Top Leaderboard, Site wide
July 30, 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 more items

 
Tags

Tag: Economy

Bernanke
Wikimedia Commons / United States Federal Reserve

Bernanke Up for Round Two as Fed Chief

After heading up the Fed during the nation’s biggest economic catastrophe in decades, Federal Reserve Chairman Ben S. Bernanke will be nominated to continue his role for a second term, according to another top Obama adviser, David Axelrod.

Posted on Aug 24, 2009 READ MORE



White House / Pete Souza

Obama’s Invisible Achievement

If governments had not acted aggressively, the economic situation would have become a cataclysm. But because the cataclysm was avoided, this is an invisible achievement.

Posted on Aug 23, 2009 READ MORE


Unemployment
wfxl.com

California Jobless Rate Tickles 12%

Talk of an economic rejuvenation in recent weeks got a sobering smack in the face Friday as California’s jobless figures were released. The Golden State’s unemployment rolls reached 11.9 percent in July, a post-World War II high.

Posted on Aug 22, 2009 READ MORE



Federal Reserve

Bernanke Talks of Better Economic Times Ahead

After seemingly endless months of relentlessly distressing financial reports, Federal Reserve Chairman Ben S. Bernanke said Friday that the economic news is looking up on both the national and global economic fronts, and that “prospects for a return to growth in the near term appear good.”

Posted on Aug 21, 2009 READ MORE


New Credit Card Rules Activate

With the folksy charm of a timeshare salesman, Austan Goolsbee of President Obama’s Council of Economic Advisers outlines some of the new credit card rules, which began taking effect Thursday.

Posted on Aug 20, 2009 READ MORE


The Equal Rites Awards, 2009

Every year at this time, we celebrate the anniversary of women’s suffrage by recognizing those who have done their best over the last 12 months to set back the cause of women.

Posted on Aug 20, 2009 READ MORE



AP / Jae C. Hong

You Can’t Blame Obama for American Stubbornness

The president is simply too decent to get the job done. His advisers never learn from their mistakes and the American public is intolerant and hasn’t a clue as to what really is going on in the world.

Posted on Aug 18, 2009 READ MORE



Flickr / Marius Arnesen

Israeli Blockade = Hamas Cash

Israel’s blockade of Gaza is making archenemy Hamas rich. According to The Christian Science Monitor, Gaza businessmen (who are going bankrupt thanks to the blockade) say Hamas and friends “have been using their control of smuggling tunnels, money changing, and tax revenue to buy prime tracts of land and buildings. ...”

Posted on Aug 17, 2009 READ MORE



Flickr / Michell Zappa

Japan Exits Recession

The world’s second-largest economy is back in the black. Japan’s economic growth is positive for the first time in over a year, beating expectations. The good news comes as the economies of Germany and France are also growing and China is in full boom. Kanpai!

Posted on Aug 17, 2009 READ MORE


Madoff pleads guilty
AP / Louis Lanzano

The Other Bernie Madoff Affair

Bernard Madoff’s connection with the New York-based Jewish charity Hadassah has become fraught above and beyond the economic level since the organization’s CFO, Sheryl Weinstein, claimed that she and the fallen financier had an affair, which she details in her upcoming memoir, “Madoff’s Other Secret: Love, Money, Bernie, and Me.”

Posted on Aug 14, 2009 READ MORE


Don’t You Forget About John Hughes

The late director’s films were marketed as one-off parables about teenage angst, but they were really celebrations of the intrinsic worth of the regular person.

Posted on Aug 13, 2009 READ MORE


How Bad Things Might Have Been

The summer has become a bummer, but almost every day there’s some reminder of how far we’ve come since President Obama’s inauguration—and how much worse things could be.

Posted on Aug 13, 2009 READ MORE


Castro photo
AP / Franklin Reyes

Castro Issues Critique of U.S. Economic Policy

Just in time for his 83rd birthday, former Cuban President Fidel Castro made his presence known once again, by signaling his displeasure with the United States’ handling of the recent financial catastrophe. He spoke out in an Op-Ed article published Thursday in Cuba’s government-run newspapers.

