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22.07.2010, 03:14 1 comment

Obama signs new financial reform legislation into law

US President Barack Obama has signed into law a financial reform bill that will add new regulations to Wall Street and the financial sector.

10.02.2010, 00:35

Wall Street switching sides

After years of donating to Democrats, and US President Barack Obama in particular, major banks and brokerages seem to be moving their money to the other side.

26.08.2010, 03:24 9 comments

US economy enters double dip recession

Millions of Americans remain unemployed, US bankruptcies have reached a five year high, China slashed US bond holdings by the largest amount to date and US home sales have plummeted to the lowest level on record.

09.10.2010, 01:25 2 comments

World economy breaking-up with US

As the US economy teeters on the edge of decline and a possible double dip recession, emerging economies continue to grow at a quick click.

10.09.2009, 11:10 6 comments

“Chavez makes life easy for US media”

Hugo Chavez is a colorful and bombastic character, who makes life easy for the US media. But it hasn’t covered the social and economic discontent which led to the rise Chavez, said Nikolas Kozloff, Latin America expert.

Photo from socialismdoesntwork.com 05.11.2009, 10:59 3 comments

The billionaire bailout society

The new financial instruments invented about 30 years ago helped the America’s wealthiest to suck up the extra wealth created by deregulated finance system, explains Les Leopold, author of “The Looting of America”.

United States, New York : The headquarters of the Lehman Brothers investment bank on Sixth Avenue is seen on September 14, 2008 in New York (AFP Photo / Michael Nagle) 15.09.2009, 08:28 3 comments

Black Monday one year on: what’s in sight?

September 15 marks the economic 9/11 that shook the US last year. Global financial services firm Lehman Brothers collapsed and became a symbol of the largest bankruptcy in American history.

05.10.2010, 08:54 4 comments

Where to cut the pound of flesh

Americans are sitting and waiting for economic changes as Europe sizzles with rage over government austerity measures, with populations angered that they have to pay for others’ mistakes.

AFP Photo / Paul J. Richards 14.10.2010, 00:42 3 comments

Washington hijacked by Wall Street

While 14 million Americans are unemployed and 1 in 7 Americans are living in poverty, one group isn’t doing too badly.

08.09.2009, 17:11

US “is not in line with the needs of the world economy”

“In our report, we highlight the importance of the reform of the international monetary and financial systems, including the role of the IMF and the exchange rate system,” says Detlef Kotte, an economist at UNCTAD.

US economy: “living on borrowed time”

Published: 05 October, 2009, 16:52


US economist and author Max Wolf says the American economy is a ticking time bomb, and there is no telling when it will go off. RT caught up with him in New York to talk about the subject in more detail.

 
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