Economy

Danny Schechter

May 13, 2008
Danny Schechter the "News Dissector" tells The Real News that the Wall St. crisis is about to become part of the political debate in America, from Hillary Clinton slamming money brokers to the FBI investigating mortgage fraud. As well, the media is also to blame for ignoring the problems until the market melted down.

Candidates calls for change to economy rhetoric

May 5, 2008

There is no real public discussion either in the media or by presidential candidates to make the changes necessary to democratize the economy. We have seen a general move to an increasingly regressive tax system in the past 30 or 40 years in the US and Europe. Public boards should make corporations and banks more…

Debt-fueled rat race drives economic crisis

May 4, 2008

As the US Federal Reserve once again cut interest rates on Wednesday in the hopes of stanching the economic bleeding in the US, The Real News Network senior editor Paul Jay sat down with economist Leo Panitch to discuss the causes of–and solutions to–the current economic crisis. Panitch says that the increase in the standard…

US truckers call for nation-wide shutdown

April 30, 2008

A convoy of trucks rolled through Washington, DC, on Monday, as part of a protest to pressure Congress into acting on high gas prices. As gas around the US hit an average of $3.66 per gallon–a full 66 cents above the price this time last year–truckers called on the US government to take action.

As food crisis spreads, UN forms hunger task force

April 30, 2008

UN Secretary-General Ban Ki-Moon announced plans on Tuesday for a UN task force to tackle the growing crisis in food prices. As Ban made his announcement, food protests spread and some countries threaten to charge speculators.

Mexico up in arms over oil privatization plans

April 29, 2008

Thousands of Mexicans took to the streets of Mexico City on Sunday to protest an oil reform bill they say would lead to the privatization of the country’s state-run oil company. Led by opposition lawmaker Andres Manuel Lopez Obrador, the demonstrators expressed their displeasure with plans to look for private capital to help fund the…

A new hope in fight against malaria

April 27, 2008

A new treatment for malaria, developed by the Brazilian government and the Drugs for Neglected Diseases Initiative, or DNDI, promises to be an easy, one-step process for patients. And the lack of a patent on the medication means it will be more easily available in the relatively poor parts of the world where malaria continues…

Bolivia crisis

April 26, 2008
Brazil has banned the export of rice over fears that a supply crunch and rising global prices could threaten food supplies at home. Reinhold Stephanes, Brazil’s agriculture minister, said the move was in response to a number of other countries, mostly in Asia, who have also banned rice exports, causing an imbalance in the global…

Specter of food rationing hits US supermarkets

April 25, 2008

Rice futures hit an all-time high on US commodities markets on Wednesday, raising fears that market speculation is adding upward pressure to food prices already suffering from rising demand, drought and diversion of crops to biofuels. The record high comes the same week as Sam’s Club and Costco, two large membership-based supermarket chains, took the…

Lula: Rich countries to blame for food crisis

April 18, 2008

Luiz Inacio Lula da Silva, the president of Brazil, sharply criticized developed nations on Thursday for their role in bringing about the food crisis. Speaking at the UN’s Food and Agriculture Organization, da Silva said expensive fertilizers, manufactured in wealthy countries, make farming expensive in the developing world. But da Silva rejected the notion, recently…