Economy Topics

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

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  • Maharidge_button

    Dale Maharidge's Chronicles of Widely Ignored U.S. Working Poor Inspire Music of Bruce Springsteen

    Dale Maharidge, a Pulitzer Prize-winning journalist and author, inspired Bruce Springsteen to write the songs "Youngstown" and "The New Timer" with his first book, "Journey to Nowhere: The Saga of the New Underclass.” Maharidge’s most recent book, "Someplace Like America: Tales from the New Great Depression," is a reported retrospective on his 30 years of covering the working poor and chronically unemployed....
    Jun 10, 2011 | Story
  • Rosner_morgenson

    “Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon”

    A prominent Wall Street analyst predicted this week that not a single top executive at Goldman Sachs will face criminal prosecution for the company’s role in causing the financial meltdown of 2008. “I think that there is a genuine sense out there that there are two sets of rules, one for big and powerful institutions that are deemed to be too politically interconnected or powerful to fail, and the rest of us, Main Street,” says our guest...
    Jun 02, 2011 | Story
  • Treasure-island

    Offshore Banking and Tax Havens Have Become Heart of Global Economy

    As millions of Americans prepare to file their income taxes ahead of Monday’s deadline, we look at how corporations and the wealthy use offshore banks and tax havens to avoid paying taxes and other governmental regulations. "Tax havens have grown so fast in the era of globalization, since the 1970s, that they are now right at the heart of the global economy and are absolutely huge," says our guest, British journalist Nicholas Shaxson....
    Apr 15, 2011 | Story
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    While Obama Touts Compromise with GOP, Progressive Lawmakers Unveil "People's Budget"

    In a televised address yesterday, President Obama set a goal of cutting the U.S. budget deficit by $4 trillion over the next 12 years. He countered Republican budget plans with what he said was a more balanced approach that relies in part on tax increases for the wealthy as well as on spending cuts. The Congressional Progressive Caucus meanwhile has unveiled an alternative plan called the "People’s Budget." We speak to Democratic Rep....
    Apr 14, 2011 | Story
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    Roundtable: Assessing Obama's Budget Plan & State of U.S. Economy with Author Thomas Frank, Rev. Jim Wallis, and Activist/Philosopher Grace Lee Boggs

    To discuss President Obama’s budget talk and the state of the American economy, we are joined by three guests: Thomas Frank, a columnist at Harper’s Magazine and the author of several books, including The Wrecking Crew: How Conservatives Ruined Government, Enriched Themselves, and Beggared the Nation; Rev. Jim Wallis, the founder of the Sojourners Community and editor of Sojourners magazine, who has been on a hunger fast since March...
    Apr 14, 2011 | Story
  • Seg4

    It's a Hoax: GE Does Not Plan to Return $3.2 Billion Tax Refund to U.S. Treasury

    The Associated Press reported on Wednesday that “General Electric announced it will repay its entire $3.2 billion tax refund to the U.S. Treasury on April 18." The company’s tax record has been in the spotlight since the New York Times reported it paid no federal incomes taxes last year despite earning $14.2 billion in worldwide profits. It turns out AP’s story was based on a press release that was actually written by members of the...
    Apr 14, 2011 | Story
  • Play_budget-sachs

    "Don't Punish the Poor" Economist Jeffrey Sachs Slams Obama-GOP Budget Deal

    President Barack Obama and congressional leaders reached a last-minute budget deal on Friday, narrowly averting a government shutdown. The deal would cut roughly $38 billion from a federal budget expected to exceed $3.7 trillion this year. We speak to Jeffrey Sachs, director of the Earth Institute at Columbia University. "Many of us who supported President Obama just feel that he’s abandoned the field," Sachs says. "He’s...
    Apr 11, 2011 | Story
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    "America is Not Broke!": Michael Moore addresses thousands in Madison, Wisconsin

    On Saturday, March 5, 2011, thousands of people rallied in Madison, Wisconsin on the steps of the state capitol. Among those who took to the microphone, was academy award winning filmmaker, Michael Moore.
    Mar 07, 2011 | Web Exclusive

  • "The Battle of the Budgets: New Fronts in the Afghan and Iraq Wars" By Amy Goodman

    No discussion or debate over budgets, over wages and pensions, over deficits, should happen without a clear presentation of the costs of these wars—and the incalculable benefits that ending them would bring.
    Mar 02, 2011 | Columns & Articles
  • Nichols_play

    Obama’s $3.7 Trillion Budget Calls for Military Spending Increases and Deep Cuts to Social Service Programs

    President Obama has unveiled a budget plan seeking to trim the federal deficit by cutting or eliminating some 200 federal programs, many dedicated to social services and education, while increasing military spending and funding for the construction of nuclear power plants. Announcing his $3.7 trillion proposal, Obama touted his previously stated pledge to freeze funding for domestic programs outside of the military for five years. Obama’s...
    Feb 15, 2011 | Story