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Financial Meltdown Topics

Democracy Now! stories, posts and pages that relate to Financial Meltdown

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  • Splash_image20111110-5234-28n92b-0
    The European financial crisis continues to worsen as fears grow that Italy may become the latest nation in need of a massive bailout. The European Commission admitted today that the entire eurozone could be plunged into a recession in 2012. While Greece, Ireland and Portugal have already received international bailouts, the debt situation in Italy is considered far more dangerous. It is the eighth largest economy in the world — larger...
    Nov 10, 2011 | Story
  • Splash_image20111109-11905-kdkmsh-0
    Protests were held across the country Saturday to mark Bank Transfer Day, a campaign to move accounts from big banks into community banks or credit unions. Credit unions attracted more than 40,000 new account holders, reporting about $80 million in new savings, or an average of about $2,000 per new account holder. The campaign was organized by Kristen Christian when she learned that Bank of America planned to charge her a $5 monthly debit card...
    Nov 09, 2011 | Story
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    On Monday, Charlie Rose interviewed Democracy Now! host Amy Goodman and Chris Hedges about Occupy Wall Street.
    Nov 03, 2011 | D.N. in the News
  • Splash_image20111103-11498-1pg11rs-0
    In a major banking scandal, the commodities and derivatives brokerage house MF Global filed one of the largest bankruptcies in American corporate history, with almost $40 billion in liabilities. It was the largest failure on Wall Street since the collapse of Lehman Brothers in 2008. The chairman and chief executive officer of MF Global is Jon Corzine, a former New Jersey governor and U.S. senator. Corzine is also the former CEO of Goldman...
    Nov 03, 2011 | Story
  • The winds of change are blowing across the globe. What triggers such change, and when it will strike, is something that no one can predict.
    Oct 26, 2011 | Columns & Articles
  • The national memorial to Martin Luther King Jr. was dedicated last Sunday. President Barack Obama said of Dr. King, “If he were alive today, I believe he would remind us that the unemployed worker can rightly challenge the excesses of Wall Street without demonizing all who work there.” The dedication occurred amidst the increasingly popular and increasingly global Occupy Wall Street movement. What Obama left unsaid is that King, were he alive,...
    Oct 19, 2011 | Columns & Articles
  • Splash_image20111020-18425-1lxirt4-0
    Broadcasting on the road from Kansas City, Missouri, we’re joined by William Black, a white-collar criminologist, former financial regulator, and author of "The Best Way to Rob a Bank is to Own One." Black teaches economics and law at the University of Missouri-Kansas City and recently took part in Occupy Kansas City. "If you look [at the Occupy protests], not just nationwide, but worldwide, you will see some pretty...
    Oct 19, 2011 | Story
  • Splash_image20111020-1909-17h2hx3-0
    A new report by the University of New Hampshire reveals that nearly 22 percent of America’s children live in poverty. Another study by the the Pew Hispanic Center found that Hispanics now make up the largest group of children living in poverty: 6.1 million Hispanic children are poor, compared with five million non-Hispanic white children and 4.4 million black children. The Pew Center said Hispanic poverty numbers have dramatically...
    Oct 19, 2011 | Story
  • Splash_image20111017-3618-9n6yau-0
    From Buenos Aires to Toronto, Kuala Lumpur to London, hundreds of thousands of people rallied on Saturday in a global day of action against corporate greed and budget cutbacks, demanding better living conditions and a more equitable distribution of wealth and resources. Protests reportedly took place in 1,500 cities, including 100 cities in the United States—all in solidarity with the Occupy Wall Street movement that launched one month ago in...
    Oct 17, 2011 | Story
  • Splash_image20111017-3618-oe6crs-0
    In the United States, police arrested hundreds of people over the weekend at demonstrations and occupations inspired by Occupy Wall Street. Arrest totals include: 175 in Chicago; 100 in Arizona; 92 in New York City; 19 in Raleigh, North Carolina; 19 in Denver; and 19 in Washington, D.C., including Princeton University Professor Cornel West, on the steps of the Supreme Court. West was arrested shortly after attending the dedication ceremony for...
    Oct 17, 2011 | Story