Economy

  • The smash-and-grab agenda

    Even mainstream commentators are admitting that austerity measures have led to lower economic growth. So why have governments embraced them?

  • Generation out of luck

    College graduation is supposed to be a time of celebration--yet the class of 2013 is facing a future of uncertainty and diminished prospects.

  • A slap on the wrist for the banksters

    Ten banks will pay $8.5 billion to settle a federal review of their predatory lending practices--offering little to their victims.

  • Holding all the cards...and they still folded

    Obama and the Democrats had leverage over Republicans and popular opinion on their side, but they tossed both away to make the fiscal cliff deal.

  • Working hard and still hungry

    The Republicans are taking aim at food stamps, the program that more and more low-wage workers depend on to make it through the month.

  • Lousy work, if you can get it

    Millions of people still can't find jobs, but those who do face a different kind of crisis: the increase in low-wage, no-benefit work.

  • Bankzilla vs the rest of us

    Four years after the world financial system nearly plunged into the abyss, the banksters are back to making money hand over fist.

  • Caught rigging the game

    A scandal over a British bank's manipulation of a key interest rate has shed light on the bald-faced lies and self-dealing ways of the world's biggest banks.

  • Heading for the europocalypse?

    The bailout of Spanish banks and the victory of a pro-austerity party in the Greek election hasn't stopped the eurozone debt crisis from worsening.

  • The no-jobs generation

    Young people graduating from high school or college today face tough prospects finding work--with consequences that will continue for years to come.

  • Big trouble at Diamond Jamie's casino

    JPMorgan Chase CEO Jamie Dimon says his bank blew billions of dollars on a reckless gamble--proving that casino capitalism is alive and well.

  • The new panic over the euro

    An unraveling economy in Spain, a deepening recession continent-wide, and elections in France and Greece have raised doubts about the latest bailout.

  • The impact of the EU bank rescue

    Massive loan interventions by the European Central Bank could provide breathing space to implement a revamped neoliberalism.

  • Pickpocketed at the pump

    Gas prices are on the rise again, leaving many working-class families with the choice of cutting back on other necessities or going further into debt.

  • Living in a bubble of their own

    The Fed's bumbling response to the 2008 financial crisis proves that it's dedicated to corporate profits above all else.

  • The crisis that won't end

    Despite some recent improvements, the U.S. and world economy are still in deep trouble, with the possibility of another lurch into recession.

  • The fall of the house of Enron

    The scandal that took down energy giant Enron 10 years ago exposed the lie of the free-market "miracle" of the 1990s.

  • The corporate bankruptcy scam

    Bankruptcy may be a disaster for the 99 percent, but it can be a wondrous thing for million-dollar corporations.

  • From euro crisis to world crisis

    The looming threat that Europe's common currency will fall apart is more evidence that the financial crisis of 2008 never really went away.

  • Financial meltdown: The sequel

    Austerity measures around the globe represent political crimes of equal, if not greater, magnitude than Watergate.

  • Why Karl Marx was right

    When mainstream economists start citing capitalism's greatest critic, you know the crisis of the free market is severe.

  • The $16 trillion bailout

    While Washington debates how deep budget cuts should go, the banks are still pocketing huge amounts of taxpayer cash.

  • Exploiting the unemployed

    Unemployment doesn't just affect workers without jobs--it's being used to push down the living standards of the entire U.S. working class.

  • The left-out and left-behind economy

    The plague of unemployment that took hold during the Great Recession is still upending the lives of millions of U.S. workers--with no end in sight.

  • No unemployed need apply

    No, it's not a typo: Significant numbers of employers are openly discriminating against job seekers because...they need a job.