economics

Bush Spotty on Economics, Grades

Sep 20, 2007
Anyone considering a bid for the presidency these days should keep records of their college (and, to be extra-safe, high school) report cards handy, judging by President Bush's take on the state of the nation's economy and the relation of that topic to his own educational history.
Join our newsletter Stay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.

UK Forces Climate Talks at U.N.

Apr 18, 2007
Over the objections of other members, the UK has brought the climate change debate to the UN Security Council Russia, China and Pakistan said it was the wrong venue for the issue, but U Secretary-General Ban Ki-Moon and British Foreign Secretary Margaret Beckett pointed out that rising sea levels, mass migration and economic catastrophe would almost certainly impact global security.

Home Foreclosures on the Rise

Mar 5, 2007
As interest rates continue to spiral out of control for many high-risk borrowers, the number of home foreclosures around the country is steadily going up. There isn't much good news for the opportunistic lenders either -- more than 20 mortgage companies have already gone bankrupt.

Greenspan Forecasts Recession

Feb 27, 2007
Alan Greenspan used his powers of economic foresight Monday to caution Americans about a possible upcoming recession. While the former Fed chairman stressed that he can't accurately predict changes far in advance, Greenspan speculated that we may see a dip in the economy within the year.

How Cubans Make It Work

Jan 5, 2007
Since the dissolution of the Soviet Union in 1991 removed much of the padding from Cuba's economy, Cubans have found some creative ways to alleviate the financial hardships of life under the communist system.

Report: World Bank Fails to Address Poverty

Dec 10, 2006
A new report by the World Bank's Independent Evaluation Group criticizes the international lending organization for failing to alleviate global poverty with programs that focus too single-mindedly on growth. The bank estimates that 1.1 billion people subsisted on less than $1 per day in 2001. (h/t: Common Dreams)