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Painting by Vance Vasu 24.02.2009, 23:27

Sell these flats, or Belarus will! – President warns

All commercial housing in Belarus should be sold at prices close to prime costs by the end of April – otherwise the flats will be impounded by the state and ‘sold to those in need’,President Lukashenko warned on Tuesday.

08.03.2009, 11:12

In Buck we trust?

As the global meltdown deepens, people's attitudes towards money is changing. The Resident, Lori Harfenist, takes to the streets of New York to find out whether the Big Apple believes in the dollar’s bright future.

24.03.2009, 19:49

Half of Russia’s population saves on food

As the economic crisis continues, 50% of Russia’s population have started saving on food, closely followed by clothes.

The Ithaca hours 10.04.2009, 06:56

Local US currency strengthens community

Many people call local money issued in a dozen US cities, from East Coast to West Coast, worthless pieces of paper. However, it is not just Monopoly money for the people of Ithaca, New York.

14.09.2009, 11:03

“The worst of the global crisis has passed”

Although there is still a risk of another economic recession, the worst has passed, believes John Peet, Europe Editor of The Economist magazine.

Image from utilityweek.co.uk 18.10.2010, 09:09 4 comments

UK on verge of new crisis

Public services in Britain are facing massive cuts in their budget as the government looks to fill the huge black hole in its balance sheet.

30.04.2010, 13:37 16 comments

Debt-ridden Greeks angry at defense deal

Greece faces years of painful cuts to salaries in return for a multi-billion-dollar bailout from the International Monetary Fund and the EU. The Greek finance minister called it a “choice between collapse or salvation.”

23.06.2009, 10:39 14 comments

Is Obama a Wall Street project?

Webster Tarpley, journalist, radio host and critic of the Obama administration, reveals to RT who he thinks really rules the United States.

20.04.2009, 13:03 7 comments

Crisis as a way to build a global totalitarian state

As the world financial and economic crisis comes into its own, the Western community leaders are seeking to impress on mankind the idea that this upheaval will end up ‘turning the world into something different’.

25.06.2009, 20:42 7 comments

Is California going bankrupt?

California, America’s most populous state, has a projected $24.3 billion budget deficit for the coming year, and may start issuing IOUs starting next week.

Americans don’t like losers

Published: 15 September, 2009, 19:28

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TAGS: Crisis Chronicle, USA, Economy


Two-thirds of Americans back the idea of government support for “green” industries, said Clay Ramsey from the University of Maryland’s Center on Policy Attitudes.

However, Ramsey noted, when it comes to helping traditional sectors like banking and other major industries, American do not want to reward those who they perceive to have failed.

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Wall street 15.09.2009, 09:42 2 comments

“There’s no recovery from the crisis”

On the anniversary of the financial meltdown, RT spoke to Gerald Celente, the founder of economic forecasters the Trends Research Institute, who predicted the crisis in early 2008.

15.09.2009, 20:11 2 comments

“US economy reviving thanks to stimulus bill”

The American economy may grow as much as 3 percent of GDP in the third quarter of 2009, said Ethan Pollack from Economic Policy Institute, and it is due to the stimulus package that the worst may be over.

Count Cash September 16, 2009, 11:11
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This pretty well sums up the Americans I know. On numerous occasions I have heard Americans telling me that they shouldn't back a failed system. I think they (government) didn't. They just plane and simpled backed the failed bankers. It was just a demonstration of how much the bankers controlled the US government. The way I see it, the bankers got cash rapidly when they wanted it, without much debate, whilst when the people wanted something done on heathcare (be it right or wrong) and elected Obamarama to get it delivered, they (government) can't do it for months and endless debate. So it demonstrates who really is in control! They even targeted the wealthy corporations from the outset with too big to fail, or put another way, too small too live for others, just like the people on the street!