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The new conservative Australian government is scaling new heights in their attack on the most disadvantaged. The May Fiscal Statement was littered with nasty cuts, which reduce spending by trivial amounts at the macroeconomic level but which will have...

The whirlwind continues. We begin with a German attack on banks, then move on to a europol’s prediction of growing social disruption across the continent, and a eorbanksters soothing austerian noises. Moving on to Greece, we learn of an IMF threat...

Obama 2014 State of the Union transcript As Prepared for Delivery – Mr. Speaker, Mr. Vice President, Members of Congress, my fellow Americans: Today in America, a teacher spent extra time with a student who needed it, and did her part to lift...

NEW YORK (CNNMoney) — Michelle Marshall is one of the 1.3 million long-term unemployed Americans who will lose jobless benefits Saturday. Marshall, 56, has been out of work for a year, since she lost an administrative assistant job that paid her...

  Economic Science and The Holy Grail of Forecasting Alan Greenspan has recently alighted from his daily formaldehyde bath (h/t to Vidoq for the imagery) to promote his new book, the main topic of which is 'forecasting' of all things. The obsession...