Finance


John Pilger Truthout

An historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has willfully ignored last week’s landslide “No” vote and secretly agreed on a raft of repressive, impoverishing measures in return for a “bailout” that means sinister foreign control and a warning to the world. (more…)

Chris Hedges Truthdig

The poor and the working class in the United States know what it is to be Greek. They know underemployment and unemployment. They know life without a pension. They know existence on a few dollars a day. They know gas and electricity being turned off because of unpaid bills. They know the crippling weight of debt. They know being sick and unable to afford medical care. (more…)

Democracy Now!

The Greek election has also factored into the U.S. presidential race. On Monday, Democratic presidential candidate Sen. Bernie Sanders said, “I applaud the people of Greece for saying ‘no’ to more austerity for the poor, the children, the sick and the elderly. In a world of massive wealth and income inequality, Europe must support Greece’s efforts to build an economy which creates more jobs and income, not more unemployment and suffering.” (more…)

Michael Hudson ICH

The major financial problem tearing economies apart over the past century has lain more with official inter-governmental debt than with private-sector debt. That is why the global economy today faces a similar breakdown to 1929-31, when it became apparent that the volume of official inter-government debts could not be paid. (more…)

Pro Publica

In late 2011, the Red Cross launched a multimillion-dollar project to transform the desperately poor area, which was hit hard by the earthquake that struck Haiti the year before. The main focus of the project — called LAMIKA, an acronym in Creole for “A Better Life in My Neighborhood” — was building hundreds of permanent homes.

Today, not one home has been built in Campeche. Many residents live in shacks made of rusty sheet metal, without access to drinkable water, electricity or basic sanitation. When it rains, their homes flood and residents bail out mud and water. (more…)

The results of the first “Survey of Living Conditions in Ecuador” showed that poverty has fallen by one third. It also revealed that 900,000 individuals have been lifted out of extreme poverty, whilst the Gini coefficient, which measures wealth gaps, has dropped 4.8 points since 2006. (more…)
 

Truthout

When authorities booked Richard Murphy into the jail in Monterey, California, on January 18, 2013, the war veteran likely never envisioned ending up being back in court months later, not to face criminal charges, but to expose the abuse he would suffer at the hands of the jail’s private health-care provider. (more…)

Commondreams

Pointing to egregious examples of Fortune 500 corporations “manipulating the tax system to avoid paying even a dime in tax on billions of dollars in U.S. profits,” a new report from Citizens for Tax Justice makes a sharp case for corporate tax reform. (more…)

Next Page »