Truthout
Economy
Fed’s Latest Interest Rate Hike Will Harm Most Vulnerable, Critics Say
With each rate hike — and other central banks following suit — warnings of a global recession have mounted.
Renowned Economists Urge “Emergency” Corporate Taxes to Avert Global Recession
A new report says it's crucial to tax “the multinationals and the super-rich,” who have benefited from recent crises.
The Poor Are Being Doubly Hit by Inflation and Policies to Combat Inflation
Global food insecurity has doubled since early 2020 amid high inflation, and the Fed is driving up housing costs.
Starbucks Reportedly Plans to Deny Union Workers New Paid Leave Benefits
An internal memo states specifically that the company will attempt to exclude unionized workers from an improved policy.
Biden’s Actions Are a Start, But the US Is Still Sacrificing Poor People
It’s time for us to fight for a comprehensive, intersectional, bottom-up approach to confront economic injustice.
2021 Had Lowest-Ever Supplemental Poverty Rate, Thanks to Stimulus Provisions
The Census Bureau finds the child tax credit and stimulus payments were two of the top drivers of poverty reduction.
Wall Street Giants Set to Smash Profit Records Off Energy Crisis, Global Hunger
Wall Street banks have not just benefited from the commodity price increases — they’ve actively helped fuel them.
“Give Millions of People a Raise”: Progressives Ask Biden to Expand Overtime Law
Currently, only full time salaried workers making less than $35,568 are guaranteed overtime pay by law.
AOC Says Reversing Trump Tax Cuts Could Fund Cancelation of All Student Debt
The lawmaker reminded followers that it’s thanks to activists that the White House canceled student debt at all.
Throwing People Out of Work Is No Way to “Fix” the Economy
We can have a strong job market and lower inflation — and we don't need more painful interest rate hikes to do it.