Truthout
Economy
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Richard Wolff: Detroit a “Spectacular Failure” of System that Redistributes Pay from Bottom to Top
Kicking off a series of speeches about the economy, President Obama told a crowd in Illinois on Wednesday that reversing growing inequality and rejuvenating the middle class
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Detroit Red Wings Get New $400 Million Taxpayer-Financed Stadium While the City Goes Bankrupt
Frank Hammer: Detroit's road to ruin was paved by an ill-conceived economic model.
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Citizens and Teachers Resist Massive Public School Closures in Philadelphia
Both students and parents are at a loss as to what will happen in September.
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Detroit: Donald Cohen Warns of Privatization, Calls for Bailout
Detroiters are threatened with losing democratic control over public services.
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Expected Hedge Fund vs. Argentina Ruling Will Impact Global Poverty
Any day, the US 2nd Circuit Court will rule between Argentina and hedge funds; the ruling will impact global poverty and poor country access to credit. Argentina preemptively filed …
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Collateral Damage: QE3 and the Shadow Banking System
Ellen Brown: The Federal Reserve Act might have to be modified, but what Congress has wrought can change.
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The American Dream was Never to be Rich
Time and time again, there have been efforts made to control royalty and nobility in America.
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On the News With Thom Hartmann: Republicans Are Thrilled That Detroit Has Filed for Bankruptcy, and More
In today's On the News segment: For the GOP - the fall of Detroit is a talking point goldmine; The operator of Japan's crippled Fukushima nuclear power plant admitted …
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Mismeasuring Our Economy: Why the GDP is Not Useful
The GDP is the most commonly cited economic metric but it doesn't tell us what we need to know.
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The Brief, Tragic Reign of Consumerism…And the Birth of a Happy Alternative
You and I consume; we are consumers. The global economy is set up to enable us to do what we innately want to do—buy, use, discard, and buy some …