All Articles on Economy

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The Social Security and Medicare Cutters Are Very Unhappy
Who can blame them? The vast majority of people across the political spectrum oppose their plans to cut these programs. Furthermore, improved budget projections (partly because of cuts that are very bad news) have drastically reduced both current deficit projections and projections for longer term...
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Naomi Klein: 'Anti-Shock Doctrines' Show the Way to Resist
While media portray alternatives to austerity as "apocalypse," we must say no, but also "show the yes," said Klein
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Greece and the Crisis of Europe: Which Way Out?
The Greek economy has crashed, and now lies broken on the ground. The causes of the crisis are pretty well understood, but there hasn’t been enough attention to the different possible ways out. Our flight crew has shown us only one emergency exit—one that is just making things worse. But there is...
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We Are Not Greece, Portugal Is Not Cyprus, Or Is It
Calling on "all citizens, with or without party, with or without a job, with or without hope," a coalition of groups across Europe are planning a June 1 international demonstration, People United Against The Troika!, to protest austerity measures imposed by the all-powerful troika - International...
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The US and the Euro-Crisis: Lessons From a Comparison
There is a striking contrast between how the eurozone and the United States are handling their financial crises
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It's Time to Start Paying Close Attention to the Mechanisms of the Deregulation Machine
It's time to start paying close attention to the mechanisms of the deregulation machine. For the past 30 years, the business lobbies have pushed Congress and the executive branch to disassemble the regulatory system that has protected us from the worst excesses of Wall Street and Big Business. The...
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Bernie Sanders Takes on 'Too Big To Jail'
Senator Bernie Sanders challenged Attorney General Eric Holder in a speech on the Senate floor this week . Taking on Holder's statement that the Justice Department may not pursue criminal cases against big banks because filing charges could "have a negative impact on the national economy, perhaps...
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Labor Unions in the New Economy
The future of the labor union is increasingly coming into question with the relentless assault on the rights of workers to organize, resulting in the lowest levels of union membership since the 1930s. Part of this comes from the “Right to Work” or “Corporate Servitude” legislation passed in states...
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Cyprus Votes 'No' Against Austerity and 'the People' Cheer
Plan to levy individual's bank accounts rejected
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Why Cyprus Matters: The Eurozone Strikes Again
The kaleidoscope spins again; the shards are rearranged; this time, the fragment at the centre is Cyprus. Faced with yet another country needing an urgent bailout (and with the German election looming in September), Eurozone leaders and the IMF have come up with a new wheeze: make savers pay to...
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