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Austerity Measures

Meet TINA, Greece's New Prime Minister

Sotiris Mitralexis | Posted 09.21.2015 | World
Sotiris Mitralexis

After his humiliating capitulation in July, PM Alexis Tsipras didn't resort to merely admitting a defeat, but turned his profound U-turn into an ideology.

Don't Count on Inflation Anytime Soon

Harlan Green | Posted 09.23.2015 | Business
Harlan Green

Inflation won't happen in the near future because it's as much due to misguided government policies by the modern Austerians that have stopped eurozone growth by demanding draconian cuts in government spending and budget deficits that would create growth.

Gabriel Arana

Watch Pundits Get The Greek Referendum Totally Wrong | Gabriel Arana | Posted 07.13.2015 | Media

Polls, in themselves, are a useful tool for gauging public opinion on a given issue. The math behind them is amazing, if you think about it: By survey...

The Power of Investing in People

Epaminondas Farmakis | Posted 06.16.2015 | Impact
Epaminondas Farmakis

Throughout the course of history, it has been proven that investing in a country's human capital contributes to economic growth, often alleviating the effects of economic depressions or recessions.

Collateral Financial and Economic Damage Debased

Nicos E. Devletoglou | Posted 06.07.2015 | World
Nicos E. Devletoglou

The mind boggles. Because no one seems willing to appreciate, whether in Berlin, Brussels or Athens, that the situation could easily be normalized at this stage if the Greek sovereign debt were accordingly adjusted in real terms to compensate for such "unintended" damage.

35 Powerful Images of Kindness Found Within Conflict

Kindness Blog | Posted 12.29.2014 | Good News
Kindness Blog

During times of conflict and political or religious civil unrest, the power of the human spirit's capacity for non-violent protest and kindness still shines through.

Concrete Action Needed This Week from the World Bank and IMF to Combat Inequality

Raymond C. Offenheiser | Posted 12.08.2014 | Impact
Raymond C. Offenheiser

At this week's annual meetings of the World Bank Group and International Monetary Fund (IMF), the topic of inequality is buzzing. And rightly so given that extreme economic inequality is one of the largest barriers to ending extreme poverty.

California vs. Kansas

Harlan Green | Posted 09.28.2014 | Business
Harlan Green

In the great economic battle between pro-government and anti-government policies, California vs. Kansas has been the featured contest, and California has won.

Q1 GDP Plunge -- Austerity Must End

Harlan Green | Posted 08.27.2014 | Business
Harlan Green

That is, we have to end those policies that have lowered tax revenues and limited government spending for too long. They have literally been counter-productive, and hobbled economic growth.

How The Government Killed The Middle Class, In 1 Chart

The Huffington Post | Jillian Berman | Posted 04.28.2014 | Business

Politicians at all levels of government claim they want to help the middle class, but few things lately have hurt the middle class more than governmen...

Weak Employment Is American Austerity at Work

Harlan Green | Posted 04.09.2014 | Business
Harlan Green

Is economic growth grinding to a halt, even as pundits predicted better growth in 2014? It does look like past austerity policies are still holding U.S. back.

Luke Johnson

Here Are All The Times Congress Screwed Americans This Year In The Name Of Austerity | Luke Johnson | Posted 01.23.2014 | Politics

WASHINGTON -- As the year winds to a close, Congress is cautiously celebrating passing a year-end budget that relieves just about a third of the seque...

How to Destroy an Entire Country

Rep. Alan Grayson | Posted 02.13.2014 | Politics
Rep. Alan Grayson

So we cannot properly attribute the catastrophe in Greece to labor protection, nor can we attribute it to government borrowing. What is the cause, then?

Austerity Is Not the Answer for the Eurozone

Iván H. Ayala | Posted 02.08.2014 | Impact
Iván H. Ayala

The reality is that the "austerity," imposed by elites and governments, has led us to an untenable macroeconomic situation.

