Staff / TruthdigDec 27, 2010
With the world economy still wallowing in crisis and social services being cut across poor and rich nations alike, it’s not surprising that the winner of Merriam-Webster’s annual “Top Ten Words of the Year” for 2010 is … austerity. Dig deeper ( 2 Min. Read )
Staff / TruthdigDec 4, 2010
Awash in debt and 20 percent unemployment, the Spanish government on Friday approved an austerity package aimed at reviving its moribund economy. Dig deeper ( 1 Min. Read )
Staff / TruthdigNov 28, 2010
Tens of thousands of people took to the Irish streets Saturday to sound off against an IMF-backed austerity plan that would usher in deep spending cuts and higher taxes. Dig deeper ( 1 Min. Read )
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William Pfaff / TruthdigOct 21, 2010
It is not pension claims that are driving the current political uproar. It is popular fury at the people who created the present economic crisis and have been rewarded, with everyone else left to face the consequences. Dig deeper ( 3 Min. Read )
Staff / TruthdigOct 1, 2010
Those waiting for recovery from unemployment woes might have to wait a bit longer. The U.N.’s International Labor Organization has warned that it may take until 2015 for the global economy to bounce back to pre-crisis employment levels. Meantime, look for more social unrest of the kind now unfolding across Europe. Dig deeper ( 1 Min. Read )
Staff / TruthdigOct 1, 2010
Add Ecuador to the list of countries whose people are letting their governments know that they're not having the "austerity measures" officials are attempting to enact. Dig deeper ( 1 Min. Read )
Staff / TruthdigSep 11, 2010
Possibly taking a cue about resistance from the beloved Iraqi journalist who chucked his shoes at George W. Bush back in 2008, a 49-year-old doctor has thrown a piece of his own footwear at Greek Prime Minister George Papandreou in protest of the government's economic austerity measures. Dig deeper ( 1 Min. Read )
Staff / TruthdigJul 17, 2010
California's outdated technical infrastructure has made 200,000 state employees very, very happy. After an injunction by the governor to cut workers pay to the state's $7.25 minimum wage, the state controller has successfully argued that such pay docking would be impossible given the state's outdated payroll computer system. Dig deeper ( 1 Min. Read )
Staff / TruthdigJul 2, 2010
Budget worries are sparking a new debate in Britain, with spending cuts taking aim at police services in what some see as a threat to the country's anti-terror efforts. Dig deeper ( 1 Min. Read )
Staff / TruthdigJun 26, 2010
Strapped-for-cash states may be up the creek on this one: A jobs bill has stalled in the Senate, jeopardizing billions in federal aid to struggling states. Local and state officials are warning of layoffs in the hundreds of thousands and drastic spending cuts if the bill is not resuscitated. Dig deeper ( 1 Min. Read )
Staff / TruthdigJun 25, 2010
Italy's largest union has launched a nationwide strike, upending public transport and government services in protest over the government's recent austerity measures. Dig deeper ( 1 Min. Read )
Staff / TruthdigMay 7, 2010
A stray dog named Kanellos has apparently been on the front lines of most major protests in Greece over the past two years. He is also the focus of a blog, the subject of a recent Guardian photo essay, and the inspiration for several YouTube video homages. Dig deeper ( 1 Min. Read )
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