Business & Economy

Panic in the Newspaper Biz

Molly Ivins / Truthdig Mar 23, 2006 "I don't so much mind that newspapers are dying -- it's watching them commit suicide that pisses me off." Dig deeper ( 4 Min. Read )

Going Deeper and Deeper Into Hock

Staff / Truthdig Mar 17, 2006 Congress just raised our debt ceiling--the amount we're allow to borrow--by $781 billion. It was either that or default on our treasury notes. This is the fourth debt-ceiling increase since Bush took office--some $3 trillion in total. Dick Cheney may have said that deficits don't matter, but try telling that to the next generation of Americans, who are going to have one helluva credit card bill to pay off. Dig deeper ( 1 Min. Read )

Judge Orders Google to Turn Over Some Data

Staff / Truthdig Mar 14, 2006 A federal judge says he will require the search engine company to provide the government with some search-query data in connection with the Justice Dept.'s attempts to revive an online child pornography law. It's unclear what kind of and how much data the judge will order turned over. That strange shifting underneath your feet? It's the slippery slope we're all sliding down, toward an Orwellian future. Truthdig's Google expert Mark Malseed has the skinny on the implications of this battle. Dig deeper ( 1 Min. Read )

Report: Tax Cuts Don’t Pay for Themselves

Staff / Truthdig Mar 10, 2006 A nonpartisan, nonprofit think tank concludes: "the tax cuts have not paid for themselves, recent economic growth and revenue growth have not been particularly strong, and revenues remain lower than had been predicted before the tax cuts were enacted." Dig deeper ( 1 Min. Read )

Fastow: Enron’s Lay ‘Lied About Enron Finances’

Staff / Truthdig Mar 9, 2006 The energy company's former CFO testifies that Ken Lay, the former CEO, lied about the company's financial situation in the months before the company's collapse. Dig deeper ( 1 Min. Read )

Former Enron CFO Implicates Skilling

Staff / Truthdig Mar 8, 2006 Andrew Fastow, the company's former chief financial officer, testifies that he concocted fraud in face-to-face meetings with Enron's chief executive, Jeffrey Skilling Also, check out Robert Scheer's latest column on Enron, or a compendium of earlier ones . Dig deeper ( 1 Min. Read )

Family Savings Look Scary Across the Board

Staff / Truthdig Mar 6, 2006 The Federal Reserve finds that the average family has only about $3,800 in the bank, no retirement account and no stocks or bonds, and can't pay off a $2,200 credit card balance Pretty grim But don't fear Tax cuts for the rich will make everything all better. Dig deeper ( 1 Min. Read )

Bush Plan Would Raise Deficit by $1.2 Trillion

Staff / Truthdig Mar 4, 2006 But this total does not include money for some relatively small costs--like the wars in Iraq and Afghanistan after this year. Dig deeper ( 1 Min. Read )

In Reversal, Wal-Mart Will Sell ‘Morning After’ Pills

Staff / Truthdig Mar 4, 2006 But the retail giant will allow pharmacists who object to filling a Plan B prescription to refer customers to another pharmacy. Dig deeper ( 1 Min. Read )

Ports Deal to Close by Monday?

Staff / Truthdig Mar 3, 2006 A Bush official claims that the Dubai ports deal will close Friday or Monday, despite a 45-day review by the U.S. government. Uhhh, can anyone help us figure this one out? It seems ludicrous, but then again, so was Bush's immediate response to Sept. 11. Dig deeper ( 1 Min. Read )

Pizza Magnate Plans Catholic-Governed Town

Staff / Truthdig Mar 3, 2006 The founder of Domino's Pizza is planning on spending $250 million to create a Florida town with no abortions, no porn and no birth control. Civil libertarians are threatening to sue, and liberal Catholics are likening the idea to Islamic fundamentalism. Couldn't the guy put his money where it's really needed, like toward schools in Darfur? Or a pizza crust that doesn't resemble a sponge full of grease? (Hat tip: Huff Post) Dig deeper ( 1 Min. Read )

Google CFO Says Growth Is Slowing

Staff / Truthdig Feb 28, 2006 The 800-pound gorilla's rampage has started to slow down a bit, as evidenced by the chief financial officer's admission that the search company will have to find new ways to boost revenue. Related: Check out Truthdig's eye-opening report on Google's grasp of the intimate details of your life. Dig deeper ( 1 Min. Read )