financial crisis
How America Can Free Itself From Wall Street
By Ellen Brown First published on Truthdig, Oct. 02, 2018. Wall Street owns the country. That was the opening line of a fiery speech that populist leader Mary Ellen Lease delivered around 1890. Franklin Roosevelt said it again in a letter to Colonel House in 1933, and Sen. Dick… »
Movie night in Berlin: Debt is the money of the rich
In the heart of Neukölln-Berlin, in B-Lage, DiEM25 Berlin presented the film “Who is Saving Whom? – Crisis as a business model at the expense of democracy and social security”. Although the screening room was crowded and crammed with 80 visitors, the mostly young audience attentively watched… »
Brazil 2015: The Year When Everything Went Wrong
Human Wrongs Watch By Fernando J. Cardim de Carvalho* RIO DE JANEIRO, 30 December 2015 (IPS) – As 2015 approaches its end, Brazilians live a period of extraordinary uncertainty. The recession seems to… »
How to build an international financial crisis
Banks and corporations are being liberated from the rule of law, and are ripping the world apart. What have governments learnt from the financial crisis? I could write a column spelling it out. Or I could do the same job with one word. Nothing. Actually, that’s too generous. The lessons… »
Iceland jails dozens of corrupt bankers for 74 years
In stark contrast to the record low number of prosecutions of CEO’s and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74 years in prison. The majority of those convicted have been sentenced to prison terms of two to five years. »
Greece’s choice: save the people or the banks?
The recent rise to power of the left wing party Syriza with Tsipras as Prime Minister has renewed expectations about the paths that the country can take to resolve her crisis. Tsipras’s promise to put an end to the extreme measures generated favourable expectations, but the question that arises is… »
Politicians and oligarchs empty their Cyprus accounts before the introduction of banking restrictions
The Cypriot opposition is demanding to have the identity of depositors who emptied their accounts before the bank restrictions revealed. The controversy is served. In the early hours, a week last Saturday, when the Cyprus Government agreed the controversial tax on the country’s savers with the Eurogroup, the authorities in… »
Spain: 6 million empty properties, 400,000 families on the streets
The spokesperson for the Mortgage Holders Platform, Chema Ruiz, criticised the Spanish economic model that, in his opinion, defends the banks and leaves people with an enormous debt, and losing their homes when it becomes impossible to repay. This situation has resulted in six million empty residences in Spain while… »
Demonstrations across Spain to demand the right to housing and the end of evictions
Following the report in Pressenza yesterday about the elderly couple in Majorca who committed suicide under pressure from their debts we report on social demonstrations taking part in Spain tomorrow. The Platform of Mortgage Holders and groups of 15M (The Occupy movement in Spain) have called for protests across Spain… »
UK workers earn lowest in a decade
The real value of British workers’ wages has fallen back to 2003 levels in 2012, raising fresh concerns at the time of the country’s ailing economy, a new report suggests. According to figures released by the Office for National Statistics (ONS), British workers are earning no more than they were… »
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