More Austerity Coming to Spain

Staff / Truthdig Dec 31, 2011 Spain announced a package of spending cuts and tax increases Friday after the new government said the budget shortfall is deeper than the outgoing administration had led it to believe. Meaningful structural reforms have yet to be proposed, and the full extent of the cuts is unlikely to be made known until after regional elections in late March. Dig deeper ( 1 Min. Read )

Brussels Summit Will Not Avert Eurozone Crisis

Staff / Truthdig Dec 11, 2011 At the close of an economic summit that appears to have failed to rescue Italy, Spain and more of Europe from sinking deeper into a mire of recession, Guardian economics editor Larry Elliott prefigures the collapse of the euro as a unifying currency of the European Union. (more) Dig deeper ( 2 Min. Read )

A Major Bump in the Road

Staff / Truthdig Nov 16, 2011 Much rides on America’s highways, vital arteries in the movement of people and goods. The problem is, the roads are crumbling at a time when money to fix them is hard to come by. (more) Dig deeper ( 2 Min. Read )

As Another Crisis Looms, a Case for the Euro and Collective Action

Staff / Truthdig Sep 21, 2011 In the discussion over how to solve Europe's financial crisis, opponents of the euro argue "that it is a monetary straitjacket and that the best reform now would be its breakup." Not so, says Will Hutton, author, columnist and former editor-in-chief of The Observer. (more) Dig deeper ( 2 Min. Read )

The Dirty Secret of the Jobless Recovery

Staff / Truthdig Jul 3, 2011 Have you ever asked yourself what makes a "jobless recovery" possible? Since the beginning of the recession, American companies have trimmed their staffs and shifted work to remaining employees, largely without increasing pay, and those workers are not reaping the benefits. (more) Dig deeper ( 2 Min. Read )

N.Y. Attorney General Wants Answers From Big Banks

Staff / Truthdig May 17, 2011 Homing in on mortgage-backed securities, New York Attorney General Eric Schneiderman has requested records from Bank of America, Morgan Stanley and Goldman Sachs as part of a broad investigation into the causes of the financial meltdown of 2008. (more) Dig deeper ( 1 Min. Read )

World Bank President Sounds a Warning

Staff / Truthdig Apr 18, 2011 With rising food prices and soaring unemployment wreaking havoc across the developing world, World Bank President Robert Zoellick has some dreary news, declaring that the world is "one shock away from a full-blown crisis." Dig deeper ( 1 Min. Read )

Arizona Wants to Punish Bad Health Habits

Staff / Truthdig Apr 3, 2011 Budget-strapped Arizona is looking for new ways to pinch pennies. Now the state’s Medicaid agency is proposing to smack smokers and diabetes patients who ignore doctors' orders with special $50 annual fees. Dig deeper ( 1 Min. Read )

Showdown Takes Shape in Ivory Coast

Staff / Truthdig Apr 1, 2011 The West African nation of Ivory Coast is under crisis as troops supporting the United Nations-recognized president, Alassane Ouattara, move for a final push to oust Laurent Gibagbo, the sitting president. Dig deeper ( 1 Min. Read )

EU Moves to Shore Up Bailout Fund

Staff / Truthdig Mar 26, 2011 European Union financial officials meeting in Brussels have agreed on the setting up of a permanent bailout fund, even as Portugal reportedly teeters on the precipice of financial collapse. Dig deeper ( 1 Min. Read )

Lehman Execs May Escape Charges

Staff / Truthdig Mar 13, 2011 Officials at the SEC have begun to doubt that the agency can prove that executives of the now-defunct Lehman Brothers investment bank broke the law after the company allegedly moved billions of dollars off its balance sheet. Dig deeper ( 1 Min. Read )

Wisconsin Governor Moves to Gut Public Sector Unions

Staff / Truthdig Feb 13, 2011 Gov. Scott Walker in cash-strapped Wisconsin is pretty sure he's doing the right thing in trying to ram through a bill ending collective bargaining rights for most public employees. But, just in case, he's putting the National Guard on alert. Dig deeper ( 1 Min. Read )