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$9.56
By Mark Heisler
$2.79
$23
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Mike Keefe, Cagle Cartoons —
Posted on Apr 13, 2012
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White House / Pete Souza
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In case Paul Krugman’s comparison between the GOP’s prized budget plan and pink slime wasn’t a strong enough indication of its reception among the opposition, here comes President Obama with a descriptive attack of his own.
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Christo Komarnitski, Cagle Cartoons, Bulgaria —
Posted on Apr 1, 2012
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Wikimedia Commons
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Remember when austerity sounded more like an obscure SAT word than cause for international economic panic? This time around, it’s the Spaniards who are feeling the pinch, as their government has announced major budget cuts for the year.
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Flickr / Mark Fischer (CC-BY-SA)
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By Bill Boyarsky — “There is an important connection, a profound connection, between that problem and liberty. And I do think it’s important that we not lose sight of that,” Solicitor General Donald Verrilli told the Supreme Court.
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Glasto_2009 (CC-BY)
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Following Ireland’s recent slide into recession territory, the OECD, a Paris-based economic think tank, reports that the U.K.’s economic doldrums have returned.
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The Muppets will not stand for the kind of insult that Goldman Sachs execs, according to famous defector and detractor Greg Smith, heaped on their felty heads by calling clients “Muppets” in a derogatory fashion.
Posted on Mar 27, 2012
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cobalt123 (CC-BY)
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A 0.2 percent dip in GDP at the end of 2011, which followed a drastic decline in the third quarter, has thrown Ireland back into recession, alongside Belgium, the Netherlands, Italy, Portugal and Greece, and begs the question of whether austerity is the answer to Europe’s economic woes.
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AP / Steven Senne
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Maybe he should hold this kind of optimistic talk until after the election, but on Monday, GOP presidential hopeful Mitt Romney said he thinks things are looking up for our recession-ravaged economy. Just not as much as they would have been had he been in charge over these last three years.
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bbc.co.uk
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Yes, as a high-level executive for Goldman Sachs for more than a decade, Greg Smith was part of the toxic culture he decried in the resignation letter printed in Wednesday’s New York Times and re-posted around the world. Thus, he was part of the problem.
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AP / Mark Lennihan
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We’re guessing that outgoing Goldman Sachs executive director Greg Smith’s last day on the job Wednesday was pretty awkward, given what he had to say about his employer in a scorching Op-Ed article printed in The New York Times for the occasion.
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Flickr / edEx
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For the third month in a row, figures coming in from the Department of Labor signal a stronger recovery in the employment market than the country has seen in years. President Obama gets a boost from the good news, but is there any way to read these numbers differently?
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AP / Michael Probst
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Having pulled off the biggest debt restructuring deal ever, Greece is on track for yet another bailout. Meanwhile, the Greek government is also preparing to make yet another round of austerity cuts, which may involve lowering the nation’s minimum wage.
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Gage Skidmore (CC-BY-SA)
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Did you know that it was actually jumping gas costs, and not deceptive lending practices on the part of mortgage financiers and deregulation madness on Wall Street, that got us into the recessionary quandary in which the majority of Americans still find themselves?
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Luojie, Cagle Cartoons, China Daily, China —
Posted on Feb 26, 2012
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Mr. Fish
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The whole “hope” thing is a little much, and the “change” bit is played out, so however will Barack Obama spin his slogans for this presidential campaign as the embattled incumbent? Let’s call it American Dream Lite, if you will.
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AP / Mark Lennihan
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Analysts are heralding the Dow Jones’ jumps past 13,000 on two brief occasions Tuesday as a sign that all this talk of economic recovery may be more bull market than, well, bull. Here’s hoping they’re right.
Posted on Feb 21, 2012
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Flickr / Veronica V (CC-BY-SA)
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The Consumer Financial Protection Bureau may not be popular with some conservatives, but the CFPB and its stealthily appointed Director Richard Cordray are here to stay, and the watchdog agency is kicking into action by making debt collectors and credit rating companies accountable for their actions.
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AP / Cliff Owen
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On Thursday, state and federal government representatives announced that five major banks—Wells Fargo, Bank of America, Ally Financial, Citigroup and JPMorgan Chase—had agreed to pay their part in a settlement of more than $25 billion stemming from the mortgage market meltdown that caused millions of Americans to lose their homes.
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hotelworkersrising.org
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By Scott Tucker — For anyone who does not belong to the very capstone of the American social pyramid, the old slogan of the labor movement is gaining a new and terrible meaning: An injury to one is an injury to all.
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Flickr / edEx
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The first month of 2012 turned out to be the best in three years in terms of the ongoing unemployment crisis in the U.S. Although 8.3 percent is nothing to get too excited about, it was supposed to tally up at 8.5 percent for January, so we’ll take it.
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mynews3.com
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Although Mitt Romney owned, in an interview with Nevada journalist Jon Ralston on Thursday, that he “misspoke” the day before in saying he was “not concerned about the very poor,” the presidential candidate might not have much wiggle room amid a speed-fueled news cycle and a chilly Rick Santorum standing watch.
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Flickr / clementine gallot (CC-BY)
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Geography is one of those seemingly stodgy fields that’s enjoyed an infusion of innovation in recent years, and here’s a sobering yet useful map of the U.S. to illustrate that point. Specifically, you’ll see how different zones of the country have fared in terms of long-term unemployment. Looking good, Middle America.
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AP / Michael Probst
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Once again, European leaders convened for a eurozone pep rally on Tuesday, meeting up in Brussels to see if their economic resuscitation efforts in recent months are paying off and if Greece will stop hogging all the attention anytime soon.
