And Now for a Little Good News About the Economy

Kasia Anderson / Truthdig Jul 30, 2014 The Federal Reserve released some positive news Wednesday about the state of the U.S. economy, pointing to better figures than expected in the second quarter of 2014 while registering ongoing concern about unemployment. Dig deeper ( 1 Min. Read )

Venezuela Braces for More Violence

Alexander Reed Kelly / Truthdig Feb 14, 2014 A week of protests in Venezuela resulted in the deaths of three people and more than 20 injured Wednesday, leaving President Nicolas Maduro in a struggle to restrain discontent among opposition groups and radical elements of his Chavista movement. Dig deeper ( 1 Min. Read )

The Insider’s Economic Dictionary: I Is for Ideology

By Michael Hudson Nov 30, 2013 Ideology: A set of assumptions so appealing that one looks at their abstract logic rather than how the world actually works. (See Insanity.) Dig deeper ( 7 Min. Read )

The Insider’s Economic Dictionary: H Is for Half-Life

By Michael Hudson Nov 24, 2013 Hubris: A Greek term meaning overgrowth or proliferation, an addiction to power involving abusive behavior toward others, above all by victimizing people economically, typically as creditors. Dig deeper ( 2 Min. Read )

Republicans Dismiss Obama’s Budget Proposal

Alexander Reed Kelly / Truthdig Apr 6, 2013 Thanks to Speaker of the House John Boehner and his fellow Republicans in the chamber, there is serious legislative opposition to the attack on Social Security that President Obama proposed in his budget plan this week. Dig deeper ( 1 Min. Read )

How Congress Could Fix Its Budget Woes Permanently

By Ellen Brown, Web of Debt Feb 14, 2013 Money today is simply a legal agreement between parties. Nothing backs it but “the full faith and credit of the United States.” The United States could issue its credit directly to fund its own budget, just as our forebears did in the American colonies and as Abraham Lincoln did in the Civil War. Dig deeper ( 7 Min. Read )

Inflation

Pavel Constantin, Cagle Cartoons, Romania Feb 4, 2013 Dig deeper

Pick Paul Krugman, Mr. President

Alexander Reed Kelly / Truthdig Jan 6, 2013 The Nobel Prize-winning economist and public advocate is at the top of every liberal’s wish list for President Obama’s second-term Cabinet appointments. Dig deeper ( 2 Min. Read )

Fed Changes Growth, Employment Forecast for the Worse

Staff / Truthdig Nov 3, 2011 Back in June, the Federal Reserve predicted a sunnier economic future for the U.S. than it did Wednesday, when the Fed released revised figures for both growth (it'll happen more slowly) and unemployment (it'll continue to hover around 9 percent) through 2012. But the news wasn't all gloomy. Dig deeper ( 1 Min. Read )

U.S. Income Levels Plunged as Recession Lifted

Staff / Truthdig Oct 10, 2011 More interesting, perhaps, than this New York Times article's proffered data on falling household incomes and the reasons for same is its official timeline for our nation's most recent recession: “ … From December 2007 to June 2009." (more) Dig deeper ( 1 Min. Read )

Stock Market’s Wild Ride Continues

Staff / Truthdig Aug 18, 2011 The stock market is revisiting last week's extreme volatility, with the Dow Jones average plummeting 471 points in the first two hours of trading Thursday. (more) Update: At the closing bell, the Dow was down about 419 points, 3.7 percent, to roughly 10,990. Dig deeper ( 1 Min. Read )

Paul Krugman’s ‘Twilight Zone’ Economics

Staff / Truthdig Aug 15, 2011 Nobel Prize-winning economist Paul Krugman employed a bit of imagination while discussing the need for fiscal stimulus on Fareed Zakaria's "GPS" last week, playfully suggesting that the discovery of an impending alien attack would force (more). Dig deeper ( 1 Min. Read )