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Richard Schickel (Director)
$26.99
By Varlam Shalamov; John Glad (Translator)
$19
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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
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Pavel Constantin, Cagle Cartoons, Romania —
Posted on May 11, 2013
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Bytemarks (CC BY 2.0)
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New research from the Federal Reserve Bank of San Francisco shows that long-term jobless people whose unemployment benefits were extended at the start of the recession did not become unwilling to work.
Posted on May 9, 2013
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Patrick Chappatte, Cagle Cartoons, Le Temps, Switzerland —
Posted on May 8, 2013
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Keoni Cabral (CC BY 2.0)
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The U.S. economy appears to have added just enough jobs in April to keep pace with population growth, and the new positions are low wage and mostly nonunion.
Posted on May 3, 2013
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goingslo (CC BY 2.0)
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The economic crisis “ended only for the top 7 percent of households that have substantial holdings of stocks and bonds,” former Reagan Assistant Secretary of the Treasury Paul Craig Roberts writes. “The other 93% of the American population is still in recession.”
Posted on May 1, 2013
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mcdett (CC BY-NC-ND 2.0)
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A gloomy forecast for the sales of a German automaker portends the possible spread of Southern Europe’s economic crisis to other parts of the continent—and the world.
Posted on Apr 26, 2013
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Mel R (CC BY-ND 2.0)
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Americans stuck in part-time work take little comfort in news that the nation has added jobs for 30 consecutive months.
Posted on Apr 20, 2013
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Image via Shutterstock
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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
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David Fitzsimmons, Cagle Cartoons, The Arizona Star —
Posted on Apr 4, 2013
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h.koppdelaney (CC BY-ND 2.0)
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A broken economy means broken bodies—bodies that give way under stress, inadequate and unavailable health care, and in some places, fewer available supplies to treat the increased numbers of ill. Greece points the way.
Posted on Apr 3, 2013
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John Cole, Cagle Cartoons, The Scranton Times-Tribune —
Posted on Feb 24, 2013
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jDevaun (CC BY-ND 2.0)
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The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said.
Posted on Feb 15, 2013
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Stuart Conner (CC BY-ND 2.0)
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By Ellen Brown, Web of Debt —
Money today is simply a legal agreement between parties. Nothing backs it but “the full faith and credit of the United States.” The United States could issue its credit directly to fund its own budget, just as our forebears did in the American colonies and as Abraham Lincoln did in the Civil War.
Posted on Feb 14, 2013
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Pavel Constantin, Cagle Cartoons, Romania —
Posted on Feb 4, 2013
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Kap, Cagle Cartoons, Spain —
Posted on Jan 27, 2013
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Daryl Cagle, CagleCartoons.com —
Posted on Dec 30, 2012
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John Cole, Cagle Cartoons, The Scranton Times-Tribune —
Posted on Dec 30, 2012
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Bill Day, Cagle Cartoons —
Posted on Dec 29, 2012
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Cam Cardow, Cagle Cartoons, The Ottawa Citizen —
Posted on Dec 29, 2012
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Angel Boligan, Cagle Cartoons, El Universal, Mexico City —
Posted on Dec 25, 2012
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Elvert Barnes (CC BY 2.0)
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The recession has left tens of thousands of young people with inadequate or no jobs struggling to find a home, even if they possess college credits or work histories.
Posted on Dec 21, 2012
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Rick McKee, Cagle Cartoons, The Augusta Chronicle —
Posted on Dec 17, 2012
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Pavel Constantin, Cagle Cartoons, Romania —
Posted on Dec 17, 2012
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Paul Zanetti, Cagle Cartoons, Australia —
Posted on Dec 7, 2012
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vicmontol (CC BY 2.0)
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One country refused to bail out its derelict banks and slash social spending amid the financial crisis. And guess what? Unlike the eurozone and the United States, it’s making a sturdy comeback.
Posted on Dec 1, 2012
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Luojie, Cagle Cartoons, China Daily, China —
Posted on Nov 26, 2012
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Ondrej Kloucek (CC BY-SA 2.0)
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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
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White House/Pete Souza
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By The Rev. Madison Shockley — My family survived the Great Recession because of the policies of the Obama administration. I suspect we were not alone in benefiting from one or another of the various relief programs.
Posted on Oct 15, 2012
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Pavel Constantin, Cagle Cartoons, Romania —
Posted on Oct 6, 2012
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DonkeyHotey (CC BY 2.0)
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The eurozone is headed for another recession as its economic output shrinks again in 2012’s third quarter, economists say.
Posted on Aug 23, 2012
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breahn (CC BY 2.0)
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The recent economic recession and housing crisis may have encouraged an increase in the rate of physical abuse and brain injury to American children, researchers in Philadelphia report.
Posted on Jul 17, 2012
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http2007 (CC BY 2.0)
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Growth for the world’s largest exporter hit its slowest pace in three years as demand for Chinese products waned in the U.S., Europe and elsewhere, prompting the country’s leaders to encourage investment with stimulus measures.
Posted on Jul 13, 2012
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Rennett Stowe (CC BY 2.0)
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Although the private sector has made meager employment gains since the beginning of the long climb out of the recession, government jobs are disappearing at an accelerating rate.
Posted on Jun 20, 2012
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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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