Wounds Heal in Red Cross Dispute

Staff / Truthdig Jun 18, 2008 After coming to its public relations senses, medical firm Johnson & Johnson has decided it wouldn't be wise to proceed with a lawsuit against the Red Cross charity over a trademark agreement made in 1895. The initial case was brought by the firm after the Red Cross began to sell safety kits to fundraise for its many disaster-relief campaigns. Dig deeper ( 1 Min. Read )

Fiat Chief on the Global Finance Crisis

William Pfaff / Truthdig Jun 17, 2008 The Italian-Canadian chief executive of Fiat, the leading Italian industrial enterprise, Sergio Marchionne, speaking about the present economic crisis last weekend, mentioned the well-known argument first made by the Austrian-American economist Joseph Schumpeter about the function of "creative destruction" in modern capitalism. Dig deeper ( 4 Min. Read )

Private Contractors ‘Mismanaged’ $23 Billion in Iraq

Staff / Truthdig Jun 11, 2008 A BBC investigation on U.S. war profiteering estimates that $23 billion of taxpayer funds has been "lost, stolen, or not properly accounted for in Iraq." Dig deeper ( 1 Min. Read )

Bush Vetoes Farm Bill

Staff / Truthdig May 21, 2008 Without batting an ironic eye, President Bush has vetoed a $289-billion farm bill, claiming the legislation gives too much money to wealthy farmers. The bill includes steps to spur biofuel use and would expand nutrition programs to help poor Americans buy food. The Democratic Congress is expected to override the veto. Dig deeper ( 1 Min. Read )

$10.9 Billion Ain’t What it Used to Be

Staff / Truthdig May 1, 2008 Exxon Mobil made $10.9 billion last quarter, but investors were disappointed that the world's biggest oil company had only its second-biggest quarter ever. With a product that is harder and harder to find, shareholders who demand even bigger windfalls and consumers who are about ready to revolt, you almost have to feel sorry for the oil companies. No, you really don't. Dig deeper ( 1 Min. Read )

World Is Flat and Full of Meringue

Staff / Truthdig Apr 25, 2008 Thomas Friedman, global capitalist and semantically inept columnist for The New York Times, was gastronomically assaulted by pie-throwers at Brown University on Earth Day this week. At issue was Friedman's laissez-faire attitude toward solving global environmental issues, which protesters felt was structurally inadequate and ultimately regressive. Dig deeper ( 1 Min. Read )

U.S. Builds Wall in Sadr City

Staff / Truthdig Apr 18, 2008 Sadr City, the Baghdad neighborhood turned refuge for Iraqi insurgents, is getting a infrastructural makeover this week as workers begin building a wall to isolate the area from the rest of the capital city US forces say the construction is a security measure to stem anti-U and anti-coalition activity. Dig deeper ( 1 Min. Read )

G-7, IMF and World Bank Leaders to Meet

Staff / Truthdig Apr 11, 2008 Following the string of economic crises across the globe, financial elites are planning to meet in Washington this weekend to address how to resolve the problems of global capitalism. Notably missing from the proceedings is any representative from the developing world. Dig deeper ( 1 Min. Read )

The Long, Sorrowful Ludlow Legacy

David Sirota / Truthdig Apr 11, 2008 A straight line can be drawn between the 1914 labor massacre in Colorado and today's killing fields in Colombia. And one of the villains in both cases is the U.S. government. Dig deeper ( 3 Min. Read )

The USS Economy

Mike Luckovich / Truthdig Apr 10, 2008 Dig deeper

On Secular Fundamentalism

Chris Hedges / Truthdig Apr 7, 2008 The battle under way in America is not a battle between religion and science. It is a battle between religious and secular fundamentalists. It is a battle between two groups intoxicated with the utopian and magical belief that humankind can perfect itself and master its destiny. Dig deeper ( 7 Min. Read )

Slap Down ‘Free Market’ Pirates

Joe Conason / Truthdig Mar 27, 2008 For years, District Attorney Robert Morgenthau has warned that the nexus of capitalism and criminality poses a serious threat to America. With Bear Stearns now in ruins, maybe we will listen to him. Dig deeper ( 3 Min. Read )