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Financial crisis News

Texas Pastor bans women from wearing hair weaves to church

Waco - While many churches tell people to come as they are, one Texas pastor has added an exception to the message — women, leave your hair weaves at home.
In the Media by Yukio Strachan - 1 comment

Op-Ed: Nasdaq stops all trading as Economic Armageddon looms

The Nasdaq stops all trading partly because we are now on the verge of a historic economic meltdown. The Dow sinks for the sixth day as traders ponder fed exit. We are heading toward a frightening fall and punishing winter decorated in economic collapse.
In the Media by Eliot Elwar - 25 comments

Access to medicines restricted in Greece

Athens - Access to new medicines for patients in Greece has been on hold since December 2010 and the arrears owing to pharmaceutical companies from the state-run health insurer total over 2 billion euros.
In the Media by Tim Sandle - 1 comment

'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.
Digital Journal Report by Cate Kustanczy - 1 comment

Could change in U.S. economic philosophy solve financial crises? Special

Many people are apprehensive of the direction in which the economy is going, and as these concerns over dire financial situations emerge across the world, people are actively searching for information.
Digital Journal Report by Leigh Goessl - 13 comments

Swiss bank UBS cuts 10,000 jobs

The major European bank UBS has announced it will cut 10,000 jobs worldwide. This is an attempt by the bank to reduce its costs. The restructuring is a result of the bank's exposure to the global financial crisis.
In the Media by Tim Sandle - 4 comments

Op-Ed: How many idiots does it take to fix a global economy? Too many

Sydney - Globalization has revealed exactly how many idiots, elected and otherwise, there are in top echelons in business and government around the world. They insist on using old logic to solve new problems.
In the Media by Paul Wallis - 8 comments

Op-Ed: The US dollar could collapse in the near future

The US dollar (USD) could collapse within the near future. The USD could fall during the months of October or November of 2012 or shortly afterwards. It could be replaced by either a new global or North American currency.
In the Media by Eliot Elwar - 2 comments

Op-Ed: The Beijing Defense vs. America's One Trick Pony

For the last three or four years we have seen the continual demise of the US dollar's influence and the rapid growth in China currency swaps, currency controls and currency ties as strategies against the dollar's influence. What of the dollar's future?
In the Media by Bill Jencks

Defying the city's eviction notice, Occupy Oakland storms bank

Oakland - After receiving an eviction notice from the city, the Occupy Oakland General Assembly defied the order to disperse, shutting down streets and storming a Chase bank branch.
In the Media by Michael Krebs - 3 comments
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Screwing us up every single day

This is my first crime report. The crime we see and experience everyday, the crime we are all affected by and the type...
Apr 30, 2013 by Joseph Boltrukiewicz - 6 comments

Ratings Agencies Are Not So Bulletproof Anymore

In August 2011, Standard & Poor’s (S&P) (a unit of McGraw Hill) downgraded the credit rating of the United States...
Feb 5, 2013 by Anna Timone

How US Debt risks dollar reserve status

For at least the last 3 years I have been sounding off and warning about crass and dangerous foreign dollar policies...
May 1, 2012 by Bill Jencks

The Fed: So Busy Deflating the Inflation Stats

Now we will have a tentative stab at trying to understand the stats world of the US Government. In an interesting...
Apr 1, 2012 by Bill Jencks

American Capitalism: Profits Matter, Jobs Don't

Having watched the progress of the financial crisis over the last several years in America, I still remain breathless...
Apr 1, 2012 by Bill Jencks - 4 comments
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