Economy/Labor

NEW YORK (AP) — Occupy Wall Street protesters clogged streets and tied up traffic around the U.S. on Thursday to mark two months since the movement’s birth and signal they aren’t ready to quit, despite the breakup of many of their encampments by police. More than 200 people were arrested, most of them in New York. The demonstrations…

The tremors from Europe’s financial upheaval have reached U.S. shores, rattling consumers and companies. The consequences have been limited so far. Yet the United States and Europe are so closely linked that any slowdown across the Atlantic is felt here. U.S. makers of cars, solar panels, drugs, clothes and computer equipment have all reported effects…

By PAUL KRUGMAN Inequality is back in the news, largely thanks to Occupy Wall Street, but with an assist from the Congressional Budget Office. And you know what that means: It’s time to roll out the obfuscators! Anyone who has tracked this issue over time knows what I mean. Whenever growing income disparities threaten to come…

By Alastair Macdonald | Reuters – 2 hrs 23 mins ago ONDON (Reuters) – For an October revolution, dress warm. That’s the word going out – politely – on the Web to rally street protests on Saturday around the globe from New Zealand to Alaska via London, Frankfurt, Washington and, of course, New York, where the past month’s Occupy Wall Street movement has…

China’s state news agency Xinhua said Monday that anti-corporate protests in New York had exposed what it called “fundamental problems” with the US economic and political systems. The Occupy Wall Street protests, which have spread across the United States since they began on September 17 in a New York park, have been widely covered in China’s media and…

By ALICIA TEJADA and CECILIA VEGA Oct. 9, 2011 The Occupy Wall Street protesters might be struggling to find a unified message but there appears to be little doubt about their growing resolve as the movement settles in beyond the small lower Manhattan Park where it began nearly four weeks ago. “There is something that’s…

Austan Goolsbee was President Barack Obama’s most important economic adviser until August. He told SPIEGEL that Europe must recapitalize its banks immediately to avoid the risk of a financial collapse. He says that Europe has been far too hesitant in combatting the ongoing debt crisis. SPIEGEL: Many US economists now say that Europe’s currency crisis…

The head of the world’s biggest food company Nestle said on Friday that rising food prices have created conditions “similar” to 2008 when hunger riots took place in many countries. “The situation is similar (to 2008). This has become the new reality,” the Swiss giant’s chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten daily in his native Austria in an interview. “We…

Global financial anxieties reached new heights on Tuesday, with a bear market taking grip of stock exchanges around the world. German commentators complain that policymakers have failed in their duty to curb the looming crisis and warn of tough times ahead. Fears over a global downturn intensified on Tuesday as stocks in Europe and around…