by Saskia Scholtes and Francesco Guerrera August 9 2009 New York – US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported [...]

by Robert Scheer August 4, 2009 By now everybody must know that the top banking executives responsible for our economic meltdown have no shame. Otherwise they would not have dared give themselves such hefty bonuses as a deeply perverse reward for actions that caused millions of Americans to lose their jobs and homes. The $33 billion that [...]

Every society clings to a myth by which it lives. Ours is the myth of economic growth. For the last five decades the pursuit of growth has been the single most important policy goal across the world. The global economy is almost five times the size it was half a century ago. If it continues to grow at the same rate, the economy will be 80 times that size by the year 2100.

The Way to Power by Dr.Bouthaina Shaaban July 29, 2009 After the United Nations Development Program (UNDP) published its report on the Arab world, with one of its shocking conclusions being that half of the world’s refugees are Arabs, The Economist published in its latest edition July 24-30  a 14-page report about the Arab world with an editorial [...]

by Thom Hartmann July 27, 2009 The Wall Street Journal reported last week that “Executives and other highly compensated employees now receive more than one-third of all pay in the US…  Highly paid employees received nearly $2.1 trillion of the $6.4 trillion in total US pay in 2007, the latest figures available.”

Lo que suena como un panorama fantástico para el Imperio norteamericano (las huelgas y los conflictos sociales) es un escenario de corto plazo que ya están manejando entre líneas analistas y medios norteamericanos a la luz de la crisis industrial y de las quiebras empresariales que están desatando una creciente ola de despidos y un [...]

by Don Monkerud July 16, 2009 In June 2009, the U.S. economy saw its second steepest decline in 27 years. New jobless claims increased, business inventories fell and exports plunged as bad economic news persisted.

by Lynn Adler July 16, 2009 NEW YORK (Reuters) – U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated.

by Margaret Talev July 9, 2009 WASHINGTON — As President Barack Obama and other world leaders meet in Italy, a global survey released Thursday reflects wide concern that governments won’t meet their budgets in this economic climate — and a universal preference to respond by cutting services rather than raising taxes. What kinds of cuts? The top choices [...]

por Juan Jesús Bermúdez 7 de julio, 2009 El economista Jeremy Rifkin publicó en 1994 “El fin del trabajo”, donde planteaba, a partir de un provocativo título, los problemas derivados del conocido proceso de sustitución de la mano de obra por la automatización de las cadenas productivas, un recorrido que tuvo su verdadero punto de partida con [...]