Gambling Economy Goes Bust

Indypendent Staff Sep 25, 2008

Gambling Economy Goes Bust

The United States has faced one economic crisis after another this year — from the foreclosure of millions of homeowners to soaring food and fuel prices to the implosion of the credit markets and Wall Street’s demand for a $700 billion bailout. Throughout it all, The Indypendent has dug deeper to explain what is going on and why.

Longtime Indypendent reporter and editor Arun (A.K.) Gupta was outraged by the government bailout of Wall Street and sent out an email to New York City circles urging people to take to the streets in protest at Bowling Green Park near Wall Street, Thursday, Sept. 25. Tapping into a sea of rage across the nation, more than 100 demonstrations have now been planned in cities across the country. To search for a protest near you, or to start your own, visit True Majority or United for Peace and Justice.

Gupta was interviewed Sept. 25 on Democracy Now! about the protest and the state of the U.S. economy. Click here to watch/listen to segment.

Here’s a Guide to Recent Indypendent Economic and Political Coverage:

“Time for a Taxpayers Revolt” by Medea Benjamin and Arun Gupta September 28, 2008

“How Wall Street Killed the Economy” by A.K. Gupta
February 4, 2008

“From Bubble to Rubble: $10 Trillion Home Mortgage Debt Tanks Economy” by Max Fraad Wolff
February 4, 2008

“A Better Way to Stimulate the Economy” by Max Fraad Wolff
February 4, 2008

Naomi Klein, author of the best-selling book, The Shock Doctrine: The Rise of Disaster Capitalism, is a strong supporter of The Indypendent. To see a short video clip about what she had to say earlier this year, click here. Read her latest call to action, “Now is the Time to Resist Wall Street’s Shock Doctrine.”

“The Republicans Have Already Won” by A.K. Gupta
February 4, 2008

“Inflation Nation: A Guide to Your Pocketbook Blues” by A.K. Gupta
April 14, 2008

“Bailing Out the Billionaires” by Max Fraad Wolff
April 14, 2008

The Real Obamania: Why Big Business Is Lovin’ the Democrats by John Tarleton
August 8, 2008

“Subprime Color Line: Brooklyn Retiree on Verge of Losing Home as Sub-prime Lenders Target Cash-Poor Black Seniors” by Joseph Huff-Hannon
April 25, 2008

“Oil Shock Offers Golden Opportunity” by A.K. Gupta
July 19, 2008

“Cowardly New World” by Max Fraad Wolff in the Huffington Post Sept.22, 2008

“Bloomberg Backed Banks in 2002” by Chris Anderson
April 25, 2008

Tackling Global Warming in the Big Apple in the article, “… the Last Word” by Jessica Lee
June 8, 2007…the-last-word/

Stay Tuned: The Indypendent will live blog today’s protest at Wall Street. For more, click here.

Look for more coverage of the economy by A.K. Gupta and Max Fraad Wolff in the October 3 issue of The Indypendent.To subscribe to The Indypendent, click here.

To request interviews with Arun Gupta, Max Fraad Wolff or other Indypendent reporters, please email Jessica:

Tap into the Indypendent’s Speakers Bureau — invite Indypendent reporters and editors to speak to your organization or university campus! Please send an invitation to or call 212-221-0521.

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