Truthout
Economy
Trump and Musk’s Agenda Is a True Threat to Aviation Safety, Progressives Warn
In the wake of a deadly air disaster, Trump and Musk aim to gut the federal workforce and eliminate regulatory efforts.
Tesla Paid Zero Federal Income Tax in 2024, Despite $2.3 Billion in Income
This brings Tesla’s average tax rate over the past three years to 0.4 percent.
House GOP Floats Plan to Cut Taxes for Corporations and the Ultrawealthy
Republicans propose slashing benefits for the poor and working class to pay for new tax cuts.
Chinese Startup DeepSeek Bests Silicon Valley’s ChatGPT in Major AI Upset
DeepSeek’s free, open-source AI model is upending financial predictions and causing major turmoil in the stock market.
Trump’s Federal Funding Freeze Sparks Alarm and Confusion
Among other things, the move threatens programs and aid that millions in the US rely on.
Group Pushing Crypto Plan Is Tied to Project 2025, Fossil Fuel Operatives
The group’s plan to stockpile cryptocurrency would accelerate climate destruction — and taxpayers would foot the bill.
World’s Billionaires Saw Fortunes Rise by $2 Trillion in 2024
Oxfam’s new report estimates that 54 percent of billionaire wealth is either inherited or stems from monopoly power.
There’s Much to Say About Economics of War, But Most Economists Won’t Address It
Traditional economics virtually ignores war, even though economic triggers directly contribute to conflicts.
Why Does the Connecticut DMV Allow Tow Companies to Sell People’s Cars?
The sales, permitted after just 15 days, have often disrupted low-income residents' lives and cost them their jobs.
DOJ Sues 6 of the US’s Largest Landlords Over Alleged Price-Fixing Scheme
The lawsuit expands a 2024 antitrust complaint accusing a property management software maker of illegal price-fixing.