Truthout
Economy
Warren Calls for Ban on Stock Buybacks by Subsidized Semiconductor Companies
Semiconductor companies spent a collective nearly $250 billion on stock buybacks between 2011 and 2020, she noted.
How the Wealthy Are Saving Billions in Taxes by Skirting a Century-Old Law
Goldman Sachs helped billionaires dodge taxes by selling stocks and replacing them with nearly identical investments.
Over 30 Million in US Face “Hunger Cliff” as Food Benefit Cuts Loom
As COVID-era SNAP increases are rolled back, inflation and corporate profiteering will leave millions hungry next month.
We Already Know Who’s Winning Super Bowl LVII — the Billionaire Class
The players are preparing to face off, but billionaire NFL owners are all on the same team.
Our World Is Fragmented by Inequality. Why Is There Poverty Amid Plenty?
Scarcity is a political invention used to cover up vast reserves of capital that could be used to meet everyone’s needs.
Worker Ownership Builds Community Wealth and a More Just Society
Cooperative initiatives in cities across the world are strengthening worker pay, local economies and democracy.
As COVID-Era Funding Dries Up, Activists Fight Austerity in City Budget Battles
Democratic mayors in cities like New York and Philadelphia are pushing for cuts, but organizers are pushing back.
Berlin’s Pledge to Socialize a Quarter Million Apartments Faces Obstruction
Politicians and corporate landlords have tried to block the plan, but voters have a chance to push back in new election.
Massive Inequality Is a “Concerted Elite Class Project,” Says Heather Gautney
It’s no accident that inequalities have widened under entrenched corporate power, says sociologist Heather Gautney.
Unemployment Hits New Half-Century Low as Job and Hour Growth Soar in January
The prior two months’ data was also revised up, bringing the average gain over the last three months to 356,000 jobs.