Truthout
Economy
New SNAP Policy Will Force People Over 50 to Work to Retain Food Benefits
About 750,000 people are forced to work or lose food stamp benefits because of the new bipartisan compromise over SNAP.
New FTC Guidelines Take Aim at “Illegal Mergers” Enabled by Reagan-Era Policy
The draft guidelines come as the Federal Trade Commission is challenging corporate consolidation in pharma and tech.
Guaranteed Income Programs Are Uplifting Oppressed Communities Across the US
Many of these initiatives are aimed at helping Black mothers, trans residents and formerly incarcerated people.
Is the US Dollar on the Verge of Being Dethroned as the World’s Currency?
Gerald Epstein looks at how the loss of the dollar’s reserve currency status could impact the U.S. and world economy.
Medicaid Purge Has Affected at Least 2.1 Million People — Including Children
Most of the disenrollments have been for procedural reasons, not because people were deemed ineligible for the benefits.
OECD Secretly Lobbied Against Law Requiring Corporations to Disclose Tax Records
The club of wealthy nations strong-armed Australia's government into gutting a bill targeting corporate tax evasion.
US Treasury Secretary Visits China Amid Rising Economic Tensions
The visit has highlighted the potential for collaboration if the U.S. stops its aggressive anti-China economic measures.
World’s Richest Added Average of $14M Per Day to Their Wealth Over Past 6 Months
The 500 richest people on the planet collectively added $852 billion to their fortunes in the first half of 2023.
Asset Management Firms Are Gaining Power Over Housing, Hospitals, Water and More
Brett Christophers explains how asset managers like BlackRock and Blackstone have come to “own the world.”
Pension Funds Pay Huge Price for Fossil Fuel Investments, Study Shows
Public pensions would have 16.6 percent lower emissions and be worth $21 billion more if they had divested a decade ago.