This week, Italy’s financial woes have dominated international headlines. The European Union is concerned the country won’t be able to pay off its massive debt. The economic crisis is so acute it looks like the country’s prime minister, Silvio Berlusconi, may be stepping down.
As disenchanted citizens across the world gather in solidarity with Occupy Wall Street, Chicagoans prove to be a particularly formidable force in the movement.According to the Chicago Tribune, 2,000 individuals joined the protests last Saturday, meeting at LaSalle and Jackson to march defia
When the U.S. rode high on the housing bubble, economists wrote off Germany as the “sick man of Europe.” Now, Germans warn of labor shortages while the U.S struggles with a nine percent unemployment rate. We talk to Peter Hall, professor of European studies at Harvard University.
Today, we look at a new and mysterious online currency called "bitcoin." Since its launch in 2009, it’s prompted many to imagine an alternative reality. In it, the economic establishment no longer controls the flow of money around the world.
In the aftermath of the financial crisis, a person using the alias "Satoshi Nakamoto" invented “bitcoins,” a virtual currency users could trade for real bills like dollars and euros. His idea was to circumvent the manipulations of central banks and irresponsible governments.
Builders broke ground on fewer homes in August, evidence that the housing market remains depressed.The Commerce Department said Tuesday that builders began work on a seasonally adjusted 571,000 homes last month, a 5 percent decline from July and a three-month low.