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Economic crisis News

Short Documentary 'Pieces of Madrid' on Spanish social crisis

Madrid - In this short documentary, we learn about the ongoing resistance by the Spanish people to the economic and social crisis, the effects of budget cuts and austerity measures and how people are self-organizing to survive.

Op-Ed: Turkey — From bad to worse Special

Istanbul - Turkish Prime Minister Erdogan blames foreign forces for an attack against his government, but Erdogan is really responsible for ruining the Turkish economy.

Pope offers hope and encouragement to people of Sardinia, Italy

Cagliari - Since being chosen, Pope Francis has made it a priority to reach out to the ones suffering the most. On Sunday, he reached out to the people who have been hit the hardest by Italy's dire economic situation.

Spanish mother-of-two starts petition for free school textbooks

Elena Alfaro has already collected almost 210,000 signatures on a change.org petition which she hopes will make the Spanish government introduce "book banks" for school textbooks.

Op-Ed: U.S. economic collapse nears

Today more U.S. cities could experience bankruptcy like Detroit. Detroit's bankruptcy filing spread major concerns throughout the financial world in America. The U.S. economy could collapse by years end.

'Iceland' thaws out relationships with money and each other Special

Toronto - 'Iceland' is a Canadian play that premiered last summer to much acclaim. It presents three monologues that examine the banking crisis, revealing our own attitudes to money, opportunity, wealth, and success in the process.

Rudy Giuliani: Due to 'incompetence' Obama 'should resign'

Former New York City Mayor Rudy Giuliani has a suggestion for President Barack Obama. Instead of having an election on Tuesday: "He should resign!”

Mitt Romney’s 5-point plan is the same as McCain's plan in 2008

If Mitt Romney's 5-point plan for fixing the current economy crisis looks familiar to you that's because it recycles — nearly word for word — from the same playbook as John McCain in 2008 and George W. Bush in 2004.

Op-Ed: European Union wins Nobel Peace Prize with praise, shock & humor

Oslo - The EU, a 27-nation organization, has been awarded the Nobel Peace Prize for its historic role in "uniting the continent" and its contributions “to the advancement of peace and reconciliation, democracy and human rights in Europe.''

Op-Ed: Good-Bye to 'Babbitt- land' and the Middle Class

The plight of "mid -income earners" as the economy worsens and standards of living decline. This article explores how middle-class neighbourhoods in North America are being affected by the current crisis.

Financial markets reflect on one-year anniversary of crash

Exactly a year has passed since global economic markets crashed. On this day, mainly as a result of the financial meltdown in the US, most of the world's stock exchanges experienced the worst declines ever, with drops of around 10 percent in most indices.

Op-Ed: Kitchen Renovations Show Greed not Need Causes Money Crunch

Recently a friend introduced my husband and me to the Home Improvement Channel. My husband likes it for the fun of renovation. I think it gives the wrong message of greed not need when people should be cautious financially yet beneficent to others.

Federal budget deficit tops $1 trillion

With three months remaining in the fiscal year, the federal budget deficit has passed $1 trillion, sparking a new round of fears about high interest rates and inflation.

Canadian PM tells G8 leaders to avoid more stimulus spending

Canada's Prime Minister cautioned world leaders at the G8 summit earlier today to not spend more money to address the recession, urging instead that the leaders ensure that "committed funds" get "out the door" faster.

Brazil to cut back cost of labour

Brazil’s finance minister says its government is preparing sharp cuts to the country’s very high labour costs. It's a way of boosting productivity and growth.

UN Predicts Severe Economic Crisis Could Last Years

Ban Ki-moon, the UN secretary- general, warns the economic impact of the present economic crisis could be years. Other analysts say this crisis is worse than the Great Depression.

A Silent and Violent Epidemic Is Related to the Economic Crisis

The saddest types of stories are about those who can’t cope economically and commit suicide. The silent epidemic is a growing problem that must be addressed, experts say.

Putin Humiliates Russian Oligarch and Takes Him to Task

Russian Prime Minister Vladimir Putin took billionaire oligarch Oleg Deripaska to task and humiliated him before cameras for the state of affairs in his aluminum factory.

Human Rights in the Economic Crisis: A Powerful Amnesty Report

For those who believe that progress on human rights in the world has been adequate, Amnesty International has a sobering and powerful response in their 2009 Report - State of the World's Human Rights.

Blondes to Alleviate Economic Pains of Latvia

To deal with the economic crisis, an “army of 500 blondes will try to put a smile back on the face of recession-weary Latvians by staging a festival this weekend designed to show that they really do have more fun."

World economic woes catch up with The Cannes Film Festival

Stars and producers are spending less time there, hotels have empty rooms for the first time in years, lavish parties and the Vanity Fair Gala bash have been cancelled, and if you want to hire a yacht there are bargains to be had. Hard times indeed.

Op-Ed: Next Film For Michael Moore Targets Economic Crisis

The filmmaker with a message is making another documentary about the current global economic crisis. Slated for release this fall, the film is as yet untitled. Read on for more about an extraordinary man and his work.

China Declares Support of April Summit on Global Economic Crisis

China has declared its willingness to cooperate with other nations in resolving the global economic crisis. There is to be a conference toward that end.

Economic Crisis Could Create 22 million More Unemployed Women

The economic crisis is expected to increase the number of unemployed women by up to 22 million in 2009, the International Labour Office (ILO) says.

Digital News dominated by economic crisis

The economic malaise is the main topic of conversation at the "Digital News Affairs 2009" two-day conference in Brussels. It had less visitors than in previous years, and talk was about nothing but money, or rather the lack of it.

Economic Crunch Could Hinder Russia's Olympic Plans

Back in the summer of 2007, they announced that the 2014 Winter Olympics would be held in Sochi, Russia. So far, Russia is forced to shave off about fifteen percent of the Olympic budget due to the global economic crisis.

Russia and Japan Are Getting Smashed By Economic Crunch

The economic recession has hit the United States very hard. However, it has hit other parts of the world extremely hard as well. Russia and Japan are two major examples.

Expats Flee Dubai

Thousands of British expats are abandoning their cars at Dubai airport and using the remaining credit on their bank cards to flee back home rather than risk debtors’ jail. Debtors unable to pay their debts can be imprisoned in Dubai under sharia law.

Op-Ed: Bailing out the Big 3, Let Them Eat Cake

Should Washington, Ottawa and North American taxpayers spend their hard earned cash to bail out irresponsible corporate behaviour?

Billionaire Says Excessive Greed Underlies Economic Crisis

In a speech to the Montreal Board of Trade, Stephen Jarislowsky said the global financial crisis has been fuelled by extreme greed .
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