|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By Elia Kazan
$19.80
By Carl Oglesby
$16.50
$21
|
|
|
|
Flickr/401(K) 2013
|
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
|
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)
|
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
|
|
Monte Wolverton, Cagle Cartoons —
Posted on May 1, 2013
READ MORE 
|
Capitol Hill image via Shutterstock
|
By Robert Reich — 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 
|
|
By E.J. Dionne, Jr. — 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
|
|
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)
|
“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
|
|
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.
|
By William Pfaff — 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
|
By Robert Reich — 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)
|
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
|
By Robert Reich — 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
|
|
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)
|
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)
|
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
|
By Robert Reich — 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
|
|
Daryl Cagle, CagleCartoons.com —
Posted on Mar 10, 2013
READ MORE
|
|
Adam Zyglis, Cagle Cartoons, The Buffalo News —
Posted on Mar 10, 2013
READ MORE
|
sillygwailo (CC BY 2.0)
|
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
|
By Juan Cole — 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
|
AP/stf
|
By Robert Reich — With the sequester now beginning, I find myself thinking about Robert F. Kennedy—and 46 years ago when I was an intern in his Senate office. 1967 was a difficult time for the nation. America was deeply split over civil rights and the Vietnam War. Many of our cities were burning. The war was escalating.
Posted on Mar 4, 2013
READ MORE
|
|
Scientists connected the brains of a pair of rodents—one in Brazil, the other in North Carolina—via computers; an Italian jeans maker has trademarked the word “Jesus” thus holding exclusive rights to clothes bearing Christ’s name; meanwhile, a police officer is on trial in New York on suspicion of planning to rape, torture and cannibalize women. These discoveries and more after the jump.
Posted on Mar 1, 2013
READ MORE
|
|
Tom Janssen, Cagle Cartoons, The Netherlands —
Posted on Mar 1, 2013
READ MORE
|
|
By Joe Conason — Indebted America is in danger of turning into destitute Greece, or so congressional Republicans and conservative commentators have been warning us for years now. For many reasons, this is an absurd comparison—but it may not always be quite so ridiculous if Washington’s advocates of austerity get their way.
Posted on Feb 28, 2013
READ MORE
|
|
A look at the day’s political happenings, including a prominent Republican’s endorsement of same-sex marriage and the fight over the looming sequester heats up on Twitter.
Posted on Feb 22, 2013
READ MORE
|
Eric Vernier (CC BY-SA 2.0)
|
Greeks are resisting a combination of government spending cuts and tax hikes—which some believe will result in an unemployment rate of 30 percent—imposed by international bailout creditors.
Posted on Feb 20, 2013
READ MORE
|
|
Ecuadorean President Rafael Correa responded to recession in his country with increased spending on education, health care and infrastructure, and the economy is rebounding fantastically.
Posted on Feb 19, 2013
READ MORE
|
|
A look at the day’s political happenings, including a Republican flip-flop on immigration reform and Chris Christie pokes fun at himself on “The Late Show with David Letterman.”
Posted on Feb 5, 2013
READ MORE
|
Gruenemann (CC BY 2.0)
|
By Steve Fraser, TomDispatch —
In 2013, you can’t actually be jailed for not paying your bills, but ingenious corporations, collection agencies, cops, courts and lawyers have devised ways to ensure that debt “delinquents” will end up in jail anyway. With one-third of the states now allowing the jailing of debtors (without necessarily calling it that), it looks ever more like a trend in the making.
Posted on Jan 30, 2013
READ MORE
|
Randy Son of Robert (CC BY 2.0)
|
By ignoring the historic role government played in enabling economic growth, the prevailing myths about how the U.S. became prosperous allow lawmakers, officials and lobbyists to craft policies that prevent the majority of Americans from taking their rightful share of the national wealth, Jeff Madrick writes in Harper’s Magazine.
Posted on Jan 29, 2013
READ MORE
|
|
The New York Times columnist has consistently been a strong voice in the argument against making dramatic spending cuts in tough economic times. On Monday, Krugman was once again forced to defend his position during a discussion about the current financial crisis on MSNBC’s “Morning Joe.”
Posted on Jan 28, 2013
READ MORE
|
|
Monte Wolverton, Cagle Cartoons —
Posted on Jan 28, 2013
READ MORE
|
pixelasso (CC BY-SA 2.0)
|
By Henry A. Giroux, Truthout —
The debate in both Washington and the mainstream media over austerity measures, the alleged fiscal cliff and the looming debt crisis not only function to render anti-democratic pressures invisible, but also produce what the late sociologist C. Wright Mills once called “a politics of organized irresponsibility.”
