U.S. Economy Topics

Economy

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

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    As President Obama prepares to outline a deficit-reduction plan that includes tax increases, as well as cuts to programs such as Medicare and Medicaid, anthropologist David Graeber proposes a radical solution: cancel the debt of the nation’s poor. "Debts between the very wealthy or between governments can always be renegotiated and always have been throughout world history. They’re not anything set in stone," says...
    September 19, 2011 | Story
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    The Obama administration is facing scrutiny following the failure of a solar energy company that received half a billion dollars in government aid and then went bankrupt, laying off about a thousand workers. Newly disclosed internal White House emails show just 60 days after Obama took office, his administration rushed to approve a $535 million loan guarantee to the solar panel manufacturing company Solyndra, despite warnings from the Office...
    September 16, 2011 | Story
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    A new U.S. Census Bureau report reveals the number of people living in poverty last year surged to 46.2 million—one in six Americans—the highest number since the Bureau began tracking such data more than 50 years ago. According to the report, blacks and Hispanics together accounted for 54 percent of the poor, with whites at 9.9 percent and Asians at 12.1 percent. Children under 18 suffered the highest poverty rate. Meanwhile, the number of...
    September 14, 2011 | Story
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    Before a joint session of Congress, President Obama laid out a $447 billion package of tax cuts and new government spending Thursday night to help stimulate the economy and create new jobs. His speech comes at a time when 14 million people are unemployed and another 8.8 million are working part-time but seeking full-time work. The official unemployment rate stands at 9.1 percent, and the White House is predicting the rate will not fall below...
    September 09, 2011 | Story
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    This weekend, thousands of people will gather at the site of the former World Trade Center to mark the 10th anniversary of the 9/11 terrorist attacks. On Sunday, a dedication ceremony will be held for the 9/11 Memorial, which will open to the public on Monday. However, construction continues on 1 World Trade Center, which is far from complete. While the 10th anniversary has made international headlines, little attention has been paid to some...
    September 09, 2011 | Story
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    An often-forgotten group victims in the September 11th narrative are the many rescue workers who fell sick after being exposed to contaminants at Ground Zero. According to a new article by ProPublica, recently uncovered documents reveal that federal officials in Washington and New York went further than was previously known to downplay concerns about health risks, and misrepresented or concealed information that might have protected thousands...
    September 09, 2011 | Story
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    We spend the hour with legendary British rocker and activist, Billy Bragg. His music career began in the late 1970s in London when he formed the punk rock band Riff Raff. His 1984 album, "Brewing Up with Billy Bragg," included the song "It Says Here," a critique of politics and tabloid newspapers that still rings true today in the wake of the News of the World phone-hacking scandal. In 1998 and 2000, he participated in two...
    September 05, 2011 | Story
  • Splash_image20110901-27879-1g9futm-0
    A new study reveals that 25 of the nation’s largest corporations paid more money to their CEOs last year than they did to the federal government in income taxes. Often using overseas tax havens, many of the corporations managed to make billions in profits but paid little to nothing in federal taxes. In many cases the companies received large tax rebates. The list includes some of the country’s best-known companies, such as Ford,...
    September 01, 2011 | Story
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    We look at the story of 300 foreign students who came to the United States as part of a work-study program and found themselves engaged in what they refer to as captive labor at a Hershey’s packing plant in Palmyra, Pennsylvania. The students — from Eastern Europe and Asia — went on strike two weeks ago, after they were reportedly required to lift heavy boxes, work eight-hour shifts beginning at 11 p.m., and stand for long periods of...
    September 01, 2011 | Story
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    This week, the public got its first look at a newly unveiled memorial on the National Mall in Washington, D.C., that honors the life and legacy of Dr. Martin Luther King, Jr. It is the first memorial on the National Mall not dedicated to a war, president or white man. The threat of Hurricane Irene has forced organizers to postpone the planned dedication of memorial on Sunday, which was to have been attended by 250,000 people, including...
    August 26, 2011 | Story