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Debt Crisis

Super Committee Failure Could Rattle Markets

Posted 11.21.2011 | Business

A brutal year for global investors may get even worse this week if Congress proves yet again it is too bitterly divided to deliver on its promise to r...

Is Europe Over?

John Feffer | Posted 01.15.2012 | World
John Feffer

The social ideals that once animated the European project are dissipating fast. The current crisis and the resulting austerity measures have served to further Americanize Europe through privatization, reduction of government services, and the like.

Eurozone Crisis by the Numbers

Hagit Bachrach | Posted 01.07.2012 | World
Hagit Bachrach

The upheaval in the Eurozone is dominating the G20 agenda, global news coverage, and the attention of uneasy investors. However, it is surprising that...

Open Letter to the Super Committee

Lawrence Korb | Posted 12.13.2011 | Politics
Lawrence Korb

Here are ten recommendations for the super committee on how they can responsibly reduce projected levels of defense spending by $677 billion over the next ten years without undermining our national security.

The End of American Business: Not With a Bang but a Whimper

Dan Agin | Posted 12.12.2011 | Business
Dan Agin

So what lies ahead? If the present political madness continues, our future will see our economy in a ditch. Probably at least for a miserable decade.

Opportunities for Youth Will Rejuvenate Society and Boost the Economy

Dag Detter | Posted 12.04.2011 | Business
Dag Detter

How do we make pathway for young to be part of and help create this brave new world? A world where merit and not age, color of your skin or connections give you the opportunity to work?

Economists Call For Massive Debt Relief To Jumpstart Economy

Posted 12.03.2011 | Business

NEW YORK (Jennifer Ablan and Matthew Goldstein) - More than three years after the financial crisis struck, the economy remains stuck in a consumer deb...

"Free Market" Politicians Call for Austerity and Cuts While Financial Markets Call for Keynesian Stimulus and Jobs

Miles Mogulescu | Posted 11.28.2011 | Business
Miles Mogulescu

As markets warn of the risk of double-dip recession or even depression, politicians in Washington and Berlin -- who claim to believe in "free markets" -- fiddle while Rome may be about to burn.

Class Warfare?

Bruce Ackerman | Posted 11.27.2011 | Politics
Bruce Ackerman

President Obama's "millionaire tax" has generated two sound-bite replies. Not only is he engaging in "class warfare," but he is indulging in sheer political posturing -- there simply isn't a lot of money to be raised by targeting the super-rich. Both charges are mistaken.

Saving New York City in 1975: Carey Could Teach Congress Today

Robert L. Dilenschneider | Posted 11.26.2011 | Politics
Robert L. Dilenschneider

The nation's current crisis mirrors the situation 36 years ago when New York City teetered near financial collapse, unable to borrow from a banking community that correctly believed the city was broke.

Economic Freedom of the World: Lessons for the U.S.

James Gwartney | Posted 11.25.2011 | World
James Gwartney

America has prospered historically because we have chosen economic freedom rather than political allocation and crony capitalism. To the extent we move away from economic freedom, our future prosperity will be diminished.

Rod Kurtz

What Would You Do About The Debt? | Rod Kurtz | Posted 11.22.2011 | Small Business

What should be done about America's debt? It's the $14 trillion question that continues to fuel debate in the halls of Congress and across dinner tabl...

Sam Stein

White House Looks Ready To Hit GOP Over Millionaire Tax | Sam Stein | Posted 11.18.2011 | Politics

WASHINGTON -- In certain corners of the progressive political universe, there has been ongoing frustration with the Obama White House for attacking th...

Debt Crisis Forces Greek PM To Cancel Trip To US

BBC | Posted 11.17.2011 | Home

Greek Prime Minister George Papandreou has cancelled a visit to the US amid mounting concern over the country's debt crisis. His office said he had...

As Economy Slows, Recession Fears Grow Louder

Reuters | Leah Schnurr | Posted 11.14.2011 | Business

Chances the United States will lapse into another recession rose over the past month to nearly one in three as the economy faces a number of road bloc...

Where Is Globe Growth Without the U.S., Europe and Japan?

Jeffrey Rubin | Posted 11.08.2011 | Business
Jeffrey Rubin

everyone other than President Barack Obama realizes that further fiscal stimulus is out of the question. The real policy choice is how aggressively to rein in the deficit. And even that decision is more likely to be made by foreign creditors.

Ben Bernanke: Federal Reserve Will Do 'All It Can' To Help Create Jobs

Posted 11.08.2011 | Business

MINNEAPOLIS (David Bailey) - Federal Reserve Chairman Ben Bernanke on Thursday said the U.S. central bank would spare no effort to boost disappointing...

European Policymaker: U.S. Lacks Structures To Control 'Enormous' Debt Problem

Posted 11.01.2011 | Business

A debt crisis is still gripping the developed world, European Central Bank policymaker Juergen Stark said, adding there was no alternative but for cou...

Small Business Borrowing Held Back In July By Debt Ceiling Crisis

Posted 10.31.2011 | Business

(Ann Saphir) - Small U.S. businesses in July moderated what had been a blistering pace of borrowing, held back by uncertainty over U.S. economic growt...

Alternate Explanations for the Current National Debt Levels

Jilly Gagnon | Posted 10.26.2011 | Comedy
Jilly Gagnon

"I'm bored," she whined, reaching for the only bottle of whiskey on the table that still had anything left in it. "Let's do something interesting." "Like what?" Boehner said. "Legislating?"

Close Gitmo and Help Solve the Debt Crisis

Amnesty International | Posted 10.24.2011 | Politics
Amnesty International

It is not news that the United States is facing a debt crisis and that public spending is under scrutiny like never before, yet one decade-long drain on the public exchequer has so far escaped the financial meltdown: the Guantanamo Bay Detention Camp.

What the Debt Deal Could Cost Us

Liz Krueger | Posted 10.17.2011 | New York
Liz Krueger

As just one of your elected officials in a community of Manhattan that includes a disproportionate number of well off and wealthy, I am told I am insane to support higher taxes for the super rich.

Citibank Accused Of Murdering A Credit Card Deadbeat

Washington Post | Andrew Higgins | Posted 10.17.2011 | Business

The 50-year-old businessman, invited to a Citibank office in Jakarta in late March, collapsed in a tiny room set aside by the U.S. bank for question...

GOP Town Halls Hit With Progressive Messages

Firedoglake | David Dayen | Posted 10.16.2011 | Politics

Two years ago, a concerted effort by a corporate-funded Tea Party movement to get conservatives out to town hall meetings changed the dynamic in Washi...

WATCH: Obama's Kickstarter Project

Posted 10.15.2011 | Comedy

With the national debt at the forefront of everyone's minds, Funny Or Die has figured out a pretty novel solution for Americans to consider. Sure, ...