Posted on Jan 25, 2013
READ MORE
|
DonkeyHotey (CC BY 2.0)
|
By Ellen Brown, Web of Debt —
The trillion dollar coin represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free.
Posted on Jan 18, 2013
READ MORE
|
|
Is there ever a good time to cut “entitlements”—the code word used by austerity hawks to refer to and demean publicly funded social welfare programs—host Andrew Ross Sorkin asked University of Texas economist James K. Galbraith on CNBC’s “Squawk Box” on Friday.
Posted on Jan 18, 2013
READ MORE
|
AP/Rich Pedroncelli
|
“Despite such terminology as ‘fiscal cliff’ and ‘debt ceiling,’ ” writes Sen. Bernie Sanders, I-Vt., “the great debate taking place in Washington now has relatively little to do with financial issues. It is all about ideology.”
Posted on Jan 9, 2013
READ MORE
|
The National Guard (CC BY 2.0)
|
By Ellen Brown, Web of Debt —
As the legislature’s latest scrapping over a $60 billion Hurricane Sandy relief bill shows, disaster victims are now being expected to shoulder relief expenses that used to be shared publicly.
Posted on Jan 4, 2013
READ MORE
|
|
Luojie, Cagle Cartoons, China Daily, China —
Posted on Dec 26, 2012
READ MORE
|
dps (CC BY 2.0)
|
By Ellen Brown, Web of Debt —
Taxpayers and governments that are pushed too far have been known to resort to radical policy measures, and there are some on the table that could fix the problem at its core.
Posted on Dec 20, 2012
READ MORE
|
LadyDragonflyCC <3 (CC BY 2.0)
|
By Steve Fraser, TomDispatch —
“Debtpocalypse” looms. Depending on who wins out in Washington, we’re told, we will either free fall over the fiscal cliff or take a terrifying slide to the pit at the bottom. Grim as these scenarios might seem, there is something confected about the mise-en-scène, like an un-fun Playland. After all, there is no fiscal cliff, or at least there was none—until the two parties built it.
Posted on Dec 4, 2012
READ MORE
|
Flickr/Gage Skidmore
|
The Nobel Prize-winning economist puts specifics offered by Senate Minority Leader Mitch McConnell through some harsh analysis.
Posted on Dec 2, 2012
READ MORE
|
Flickr/Marcus Grätsch
|
By Robert Reich — What does the drama in Washington over the “fiscal cliff” have to do with strikes and work stoppages among America’s lowest-paid workers at Walmart, McDonald’s, Burger King and Domino’s Pizza? Everything.
Posted on Dec 1, 2012
READ MORE
|
Flickr/Fortune Live Media
|
A group of corporate CEOs that contributed to the burgeoning deficit crisis want the poor and elderly to largely pay for the mess the greedy Wall Street fat cats helped create.
Posted on Nov 26, 2012
READ MORE
|
|
Luojie, Cagle Cartoons, China Daily, China —
Posted on Nov 23, 2012
READ MORE
|
kevin dooley (CC BY 2.0)
|
A group of CEOs led by Macy’s Terry Lundgren calling itself the Fix the Debt coalition is hoping for a deficit-busting austerity budget this holiday season—not a program to create American jobs.
Posted on Nov 22, 2012
READ MORE
|
Ondrej Kloucek (CC BY-SA 2.0)
|
Recession has returned to the eurozone for the second time since the financial crisis began in 2008. The region’s GDP fell by 0.1 percent in 2012’s third quarter, which followed a 0.2 percent contraction in the previous three months.
Posted on Nov 15, 2012
READ MORE
|
|
By Amy Goodman — Amaia Engana didn’t wait to be evicted from her home. On Nov. 9, in the town of Barakaldo, a suburb of Bilbao in Spain’s Basque Country, officials from the local judiciary were on their way to serve her eviction papers. Amaia stood on a chair and threw herself out of her fifth-floor apartment window, dying instantly on impact on the sidewalk below.
Posted on Nov 15, 2012
READ MORE
|
|
Millions of Europeans are protesting spending cuts and tax increases during a continent-wide general strike that comes days after a 53-year-old woman in Spain committed suicide as she was about to be evicted.
Posted on Nov 14, 2012
READ MORE
|
View older articles:
1 2 3 >
View the most popular tags overall?
|
|
Real American Boy: How Our Byzantine Immigration System and Failed Economy May Have Made a Terrorist
Newsletter 
Like Us
Follow Us
Get Our Feed
