collapse

Glenn Greenwald Is on Collapsing Empire Watch

Oct 12, 2010
As the Salon scribe points out, it can be "quite difficult to really internalize" America's superpower implosion, but the numbers don't lie. Our life expectancy ranking is dropping like a rock, while we're getting better and better at imprisoning, executing and selling guns to people. USA! USA!

Chris Hedges on Moral Courage

Sep 2, 2010
The Truthdig columnist begins this speech to the Veterans for Peace convention by saying, "Physical courage is something you see on a battlefield. Moral courage you almost never see."
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$40 Billion for Greece Bailout

Apr 11, 2010
The 16 nations that use the euro have just revealed an aid package of up to $40 billion in an effort to stem the Greek financial crisis. Finance ministers see the offer as a "step of clarification" for markets and a boost for the faltering euro.

Goldman’s Hand in AIG’s Collapse

Feb 7, 2010
Recently disclosed internal documents and an audio recording regarding a 2008 securities standoff between Goldman Sachs and insurance giant AIG appear to be the smoking guns necessary to pinpoint Goldman's culpability in the mortgage meltdown and the collapse of AIG.

To the Bailoutmobile!

Dec 19, 2008
In an avowed effort to save capitalism from itself, President Bush announced Friday that he would throw the Big Three failing auto companies a $17.4 billion lifesaver, siphoning that money from the initial $700 billion bailout slush fund authorized by Congress in October.

Bridge Repairs Going Nowhere

Jul 31, 2008
According to an AP review of more than 1,000 structures, just 12 percent of the nation's most troubled and traveled bridges have been repaired since the deadly collapse of a Minneapolis bridge a year ago. There's plenty of blame to go around, but most officials seem to agree that the money just isn't there.

9/11 Model Backs Up Tower Collapse Theory

Jun 20, 2007
A two-year study of the World Trade Center Towers' collapse by Purdue University has reaffirmed the findings of the National Institute of Standards and Technology, which suggested that the buildings crashed under their own weight after crucial support columns and fireproofing were damaged or destroyed. The research team released an animation of the first plane's collision to show how heat and flame eventually brought the towers down.