Economy

Analysis: 26 US Billionaires Paid Average Tax Rate of Just 4.8% in Recent Years

"When you include their untaxed wealth growth in the calculation, many billionaires pay almost nothing," said Frank Clemente of Americans for Tax Fairness.

Jake Johnson · May 19, 2022

As Big Oil Makes Record Profits—US Congress Needs to Stop the Profiteering at the Pump

Lindsay Owens · May 18, 2022

House Progressives Urge Executive Action From Biden on Baby Formula 'Emergency'

Kenny Stancil · May 18, 2022

The Energy and Food Crisis Is Far Worse Than Most Americans Realize

Richard Heinberg · May 18, 2022

'A Shameful Distinction': US Ranked World's Biggest Perpetrator of Financial Secrecy

Jake Johnson · May 17, 2022

JPMorgan Chase CEO Jamie Dimon attends a hearing

Median Pay of Top CEOs Hits Record $14.7 Million as Workers Strike Over Starvation Wages

"While most of America struggles to put gas in the tank and pay the grocery bills, price-gouging, excessive-profit-taking CEOs used their captive boards to award themselves record pay," said one expert.

Jake Johnson · May 16, 2022

The Super Immunity of Our Fabulously Wealthy Corporate Dictators

The Robber Barons of old have nothing on this new class of digital oligarchs.

Ralph Nader · May 14, 2022

Striking McDonald's restaurant employees lock arms in an intersection before being arrested, after walking off the job to demand to demand a $15 per hour wage and union rights during nationwide 'Fight for $15 Day of Disruption' protests on November 29, 2016 in Los Angeles. (Photo: David McNew/Getty Images)

'Big News': Over 1 Million Signatures Gathered to Put $18 Min. Wage on California Ballot

"Raising the minimum wage in the Golden State is a moral imperative," says anti-poverty activist Joe Sanberg.

Andrea Germanos · May 12, 2022

Sen. Elizabeth Warren speaks at an event in Las Vegas

New Warren Bill Would Empower Feds to Crack Down on Corporate Price Gouging

"Corporations have price gouged consumers for extra profits—and gotten away with it—for too long," said Sen. Elizabeth Warren.

Jake Johnson · May 12, 2022

Starbucks workers in California celebrate after voting to unionize

'Let the Floodgates Open': Starbucks Union Scores First Wins in California

"This is a major victory," said Rep. Ro Khanna, a California Democrat. "It's time for Starbucks to pay fair wages and treat every worker with dignity and respect."

Jake Johnson · May 12, 2022

Experts Say Long War of Attrition in Ukraine Is a Dangerous Path

"By expanding support to Ukraine across the board and shelving any diplomatic effort to stop the fighting, the United States and its allies have greatly increased the danger of an even larger conflict."

Brett Wilkins · May 11, 2022

$1,896,944,109,232: Time to Hit Reset on Student Debt. All of It.

In the richest country in the history of the world, it is absurd, to say the least, that we have sentenced an entire generation to a lifetime of debt simply for doing what was expected of them — getting a college education.

Bernie Sanders · May 10, 2022

Baby formula shortage seen on empty shelves

Critics Say 'Iron-Grip on Market' by Monopolies Behind Baby Formula Shortage

"The shortage is a manifestation of the same problems we've seen with the supply chain, made worse by monopoly," said one observer.

Julia Conley · May 10, 2022

ISPs Under Fire for Sabotaging Biden FCC as White House Touts Broadband Program

"Instead of applauding corporations that continue to fail families," said one critic, "President Biden should be applying pressure to Senate leadership to confirm his Federal Communications Commission nominee Gigi Sohn."

Julia Conley · May 9, 2022