“It’s as if the people of the Soviet Union had never heard of communism,” observes British writer George Monbiot.
If you’re an ordinary saver with money in the bank, you may soon be paying the bank to hold your funds rather than the reverse.
The Democratic presidential candidate presented himself as heir to the populist legacy of Franklin Delano Roosevelt in the clearest articulation yet of his political philosophy and vision for the United States.
Thousands took part in a “march for dignity” and against austerity measures in Madrid on Saturday on the eve of a closely watched regional election in southern Spain.
U.K. researchers report that the economic crisis in Europe and North America has contributed to the suicides of more than 10,000 people.
Former Wall Street executive, financial journalist and Truthdig contributor Nomi Prins tells "Democracy Now!" how a small number of bankers have played critical roles in shaping a century’s worth of financial, foreign and domestic policy in the United States, a series of events that she documents in her new book, "All the Presidents' Bankers: The Hidden Alliances That Drive American Power."
"Hundreds of pages of transcripts, based on recordings made at the time, reveal the ignorance of Fed officials about economic conditions during the climactic months of the financial crisis," The New York Times reports.
Very few people seem to know that the crisis began in a shadowy part of the financial system called repo, which is short for repurchase agreement.
Economist Michael Hudson talks about how the economic crisis, austerity, U.S. economic policy and decisions made by local political parties shaped Ireland's economy.
The three- to six-month trial of three senior executives at the bank that almost bankrupted Ireland starts this week. About 350 people volunteered to serve on the jury, giving a sense of interest in the case.