Truthout
Economy
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Ninety-Nine Percent Spring and Confronting Corporate Power
At this moment, we face an incredible choice. We can fight to win back the economy we had before the financial crisis. Or, we can allow ourselves to reimagine …
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Whose World Bank?
New York - US President Barack Obama's nomination of Jim Yong Kim for the presidency of the World Bank has been well received – and rightly so, especially given …
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Beware of Austerity’s Vicious Circle
(Image: CartoonArts International / The New York Times Syndicate) One of the key arguments made by the proponents of fiscal austerity, even in a deeply depressed economy, has involved …
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There Will Be Cheating: Another Gift to Big Banks Hidden in Obama’s Principal Reduction Strategy
If you ask a homeowner who has tried to get a government-certified mortgage modification from a bank, half the time you’ll hear a story of lost paperwork, incompetence, and …
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Payola for the Most Profitable Corporations in History (and Why Taxpayers Shouldn’t Stand for It Any More)
Along with “fivedollaragallongas,” the energy watchword for the next few months is: “subsidies.” Last week, for instance, New Jersey Senator Robert Menendez proposed ending some of the billions of …
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Finance Expert Says Speculators Are Behind High Oil and Gasoline Prices
(Photo: brownpau) Washington - Financial speculators are gambling on oil the same way they gambled on the housing market a few years ago — a frightening prospect for the …
Drones Flying Under the Radar
Drones are the future, especially in foreign wars, surveillance and law enforcement. In all sizes, armed and unarmed, drones are proliferating at home and abroad. Some are loaded …
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In the Great Recession, Even Death Is Too Expensive for the Poor
Rita is only in her 30s, but she knows all about death. What she didn't know until recently is how expensive it is, especially now in the Great Recession, …
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The ROBS Act
Hallelujah, Washington has finally heard the people's cries for jobs! In an urgent bipartisan push, Democrats and Republicans have joined hands across the aisle to pass the JOBS Act. …
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He’ll Still Be the Mitt We Know
Washington - The problem for Mitt Romney, assuming he eventually wins the GOP nomination, is that a general election campaign isn't really like an Etch a Sketch. Alas, traces …