Truthout
Economy
Fossil Fuel CEOs Have Seen Their Stocks Soar Nearly $100 Million Since January
Wall Street investors have been pressuring companies to keep shares high as consumers pay over $4 a gallon to fill up.
If Minimum Wage Kept Up With Wall Street Bonuses, It Would Be $61.75 an Hour
Wall Street bonuses have surged over 1,700 percent of what they were in 1985.
Bernie Sanders Calls for the Cancellation of All Medical Debt
“‘Medical debt’ and ‘Medical bankruptcy’ are two phrases that should not exist,” Sanders said.
80 Percent of Voters Support Taxing Big Oil’s Windfall Profits, Poll Finds
Most voters pin the blame for high gas prices directly on oil and gas companies.
We Need an Economy Without Bosses and Managers. Participatory Economics Is How.
Author Michael Albert describes what a post-capitalist economy where workers run productive facilities could look like.
Biden Calls Out Oil and Gas Companies as Oil Prices Drop But Gas Remains High
“Oil and gas companies shouldn’t pad their profits at the expense of hardworking Americans,” Biden said.
Billionaires Have Gotten $1.7 Trillion Richer Over the Pandemic, Report Finds
Analysis from Americans for Tax Fairness shows billionaires are 57 percent richer now than they were in March 2020.
House Lawmakers Say Amazon May Have Illegally Impeded Antitrust Investigation
Company executives lied in their testimonies on internal policies, the lawmakers said.
Warren Says Democrats Are Working on a Bill to Tax Big Oil’s Windfall Profits
The bill could discourage oil companies from jacking up gas prices to pad their profits.
Ocasio-Cortez Digs Into Private Equity for Buying Houses and Jacking Up Rents
Regular homebuyers are “competing against the largest private equity firm in the world to purchase a home,” she said.