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THE GLOBAL FINANCIAL CRISIS
Gold, gold, gold as world places Swan on a pedestal
Good news at last ... Euromoney Finance Minister of the Year, Wayne Swan. Photo: Alex Ellinghausen THE Treasurer, Wayne Swan, has been named the world's best finance minister for his work in steering Australia through the global financial crisis. Last night, Mr Swan was named as the Euromoney Finance Minister of the Year for 2011 and will receive his award at a ceremony in Washington on Sunday at a meeting of the International Monetary Fund. It is only the second time in the award's 30-year history that an Australian has won.The Mortgage Crisis
How Wall Street and Washington broke faith with working families
Household incomes fell and the number of Americans in poverty surged last year as the stubborn hangover from the Great Recession lingered. The 2010 statistics from the U.S. Census Bureau offered a grim picture of working class America: The real median household income in the United States in 2010 was $49,445, down by 6.4 percent since 2007. The ranks of the poor swelled by 2.6 million Americans, as the poverty rate rose to 15.1 percent, its highest level since 1993. And some 900,000 more Americans were without health insurance, pushing the total close to 50 million.football finance
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