Posted on Aug 13, 2009 READ MORE



Flickr / showbizsuperstar

Here’s Hoping Obama Really Is a Socialist

In this topsy-turvy world it seems one’s proximity to full-blown communism is directly proportional to one’s success in capitalism. Take Red China’s explosive economic growth, or the unexpected success of semi-socialist Germany and France, which just bid auf Wiedersehen and adieu to the recession.

Posted on Aug 13, 2009 READ MORE


Paul Krugman: Big Government Prevented a Second Depression

The Nobel Prize-winning economist writes that “around a million more Americans are working now than would have been employed without that [stimulus] plan. ... ” He also argues that “it’s possible to be dissatisfied, even angry, about the way the financial bailouts have worked while acknowledging that without these bailouts things would have been much worse.”

Posted on Aug 10, 2009 READ MORE


Ralph Nader
AP / Carolyn Kaster

Nader Was Right: Liberals Are Going Nowhere With Obama

“Something is broken,” Ralph Nader said when I reached him at his family home in Connecticut. “We are not at the Bangladesh level in terms of passivity, but we are getting there.”

Posted on Aug 10, 2009 READ MORE


Inside Story on Town Hall Riots: Right-Wing Shock Troops Do Corporate America’s Dirty Work

How the health care industry, the GOP and one media mogul made common cause with the anti-government fringe.

Posted on Aug 10, 2009 READ MORE


AIG sign
visitbulgaria.info

AIG Logs a Profit

For almost two years, insurance giant AIG has experienced quarterly losses—until now. The infamous company is reporting its first profitable quarter since 2007, a turnabout that will give the U.S. government a whopping $1.5 billion gain as a shareholder, while individual shareholders get to split $311 million among themselves.

Posted on Aug 7, 2009 READ MORE


Economy
southwestga.com

In the Jobless Numbers, a Glimmer

Woe is still the economy, but several numbers are indicating that the recession might, just might, be easing up. The pace of U.S. job losses has gradually slowed, and the unemployment rate actually dropped in July for the first time in over a year.

Posted on Aug 7, 2009 READ MORE


Cash for Clunkers

Share
Posted on Aug 6, 2009 READ MORE


Returning Soldiers

Share
Posted on Aug 5, 2009 READ MORE


banking protest
AP / Mark Lennihan

Banking Bandits Get Their Reward

By now everybody must know that the top banking executives responsible for our economic meltdown have no shame. Otherwise they would not have dared give themselves such hefty bonuses as a deeply perverse reward for actions that caused millions of Americans to lose their jobs and homes.

Posted on Aug 4, 2009 READ MORE


Read My Lips: We Need to Raise Taxes

Does President Obama care about passing health care reform that truly gets costs under control and getting the nation’s fiscal house in order or does he care more about getting re-elected?

Posted on Aug 4, 2009 READ MORE


Met
newyorkstatesearch.com

New York Arts Institutions in Jeopardy

The economic downturn has been rough on countless industries, and arts organizations in New York City that rely on endowment money to survive have been hit hard—not just, as City Journal’s James Panero points out, by the immediate effects of the meltdown felt round the world, but also by the “indirect effects” of how some of their funds have been managed.

Posted on Aug 4, 2009 READ MORE



Flickr / kevindooley

Come Rain, Sleet or E-Mail

After losing about $7 billion this fiscal year, the U.S. Postal Service may shut down as many as 700 local post offices. The postmaster general has also asked Congress to approve cutting deliveries to five days a week.

Posted on Aug 3, 2009 READ MORE


B of A
ceoworld.biz

SEC Fines B of A $33M for Bonus Bust

It’s baffling how $33 million can seem like a relatively small sum lately, but given that it’s all that Bank of America will have to pay the SEC for failing to inform investors about the billions in bonuses the bank paid Merrill Lynch executives during B of A’s acquisition of Merrill last year, it seems more like a light knuckle-rap than a full-on spanking.

