Truthout
Economy

“The Rent Is Too High”: Warren, Bowman Ask Biden to Fight Crushing Housing Costs
The lawmakers warn that homelessness will continue to worsen as long as housing prices rise unmitigated.

Sanders, Warren, and Others Raise Alarm Over Rise of Medical Credit Cards
More than 100 million people are saddled with medical debt in the U.S., collectively owing upwards of $200 billion.

We Can’t Combat Inequality Without First Valuing Care Work
A feminist political economy addresses gender inequalities, but also seeks to rectify inequalities in labor division.

Sanders Urges Transportation Secretary to Hold Southwest CEO Accountable
Secretary Pete Buttigieg has faced criticism for refusing to take on the increasingly consolidated airline industry.

Warren Says Southwest Airline Failures Show Need for Stronger Antitrust Law
Airline mergers have been a “disaster” for customers, Warren said.

Tax Policy Is Helping Wall Street Gobble Up Single-Family Homes
Wall Street investors have concentrated their purchases of entry-level and single-family homes in communities of color.

US Multimillionaires’ Wages Rose in 2021, While Bottom 90 Percent Got Pay Cut
The bottom 90 percent got a wage cut in 2021, but the top 0.1 percent got a wage raise of 18.5 percent.

Warren: Musk Is Using Tesla to Prop Up Twitter’s Debts and Failures
Musk has racked up potential labor concerns and conflicts of interest in his Twitter dealings, Warren wrote.

Musk Pledged $6B to Solve World Hunger But Gave It to His Own Foundation Instead
Instead of giving the money to charity, Musk likely “donated” the money for tax-dodging purposes.

Large Utilities Have Made $14B in Profits as Millions Fall Behind on Payments
Roughly 1 in 6 households are currently behind on energy bills.