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Austerity Measures

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.

Conservative Scholar: Reject Austerity

The Huffington Post | Luke Johnson | Posted 01.29.2013 | Politics

A prominent conservative economist wrote Tuesday that Congress and President Barack Obama should avoid implementing austerity measures, a major depart...

"Third Way's" "Fresh Thinking": The EU Is Our Model for Austerity

William K. Black | Posted 03.12.2013 | Business
William K. Black

Third Way's rationale for austerity is a marvel of duplicity or ineptitude so great that duplicity would do less damage to their reputation.

A Deficit Hawk Earns His Seat in Heaven

Richard (RJ) Eskow | Posted 03.08.2013 | Politics
Richard (RJ) Eskow

Three public figures associated with the movement to cut government spending appeared in the news this week. All three characters -- the Senator, the Lobbyist, and the Economist -- have encouraged steep cuts in government spending. But only one of them is going to heaven. Which one?

Austerity Measures Cause French Museums To Beg

Posted 12.24.2012 | Arts

PARIS — The crass term for it is begging, but the French prefer a loftier description: “participatory financing.” For as little as a single e...

The Greek Lesson

Evaggelos Vallianatos | Posted 02.11.2013 | World
Evaggelos Vallianatos

Recreating feudalism is not an option, especially in Europe and America. The Greeks would fight to the death defending their country. In addition, neither civilized societies nor the Earth can afford the policies the troika is pushing in Greece.

A "Radical Idea" Reversed: Author Says Nobel Committee Has Betrayed Founder's Anti-Military Intent

Democracy Now! | Posted 02.09.2013 | World
Democracy Now!

For years, the Norwegian Nobel Peace Committee has faced criticism over its secrecy and selections, perhaps most notably in 1973 when Henry Kissinger ...

Thousands Protest Latest Austerity Measures

Reuters | Posted 01.24.2013 | Business

* Students, teachers protest against Monti's cuts * Far right group, anti-fascists also plan rallies ROME, Nov 24 (Reute...

Countries Can Come Back From the Dead -- Exhibit A, Ireland

Emmet Oliver | Posted 01.07.2013 | Business
Emmet Oliver

While serious questions remain over the cost of obtaining money for Ireland when that moment arrives, the sheer fact that Ireland can now talk about leaving behind its official lenders is highly significant, and not just in Ireland, but further afield.

Fiscal Cliff: Reality Show or Morality Play?

Dimitri B. Papadimitriou | Posted 01.06.2013 | Business
Dimitri B. Papadimitriou

Our economic malaise has been consistently underestimated, and the result has been the adoption of inadequate half-measures. Swapping budget cuts at the edge of the fiscal cliff isn't a solution.

Jeffrey Young

Health Care System Bends But Doesn't Break

HuffingtonPost.com | Jeffrey Young | Posted 10.31.2012 | Business

The health care system seems to have withstood the worst of Hurricane Sandy despite some high-profile breakdowns, including the evacuation of several ...

Are We Blaming Consumers for Their Own Misfortune?

Chris Abraham | Posted 10.29.2012 | Business
Chris Abraham

Will we continue to over-hunt, over-fish our customers, consumers, and our market -- our prey -- until they're either extinct or just too savvy to fall for our seductive calls? What is our responsibility to the health, happiness, and success of those who we fleece for money?

Ryan Grim

Austerity War Revs Up: Private Equity Baron Drops Millions On New Campaign

HuffingtonPost.com | Ryan Grim | Posted 04.24.2013 | Politics

WASHINGTON -- Billionaire private equity mogul Peter Peterson is investing millions of dollars in a new Washington-based campaign for austerity, plann...

Rome's Colosseum SHUT DOWN

Reuters | Posted 11.28.2012 | Business

* Thousands of public sector workers march through capital * Colosseum, Roman Forum closed, traffic snarled * Strike coi...

Police Admit Secret Agents Infiltrated Madrid Protests

The Huffington Post | Cosima Ungaro | Posted 09.26.2012 | World

Spain's National Police Headquarters admitted on Wednesday that a number of secret agents infiltrated Tuesday's protests against the conservative gove...

Euro Exports Up as Austerity Drives Real Terms of Trade Down

Warren Mosler | Posted 10.20.2012 | Business
Warren Mosler

The ECB doing 'whatever it takes' which means conditional funding to sustain solvency while keeping fiscal 'overly tight' is extremely euro friendly, which fulfills the ECB's single mandate. And very unfriendly to 99% of the people who live there.

Report: U.K. Recession Drives More Than 1,000 To Suicide

Reuters | Posted 10.14.2012 | Business

* Rising unemployment rates seen taking heavy suicide toll * Study looked at historical trends to find excess deaths * M...

Daniel Basteiro

A Thousand Cuts: Austerity Measures Injure Spain's Most Vulnerable

HuffingtonPost.com | Daniel Basteiro | Posted 08.07.2012 | Politics

This article is part of a Huffington Post series on the global impact of austerity -- "A Thousand Cuts" -- from affordable housing funds lost in San F...

There's Some Data To Back This Guy Up

Posted 07.31.2012 | Business

Austerity lovers of the world take note: Cutting government spending hurts the economy and it's not just the Paul Krugmans of the world that say so. ...

'Deep-Rooted Economic Problems' Sinking England Into Recession

Reuters | Posted 09.24.2012 | Business

* UK GDP falls 0.7 pct in Q2, biggest drop since Q1 2009 * Osborne warns of "deep-rooted economic problems" * Opposition...

Lucia Graves

‘What Does This Kind Of Negligence Do To Our Students?’

HuffingtonPost.com | Lucia Graves | Posted 07.24.2012 | Education

Leila Chakravarty, a seventh-grade math teacher in the Los Angeles public school system, measures the cost of austerity cuts to education not in gym s...

Zach Carter

A Thousand Cuts: Who Really Gains From Austerity?

HuffingtonPost.com | Zach Carter | Posted 03.03.2013 | Politics

This article is part of a Huffington Post series on the global impact of austerity -- "A Thousand Cuts" -- from affordable housing funds lost in San F...

Aude Lorriaux

A Thousand Cuts: Austerity Budget Brought Down A Solar Industry

HuffingtonPost.com | Aude Lorriaux | Posted 07.19.2012 | Politics

This article is part of a Huffington Post series on the global impact of austerity -- "A Thousand Cuts" -- from affordable housing funds lost in San F...

Aaron Sankin

A Thousand Cuts: America's Most Expensive City Struggles With Housing Gap

HuffingtonPost.com | Aaron Sankin | Posted 03.28.2013 | San Francisco

This article is part of a Huffington Post series on the global impact of austerity -- "A Thousand Cuts" -- from affordable housing funds lost in San F...

Rachel Mendleson

A Thousand Cuts: Food Inspectors Fall Victim To Austerity

HuffingtonPost.com | Rachel Mendleson | Posted 07.17.2012 | Politics

This article is part of a Huffington Post series on the global impact of austerity -- "A Thousand Cuts" -- from affordable housing funds lost in San F...