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Dow Jones reaches highest point since Great Depression

NEW YORK — The Dow Jones Industrial Average powered to an all-time record high Tuesday exactly four years after hitting bottom in the worst economic crisis since the Great Depression. After more than doubling its value in a steady march upward since March 2009, the Dow assaulted the record from…

Thousands in Madrid protest against austerity cuts

MADRID — Thousands of Spaniards massed outside parliament in Madrid Tuesday yelling in anger at government austerity cuts that they say are punishing the poor. Surrounded by police in fleets of riot vans, the crowd gathered in front of police barriers blocking the road to the Congress where lawmakers were…

Police fire rubber bullets at Madrid protest

MADRID — Spanish riot police fired rubber bullets at baton-charged protesters Tuesday as thousands rallied near parliament in Madrid in anger at the economic crisis, in clashes that left 14 people wounded. Riot police in helmets charged to clear thousands of protestors who swamped the Plaza de Neptuno square yelling…

Hungarian PM blames EU for economic crisis

Hungarian Prime Minister Victor Orban lashed out at the European Union for failing to solve the bloc’s economic crisis on Saturday, a day after calling for a new economic system. “It must be said: The crisis is in fact Brussels’ crisis,” Orban told several thousand supporters during a visit to…

More protests in Spain amid escalating financial crisis

Thousands of jobless Spaniards marched through Madrid Saturday in the latest angry demonstrations against economic crisis cuts, as fears rose for the country’s financial stability. Young people thrown out of work by the recession converged on the capital, many of them having hiked hundreds of miles from around Spain, and…

Greeks launch ‘Everything is OK’ website amid economic crisis

Greeks fed up with stories of austerity and gloom can now turn to a new website aptly named Everything is OK (ola kala, OK in Greek) which aims to bring only happy news stories to the population. Describing itself as an “online health wellbeing portal”, the site www.olakala.gr tells users:…

U.S. condemns Sudan crackdown on protests

WASHINGTON — A crackdown on protestors will not solve Sudan’s political and economic crises, a US official said, condemning the assault and detention of protestors. “Sudan’s economic crisis cannot be solved by arresting and mistreating protesters,” said State Department spokeswoman Victoria Nuland. “There have been reports of protestors being beaten,…

Krugman explains the gradual march to economic crisis

Thursday on PBS Newshour, Nobel prize-winning economist Paul Krugman explained the relevance of Hyman Minsky’s theory on the current economic crisis. “One of his arguments was exactly that you have, you have a depression, you have a bad scene and everybody gets cautious and that caution gives you several decades…

Could the economic crisis shift attitudes about child-bearing?

Confession time: I think that show “The Soup” is fucking hilarious and I’m trying to watch it regularly now. Their reaction to the “scandal” over Jessica Simpson’s weight is worth the price of admission alone. It’s the only place I’d ever see clips from “Jon & Kate Plus 8″, which…