Economy

  • Don't cry for Doha

    The media reported that the collapse of the Doha Round of trade negotiations is a big failure for the world’s poor countries. But is this true?

  • More banks on the brink?

    The failure of IndyMac Bank was the latest sign that the U.S. financial system remains on wobbly legs--and there's more trouble ahead at other banks.

  • No profit in housing the homeless

    There are enough vacant homes in the U.S. to provide shelter for nearly half the world's homeless population. But for capitalism, that's bad news.

  • How bad will it get?

    The emergency government intervention to support mortgage companies Fannie Mae and Freddie Mac is the latest sign of a deepening world financial crisis.

  • Struggling to get by in a "model global city"

    Outside a food pantry in Chicago, almost anyone you talk to is working, or just lost their job, or is retired and trying to make ends meet.

  • Battered by two economic storms

    Workers are enduring a sharp cut in living standards caused by rising food and gas prices--while a credit crunch, caused by the housing crisis, drags on.

  • Housing bust goes from bad to worse

    Housing prices are falling even more rapidly while politicians benefit from a cozy relationship with the mortgage industry they plan to bail out.

  • Desperate in Milwaukee

    As many as 3,000 people lined up outside a welfare office on the false rumor that emergency food vouchers would be distributed to those in need.

  • Choices no one should have to make

    The sensationalism of food riots and people taking to the streets has people talking about something that has been impacting nearly half of humanity.

  • A disaster caused by the free market

    The Economist called the world food crisis a "silent tsunami," but it is not a natural disaster, and there's nothing silent about the response to it.

  • Generation Debt

    By virtually every measure--wages, conditions, debt, unemployment and more--young working people are less well off today than preceding generations.

  • Why the numbers don't add up

    The government's preferred measure of inflation remains fairly low--because the statistics-keepers don't count the prices of certain goods.

  • Tightening a belt with no notches left

    With food prices climbing higher with every passing week, more and more poor and working-class families are finding it difficult to put food on the table.

  • When the "solution" is the problem

    At the UN food summit in Rome, the priorities of world leaders were on display--and they didn't include alleviating the suffering of the hungry.

  • Wall Street happy talk turns to panic

    The stock market plunged on July 6 on a double-barreled blast of bad news--a record increase in oil prices and a sharp rise in the unemployment rate.

  • Can the whole world be fed?

    The global crisis caused by increasing food prices is shining a spotlight on the terrible contradiction of a world of plenty where hundreds of millions go hungry.

  • Is the economic crisis over?

    Next time you hear Wall Street experts say the economy isn't doing too badly after all, check your wallet--where you'll find a good deal less cash.

  • Gambling with the futures

    One little-discussed factor in the global food crisis is speculators driving up the price of all commodities because of intense trading on futures markets.

  • Getting by with a little help from their Fed?

    Can the Federal Reserve Bank save the U.S. economy? That's the hope and prayer of growing numbers of Wall Street executives.

  • Can you afford to feed your family?

    For working families, a skyrocketing grocery bill is one of the most ever-present reminders that they have been making do with less.

  • Wall Street scrambles to avert a meltdown

    The depths of the crisis in the world financial system were revealed in the wake of the collapse of the investment bank Bear Stearns.

  • An epidemic of boarded-up homes

    When you drive around Providence, R.I., there are "for sale" signs and boarded-up homes everywhere.

  • Benefiting from more foreclosures

    Why is the government failing to push for the most aggressive solutions to help homeowners facing the threat of foreclosure?

  • City of a thousand foreclosures

    The foreclosure crisis in Stockton, Calif., is only the latest chapter in the roller-coaster ride the city has been through over the past decade.

  • More and more workers are left...

    Unemployed and no end in sight

    For a growing number of workers, being unemployed means being unemployed for a very long time--and a desperate struggle to get by.