Truthout
Economy
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Not So Different Future
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Exxon Mobil’s Tax Rate Drops to 13 Percent, After Making 35 Percent More Profits on Rising Gas Prices in 2011
Exxon Mobil, the most profitable of the big five oil companies, made $41.1 billion in profits last year. Although Exxon made 35 percent more profits since 2010, its estimated …
Banking “Technocrats” Undermine Democracy
Paul Jay, Senior Editor, TRNN: Welcome to The Real News Network. I'm Paul Jay in Washington. In September 2011, at a time when the sovereign debt raiders, as some …
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Congress Takes a Step or Two Forward, Two Steps Back
Watching some of the news coming from Capitol Hill this week, two old music videos started buzzing around in our heads. One was the classic “I'm Just a Bill,” …
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The 1 Percent’s Doctrine for the 99 Percent
A little over a year ago, while researching the Confederacy's economy, I stumbled across this unnerving graph charting the value of America's “stock of slaves” in the last decades …
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Why Do New York Times Columnists Keep Swooning for Paul Ryan?
After David Brooks last year, now it’s James Stewart who has fallen for Paul Ryan’s rugged good looks. He attempts to defend Ryan’s tax proposals against charges that they favor the rich: "To …
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Burning Ice: The Next Energy Boom?
Set a lighter to an icy block of methane hydrate, a naturally frozen combo of methane gas and water, and flames spew forth at random. However unlikely this fluke …
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Down and Out on Wall Street
(Photo: Victor1558) Have you heard about the earthquake that has shaken Wall Street to its very core? Well, brace yourself, for this really is a shocker: bonus payments are …
Occupy Should Force Obama’s Hand on Jobs
A lot of us Occupiers everywhere smiled or cheered at the successful impact the movement's overarching goal - more economic, social and political equality between the 1 percent and …
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West Coast “Green” Jobs Data Shows Promise
A group of West Coast leaders has made its first attempt to quantify how many jobs have been spurred by the clean economy, a sector that includes engineers who …