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Economy Topics

Democracy Now! stories, posts and pages that relate to Economy

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  • Headstart1
    The partial shutdown of the federal government has entered its third day. More than 800,000 federal workers are furloughed, and numerous governmental programs have been forced to stop running. For example, the government shutdown has already caused as many as 19,000 children to lose access to Head Start. Many recipients of Special Supplemental Nutrition Program for Women, Infants and Children, more commonly known as WIC, will lose assistance....
    October 03, 2013 | Story
  • Fastfoodstrike
    A national strike for a living wage and the right to unionize in the fast-food and retail sectors has spread across seven cities. Hundreds of workers walked off the job Thursday in Milwaukee, and before that in Chicago, St. Louis, Kansas City, Detroit, Flint and New York City. "What else do we have to lose? We are already slowly dying in our day-to-day lives," says our guest Terrance Wise, who works at both Burger King and Pizza Hut...
    August 02, 2013 | Story
  • Wolff
    Kicking off a series of speeches about the economy, President Obama told a crowd in Illinois on Wednesday that reversing growing inequality and rejuvenating the middle class "has to be Washington’s highest priority." During his remarks, Obama failed to mention the bankruptcy filing by Detroit, where thousands of public workers are now fighting to protect their pensions and medical benefits as the city threatens massive cuts to...
    July 25, 2013 | Story
  • Austerity-2
    In their new book, "The Body Economic: Why Austerity Kills," economist David Stuckler and physician Sanjay Basu examine the health impacts of austerity across the globe. The authors estimate there have been more than 10,000 additional suicides and up to a million extra cases of depression across Europe and the United States since governments started introducing austerity programs in the aftermath of the economic crisis. For example,...
    May 21, 2013 | Story
  • Cyprus-protest-1
    The eyes of the financial world are on the small Mediterranean island of Cyprus today. The government of Cyprus has brokered a last-ditch $13 billion bailout deal with European officials to stave off the collapse of its banking sector. Under the deal, all bank deposits above approximately $130,000 will be frozen and used to help pay off the banking sector’s debts. An earlier version of the deal collapsed last week when Cypriots took to...
    March 25, 2013 | Story
  • Greenwald-obama
    President Obama will open deficit reduction talks on Friday with a call for a $1.6 trillion tax hike on corporations and the wealthiest Americans over the next 10 years. Obama and House Speaker John Boehner are sitting down to avert the so-called "fiscal cliff" of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. We’re joined by Guardian columnist Glenn Greenwald, who says the...
    November 14, 2012 | Story
  • Amy_bainport
    Democracy Now!’s Amy Goodman speaks with three workers at the Bain-owned Sensata Technologies factory in Freeport, Illinois, all of whom are camping in a tent city called "Bainport" across the street from the factory. Dot Turner has worked there for 43 years, Cheryl Randecker for 33 years, and Bonnie Borman for 23 years. All three will lose their jobs in November. [includes rush transcript]
    September 20, 2012 | Web Exclusive
  • Paul_ryan_jamesville
    With Republican Rep. Paul Ryan joining the Republican ticket for the White House, his hometown of Janesville, Wisconsin, is now in the national spotlight. Thousands have struggled with unemployment in Janesville since General Motors shut down its century-old plant there in 2008, causing mass layoffs. As the town tries to get back on its feet, Ryan has said Janesville has become a microcosm for the economic woes facing the nation. But much of...
    August 14, 2012 | Story
  • Bsteele
    In part two of our interview with the investigative duo James Steele and Don Barlett, they talk about the media’s failure to hold Wall Street or politicians accountable for financial crimes and mismanagement — topics covered in their new book, "The Betrayal of the American Dream." They also discuss attacks on Social Security, and campaign finance reform. [includes rush transcript]
    August 01, 2012 | Web Exclusive
  • Offshore_tax
    A new report reveals how wealthy individuals and their families have between $21 and $32 trillion of hidden financial assets around the world in what are known as offshore accounts or tax havens. The actual sums could be higher because the study only deals with financial wealth deposited in bank and investment accounts, and not other assets such as property and yachts. The inquiry was commissioned by the Tax Justice Network and is being touted...
    July 31, 2012 | Story