Truthout
Economy
Consumption Drops, Unemployment Rises, and DC Politicians Are Clueless: Here’s Why
Government is not only a direct employer but also a major consumer in the private sector.
The Financial Instrument That Could Save the Economy – and Why It Hasn’t
QE doesn't put more money in circulation; it cleans up the banks' toxic balance sheets.
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Don’t Blink, or You’ll Miss Another Bailout
Many people became rightfully upset about bailouts given to big banks during the mortgage crisis. But it turns out that they are still going on, if more quietly, through …
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Fear of US Cuts Grows in States Where Aid Flows
States are increasingly alarmed that they could become collateral damage in Washington's latest fiscal battle.
Sequestration: What Do the Automatic Spending Cuts Mean for the Poor, Unemployed and Children?
The word of the month in Washington is
Raising the Minimum Wage Is Good for Business (But the Corporate Lobby Doesn’t Think So)
Studies reveal that higher minimum wage levels do not force employers to lay off workers.
On the News With Thom Hartmann: New Orleans Judge Reduces BP’s Liability, and More
A week before BP's civil trial for the 2010 Gulf oil disaster, a district judge in New Orleans just reduced the company's liability by $3.4 billion.
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A History Lesson for Scaremongers
Paul Krugman: At worst, we're something like France in the 1920s, with its floating exchange rate and large wartime debt.
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Scrap the Sequester, Solve Inequality
Itu2019s time to close the tax loopholes and make Americau2019s billionaire class pay its fair share of taxes like the rest of us do.
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How Congress Could Fix Its Budget Woes, Revisited: The Financial Transactions Tax Alternative
The tax could raise $1 trillion in new revenue per year.