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Economy

 

US Jobless Claims Jump as Fed Shoves Economy to 'Precipice of Global Recession'

One expert called on Powell "to think twice before plunging our economy into a wholly avoidable recession and completely undoing one of the strongest job recoveries on record."

Jake Johnson ·


IMF Urged to Unlock $650 Billion for Poor Nations Facing Crises 'Unprecedented in Human History'

"The great majority of the world's countries are struggling amid multiple historic, overlapping, and generally worsening crises," the letter reads. "The world's wealthiest countries must act quickly to assist them."

Jake Johnson ·


Spain Approves 'Solidarity' Tax to Make Nation's Top 0.1% Pay a Fairer Share

The country's finance minister said that looming changes are bound to make the tax code "more progressive, efficient, fair, and also enough to guarantee social justice and economic efficiency."

Kenny Stancil ·


'When We Fight, We Win!' San Francisco Airport Workers End Strike After Pay Victory

"This strike was so worth it to give my family a better life," said one union member.

Jake Johnson ·


Privatization Threat Remains, Advocates Warn, After Mississippi Lifts Jackson Boil-Water Notice

"The city remains under threat of a state-imposed privatization," said one campaigner.

Kenny Stancil ·


'Chickensh*t': Watchdogs Criticize Biden DOJ's New Corporate Crime Plan

The Justice Department's new approach to tackling corporate crime is "a modest step forward when a great leap is required," said the president of Public Citizen.

Jake Johnson ·


98 Million in US Skipped Treatment or Cut Back on Essentials to Pay for Healthcare This Year

"People have been making trade-offs to pay for healthcare for years. Inflation has only made things worse as people are also now struggling with the high price of gas, food, and electricity," said the president of West Health, which conducted the new poll with Gallup.

Jessica Corbett ·


Fears of More Recessionary Fed Rate Hikes as Jobs Numbers Smash Expectations

"A recession caused by the Fed raising rates too aggressively would undo a great deal of the enormous gains that have occurred in the current recovery," warned one economist.

Jake Johnson ·


Opposing 'Tyranny' and 'Scoundrels,' Sri Lankan Protesters Overrun Presidential Palace

"Now the president must resign," said one protester in Colombo. "If he wants peace to prevail, he must step down."

Common Dreams staff ·


Biden Urged to Embrace Windfall Tax as Exxon Says Profits Doubled in Second Quarter

"It's time for the president to demand that Congress pass a windfall profits tax on Big Oil and use the revenue to provide rebates to consumers NOW!" wrote Sen. Bernie Sanders.

Jake Johnson ·

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