The Housing Market Recovery Is ‘A Complete Hoax’

Alexander Reed Kelly / Truthdig May 3, 2013 Homeownership is at its lowest level in 18 years, but housing prices are rising. Why? Because banks are creating real estate scarcity by buying up homes and selectively stalling foreclosures. Dig deeper ( 2 Min. Read )

A Recovery for the Piggies, Not You

Alexander Reed Kelly / Truthdig May 1, 2013 The economic crisis "ended only for the top 7 percent of households that have substantial holdings of stocks and bonds," former Reagan Assistant Secretary of the Treasury Paul Craig Roberts writes. "The other 93% of the American population is still in recession." Dig deeper ( 2 Min. Read )

Obama’s Terror Campaign

Alexander Reed Kelly / Truthdig Apr 22, 2013 The president maintains a "global system of kidnapping, torture, rape and murder" to demoralize and coerce those who would oppose the American-led neoliberal empire, political economist Rob Urie writes in CounterPunch. Dig deeper ( 3 Min. Read )

Scheer Trumps Krugman in Stockman Debate

Alexander Reed Kelly / Truthdig Apr 12, 2013 Journalist Mike Whitney praised the Truthdig editor in chief for being "the only voice on the left" to defend former Reagan budget director David Stockman against an "army of toffeenose pundits" who failed to honor the essential truth of Stockman's controversial New York Times op-ed. Dig deeper ( 3 Min. Read )

Truth Telling Is Offensive

Alexander Reed Kelly / Truthdig Apr 7, 2013 Paul Craig Roberts was an assistant secretary of the Treasury under Ronald Reagan. Like many Americans, he has been wounded by the government he helped create, and he's tired of being called offensive and depressing for talking about it. Dig deeper ( 3 Min. Read )

Yet More Power for the Global 1 Percent

Alexander Reed Kelly / Truthdig Apr 6, 2013 The Trans-Pacific Partnership, a U.S.-led free trade agreement that would exempt multinational corporations from having to comply with policies governing industry in signatory countries, looks set to be rammed into law without comment or notice from much of the American media. Dig deeper ( 4 Min. Read )

The Recession’s Toll on Your Health

Alexander Reed Kelly / Truthdig Apr 3, 2013 A broken economy means broken bodies -- bodies that give way under stress, inadequate and unavailable health care, and in some places, fewer available supplies to treat the increased numbers of ill. Greece points the way. Dig deeper ( 2 Min. Read )

Celebrated Scientist Renounces National Academy and War

Alexander Reed Kelly / Truthdig Mar 21, 2013 Last month, University of Chicago anthropologist Marshall Sahlins resigned from the National Academy of Sciences to protest the election to the group of Napoleon Chagnon, a peer whose specious arguments in favor of a natural human tendency toward violence have helped militarize the discipline and legitimize wars of aggression. Dig deeper ( 4 Min. Read )

The Confirmed Insanity of Austerity

Alexander Reed Kelly / Truthdig Mar 19, 2013 Austerity threw the 17 countries that use the euro back into recession in the third quarter of 2012. As a result, unemployment is expected to rise 12.2 percent, leaving half of young people in Spain and Greece without jobs, and public debts -- the expressed target of the reductions -- are growing as well. Dig deeper ( 2 Min. Read )

The Orwellian Consequences of the War on Drugs

Alexander Reed Kelly / Truthdig Mar 13, 2013 Without much notice, the drug war has expanded government search and seizure powers, turned children into their parents' monitors and urged many Americans toward blind obedience to authority, Kevin Carson writes in CounterPunch. Dig deeper ( 2 Min. Read )

Powerful Money but Weak Speech at Obama’s Second Inauguration

Alexander Reed Kelly / Truthdig Jan 24, 2013 The ceremony Monday -- brought to us by Bank of America, Coca-Cola, AT&T and other corporations at a total cost of $124 million -- was an exercise in misrepresenting the dangers of global warming, the purpose of education and the future of America’s wars, writes Dave Lindorff at CounterPunch. Dig deeper ( 2 Min. Read )

How Banks Capture the Economy

Alexander Reed Kelly / Truthdig Jan 3, 2013 The second installment of Michael Hudson’s status report on the U.S. economy identifies debt as the financial sector’s key weapon in the push to extract wealth from governments, companies and families. Dig deeper ( 2 Min. Read )