Oh, the Naiveté, Mr. Krugman

Staff / Truthdig Dec 15, 2009 Here we have one of those columns that might have initially been missed (even by those of us who blog fastidiously about such things) that bears repeating, or re-posting, as the case may be: We submit, for your consideration, Paul Krugman's latest column. That is all. Dig deeper ( 1 Min. Read )

Steve Fraser on the Crisis of Capitalism

BLANK Nov 6, 2009 Does the prospect of deepening economic meltdown and political disarray raise the specter of a social upheaval and, perhaps, the collapse of capitalism, the likes of which we haven't seen since the Great Depression?Does the prospect of deepening economic meltdown and political disarray raise the specter of a social upheaval and, perhaps, the fall of capitalism? Dig deeper ( 20 Min. Read )

Bernanke Up for Round Two as Fed Chief

Staff / Truthdig Aug 25, 2009 After heading up the Fed during the nation's biggest economic catastrophe in decades, Federal Reserve Chairman Ben S. Bernanke will be nominated to continue his role for a second term, according to another top Obama adviser, David Axelrod. Dig deeper ( 1 Min. Read )

Chairman Bernanke Explains It All

Staff / Truthdig Jul 27, 2009 On Sunday, Federal Reserve Chairman Ben Bernanke met the media, or at least PBS "NewsHour" anchor Jim Lehrer, along with some concerned citizens of Kansas City, Mo., to discuss how the Fed has dealt with the ongoing economic catastrophe over the past few months. Dig deeper ( 1 Min. Read )

90-Year-Old Madoff Client Goes Back to Work

Staff / Truthdig Feb 28, 2009 Even though this CBS report seems to want to make a feel-good story out of this one, it's more the stuff of nightmares, despite 90-year-old Ian Thiermann's good-natured take on his fate. After being retired for 30 years, Thiermann discovered that he'd lost his entire retirement fund due to Bernie Madoff's shenanigans, and now Thiermann is working for $10 an hour in a California supermarket. Dig deeper ( 1 Min. Read )

Here Comes the Change

Bill Boyarsky / Truthdig Jan 14, 2009 Like many other people, I’d like to party all week when Barack Obama is sworn in as president. But this isn’t the year for it, not with unemployment rising and fear spreading through the land. Dig deeper ( 4 Min. Read )

Surprise! Paulson Sneaked $150B Bank ‘Windfall’ Into Bailout

Staff / Truthdig Nov 11, 2008 Perhaps we should be more surprised than we are by the news that Treasury Secretary Henry Paulson and his DOT crew managed to sneak a handful of sentences into the approved bailout bill that amounted to a $150-billion "quiet windfall" for American banks, as The Washington Post put it. Dig deeper ( 2 Min. Read )

The Battle for Obama’s Economic Soul

Robert Scheer / Truthdig Oct 22, 2008 Instead of running with the "European socialist" crowd, as John McCain has claimed, Barack Obama has turned to the same American “free market” elite that views government as merely a corporate subsidiary. Even within that group, however, there are serious splits, and the more enlightened side seems to be winning. Dig deeper ( 3 Min. Read )

McCain Adviser on Economy: ‘Things Today Just Aren’t That Bad’

Staff / Truthdig Sep 15, 2008 On Sunday, The Washington Post ran an Op-Ed piece written by McCain campaign adviser Donald Luskin in which he argues that, despite "trouble spots in the economy," recent comparisons between the present moment and the Great Depression are the product of "pessimists" and "politics." Over to you, Alan Greenspan. Dig deeper ( 1 Min. Read )

The Military-Industrial Complex: It’s Much Later Than You Think

Chalmers Johnson / Truthdig Jul 28, 2008 Since 1961, there has been too little serious study of, or discussion of, the origins of the military-industrial complex, how it has changed over time, how governmental secrecy has hidden it from oversight by members of Congress or attentive citizens, and how it degrades our constitutional structure of checks and balances. Dig deeper ( 15 Min. Read )

New York Times Roundup

Staff / Truthdig Feb 5, 2006 The Gray Lady publishes a slew of important and underreported stories its Saturday edition: Two federal courts strike down the Partial Birth Abortion Act because it doesn't have an exception for the life of the mother Yahoo and AOL are going to introduce digital postage stamps that companies can buy to ensure delivery of their e-mail Most Internet users have no idea how easy it is for courts to get ahold of their personal information The personal savings rate of Americans falls below zero for the first time since the Great Depression Now James Frey's editor says that he, too, was fooled by the fabricating fabulist. Dig deeper ( 1 Min. Read )