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Economic Collapse

Pope Francis Warns The Global Economy Is Near Collapse

The Huffington Post | Alexander C. Kaufman | Posted 06.13.2014 | Business

The global economic system is near collapse, according to Pope Francis. An economy built on money-worship and war and scarred by yawning inequality...

Movie Review: Hank: Five Years From the Brink

Marshall Fine | Posted 03.30.2014 | Entertainment
Marshall Fine

Now, we get Hank: Five Years from the Brink, in which former U.S. Treasury Secretary Henry "Hank" Paulson gives us a play-by-play of how he, Fed Chairman Ben Bernanke and Federal Reserve chairman Timothy Geithner, kept everything from collapsing while alternately massaging and challenging the various egos that ran the nation's largest banks.

An American Wake up Call

Andy Tsagaris | Posted 10.12.2013 | Impact
Andy Tsagaris

Dear America, please open your eyes. Growing up in poverty does not have to be part of the American way.

Argentina on Brink of Largest Financial Collapse in History

Jerry Nelson | Posted 07.02.2013 | World
Jerry Nelson

While Argentinians have historically been very supportive of the sitting government, the fact that people are protesting in numbers not heard of since the 2001 economic collapse is revealing.

The Boston Marathon Bombing as a Collective Trauma

Robert D. Stolorow | Posted 06.19.2013 | Crime
Robert D. Stolorow

A tragedy like this brings us face-to-face with our existential vulnerabilities -- vulnerabilities to harm, death, and loss -- and the existential vulnerability of all those we love and, perhaps worst of all, the limitedness or our ability to protect them.

New Report: "Global Collapse Appears Likely"

Linda Buzzell | Posted 03.12.2013 | Green
Linda Buzzell

Stanford University scientists Paul and Anne Ehrlich have issued a report titled "Can a Collapse of Global Civilization be Avoided?" in the Jan. 8, 2013 issue of Proceedings of the Royal Society, Biological Sciences division, revealing that "global collapse appears likely."

Against Apocalypticism

Charles J. Reid, Jr. | Posted 03.12.2013 | Religion
Charles J. Reid, Jr.

Most people probably took the Mayan Apocalypse as light-heartedly as I did, though clearly there were some who really thought the end was nigh. What worries me, however, is that this story is symptomatic of a more pathological apocalypticism that has begun to permeate American culture.

Our Country 'Tis of Thee

Julie Gray | Posted 02.05.2012 | Politics
Julie Gray

My ancestors arrived on these shores almost 400 years ago, long before the U.S. was even close to the country we see today. I am a Mayflower descenda...

The Terrorists Have Won: Reflections on a Lost Decade

Anis Shivani | Posted 11.07.2011 | Politics
Anis Shivani

Terrorism provided us with the opportunity for a dramatic revitalization of exceptionalist discourse. We were once again in complete charge of our destiny.

From Doomsaying to Damage Control

Daniel Dowd | Posted 10.08.2011 | Business
Daniel Dowd

The truth is no one can really know what a negative economic outlook for a historically dominant superpower means, because we are in uncharted waters.

Save the Nation From Economic Collapse

Brent Budowsky | Posted 10.04.2011 | Politics
Brent Budowsky

The gathering storm of a recession threatens America with the danger of a lost decade of economic pain. President Obama and Congress can save the nation by reaching a new agreement to lower the deficit and create jobs by Labor Day.

Lessons from the Edge

Mindy S. Lubber | Posted 05.25.2011 | Green
Mindy S. Lubber

Jared Diamond is the prophet of sinking societies. His acclaimed book, "Collapse," chronicled the demise of simple and advanced civilizations alike ...

Collective Trauma and Existential Anxiety

Robert D. Stolorow | Posted 11.17.2011 | Healthy Living
Robert D. Stolorow

In my efforts over the last two decades to grasp the nature of emotional trauma (http://www.routledge.com/books/details/9780881634679/), I have shown ...

Republican War Against the American People: "We Will Allow Total Economic Collapse"

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

Republican Congressional leadership confirmed that they oppose financial reform and that they oppose breaking up the big banks. That, my friends, is a Republican Declaration of War against the American people

Jason Linkins

Financial Reporting And The Perils Of 'Cognitive Capture'

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Media

It's too much to demand "crystal ball" clarity from the media. But to impose a better psychic metaphor, it's not impossible to do a better job reporting out the position of the tea leaves at the bottom of the cup.

Focus Financial Reform on the "Too Big" Part: That's What Will Prevent Economic Collapse

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

It is the devastating "collateral" damage to the rest of the economy -- you and me -- that a big bank failure causes that should be absolutely prevented.

Orphaned by Job Loss: Pan Am Soaring Downward

Helen Davey | Posted 05.25.2011 | Los Angeles
Helen Davey

People often ask, "What happened to Pan Am?" It was the airline that rose the highest and had the farthest to fall. As you will see, there was not one single cause.

The Triumph of Zombie Economics

Rebekah and Stephen Hren | Posted 05.25.2011 | Business
Rebekah and Stephen Hren

Our economy continues to stumble forward, only to be bonked on the head or shot in stomach every few years by the unending financial crises that are the product of attempting to achieve infinite growth in a finite world.

Orphaned By Job Loss: The Rise And Fall Of Pan Am And The Traumatic Impact On Its Employees

Helen Davey | Posted 11.17.2011 | Healthy Living
Helen Davey

Fasten your seatbelts: in this three-part series, I'm going to tell you the story of the rise and fall of Pan Am, and perhaps you will benefit from hearing about the painful impact of the fall on its employees and how we survived this trauma.

Our Recession Vs. The Dark Ages: Historian Compares Two Miserable Economic Periods

ft.com | Bryan Ward-Perkins | Posted 05.25.2011 | Business

The more complex an economy is, the more fragile it is, and the more cataclysmic its disintegration can be. Our economy is, of course, in a different ...

For 37,000 New York Unemployed, Benefits Will Soon Lapse

nytimes.com | Patrick McGeehan | Posted 05.25.2011 | New York

Tens of thousands of New Yorkers have had the unfortunate distinction of collecting unemployment benefits longer than anyone in the state's history. B...

Major Loopholes In Derivatives Bill (For Now)

Newsweek | Michael Hirsh | Posted 05.25.2011 | Business

Thanks to weeks of intense pressure from Wall Street banks and their customers in corporate America, the bill that was approved on Thursday by Rep. Ba...

The Approaching Muni Bond Collapse

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

Monoline insurance companies got greedy and wanted a piece of the sub-prime action. They started backing sub-prime mortgage-backed securities. Soon the mortgages blew up.

Time for Economic Polluters to Pay Up? Tobin or not Tobin...

Sony Kapoor | Posted 05.25.2011 | Business
Sony Kapoor

The financial crisis, the biggest in living memory, has tilted the political and financial landscape in a direction that makes Tobin Taxes not just more desirable but also much easier to implement.

The Case For More Stimulus: NYT

New York Times | Posted 05.25.2011 | Politics

The consensus among economists is that the recession is over, and, technically, the herd is probably right. Corporate profitability has been boosted b...