Truthout
Economy
From Weapons to Fossil Fuels — 10 Firms Control $50 Trillion of Global Wealth
A new book, “Titans of Capital,” shows how the 0.05 percent concentrate wealth by investing in industries of mass death.
Kenya Protests Against IMF-Backed Reforms Reflect Severity of Global Debt Crisis
Sustainably addressing the present crisis will require a fundamental reform of the global financial architecture.
Interest Rate Cuts Now Could Help Workers. But That’s Not Who the Fed Serves.
Progressive economist Gerald Epstein says the Fed is more sensitive to the needs of the wealthy few than the rest of us.
World Could Raise $2.1 Trillion Annually by Adopting Spain’s Wealth Tax
A tax on the top 0.5 percent of households could raise enough to finance climate action as well as other pressing needs.
Harris’s 4-Year Housing Plan Will Target Predatory Wall Street Landlords
In recent months, progressives and tenant organizers have worked to make housing central to the 2024 campaign.
Red States Get 85% of the Benefit of Climate Law. Some Still Hate It.
The vast majority of jobs and projects funded by the Inflation Reduction Act go to conservative states that back Trump.
Bangladesh Cracks Down on Student-Led Protests Over Jobs, Inequality, Corruption
At least 174 people have been killed after police and soldiers were granted “shoot-on-sight” orders.
Largest Study on Guaranteed Basic Income Proves Transformative for Participants
Participants received $1,000 a month. They took better jobs, went back to school and started opening businesses.
Global IT Outage Grounds Flights, Disrupts Health Care and Banking
Reports of disruptions came in from around the world, including from the US, UK, India, Germany and the Netherlands.
Biden Proposed a Rent Cap for Corporate Landlords. What’s Next?
Biden’s rent control plan must pass through Congress to become reality. Tenants say the president could still act now.