economy
Greek economic turmoil presents tough questions, bad consequences
As Greece tries to get its political and financial house in order, the return of the drachma seems ever more possible. But that might not be the salve some Greek leaders want it to be. The consequences for Greece could quickly spiral beyond their control.
Greek healthcare system struggling to cope under weight of budget cuts
Greek hospitals have been accused of threatening not to release babies after they're born, unless their parents pay the bill for the delivery. Others are accused of withholding birth certificates. All of this because the Greek budget crisis has eroded health insurance coverage and hospital budget cuts.
VIDEO: Economists fearful of consequences as Greeks move to have another set of elections
In Greece, the government is moving to another round of elections after the latest round produced no viable government. Meanwhile, economists are worried that the instability between now and then could cause economic havoc, not the least of which is Greeks who are pulling their savings out of Greek banks in fears that a default could cost them their life savings.
Economic turmoil in Europe could be key that turns U.S. elections
As Europe digests the results of recent elections, there's a growing sense that decisions made there today could land in the United States in the heart of the election season. That could be a deciding factor in whether Mitt Romney or Barack Obama are chosen to serve the next four-year term as President of the United States.
European artists protest budget cuts by destroying their art, including at museums
An Italian museum is the highest profile examples of European artists protesting budget cuts by burning their art. At the Casoria Contemporary Art Museum, director Antonio Manfredi has promised to burn three pieces per week until his funding is improved. He's already burned some pieces, so he's not bluffing.
Thousands of Portugese fleeing sinking economy, with many headed for Brazil
Portugal's former colony, Brazil has a booming, growing economy. By comparison, Portugal's economy is moribund. As the highly educated younger generations struggle to find work, many are leaving and heading to Brazil. In Brazil, the need to prepare for upcoming international events and the growing economy provide many opportunities.
With economy plummeting, food scavenging on the rise in Spain
A report released Friday showed unemployment is Spain has reached 24.4 percent. Over 5.5 million Spaniards are jobless. As the recession deepens, more Spaniards have turned to scavenging for food to supplement their budgets.
New book casts America's economic future in strikingly positive light
Daniel Gross' new book "Better, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy," has a more optimistic take on the U.S. economy and its current state.
Wave of reporting on Dutch political, economic struggles misses the nuance
When the government of The Netherlands fells over a disagreement on austerity and government spending, reporters rushed to Holland to find signs of further trouble. But in all that reporting, the examples held up as signs the sky was falling may have overlooked the reality on the ground.
Big Macs provide good glimpse of global economy
Orley Ashenfelter is a professor at Princeton University and the author of the Big Mac Index, a measurement of a nation's wealth based on the average wages of a McDonald's employee over the cost of a Big Mac. For example, McDonald's employees in poorer countries would not be able to afford the food they serve.
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Anthony Cloud (22 May, 2012 10:35:29)This is not a hate crime, it's an indifference crime. It is hard to say which is worse. There are no statutes covering "indifference crimes", ... -
Yaccob (22 May, 2012 01:14:39)I am from Eritrea as well. I had been through similar situations before i finally managed to arrive in Australia two years ago. so ...
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Vas (21 May, 2012 06:47:44)Weekend In Chicago https://vimeo.com/42522561
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DeeDi (21 May, 2012 02:57:20)I don't undstand Black folks we have soooo many gay folks in our families. Ya might not like it but those are the facts lets worry ...
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wavettore (21 May, 2012 12:10:25)Not the protests or the violence in the streets could ever stop one relentless Plan relying on its long tentacles and on the short memory ...