Tag Archive for Great Recession

The Neocons — Masters of Chaos

Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland during a press conference at the U.S. Embassy in Kiev, Ukraine, on Feb. 7, 2014. (U.S. State Department photo)

Exclusive: America’s neoconservatives, by stirring up trouble in the Middle East and Eastern Europe, are creating risks for the world’s economy that are surfacing now in the turbulent stock markets, threatening another global recession, writes Robert Parry.

Are US Banks Still ‘Too Big to Fail’?

President George W. Bush speaks on the phone in the Oval Office, Oct. 7, 2008, with Prime Minister Gordon Brown of the United Kingdom, discussing efforts to solve the spreading global financial crisis. (White House photo by Eric Draper)

The U.S. economy’s long slog back from the 2008 financial crisis has tried to ignore the looming question of whether a repeat is likely. Some economists think the Dodd-Frank reforms have largely ended “too big to fail” risk-taking but others aren’t so sure, as Michael Winship notes.

Europe’s Generational Change

Spain's King Felipe VI.

Exclusive: The persistent European recession has undermined public support for the pillars of the establishment and opened a pathway for a generational change that could reshape the face of the Continent, writes Andrés Cala.

Europe’s Not So Shiny ‘Recovery’

Spain's Prime Minister Mariano Rajoy. (Screen shot from BBC)

Exclusive: The mainstream U.S. press explains the overwhelming Crimean vote to leave Ukraine as vote-rigging or coercion, but the reality is that “European aspirations” are not so attractive to people aware of the painful life for many in the EU’s “periphery,” from Spain to Greece, as Andrés Cala reports.

A Fascist Revival Stirs in Spain

Exclusive: The economic pain from the Wall Street crash of 2008 and the ensuing Great Recession has fueled the right-wing Tea Party movement in the United States and a revival of fascism in parts of Europe, including hard-hit Spain where some leaders are promoting the brutal Franco era, writes Andrés Cala.

The Bad Math Behind Austerity

In recent years, the Republican obsession with slashing the federal budget even at a time of high unemployment rested on the intellectual foundation of a study purporting to prove that government debt strangled economic growth. But that foundation crumbled when a computation error was revealed, as Beverly Bandler explains.

Obama’s Challenge at Treasury

With Treasury Secretary Timothy Geithner planning to step down, President Obama is faced with an important appointment. Much of Official Washington wants a “deficit hawk,” but Obama and the country would be better served by someone who cares more about recovery than austerity, says Beverly Bandler.