Crisis Deepens in Burma as Cyclone Toll Passes 22,000

Staff / Truthdig May 6, 2008 As more details of the devastation left by Cyclone Nargis in Burma emerge, it's becoming clear that the storm is one of the worst disasters in years The Burmese government is being criticized for responding inadequately and too slowly to the crisis, and President Bush, himself no stranger to this kind of criticism, is calling on Burma's "military junta [to] allow our disaster assessment teams into the country" in order to help. Dig deeper ( 1 Min. Read )

Ticker Tape Ain’t Spaghetti

Amy Goodman / Truthdig May 1, 2008 Food riots are erupting around the world. Behind the hunger, behind the riots, are so-called free-trade agreements, and the brutal emergency-loan agreements imposed on poor countries by financial institutions like the International Monetary Fund. Dig deeper ( 3 Min. Read )

Burning Down the House

Staff / Truthdig Apr 21, 2008 From the L Times: "In what appears to be the latest symptom of the nation's mortgage meltdown and credit crisis, insurers, law enforcement officials and state agencies nationwide report a jump in home and automobile fires in the last year believed to have been set by owners unable to pay their debts". Dig deeper ( 1 Min. Read )

The Other Shoe Drops

Tab, The Calgary Sun Apr 21, 2008 Dig deeper

Billions to Business in Foreclosure Bill

Staff / Truthdig Apr 16, 2008 With a mind-set reminiscent of the Bush administration's recent bailout of mortgage lenders, the Senate last week approved the Foreclosure Prevention Act, a bill that provides billions of dollars in tax breaks to big businesses like Ford and General Motors but takes only modest steps in addressing the plight of homeowners. Dig deeper ( 1 Min. Read )

How Can We Miss Him if He Won’t Go Away?

Satire by Andy Borowitz Apr 15, 2008 Maybe what the economy needs is for George Bush to go to Disney World and stay there. 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 USS Economy

Mike Luckovich / Truthdig Apr 10, 2008 Dig deeper

It Ain’t Argentina This Time

Staff / Truthdig Apr 9, 2008 The International Monetary Fund, the darling lending institution of neoliberal capitalists, believes that the US's current mortgage crisis is dragging down the world economy The IMF is predicting at least a two-year global economic downturn, led by the U credit crunch, that also has a gambling chance of turning into a "global recession". Dig deeper ( 1 Min. Read )

Seven Years of Scandal

Marie Cocco / Truthdig Apr 8, 2008 The latest plot twists are stunners, even as they unfold against the scandalous backdrop of the Bush administration's sorry regulatory record. Dig deeper ( 3 Min. Read )

It’s the Economy, John

Staff / Truthdig Mar 28, 2008 Both Hillary Clinton and Barack Obama gave major economic policy speeches Thursday, outlining specific proposals and highlighting John McCain's relative weakness on the subject. Obama called for a boost in regulation and an additional $30 billion in stimulus while Clinton proposed a job retraining program. Dig deeper ( 1 Min. Read )

Kenya Talks on Hold

Staff / Truthdig Feb 27, 2008 Former U.N. Secretary-General Kofi Annan has suspended negotiations in Kenya, saying, "The leaders have to assume their responsibilities and become directly engaged in these talks." Annan has been mediating a political crisis marked by tribal violence that has claimed at least 1,500 lives. Dig deeper ( 1 Min. Read )