Economy Topics

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

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  • Rosner_morgenson
    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
    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
  • Seg1
    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
  • Seg2
    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
    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
    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
  • Moore-2
    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
  • 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
    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
  • Nichols_lutes_play
    Recently elected Wisconsin Republican Governor Scott Walker has proposed a bill that would eliminate almost all collective bargaining rights for most public workers and slash their pay and benefits. Walker has also notified the state’s National Guard to be on alert for actions taken by unsatisfied state, county and municipal employees. On Monday, hundreds of protesters marched on the State Capitol in Madison, with more protests being planned....
    Feb 15, 2011 | Story