day. Five people were injured and 10 were arrested in the clash.

Posted on Sep 7, 2013 READ MORE



OhioProgressive (CC BY 2.0)

Are You Aware of These Secret Taxes on the Poor?

Local and state governments having a hard time making ends meet are “quietly taxing a group even more cash-strapped than they are: the poor,” writes Leah A. Plunkett at Salon.

Posted on Sep 6, 2013 READ MORE



Pensiero (CC BY-NC-ND 2.0)

Austerity Making It Harder to Cheat on Your Wife

Summer used to be the season of infidelity in Italy. Now, with the European Union enforcing strict measures as a result of the economic crisis, affairs are no longer so simple to maintain.

Posted on Aug 27, 2013 READ MORE



Joe Crimmings Photography (CC BY-ND 2.0)

Obama’s Master Class in Demagogy 101

The aim of the president’s Knox College speech on Wednesday was to wrap the economic program he has been working out with Wall Street investment bankers in democratic rhetoric. It was an exercise in political stealth.

Posted on Jul 27, 2013 READ MORE



AP/Kostas Tsironis

Ignoring the Social Costs of Austerity Is Dangerous for Greek Leaders

The financial governing authorities classed as the “troika” are obsessed with budget targets rather than human needs, and needs are what protests underway in Greece on Tuesday are all about, writes Helena Smith, Greek correspondent for The Guardian.

Posted on Jul 16, 2013 READ MORE



RL Hyde (CC BY-SA 2.0)

Not ‘A Shred of Evidence’ to Support Reinhart and Rogoff

The Harvard professors who led much of the Western world into austerity with their 2010 paper “Growth in a Time of Debt,” debunked in April by a University of Massachusetts grad student, have taken another hit, this time from two economists with the University of Michigan.

Posted on May 31, 2013 READ MORE



sdpurtill (CC BY 2.0)

Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery

Chicago Mayor Rahm Emanuel’s current attempt to close down 54 public schools largely inhabited by poor minorities is one more example of a savage, racist neoliberal system that uses the politics of austerity and consolidation to further disenfranchise unskilled youths in the inner city.

Posted on May 24, 2013 READ MORE



archer10 (Dennis) (CC BY-SA 2.0)

Hell on Earth for Greeks

Greek victims of austerity are increasingly being forced to sell their bodies for cheap in horrific squalor and to escape painful reality with a new street drug.

Posted on May 22, 2013 READ MORE



dev null (CC BY-SA 2.0)

How America Became a Third World Country: 2013-2023

The streets are much darker now, since money for streetlights is rarely available to municipal governments. The national parks began closing down years ago. Reports on bridges crumbling or even collapsing are commonplace. It’s 2023—and this is America 10 years after the first across-the-board federal budget cuts known as sequestration went into effect.

Posted on May 22, 2013 READ MORE


Economic Murder: How and Why Austerity Kills

Austerity has caused more than 10,000 suicides (including the married couple pictured above) and as many as 1 million additional cases of depression across Europe and the United States, economist David Stuckler and physician Sanjay Basu estimate. Those findings are discussed in their new book, “The Body Economic: Why Austerity Kills.”

Posted on May 21, 2013 READ MORE



Flickr/401(K) 2013

The Real Cost of Austerity

A new study paints a sobering picture of the negative consequences austerity is having on the U.S. economy (and shows once more that New York Times columnist Paul Krugman, a consistent voice against austerity, is right).

Posted on May 7, 2013 READ MORE



Screenshot

Krugman Exposes the Hypocrisy of Fiscal Conservatives

In his latest column for The New York Times, the Nobel Prize-winning economists notes that before President Obama took office in 2009, seven of the 10 previous presidents left the Oval Office with debt ratios lower than when they entered it. The three who did not: Ronald Reagan, George H.W. Bush and George W. Bush.

Posted on May 6, 2013 READ MORE



Nanagyei (CC BY 2.0)

The Hungry British Public

Neoliberalism and its brand of response to economic crisis, austerity—both legacies of the recently deceased former Prime Minister Margaret Thatcher—are creating a U.K. where one in five mothers regularly goes without food in order to feed her children.

Posted on May 6, 2013 READ MORE


Dam Austerity

Share
Posted on May 1, 2013 READ MORE



Capitol Hill image via Shutterstock

Earth to Washington: Repeal the Sequester

What is Washington doing to fix the economy? Worse than nothing. It has now adopted the same kind of austerity economics that’s doomed Europe—cutting federal spending and reducing total demand. And the sequester doesn’t end Sept. 30. It takes an even bigger bite out of the federal budget next fiscal year.

Posted on Apr 29, 2013 READ MORE


The Economic Whodunit

The policy mystery of our time is why politicians in the United States and across much of the democratic world are so obsessed with deficits when their primary mission ought to be bringing down high and debilitating rates of unemployment.