Posted on Aug 3, 2009 READ MORE



AP / LM Otero

So Much for the Promised Land

The most prominent faces of color, such as President Obama or Harvard’s Henry Louis Gates Jr., mask an insidious new racism that, in essence, tells blacks they have enough, that progress has been made and that it is up to them to take advantage of what society offers them.

Posted on Aug 3, 2009 READ MORE


Can Republicans Escape Their Extremists?

Things are looking up for the Republicans, relatively speaking. There’s just one problem: The country still doesn’t like them.

Posted on Aug 3, 2009 READ MORE



thomhartmann.com

Thom Hartmann on ‘Threshold’

The Truthdig panel talks to radio host and author Thom Hartmann about his new book, “Threshold,” the need for serious financial regulation and his trip to Darfur.

Posted on Jul 30, 2009 READ MORE



thomhartmann.com

Thom Hartmann on ‘Threshold’

The Truthdig panel talks to radio host and author Thom Hartmann about his new book, “Threshold,” the need for serious financial regulation and his trip to Darfur.

Posted on Jul 30, 2009 READ MORE



Book Excerpt: ‘Empire of Illusion’

Read this brilliant and humorous chapter from Chris Hedges’ new book and marvel as the Pulitzer Prize-winning war correspondent makes sense of reality television.

Posted on Jul 30, 2009 READ MORE


China visit
AP / Gerald Herbert

The Chinese Come Calling

What a hoot. The Chinese Communists invaded Washington on Monday demanding not that we sacrifice our freedoms but rather that we balance our budget. Creditors get to make that kind of call. And the Marxists of Beijing, who have turned out to be the world’s most prudent bankers, are worried about their assets invested in our banana republic. 

Posted on Jul 28, 2009 READ MORE


‘Colorful’ Leaders Could Learn From Boring Brown

It sometimes pays to be a nondescript politician, like Gordon Brown of Britain. Flamboyance of the Latin kind gets you into the newspapers, but for bad reasons as well as good.

Posted on Jul 28, 2009 READ MORE



Collage: Flickr / david.nikonvscanon and Staples.com

A Rebound Without Recovery

The arithmetic of this recession still looks pretty dismal and the politics and psychology of it are starting to become disconnected from reality in a scary way.

Posted on Jul 28, 2009 READ MORE


ENTER_ALT_TEXT
AP / Josh Anderson

That Good Ol’ Tennessee Socialism

Faced with one of the highest unemployment rates in the country, Tennessee has taken matters into its own hands. In a work project inspired by the New Deal, the state is using money from the federal stimulus package to create hundreds of jobs ranging from working for the state Transportation Department to baking goodies at the local pie shop.

Posted on Jul 27, 2009 READ MORE



AP / Mark Lennihan

Happiness Consultants Won’t Stop a Depression

Positive psychology, which claims to be able to engineer happiness, is a quack science that justifies the cruelty of unfettered capitalism, shifting the blame from the power elite to those they oppress.

Posted on Jul 27, 2009 READ MORE


Fatal Health Care

Share
Posted on Jul 24, 2009 READ MORE


The Politics of Tenacity

Wow, what big and unexpected news! Reforming the health care system is really hard, and Republicans want President Obama to fail. Imagine that.

Posted on Jul 23, 2009 READ MORE


ENTER_ALT_TEXT
laalmanac.com

L.A. County Supervisors to Sue Calif. Lawmakers

Following the long-awaited agreement on closing the California budgetary gap, the Los Angeles County Board of Supervisors voted Tuesday to sue state lawmakers if they pursue their plans to use city highway and redevelopment taxes to cover the state deficit. The supervisors are also looking into the legality of some of the proposed cuts, which greatly affect those who need help the most.

