IMF Warns of Pending Global Downturn

Staff / Truthdig Oct 8, 2008 With all the negativity in the ether regarding the stability of the world economy, it's surprising that the International Monetary Fund took so long to throw its two cents into the fray. Never the fund to disappoint, the IMF issued a report Wednesday that warns of a pending global downturn following the U.S. credit crisis, as confidence falters in finance and credit markets around the world. Dig deeper ( 1 Min. Read )

Waking Up to the Multipolar World

Eugene Robinson / Truthdig Aug 19, 2008 Between the sight of China's dazzling Olympics and the sound of Russian tanks, it's clear that America is not the only big shot in the world. Will John McCain and Barack Obama take notice? Dig deeper ( 3 Min. Read )

New World Trade Treaty Plowed Under

Staff / Truthdig Jul 30, 2008 The World Trade Organization talks in Geneva finally imploded Wednesday, as negotiations over farm subsidies and labor standards collapsed into an immovable standstill between wealthy and poorer countries. The talks, defended heavily by the "developed world," are seen by critics as an instrument to serve corporate interests. Dig deeper ( 1 Min. Read )

There’s More to the Economy Than Taxes

Marie Cocco / Truthdig Jul 22, 2008 Using taxes as the centerpiece of -- or as a substitute for -- a more comprehensive economic policy is the idea that has dominated Washington since the rise of Reaganism nearly three decades ago, but the global forces shaping the U.S. economy are more powerful than a mere tax cut, or tax hike. Dig deeper ( 3 Min. Read )

The Do-It-Yourself Economy

Ellen Goodman / Truthdig Jul 17, 2008 We are expected to interact with "labor-saving technology" without realizing that it's labor-transferring technology. The job has not been "saved"; it's been taken out of the paid sector, where employees have a nasty habit of expecting salaries, and put into the unpaid sector, where suckers 'r' us. Dig deeper ( 3 Min. Read )

Gap Kids

Mr. Fish / Truthdig Jul 15, 2008 Dig deeper

Furriners Buy Bud!

Staff / Truthdig Jul 14, 2008 For $52 billion, Belgian beer giant InBev will gain control of Anheuser-Busch, the mighty producer of Bud Light and Budweiser, America's #1- and #2-selling beers, respectively. In one swoop, the Euro brewery secures half the U.S. market. Dig deeper ( 1 Min. Read )

McCain Adviser: Recession All in Our Minds

Staff / Truthdig Jul 11, 2008 According to Phil Gramm, the former senator from Texas who's now a key economic adviser to Sen. John McCain, America's economic woes, insofar as they actually exist, are the product of some stinking thinking by "a nation of whiners" and doom-and-gloom headlines from the U.S. media. Dig deeper ( 2 Min. Read )

Doug Henwood on the Global Power Elite

BLANK Jun 27, 2008 Are we now ruled by an international "superclass" that hollows out traditional notions of national sovereignty, and whose loyalties are only to the bottom line and its own members? Dig deeper ( 7 Min. Read )

How to Rule the World After Bush

By Mark Engler May 19, 2008 How has the Bush administration changed the world economically, and what it will mean for the next administration? Also, if Bush-style "imperial globalization" is rejected in January, what will American ruling elites try to turn to -- Clinton-style economic globalization? Dig deeper ( 10 Min. Read )

Toward a New Washington Consensus

David Sirota / Truthdig May 16, 2008 What passes for smart economic policy is actually a set of right-wing globalization measures that destabilizes the world economy. For the sake of Americans and others, our politicians need to wise up. Dig deeper ( 3 Min. Read )

Ticker Tape Ain’t Spaghetti

Amy Goodman / Truthdig May 1, 2008 Food riots are erupting around the world. Behind the hunger, behind the riots, are so-called free-trade agreements, and the brutal emergency-loan agreements imposed on poor countries by financial institutions like the International Monetary Fund. Dig deeper ( 3 Min. Read )