economic crisis

The financial crisis gripping Greece is having a major impact on the country's young people. A two-tier labor market that favors the older generation and draconian austerity measures have triggered a record high jobless rate among those under 35.

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Despite surviving a no confidence vote, the Greek government has lost the people's confidence as tens of thousands of Greeks continue daily protests against devastating measures that have led to growing joblessness, homelessness and anxiety.

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As the beginning of the summer travel season draws near, something strange is happening at the gas pump.

Ordinarily gasoline prices go up this time of year and stay up for the summer. This, however, is no ordinary year.

The economic crisis in Europe, and other factors, are driving the cost of crude oil down.

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For whatever reason, this talk isn’t embeddable right now, but the talk was good (you can see it here.

The director of the White House's Office of Management and Budget says the skyrocketing deficit can actually be helpful during an economic crisis.

But, Peter Orszag says, it can put a drag on early stages of recovery. He says reducing that debt while not cutting back too soon on stimulus programs is a tricky situation.

While the economic crisis and continuing problem in the national real estate market dominate the news, Austin's own urbanspace realtors today announced that the firm has added 12 new realtors and plans to move into a new downtown headquarters.

For followers of the downtown market, their strength and growth is a powerful sign of the continued interest in downtown Austin living.

Here are some details from the announcement:

According to the developers, plans for Block 21 -- the large second street development featuring the W Hotel & Residences -- have been revised to include 35,000 feet of office space.

Assuming that the size of the project remains the same, office space will account for about 3.5% of the planned one million square foot multi-use project.

This is the first new office space to be added downtown in a few years

The project update also included the following new facts:

- The W Hotel & Condo plans remain unchanged.

Event: The Liberal Arts Council at The University of Texas at Austin presents "Where We've Been, Where We Are, Where We're Going," a panel discussion on the economic crisis, its political implications and how one can navigate through the crisis via critical thinking skills and an open mind.

When: Nov. 3, 7 p.m. Where: The University of [...]