Posted on Jul 21, 2009 READ MORE


ENTER_ALT_TEXT
AP / J. Scott Applewhite

Economic Decline May Have Slowed

Fed Chairman Ben Bernanke presented a report Tuesday about the U.S. economy’s health. On the “bright side,” the economy appears to be declining at a slower rate than before, but home prices are still falling, credit is still very tight and, oh yeah, job losses are still rising. As a result of all the good news, the Fed intends to maintain “exceptionally low” interest rates for a while longer.

Posted on Jul 21, 2009 READ MORE


ENTER_ALT_TEXT
Radio Nederland Wereldomroep

U.N. Faces Nearly $5 Billion Shortfall in Aid

The United Nations is facing a $4.8 billion shortfall in funding for humanitarian aid to some of the world’s poorest peoples. At the top of that list are the inhabitants of Zimbabwe, Palestine and Kenya, which face increasingly dire financial needs. Although emergency relief donations have risen, the global credit crunch has made it harder for developed countries to keep pace with the need.

Posted on Jul 21, 2009 READ MORE


Change Machine

Share
Posted on Jul 17, 2009 READ MORE    


Dennis Kucinich
AP / Charlie Neibergall

Dennis vs. Goliath

Rep. Dennis Kucinich talks about winning a big victory for health care reform, grilling Hank Paulson over the Bank of America-Merrill Lynch merger, and the battle against crony capitalism.

Posted on Jul 17, 2009 READ MORE


Dennis Kucinich
AP / Charlie Neibergall

Dennis vs. Goliath

Rep. Dennis Kucinich talks about winning a big victory for health care reform, grilling Hank Paulson over the Bank of America-Merrill Lynch merger, and the battle against crony capitalism.

Posted on Jul 17, 2009 READ MORE


Jobs
L.A. Times / Alana Semuels

California Unemployment on the Rise

More bad news on the economy front. California reported Friday that its statewide unemployment rate increased in June, leaving 11.6 percent of Californians without work while shedding 66,500 jobs in only 30 days.

Posted on Jul 17, 2009 READ MORE



Flickr / Haldini

China Is Here

The planet’s already on the brink of resource exhaustion and climate catastrophe, and China is 17 times more populous than America was during our industrial era. If we just sit back and celebrate “miracles,” then there’s not going to be much of a world left.

Posted on Jul 17, 2009 READ MORE



Flickr / Klearchos Kapoutsis

Blame the Midas Touch

If one tries to draw an urgently contemporary lesson from Greek myth, the story of Midas is irresistible. It provides a commentary on our global economic and financial crisis, in which the pursuit of wealth has ruined us.

Posted on Jul 16, 2009 READ MORE


ENTER_ALT_TEXT
Flickr / clayirving

China’s Stimulus Lifts Its GDP

Just when we were settling into the idea of a worldwide recession, China has reported its second-quarter growth rate at 7.9 percent. The People’s Republic has issued twice as much in new loans as the U.S. this year and, thanks to a $585 billion stimulus package, confidence and continued strong economic activity reign. However, some experts see problems with the Chinese model down the line.

Posted on Jul 16, 2009 READ MORE



Flickr / Franco Folini

GM Pays Ex-CEO $8.6 Million

What exactly does an executive have to do to not get a golden parachute? Former GM CEO Rick Wagoner ran the company into the ground, and will now retire with $8.6 million for his trouble. That figure was negotiated down from the $23 million the old pre-bankrupt GM would have had to pay Wagoner. Sorry Rick, but it’s a rough economy.

Posted on Jul 15, 2009 READ MORE


Blankfein
AP / Mark Lennihan

‘Government Sachs’ Strikes Gold ... Again

Connect the dots: Goldman Sachs made $3.44 billion in profit this past quarter, while the U.S deficit topped $1 trillion for the first time in the nation’s history and appeared to be headed toward doubling that figure before the budget year is out. Since most of the increase in the federal deficit is due to bailing out the banks and salvaging the greater economy they helped destroy, why is the top investment bank doing so well?

Posted on Jul 14, 2009 READ MORE


View older articles: « First  <  53 54 55 56 57 >  Last »

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.