Debt crisis News

Get the naming rights to Izumisano for $1.25 billion

Osaka - For those that have at least $1 billion to blow, the municipal government of Izumisano is offering the city's naming rights for at least that amount.

In the Media by Can Tran

Italian dies after setting himself on fire in austerity protest

Rome - A 54-year-old unemployed man has become the latest victim of Italian austerity measures. He died on Sunday from burns incurred when he set himself on fire in front of the Italian parliament last week.

In the Media by Katerina Nikolas

Review: A Marxist economist explains what is wrong with capitalism. Not

American economist Richard D. Wolff was born on April Fools' Day; in this interview with 'Russia Today', he shows why as he makes a complete and utter fool of himself.

In the Media by Alexander Baron

Moody's downgrades six European countries amid debt crisis

New York - Moody's has announced that it has downgraded the credit rating of six European countries, while three other nations had their outlook cut to negative. These downgrades come as the European debt crisis persists and the economy remains weak.

In the Media by Andrew Moran - 1 comment

Women protest Italy’s sexism culture

Rome - A protest in Rome on Sunday attracted thousands of women demanding greater rights, called for ending discrimination, and blamed a “macho culture” for the crisis in the euro zone’s third-largest economy.

In the Media by Lynn Herrmann - 3 comments

Europe’s debt crisis drives Italy’s politicians to violence

According to the Standard and Poor agency, fears that Italy will default on its enormous debt has forced a downgrade of its rating to A/A-1, adding massive concerns to Italy’s weakening economic growth prospects.

In the Media by Nancy Houser

Britons rush to buy gold as faith in cash savings decline

London - A new survey has found that more Britons are buying gold instead of putting their cash into savings. According to the survey, more than 38 percent of Britons say investing in gold is better than keeping cash savings.

In the Media by JohnThomas Didymus - 2 comments

Rising cost of college tuition leaves students weighted in debt

Washington - As a new semester begins, college student loans are approaching the $1 trillion mark, more than all US households combined owe on their credit cards, and colleges are encouraging the vast student debt as a lingering recession compounds the problem.

In the Media by Lynn Herrmann - 2 comments

Dow plunges 600 points amid downgrade, economic fears

Washington - Amid growing concerns over a faltering economy, the European debt crisis, and a downgrade to the US credit rating, global markets took a hit on Monday, punctuated by the Dow Jones Industrial Average, which plummeted 633 points.

In the Media by Lynn Herrmann - 1 comment

Op-Ed: Obama’s debt crisis — Selling out a nation

Washington - For the first time in its history, the US began the weekend with news its credit rating had been downgraded, less than a week after President Barack Obama agreed with Republicans to kick the so-called debt crisis down the road just a bit.

In the Media by Lynn Herrmann - 17 comments

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