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 )

Inflation Runs at a 26-Year High

Staff / Truthdig Jul 16, 2008 The once-mighty US dollar is full of hot air, or at least the rate of inflation is at a 26-year high due to the recent economic toils and astronomical energy prices Prices U consumers pay shot up 11 percent in June -- or more directly, your paycheck just got 11 percent smaller. Dig deeper ( 1 Min. Read )

Biofuels Blamed in Global Food Crisis

Staff / Truthdig Jul 4, 2008 While environmentalists and opponents of foreign oil may have found common cause in the use of biofuels, a new, confidential World Bank report estimates that the recent increase in plant-based fuel production has actually contributed to a 75 percent rise in global food prices, sparking riots across the world and pushing millions beneath the poverty line. Dig deeper ( 1 Min. Read )

Inquiry on Search Partnership

Staff / Truthdig Jul 2, 2008 A recent advertising partnership between search giant Google and competitor Yahoo has antitrust authorities worried. Not only does a Google-Yahoo deal look ridiculous in name, but critics (such as Microsoft) say the partnership would consolidate Google's control of Internet search ad revenue to a whopping 90 percent of U.S. market share. Dig deeper ( 1 Min. Read )

Starbucks Going From Venti to Grande

Staff / Truthdig Jul 2, 2008 Fine, so the headline was a bit much, but this was one time we didn't mind saying venti instead of large: Turns out that even the top bananas at Starbucks finally realized that they've overextended themselves, and due to the sagging economy, they're closing 600 U.S. retail locations. Great -- so that means there'll be only eight Starbucks stores on every block instead of nine. Dig deeper ( 1 Min. Read )

Greenspan Talks Recession as Oil Prices Soar

Staff / Truthdig Jun 25, 2008 Seems like everything is a crisis these days, what with the subprime mortgage crisis, the oil crisis and, perhaps most troubling of all, the climate change crisis. Former Federal Reserve Chairman Alan Greenspan acknowledged the complexity and interconnectedness of these unsettling trends Tuesday, stopping short of declaring that a major recession is on the way but without ruling out a recession of lesser magnitude. Dig deeper ( 1 Min. Read )

Bomb Rips Through Afghan Mosque at Evening Prayer

Staff / Truthdig Apr 18, 2008 A suicide bomber set off a deadly explosion near a mosque in a popular marketplace in Zaranj, Afghanistan, Thursday evening as men were gathering for prayer, killing 20 people and injuring about 30. Dig deeper ( 1 Min. Read )

Study: Testosterone May Impact Stock Market

Staff / Truthdig Apr 15, 2008 Here's a bit of news that's sure to inspire some uncomfortable jokes on the trading floor: A Cambridge University research team found that stock traders' performance, and their willingness to take risks, may be partly, well, hormonal. Dig deeper ( 1 Min. Read )

It Ain’t Argentina This Time

Staff / Truthdig Apr 9, 2008 The International Monetary Fund, the darling lending institution of neoliberal capitalists, believes that the US's current mortgage crisis is dragging down the world economy The IMF is predicting at least a two-year global economic downturn, led by the U credit crunch, that also has a gambling chance of turning into a "global recession". Dig deeper ( 1 Min. Read )

Slap Down ‘Free Market’ Pirates

Joe Conason / Truthdig Mar 27, 2008 For years, District Attorney Robert Morgenthau has warned that the nexus of capitalism and criminality poses a serious threat to America. With Bear Stearns now in ruins, maybe we will listen to him. Dig deeper ( 3 Min. Read )

Greed Is Not Good

Marie Cocco / Truthdig Mar 25, 2008 The housing crisis brings to mind Gordon Gekko, that fictitious ambassador of Wall Street whose words, then and now, remind us why uninhibited capitalism just doesn't work. Dig deeper ( 3 Min. Read )

Amid Economic Whiplash, a Bit of Glad News

Staff / Truthdig Mar 25, 2008 A sense of gloom still hangs over the economy, but there was cause for celebration Monday. Home sales are up for the first time in months, the dollar has regained some ground against the euro, and Wall Street had a triple-digit day. So why aren't investors smiling? Dig deeper ( 1 Min. Read )