Growth vs. Austerity: A False Choice

Robert Hardaway | Posted 07.15.2013 | Business
Robert Hardaway

Promoters of austerity assert that when government deficits reach a certain critical level, economic growth becomes un-sustainable. Advocates of growth contend that austerity itself stifles growth.

Mark Gongloff

How Many Jobs We're Losing Thanks To Austerity | Mark Gongloff | Posted 06.07.2013 | Business

Austerity isn't just hurting the U.S. economy right now -- the damage is going to last for many years. A new study by the Center for American Progr...

Michael McAuliff

Senator Hammers Heritage Foundation Testimony At Hearing | Michael McAuliff | Posted 06.05.2013 | Politics

WASHINGTON -- Sen. Sheldon Whitehouse (D-R.I.) slammed a Heritage Foundation economist in an open Senate hearing Tuesday, suggesting the conservative ...

My Humble Greek Lean Easter

Justine Frangouli-Argyris | Posted 06.30.2013 | Religion
Justine Frangouli-Argyris

It will definitely be a lean Easter! But what is Easter for us Greek Orthodox?

Reality 1, Austerity 0

Robert Kuttner | Posted 04.28.2013 | Politics
Robert Kuttner

It's been a very bad week for the merchants of austerity. In Europe, the just-released statistics on first quarter performance show EU nations sliding deeper into recession. In Spain and Greece, unemployment rates are approaching a staggering 30 percent. In Britain, the Tory government took as good news the fact that the UK managed to eke out 0.3 percent growth. Even Germany, the prime sponsor of these policies, is on the edge of recession. You don't promote growth by slashing demand. Supposedly, fiscal tightening improves business confidence. But if some entrepreneur somewhere decided to break ground for a new factory because the president and Congress at last cut the budget, nobody could find such a person. Even the Washington Post editorial page, which has long been promoting a budget bargain built on more cuts, warned in its lead Sunday editorial, that austerity is pinching too hard -- in Europe, that is. How about at home?

Austerity's Curveballs

Richard (RJ) Eskow | Posted 06.23.2013 | Politics
Richard (RJ) Eskow

The opportunists of austerity are as plentiful and as shameless as their military peers were regarding Iraq, and they share the same motivations: "tawdry ambitions, spineless leadership, and fear."

Crackpot Realism and the Education of David Stockman

Michael S. Lofgren | Posted 06.07.2013 | Politics
Michael S. Lofgren

The cultural hegemony of the moneyed classes enables them to use the mass media and elite institutions as a transmission belt for these economic ideas.

Talking 'Bout My Generation

Robert Kuttner | Posted 05.17.2013 | Politics
Robert Kuttner

If you are under 40, your generation is getting utterly screwed compared to mine, and you should be in the streets. There are plenty of injustices in this country, but they have little to do with old versus young and everything to do with the one percent versus everyone else. You don't have to cut my Social Security benefits to give your generation a decent break. The secret sauce of my generation was that when I was young, prosperity was widely shared, ladders were plentiful, and tax rates were progressive. If gazillionaires pay their fair share, and we invest adequately in the young, there's no reason why Generations Y and Z can't enjoy the same economic tailwind that my generation did. That, however, will not just happen. It requires a politics -- and not the politics of young versus old, much less the politics of austerity.


Reuters | Posted 04.27.2013 | World

* Global markets shaken by fears of new euro zone instability * Vote is stunning success for populist movement * Berlus...

Does Austerity In Education Limit Free Speech? | Posted 02.13.2013 | College

On Feb. 6, Yale student activists hosted a panel laying out the case for the Boycott, Divestment, and Sanctions movement to pressure Israel into recog...

The Verdict Is In: GOP Austerity Proposals Are Toxic for Our Economy

Robert Creamer | Posted 04.02.2013 | Politics
Robert Creamer

Whatever the reason, it doesn't take a rocket scientist to understand that if government spending drops, there will be less overall demand in the economy and fewer goods and services will be produced. But Republicans simply won't admit that is true.