Oil Hits New High, Again

Staff / Truthdig May 23, 2008 The price of a barrel of crude oil has doubled over the last year, reaching a record $135 on Thursday. With dwindling supplies and a weak dollar, analysts expect the price to go up for some time. Dig deeper ( 1 Min. Read )

Amid Economic Whiplash, a Bit of Glad News

Staff / Truthdig Mar 25, 2008 A sense of gloom still hangs over the economy, but there was cause for celebration Monday. Home sales are up for the first time in months, the dollar has regained some ground against the euro, and Wall Street had a triple-digit day. So why aren't investors smiling? Dig deeper ( 1 Min. Read )

The Not So Almighty Dollar

Will Durst / Truthdig Dec 3, 2007 Talk about how the almighty have fallen. The dollar is headed downhill faster than Bode Miller on a set of rocket skis. Think nose dive. Plummetville. Plunge City. Belly Floppo Rama. Recession is such an ugly word. Dig deeper ( 3 Min. Read )

Money Problems

Mike Luckovich / Truthdig Nov 20, 2007 Dig deeper

Chavez and Ahmadinejad Huddle in Iran

Staff / Truthdig Nov 20, 2007 Venezuelan President Hugo Chavez stopped off in Tehran to meet with Iranian President Mahmoud Ahmadinejad on Monday after the weekend's OPEC summit in Saudi Arabia, marking Chavez's fourth trip to Iran in two years. During their tête-à-tête, the two least likely leaders to drop in for dinner at the White House discussed, among other things, the dollar's recent and precipitous decline. Dig deeper ( 1 Min. Read )

The New British Invasion

Staff / Truthdig Nov 19, 2007 With the dollar getting weaker all the time, the ailing housing market is getting a little relief from an unexpected source: foreigners. Brits in particular have been tempted by bargain homes in glamorous locales such as Manhattan, where one-third of all new condominiums are selling to foreign buyers. Dig deeper ( 1 Min. Read )

India Snubs the Dollar

Staff / Truthdig Nov 17, 2007 The dollar has simply fallen too low for India, which will no longer accept the greenback at its many tourist sites, including the Taj Mahal. Tourism ministry officials said they had to move quickly in order to protect Indian revenues from the dollar's free fall. Remember when the dollar was like gold in the developing world? Dig deeper ( 1 Min. Read )

Monopoly Money

Tab, The Calgary Sun Nov 12, 2007 Dig deeper

Money for Nothing

Staff / Truthdig Mar 16, 2007 The news that the Treasury will once again sheepishly release a small batch of dollar coins raises the question: Why are Americans so hung up on paper money when countries like Britain and Canada have enjoyed the benefits of coinage for years? Don't scoff -- the Government Accountability Office estimates potential savings at $500 to $747.5 million annually. Dig deeper ( 2 Min. Read )