Capitalism

New Report Shows How Banks and Financial Firms 'Gambling Away Our Future' by Bankrolling Oil and Gas Projects

There is growing pressure on banks and financial institutions to stop financing fossil fuel projects. (Photo: Erik McGregor/LightRocket via Getty Images)

New Data Show Income of Top 0.1% Soared 345% While That of Bottom 90% Stagnated Over Past 40 Years

Brett Wilkins, staff writer

"It's all a matter of political choices," progressive economist Thomas Piketty said in a recent interview. "You can have economic justice together with economic prosperity."

In 'Road Map for a More Sustainable Future,' NY Regulator Tells Banks to Consider Climate Risks in Planning

Brett Wilkins, staff writer

New York State banking regulators have told banks they must factor climate-related risks in their business plans. (Photo: Ramy Majouji/WikiMedia Commons)

"Climate change is happening now, and we have to take steps to manage the...

Trump's Millionaire Economic Adviser Celebrates 'Gales of Creative Destruction' as Millions Lose Their Jobs and Go Hungry

Jake Johnson, staff writer

"Wonder how the 14% of households with kids who reported that they didn't get...

'$2.5 Trillion Theft': Study Shows Richest 1% of Americans Have Taken $50 Trillion From Bottom 90% in Recent Decades

'Privatize the Profit, Socialize the Mess': Abandoned Fracking Wells Left Spewing Climate-Killing Methane Nationwide

Cornel West Says 'Neo-Fascist Gangster' Trump and Neoliberal Democrats Expose America as 'Failed Social Experiment'

As Warnings Mount of So-Called 'Second Wave' of Covid-19, Trump Says He Won't 'Close the Country' Again

Texas Forges Ahead With Reopening Day After State Sees Highest Covid-19 Deaths Yet

"Only in Trump's America": Despite Covid-19, Employees in Texas and Iowa Told to Get Back to Work or Lose Unemployment Benefits

'No Warming, No War': Report Details How US Militarism and Climate Crisis Are Deeply Interwoven

In 'Callous, Shortsighted' Comments, McConnell Suggests Forcing States Into Bankruptcy Better Option Than More Federal Aid

'Unforgettable' Footage of Endless Line of Cars at Food Banks a Stark Illustration of Coronavirus Crisis in US

'Moronic But Consistent': Outrage Over Trump Admin Giving PPE to Private Companies, Not States

'Pitchforks and Flaming Torches, Anyone?': Owner of Shuttered Philadelphia Hospital Stands to See Windfall in Tax Breaks From Stimulus Package

Trump: Taxpayer Bailout for My Hotels Is Capitalism, But Ordering Industries to Produce Medical Supplies Is Un-American Socialism

Further

Where $300 Million Of Our Money Went Wednesday - Hint: Not Education - Which Was Still Way Cheaper Than Tuesday

In the name of a sometimes questionable transparency - if you don't like something but can't do much about it, does it help to know about it? - the Defense Department publishes daily reports on the contracts they've awarded. On Jan. 14, it authorized spending over $800 million on military equipment and services. That was down to just under $300 million the next day, when the House passed a massive budget bill that includes $572 billion for defense - down from what was requested, but still...