Truthout
Economy
Credit Suisse Helped Ultra Rich Americans Hide Over $700 Million From IRS
Sen. Ron Wyden said GOP budget cuts decimated the IRS's ability to “root out this kind of offshore tax evasion scheme.”
Undocumented Workers and Freelancers Demand Unemployment Safety Net in New York
Hundreds of thousands of workers are currently excluded from receiving unemployment insurance in New York State.
The 10 Largest Deposit Accounts at SVB Held $13 Billion, FDIC Chair Says
One researcher called the SVB bailout “a good illustration of the enormous class bias in American policymaking.”
Report: Trump, Bush Tax Cuts Have Largely Driven National Debt Issues Since 2001
“The United States does not have a high-spending problem; it has a low-tax problem,” the report concludes.
Men Dominate the Corporate World, But Replacing Them With Women Isn’t the Answer
Women CEOs are becoming slightly less rare, but more women billionaires won't lead to greater equity for all.
Corporate Real Estate Investors Are Accelerating the Affordable Housing Crisis
Four out of five homes are unaffordable to median income earners, thanks in large part to unlisted corporate purchases.
Sanders Introduces Bill to Stop Bank CEOs From Serving as Fed Bank Regulators
The CEO of Silicon Valley Bank was a member of the San Francisco Fed board up until the day his bank collapsed.
Senate Banking Committee Member Dismisses Calls for Regulations, Bankers Applaud
The American Bankers Association welcomed the Republican's defense of a 2018 law that weakened regulations.
Three Banks Have Now Collapsed. A Progressive Economist Explains Why.
There is a banking crisis underway and the problems are spreading, says Gerald Epstein.
Warren, Sanders Call for End to Rules Letting Billionaire Dynasties Dodge Taxes
The lawmakers are calling for scrutiny of some of the most popular forms of tax evasion by the richest Americans.