How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders

Ellen Brown / Web of Debt Oct 15, 2017 During his visit to the hurricane-stricken U.S. territory, President Trump shocked the bond market when he said he would wipe out the island’s debt. Dig deeper ( 6 Min. Read )

The Problem With How Governments Pay for Wars (Video)

Staff / Truthdig Apr 14, 2017 Economist Richard Wolff explains how corporate banks and politicians exploit the system of money printing to gain political capital or warrant military efforts.Economist Richard Wolff explains how corporate banks and politicians exploit the mechanism of money printing to garner political capital or justify military action. Dig deeper ( 1 Min. Read )

Obama Is Right on the Debt Ceiling

Bill Blum / Truthdig Jan 14, 2013 According to the Obama administration, there is nothing the president can do on his own to raise the ceiling or maneuver around it. As much as some of us may disagree, Obama is correct. Here's why. Dig deeper ( 5 Min. Read )

Fed Attempts to Jump-Start the Economy

Alexander Reed Kelly / Truthdig Sep 13, 2012 The Federal Reserve ended its do-little policy on Thursday, pledging to keep interest rates near zero and announcing an open-ended commitment to buy bonds and possibly take other steps to push the economy into motion. Dig deeper ( 1 Min. Read )

Banks Take High From Homeowners and Sell Low to Investors

Alexander Reed Kelly / Truthdig Aug 9, 2012 Record low interest rates on mortgages and refinancing deals are reducing costs to homeowners. But banks are making unusually high profits by selling bundles of those loans to investors at similarly low rates, which means borrowers could be saving even more. Dig deeper ( 1 Min. Read )

Investors Seek Treasury Port in a Storm

Staff / Truthdig Aug 8, 2011 US stocks sank almost 6 percent Monday, as investors disposed of risky assets and bought low-yielding but more secure Treasury bills and bonds, despite Standard & Poor's recent downgrade of the U government credit rating (more). Dig deeper ( 2 Min. Read )

And Now, Some Slightly Better News from The Fed

Staff / Truthdig Feb 17, 2011 On Wednesday, newly released minutes from the Federal Reserve's late-January meeting reflected a more optimistic stance vis-à-vis the next phase of the U.S. economy, but unfortunately, the slightly brighter outlook didn't extend to the Fed's take on the job market. Dig deeper ( 1 Min. Read )

Take Me Out to the BALCO

Eugene Robinson / Truthdig Dec 18, 2007 On April 2, 2002, the Los Angeles Dodgers played a home game against the San Francisco Giants, raising the question: If both pitcher and batter are artificially enhanced, does that level the playing field? Dig deeper ( 3 Min. Read )

Lance Williams on Barry Bonds

James Harris / Truthdig Dec 8, 2007 The "Game of Shadows" co-author shares his thoughts on Barry Bonds' legal woes, the impact of steroids on sports and how Nancy Pelosi helped to keep him (Williams) out of jail. Dig deeper ( 13 Min. Read )

Barry Bonds

Aislin, The Montreal Gazette Nov 17, 2007 Dig deeper

Reporters Off the Hook in Steroids Case

Staff / Truthdig Feb 16, 2007 Mark Fainaru-Wada and Lance Williams are free from the threat of prison, now that their source in the BALCO steroids scandal has been revealed. The two San Francisco Chronicle reporters' case tested press freedoms after they refused an order to identify their source. Dig deeper ( 1 Min. Read )

The Truthdig Interview: Mark Fainaru-Wada

James Harris / Truthdig Jun 14, 2006 Mark Fainaru-Wada is one of two San Francisco Chronicle reporters who broke the Barry Bonds steroid stories. With a new book out, Fainaru-Wada discussed with Truthdig contributor James Harris whether Congress doesn't have better things to do than hold hearings into pro sports; whether pro baseball really cares about cleaning up its image; and the federal government's attempts to get Fainaru-Wada to disclose his confidential sources. Dig deeper ( 17 Min. Read )