Austerity

In a big derivatives bust, there may be no collateral left for the creditors who are next in line.

Ellen Frank: Conservatives' real aim in their fiscal brinkmanship is to gut Social Security and Medicare.

A major new study published in The Lancet makes clear that austerity policies adopted in the European south have produced health care crises.

Then they complain about the cuts, but still demand cuts somewhere else and add new demands that someone ELSE decide what should be cut.

As Washington lawmakers pushes new austerity measures, economist Richard Wolff calls for a radical restructuring of the US economic and financial systems.

The eyes of the financial world are on the small Mediterranean island of Cyprus.

If the negotiations prove fruitless, the next budget crisis looms this summer when Congress must again raise the government's statutory borrowing limit or risk defaulting on the federal debt.

The current economic battle on this tiny island has taken on global significance.

LIFT stands for ‘Let's Invest for Tomorrow,’ but it really ought to be called LIE, for ‘Let's Invest Elsewhere.’

Sarah Lazare reports from Cairo's City of the Dead, an ancient cemetery inhabited by people too poor to pay rent.