Economy

Generous Unemployment Benefits Are Not the Problem—Poverty Wages are

Business interests maintain their goal is merely to fill the slots with qualified candidates, but in fact they aim to fashion a cadre of workers who will accept, even actively seek, any job, no matter how demeaning or dangerous.

John Buell · Jun 16, 2021

Members of the Walton family (L-R) Rob, Alice, and Jim speak during the annual Walmart shareholders meeting event on June 1, 2018 in Fayetteville, Arkansas. (Photo: Rick T. Wilking via Getty Images)

Wealth Hoarding by 'Silver Spoon Oligarchs' Is Endangering US Democracy: Report

Kenny Stancil, staff writer · Jun 16, 2021

G7 Promotes Tax Deal for the 1%—Not the 99%

José Antonio Ocampo · Jun 12, 2021

Are Crazed Commies Running American Corporations?

Carl Rhodes · Jun 10, 2021

Biden Must Lift Trump's Harsh Restrictions on Cuba Now

Medea Benjamin · Jun 10, 2021

Is the White Working-Class Turning to the Right?

The hunt for reliable data and the entanglement of race-class demographics in the era of Trump.

Les Leopold · Jun 8, 2021

Those Peddling Inflation Fears Should Not Be Heeded

Far from signaling the return of significant inflation, temporary price increases are exactly what one would expect in a recovery following an economic shutdown.

Joseph Stiglitz · Jun 8, 2021

'Biggest Tax Story of the Year, If Not the Decade': Analysis Shows Just How Little Richest .001% Pay in Taxes

"The personal federal tax bill for the top 25 in 2018: $1.9 billion. The bill for the wage earners: $143 billion."

Jake Johnson, staff writer · Jun 8, 2021

People are stranded by floodwaters in Jakarta's central business district on January 17, 2013 in Jakarta, Indonesia.

Economic Devastation From Climate Crisis Like Two Covid-19 Pandemics Per Year by 2050: Analysis

But Oxfam International says 2021 "could be a turning point if governments grasp the challenge to create a safer more liveable planet for all."

Jon Queally, staff writer · Jun 7, 2021

Your Friendly Banker

In the first quarter of 2021, all previous profit records for banks were shattered. They made $76.8 billion in that quarter.

Christopher Brauchli · Jun 5, 2021

Treasury Secretary Janet Yellen speaks during a press conference

G7 Countries Reach Deal on 15% Global Minimum Tax Rate for Multinational Corporations

One critic of the agreement said that "by settling for anything less than a 25% tax rate, the G7 is telling their citizens and the world that they're willing to keep the race to the bottom alive and kicking."

Jake Johnson, staff writer · Jun 5, 2021

White House National Economic Council Director speaks during a press briefing

Biden Faces Backlash Over 'Shameful' Capitulation to GOP Governors as They End Unemployment Lifelines

"You only take back the lifeline when people aren't drowning," said Claire Guzdar of the Groundwork Collaborative.

Jake Johnson, staff writer · Jun 5, 2021

GOP Governors' Termination of Jobless Aid Could Cost Local Economies Over $12 Billion: Report

"If states proceed with their plans to end these critical programs, they will be ripping the rug out from under millions of Americans and further hindering our economic recovery."

Jake Johnson, staff writer · Jun 3, 2021