Posted on Jan 31, 2012
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Flickr / respres (CC-BY)
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A joint investigation by NPR and ProPublica has rustled up some disquieting trading practices on the part of Freddie Mac that suggest the taxpayer-run mortgage company hasn’t exactly done its darndest to help struggling Americans hold on to their homes—in fact, the opposite may be more the case.
Posted on Jan 30, 2012
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Flickr / SimonAlparaz (CC-BY)
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For obvious reasons, Americans’ savings accounts are shrinking during this ongoing recession, both because there’s not as much money to deposit and many more reasons to make withdrawals. This has consequences for the economy’s long-term recovery prospects, as does another currently popular method of payment: the credit card.
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Wikimedia Commons / Lynda Poulter (CC-BY-SA)
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British Prime Minister David Cameron made a good call Monday by declaring that no funds from U.K. taxpayers’ pockets should be funneled toward gifting Queen Elizabeth II with a shiny new $90 million yacht on the occasion of her Diamond Jubilee.
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AP / Erich Schlegel
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Here’s a sobering dose of reality: Poverty in America has risen to the 27 percent mark in the last half-decade and, perhaps worse, the prospects for our nation’s poorest won’t necessarily get better as the economy picks up. It’s not news many want to hear, but we’re glad a group of researchers at Indiana University were gutsy enough to release it.
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Do Americans really want a tectonic shift in our economic system? Or are we happier “muddling through”? And most important, what would Jesus do in this seemingly relentless recession? Truthdig’s own Robert Scheer has some thoughts on all of the above this week, as do show regulars Arianna Huffington, Tony Blankley and Matt Miller.
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Wikimedia Commons / U.S. House of Representatives
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Once again, folks, we have deadlock on Capitol Hill. Happy holidays! Although President Obama and the majority of the U.S. Senate hoped that the House of Representatives would cooperate and pass legislation that would extend unemployment benefits and a payroll tax break, that didn’t happen Tuesday.
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Dario Castillejos, Cagle Cartoons, El Imparical de México —
Posted on Dec 17, 2011
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Dario Castillejos, Cagle Cartoons, Dario La Crisis —
Posted on Dec 17, 2011
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Tom Janssen, Cagle Cartoons, The Netherlands —
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AP / Geert Vanden Wijngaert
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At the close of an economic summit that appears to have failed to rescue Italy, Spain and more of Europe from sinking deeper into a mire of recession, Guardian economics editor Larry Elliott prefigures the collapse of the euro as a unifying currency of the European Union. (more)
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AP / Remy de la Mauviniere
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Granted, he is the head designer at Chanel, and haute couture has never been about realism or frugality, but Karl Lagerfeld might do well to drop his socioeconomic commentary to the level of a whisper breathed to like-minded luxe junkies from behind a lacy fan in Paris.
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Flickr / respres
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Those critics of Occupy Wall Street who claimed the movement lacked direction might look to foreclosed homes around the country, as well as housing auctions at select banks, where activists turned up Tuesday as part of the Occupy Our Homes initiative.
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Manny Francisco, Cagle Cartoons, Manila, The Phillippines —
Posted on Dec 4, 2011
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John Darkow, Cagle Cartoons, Columbia Daily Tribune, Missouri —
Posted on Dec 3, 2011
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AP / Alex Brandon
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November’s dip in the official unemployment rate is nothing to clap about. Scrutiny of the details reveals that the new figure of 8.6 percent is due mostly to 315,000 Americans dropping out of the search for work, and most of the newly created positions were low-paying ones. That includes temporary jobs created to support the spike in commerce that comes with the holiday season. (more)
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Brian Fairrington, Cagle Cartoons —
Posted on Dec 1, 2011
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Wikimedia Commons / Dan Smith (CC-BY-SA)
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Here we have some news that Ohio Sen. Sherrod Brown believes “can unite the tea party and Occupy Wall Street.” Sound implausible? Well, Bloomberg News’ parent company went to court to access 29,000 pages of documents from the Federal Reserve, from which the outlet gleaned ... (more)
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AP / Matt Rourke
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By Robert Scheer — On this Thanksgiving we have been cheated of the bounty of the harvest as one in three Americans descends into poverty.
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Pat Bagley, Cagle Cartoons, Salt Lake Tribune —
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Daryl Cagle, Cagle Cartoons, MSNBC.com —
Posted on Nov 20, 2011
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Rick McKee, Cagle Cartoons, The Augusta Chronicle —
Posted on Nov 19, 2011
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AP / Mary Altaffer
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On Thursday, two months into the Occupy Wall Street movement, protesters turned out en masse in New York, Los Angeles and other flash points around the country to continue their call for financial reform and to make a show of solidarity after New York City Mayor Michael Bloomberg and his counterparts in ... (more)
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Flickr / quinn.anya (CC-BY-SA)
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As America’s middle class continues to diminish, it follows that the middle-class neighborhoods they once called home would shrink accordingly. Well, they are, finds a new Stanford University study, which charted changes in Americans’ living quarters since 1970. The results are sobering, if unsurprising.
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drpepper.com
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What better way to jack up men’s flagging sense of masculine prowess in these times of economic instability, with gender roles shifting by the minute, than by introducing a line of house paints that includes the colors “Bro Code” and “Zombie Apocalypse”? (more)
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Wikimedia Commons
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It’s already bad to think of a congressman cashing in on his insider knowledge of impending economic catastrophe, as Alabama’s Rep. Spencer Bachus stands accused of doing, but it’s all the more darkly ironic given his role as chairman of the House Financial Services Committee.
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Flickr / Alessio85
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Italian Prime Minister Silvio Berlusconi has powered his way through political crises with all the subtlety and grace of a battering ram, but in the end, he couldn’t fix Italy’s foundering economy. So, Il Cavaliere (The Knight) is about to lose his occupazione (job).
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