GDP Logs a 3.2% Rise in 4th Quarter

Staff / Truthdig Jan 29, 2011 Even though it fell short of economists’ expectations, a 3.2 percent rise in the GDP during the last quarter of 2010 has rekindled hopes that the U.S. economy may be moving toward sustainable recovery. Dig deeper ( 1 Min. Read )

Riots Rock Algeria Over Prices, Jobs

Staff / Truthdig Jan 8, 2011 Protests erupted in the Algerian capital of Algiers and several other cities this week as people took to the streets over a doubling of food prices and a stubborn 25 percent unemployment rate. Dig deeper ( 1 Min. Read )

A Crisis Economy of Language

Staff / Truthdig Dec 27, 2010 With the world economy still wallowing in crisis and social services being cut across poor and rich nations alike, it’s not surprising that the winner of Merriam-Webster’s annual “Top Ten Words of the Year” for 2010 is … austerity. Dig deeper ( 2 Min. Read )

Dueling Presidents in Ivory Coast

Staff / Truthdig Dec 5, 2010 In an electoral equivalent of the game of chicken taken to the extreme, two candidates for the Ivory Coast presidency have both sworn themselves in, claiming the post for their own and sparking a major political crisis in the West African country. Dig deeper ( 1 Min. Read )

Joblessness Ticks Higher in November

Staff / Truthdig Dec 4, 2010 Like a recalcitrant and over-sugared child, U.S. unemployment figures just won’t settle down. The country’s jobless rate ticked up to 9.8 percent in November, a world away from economic recovery. Dig deeper ( 1 Min. Read )

Irish Take to the Streets

Staff / Truthdig Nov 28, 2010 Tens of thousands of people took to the Irish streets Saturday to sound off against an IMF-backed austerity plan that would usher in deep spending cuts and higher taxes. Dig deeper ( 1 Min. Read )

Soccer Star Boots the Banks

Staff / Truthdig Nov 22, 2010 While European economies stutter and protests in a number of European countries continue to go unanswered, it's almost hilarious that we may turn to 1990s soccer sensation Eric Cantona for help. A Cantona interview has become a YouTube sensation, launching an online political movement based on non-participation within capitalism. Dig deeper ( 1 Min. Read )

$50 Billion for Irish Bailout

Staff / Truthdig Nov 20, 2010 Although it may sound like a delicious alcoholic beverage rather than a $50 billion rescue of Ireland's capitalist apparatus, an Irish bailout by the International Monetary Fund, the European Commission and the European Central Bank is being discussed as the island country reels from debt and failed banks. Dig deeper ( 1 Min. Read )

EU to Institute Stricter Euro Zone Rules

Staff / Truthdig Oct 30, 2010 Like a well-financed and politically powerful parent, the European Union has agreed to implement tougher rules for euro zone countries that overspend and over-borrow to “deter bad budgetary behavior” that could lead the currency into yet another crisis. Dig deeper ( 1 Min. Read )

Sarkozy’s Crisis

Dario Castillejos, Cagle Cartoons, Dario La Crisis Oct 23, 2010 Dig deeper

Haitians Protest U.N. ‘Occupation’

Staff / Truthdig Oct 16, 2010 A crowd of about 100 protesters has blocked the entrance to the UN military headquarters in Port-au-Prince, Haiti, spraying anti-U slogans on vehicles and carrying banners saying "Down with the occupation!" while news comes that U peacekeeping forces will remain in the beleaguered country for an additional year. Dig deeper ( 1 Min. Read )

U.S. Household Wealth Falls by $1.5 Trillion

Staff / Truthdig Sep 18, 2010 This just in: US households are getting poorer As the crisis continues to wreak havoc on our economy, new data from the Federal Reserve tells us that U net household worth has dropped $15 trillion in the second quarter of 2010 and is down more than $10 trillion since the recession began. Dig deeper ( 1 Min. Read )