Tuesday March 28, 2023
| Last update: Tuesday at 2:09 PM
European Union agrees to bail out Spanish banks
BY Masao Suzuki | San José, CA | 6/11/12
On June 9, Spain and the European Union made an agreement to bail out Spain’s troubled banking sector.
bank bailout, capitalist crisis, Depression, European Union, Spain, Unemployment
U.S. in Longest Recession Since the 1930s
BY Adam Price | San Jose, CA | 5/11/09
The United States is now in its longest recession since the Great Depression of the 1930s.
capitalist crisis, Depression, recession
Worst Economic Crisis Since Great Depression
BY Fight Back! Editors | United States | 3/10/09
In the six months since the financial crisis exploded with the collapse of New York investment bank Lehman Brothers, the world economy has been gripped by the greatest economic crisis since the Great Depression of the 1930s.
Depression, Economic Crisis, Socialism
Federal Deficit Could Soar to Nearly $2 Trillion This Year
BY Adam Price | San José, CA | 1/24/09
On Jan. 7, the Congressional Budget Office (CBO) estimated that the federal budget deficit for this fiscal year (October 2008 to September 2009) would be $1.2 trillion.
Depression, Economic Crisis, Federal Deficit, New Deal
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