Truthout
Economy
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.
Just 29 Percent of Student Debtors Are Confident in Ability to Restart Payments
Seven in ten student debtors say they either won’t be able to make payments or will have to cut back spending.
Hondurans Fight Private Cities Run by US Companies Amid Legal Battle
Such “extreme investor rights” under an international trade agreement directly oppose Honduran sovereignty, says critic.
Progressives Prepare to Mobilize If Supreme Court Blocks Student Debt Relief
Organizers are urging the White House to use executive powers to enact broad-based student debt cancellation.
GOP Is Trying to Slash Food Aid to Kids Who Are Already Struggling to Access It
A recent study suggests that more than 53 percent of young kids who are eligible for food aid haven’t been getting it.
Top 1 Percent Would Get $28B in Tax Cuts Under New Republican Plan
The average member of the 1 percent would save $16,550 under the plan. A person in the bottom 20 percent would save $40.
For GOP, Debt Ceiling Deal Was Never About Debt — It Was About Conserving Power
Conservatives weaponized the debt deal to consolidate power. Let’s use the budget to create new power structures.
Biden Vetoes GOP Bill to Nix Student Debt Relief
Debt advocates say the bill would have forced borrowers to pay retroactive payments on their student debt.