Truthout
Economy
Economic Update: Capitalism Makes Few Winners, Many Losers
This week's episode provides updates on Armenia's political uprising, banks' big profits, Harley-Davidson's layoffs and unjust criminal penalties.
Tax Experts Plan to Drive Wealthy Clients Through Gaping Hole in Tax Code
Tax planning experts working for wealthy clients are already developing strategies to take advantage of the 2017 tax law's new 20 percent deduction for certain pass-through income.
Unemployment Falls to 3.8 Percent in May, Wage Growth Remains Modest
The unemployment rate is at its lowest level in more than 48 years.
The Fed Wants to Weaken Volcker Rule Designed to Prevent Another Financial Crisis
Destroying the Volcker Rule has been a long-coming dream of bankers.
Blackstone, BlackRock or a Public Bank? Putting California’s Funds to Work
There is another alternative.
The Patented Solution for Paying Off the National Debt
The deficit hawks never discuss the damage that austerity has done to the economy.
Envisioning a Leap Forward: How We Can Replace Neoliberalism With a Caring Economy
Trump personifies neoliberal capitalism.
Big Pay Gaps Are Bad for Business
Companies with large pay disparities have lower profits per employee.
The Surprising List of Democrats Who Just — Gratuitously — Bowed to Big Finance
The bill represents a pendulum shift away from safety and toward another financial crisis.
Corporate Lawyers Hijack UN Meeting, While Civil Society Is Sidelined
Some public interest organizations were kept away.