February 4, 2015 |
Money may not buy you love, but lack of money is so rough on the psyche that it's life-threatening. A new study led by a University of Pennsylvania professor found that economic turmoil in Greece correlated with an increase in suicides for both men and women. Researchers from Penn, Greece, and Scotland analyzed month-by-month data on 11,505 suicides from 1983 through 2012. Charles Branas, a Penn epidemiologist, said previous studies had found more suicides during rough economic periods.
May 2, 2013 |
ISTANBUL, Turkey - Workers around the world united in anger during May Day rallies Wednesday - from fury in Europe over years of austerity measures that have cut wages, reduced benefits and eliminated many jobs altogether, to rage in Asia over relentlessly low pay, the rising cost of living and hideous working conditions that have left hundreds dead in recent months alone. In protests, parades, strikes and other demonstrations held in cities across the planet, activists lashed out at political and business leaders they allege have ignored workers' voices or enriched themselves at the expense of laborers during what has been a difficult few years for the global economy.
April 30, 2013 |
The policy mystery of our time is why politicians across much of the democratic world are so obsessed with deficits when their primary mission ought to be bringing down high and debilitating rates of unemployment. And since last week saw a cross-party celebration of the opening of George W. Bush's presidential library, I'd add a second mystery: Why is it that conservative Republicans who freely cut taxes while backing two wars in the Bush years started preaching fire on deficits only after a Democrat entered the White House?
March 15, 2013 |
BRUSSELS - Thousands of workers protested in Brussels on Thursday to demand that European Union leaders gathering for a summit bring an end to austerity measures and instead focus on boosting growth and reducing unemployment. The demonstration vented frustration over years of austerity imposed by EU leaders that unions and many economists say is worsening the recession and driving ever more people into unemployment and poverty. Even the EU leaders acknowledge that swift action is needed.
March 10, 2013 |
WASHINGTON - As President Obama and lawmakers spar over federal deficits, they're confronted by a classic contradiction: Most Americans want government austerity, a survey shows, but they also want increased spending on a host of popular programs: education, crime fighting, health care, Social Security, the environment and more. Less for defense, space, and foreign aid. The newly released General Social Survey asked people whether they believe spending in specific categories is "too much," "too little" or "about right.
March 4, 2013 |
LISBON, Portugal - Many thousands of demonstrators held marches in more than 20 cities in Portugal on Saturday to protest against government-imposed austerity measures aimed at lifting the ailing country out of recession. Tens of thousands of people filled a Lisbon boulevard leading to the Finance Ministry carrying placards saying "Screw the troika, we want our lives back. " The troika is a reference to the European Commission, the International Monetary Fund and the European Central Bank, the lenders behind the country's financial bailout.
March 4, 2013 |
Swarthmore College economist Mark Kuperberg calls it the "austerity pandemic. " It seems to spread from person to person and even continent to continent, like some bizarre zombie malady passed along by politicians and pundits via cable or satellite TV. The U.S. strain has one key symptom: a misguided obsession with a real but long-term problem - the nation's debt - that threatens to worsen an immediate crisis already harming millions of Americans each...
January 7, 2013 |
Consider it a mea culpa submerged in a deep pool of calculus and regression analysis: The International Monetary Fund's top economist has acknowledged that the fund blew forecasts for Greece and other European economies because it did not fully understand how government austerity efforts would undermine economic growth. A technical paper published Thursday looks again at fiscal multipliers, the impact a rise or fall in government spending or tax collection has on economic output.
January 1, 2013 |
LONDON - Lavish fireworks displays ushered in 2013 across the Asia-Pacific region on Tuesday, and Europe was holding scaled-back festivities and street parties in the hope of beginning a year that will be kinder to its battered economies. Asian cities kicked off New Year's celebrations in style and an atmosphere of renewed optimism. Huge fireworks lit up skylines in Sydney, Hong Kong, and Shanghai, and the once-isolated country of Myanmar joined the countdown party for the first time in decades.
November 9, 2012 |
ATHENS, Greece - Greece's parliament narrowly passed a crucial austerity bill early Thursday, in a vote that left the coalition government reeling from dissent as it struggles to secure vital bailout funds. The bill, which will further slash pensions and salaries, passed 153-128 in the 300-member parliament. It came hours after rioters rampaged outside the parliament during an 80,000-strong anti-austerity demonstration, clashing with riot police who responded with tear gas, stun grenades and water cannon.