Posted on Apr 28, 2013 READ MORE



A Policy in Search of a Proponent

Now that the foundations of austerity are crumbling because of an Excel coding error, few may be willing to champion the economic theory; sci-fi may become part of the mandatory reading list for West Virginia students; meanwhile, flamenco has become more than a dance—it’s a new way to protest the banks. These discoveries and more after the jump.

Posted on Apr 24, 2013 READ MORE



west.m (CC BY 2.0)

Will the Harvard Austerity Error End Economic Sadomasochism?

“It seems unlikely,” anthropologist and author David Graeber writes. “After all, as I and many others have long argued, austerity was never really an economic policy: ultimately, it was always about morality.”

Posted on Apr 22, 2013 READ MORE


Massachusetts Economists Discredit Influential Austerity Study

Economists from the University of Massachusetts appear to have debunked a Harvard paper that right-wing politicians have used to push economic austerity policies. The challengers explain where the Harvard economists went wrong in an interview with The Real News Network.

Posted on Apr 19, 2013 READ MORE



Shutterstock photo of the euro.

A Right and Proper Death of the Euro

A new “Alternative for Germany” political movement has erupted as a backlash against the euro, and against Germany’s fellow members of the EU.

Posted on Apr 17, 2013 READ MORE



Image via Shutterstock

Why This Is the Worst Recovery on Record

The biggest economic debate is between Keynesians (who want more government spending and lower interest rates in order to fuel demand) and supply-side “austerics” (who want lower taxes on the wealthy and on corporations to boost incentives to hire and invest, and who see government deficits crowding out private investment). Both approaches have problems.

Posted on Apr 16, 2013 READ MORE



David Blackwell. (CC BY 2.0)

Austerity Inflicts Brain Drain on Greece

More than 100,000 unemployed professionals have left Greece amid a shrinking economy and a lack of jobs to seek better opportunities abroad in a trend that will dramatically impact the country for generations.

Posted on Apr 11, 2013 READ MORE



Flickr/401(K) 2013

The Stealth Sequester

So far, the much-dreaded “sequester”—some $85 billion in federal spending cuts between March and Sept. 30—hasn’t been evident to most Americans. Take a closer look, though, and many people are starting to feel the pain. They just don’t know it yet.

Posted on Apr 10, 2013 READ MORE



SparkNotes No More—Your Teacher Will Know

With e-books, educators can see whether you’ve skipped pages or even bothered to open your textbook; a Spanish study claims there will be fewer people living on earth in the next century than now; meanwhile, although Portugal’s government has failed to impose austerity, it’s now come up with equivalent replacement measures. These discoveries and more after the jump.

Posted on Apr 10, 2013 READ MORE



ssoosay (CC BY 2.0)

Where the Opposition Is Going

As austerity pushed by Britain’s Tory government whittles away jobs and benefits and increases poverty and despair, many Brits are asking where the resistance is. Journalist Laurie Penny knows: “There was resistance, and it was brutally and systematically put down.”

Posted on Apr 4, 2013 READ MORE



L'Orso Sul Monociclo (CC BY 2.0)

The Confirmed Insanity of Austerity

Austerity threw the 17 countries that use the euro back into recession in the third quarter of 2012. As a result, unemployment is expected to rise 12.2 percent, leaving half of young people in Spain and Greece without jobs, and public debts—the expressed target of the reductions—are growing as well.

Posted on Mar 19, 2013 READ MORE



Flickr/Tony Alter

Ryan’s Regressiveness Redux

Republicans lost the election but they still shape what’s debated in Washington—the federal budget deficit and so-called fiscal responsibility.

Posted on Mar 11, 2013 READ MORE


Obama and GOP Snow Angels

Share
Posted on Mar 10, 2013 READ MORE


GOP Austerity Swamp

Share
Posted on Mar 10, 2013 READ MORE



sillygwailo (CC BY 2.0)

Starbucks CEO Compels Workers to Do Political Bidding

The coffee company’s chief executive, Howard Schultz, conscripted “countless low wage workers into the austerity army” in asking his Washington, D.C.-area employees to promote the billionaire-backed Fix the Debt campaign by scrawling the words “Come Together” on customers’ cups.

Posted on Mar 5, 2013 READ MORE



Flickr/401(K) 2013

Austerity and the Threat to Democracy Around the World

The “sequester” is actually, of course, the American form of austerity, or cutbacks in government spending during a recession. Austerity, or stingy government in Europe has kept employment extremely depressed compared to what it would have been with government stimulus, as Paul Krugman argues.

Posted on Mar 4, 2013 READ MORE


View older articles:  1 2 3 >

View the most popular tags overall?

 
Right 1, Site wide - BlogAds Premium
 
Right 2, Site wide - Blogads
 
Join the Liberal Blog Advertising Network
 
 
 
Right Skyscraper, Site Wide
 
Join the Liberal Blog Advertising Network
 

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.