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Latest Austerity News

  1. Spain's "El Nino" Lottery Hands out $1.1 Billion

    Sun, 6 Jan 2013

    840 million ($1.1 billion) on top ticket holders in five regions of Spain as it endures a deep recession and high unemployment . The "El Nino" (The Child) lottery is held each Feast of the Epiphany — Jan. 6 — and the top prize tickets Orient bearing gifts. The top tickets dished out €200,000 ($260,240) to each winner, but in keeping with new austerity measures they will pay 20 percent income tax on that. Spain's most lucrative lottery, "El Gordo" (The Fat One

  2. Today in Pictures: Eclipse Diwali, Netanyahu, Anti -Austerity Day and Baby Gorilla

    Wed, 14 Nov 2012

    Food is placed on the main stage as Sadhus and Hindu men celebrate Diwali at the BAPS Shri Swaminarayan Mandir, Nov. 14, 2012 in London. Diwali, which marks the start of the Hindu New Year, is being celebrated by thousands of Hindu men, women and...

  3. Book review: U.S. global role may change

    Sun, 24 Jun 2012

    Are America's days as a superpower numbered? With sustained high unemployment , mounting national debt and legislative gridlock in Washington, the world's most powerful nation is not in the demand is restored, coupled with policies to reverse the nation's widening income gap, can long-term fiscal austerity measures be effective. Though an engaging, if chilling read, The Reckoning would be more powerful if its narrative

  4. Fear And Voting In Wisconsin

    Tue, 5 Jun 2012

    BROADWAY: WILL IT MATTER? ABC's Shushannah Walshe on the president's NYC fundraising and hobnobbing: At a time of high unemployment and economic uncertainty, does a presidential candidate friending and fundraising with the rich and famous matter insisting Republicans have been blockading the effort all along. "If you do not have economic growth, no amount of austerity will balance the budget because you will always have revenues go down more than you can possibly cut spending

  5. President Obama, Bill Clinton Stump on 'Growth' vs. 'Austerity' Agenda

    Mon, 4 Jun 2012

    have economic growth, no amount of austerity will balance the budget because you officers on the job. ... That's the austerity policy. It isn't good economics Eurozone economic policy" of "continued austerity and high unemployment " while Obama favored "shared prosperity

  6. Review: 'Reckoning' is chilling glimpse of a U.S. in decline

    Mon, 21 May 2012

    Are America's days as a superpower numbered? With sustained high unemployment , mounting national debt, and legislative gridlock in Washington, the world's most powerful nation is not in the demand is restored — coupled with policies to reverse the nation's widening income gap — can long-term fiscal austerity measures be effective. Though an engaging, if chilling read, The Reckoning would be more powerful if its narrative

News

  1. Stocks under pressure after Europe's elections threaten plans to rein in spending

    Mon, 7 May 2012

    Socialist Francois Hollande, who pledged "to finish with austerity ." The verdict from European voters will likely force countries into deeper economic distress and increasing already high unemployment . Many believe the austerity programs are necessary to keep bond investors from panicking

  2. The Global Note: Chen's Escape - A Fellow Activist Speaks…After Bin Laden…Blasting Rupert Murdoch…The "Fly Rights" App

    Tue, 1 May 2012

    THE EURO-MESS - PROTESTS ...Europeans are providing new evidence that austerity policies are failing a week of expected anti - austerity protests and a string of important growth and away from austerity . Their calls have

  3. 'This Week' Transcript: John Brennan

    Fri, 27 Apr 2012

    weak economic recovery, we have high unemployment and higher underemployment. At because of -- because of misplaced austerity ... SCHMIDT: That number won't throw out. I think that we have to occupy the majority with people who will

  4. Today In Pictures: Oct. 20, 2011

    Thu, 20 Oct 2011

    died and dozens were injured during an anti - austerity demonstration that turned violent in AP Photo) Demonstrators with “ Occupy Wall Street” continue their protest protesting bank bailouts, foreclosures and high unemployment . (Timothy A. Clary/AFP/Getty

  5. The Politics of September 11th: From Agreement to Discord

    Fri, 9 Sep 2011

    gone from the age of terror to the age of austerity ." And this age of austerity is seeing some of the more conservative members problems that face us: a mountain of debt, high unemployment , and the threats we face from radical Islam

  6. Good Debt, Bad Debt: Little Secrets About Borrowing

    Wed, 10 Aug 2011

    for a nation. A current example is Greece, which is borrowing heavily from its European neighbors and undertake austerity measures so severe there have been riots. Yet without some debt, governments can't assure a sound infrastructure restraint led to the current budget deficit – debt that has grown larger from a decrease in tax revenues resulting from high unemployment . Just as individuals must tighten their belts when income declines, so should the government. Yet congressmen

  7. Anarchists Said to Be a Threat to Prince William and Kate Middleton's Wedding

    Mon, 28 Mar 2011

    of a security threat than the anti - austerity protests , and that means police officers proposes loosening oversight of protests and suggests curbing police powers ministers will have the power to ban protests along much of the wedding route

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Videos

  1. What's Behind Wall Street's Slow Slide?

    Mon, 13 Jun 2011

    looming question as to how we handle that part of that high unemployment has been so stubborn. Right now yet the Fed Chairman new kind of payroll tax cut. That's try to keep on austerity how do we cut the deficit we talk about me medium long term austerity cuts but he's also talking about short term increases

    Austerity found at 1:15

    That's try to keep on -- austerity how do we cut the deficit we talk about me medium -- long term austerity cuts but he's also talking about short term increases now and an -- extending those payroll tax -- any sort of stimulus
  2. U.S. Turns Up Pressure on China Currency

    Wed, 29 Sep 2010

    morning traders are eyeing protests are happening in Madrid workers protesting the tough austerity measures. By the government's that government's tough austerity measures traders definitely with going through with the austerity measures. And cutting back also dealing with a very high unemployment rates. The unemployment

    Protests found at 0:28

    in Europe just refused to go away this morning traders are eyeing protests are happening in Madrid -- happening in Brussels. People on the street -- unions workers protesting the tough austerity measures. By the government's if you remember back in order to fight this sovereign debt crisis governments across -- up. Have pledged to cut spending -- and -- and budget cuts they're trying to lower those -- levels. And that is having an impact it -- salary that hurts workers and now they're taking it to the streets it's happy across Europe twelve countries right now. Are seeing protests including Ireland Italy Portugal some of these countries at the heart. That the debt crisis their marching through the streets. They are protesting that government's tough austerity measures traders definitely hot an -- on this this morning Stephanie it's a source of tension on the streets. In the market it's around minor that those sovereign debt problems are there they're going to be hard for governments to fight. And some traders are wondering our government's going to succeed with -- going through with the austerity measures. And cutting back the -- when the public is so unhappy so frustrated remember you're also dealing with a very high unemployment rates. The unemployment rate in Spain just hovers around 20%. So. You've got people out of work and they're protesting even tougher
  3. Christian Amanpour Talks With Gordon Brown

    Sun, 12 Dec 2010

    In Britain the government is drastic spending cuts austerity . And this people took to the streets in protest that security and brought even more attention to Britain's austerity plan. Joining me now to discuss the global economy growth third jungle is enough growth. So you will always have high unemployment if you can actually have the growth that is necessary

    Austerity found at 0:03

    In Britain the government is -- drastic spending cuts austerity . And this -- people took to the streets in protest that turned violent. Prince Charles and his wife Camilla on their way to fiesta in a twenty foot long Rolls Royce limousine. Got caught in the minutes. It's -- the royals and raised questions about security and brought even more attention to Britain's austerity plan. Joining me now to discuss the global economy growth unemployment is the former British Prime Minister Gordon Brown also former chancellor
  4. This Week (12.12.10)

    Sun, 12 Dec 2010

    growth in Britain the government drastic spending cuts austerity . And this people took to the streets in protest that security and brought even more attention to Britain's austerity plan. Joining me now to discuss the global economy growth something jungle is enough growth so you'll always have high unemployment if you actually have the growth that is necessary to keep

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