Truthout
Economy
Biden Administration Is Playing With Fire by Failing to Regulate Cryptocurrency
Growing evidence shows cryptocurrency invites scams that threaten the broader economy, say public interest groups.
We Could Vaccinate the World 3 Times Over If the Rich Paid the Taxes They Owe
The total $483 billion in tax revenue lost each year is only “the tip of the iceberg,” says one data scientist.
Biden to Address Supply Chain Slowdowns Through Funding From Infrastructure Bill
As his approval rating on the economy drops, President Joe Biden plans to visit the Port of Baltimore on Wednesday.
The COVID Supply Chain Breakdown Can Be Traced to Capitalist Globalization
Given the underlying structural crisis of global capitalism, worldwide economic turbulence is here to stay.
Public Banking Has the Potential to Truly Revolutionize Our Economy
The public banking movement is creating an opening wedge for the transfer of finance from private to public control.
With Only 23 Percent of Rental Aid Distributed, Warren and Bush Demand Answers
Less than a quarter of the $46.5 billion has been distributed since Congress authorized the funds last December.
Elon Musk Opposes Billionaire Tax While Making a Record $36 Billion in One Day
Musk’s net worth of over $288 billion is over 1 percent of the U.S. GDP of $22.7 trillion.
Warren Introduces Bill to Levy 15 Percent Minimum Tax on Corporate Profits
The tax would be levied on profits that corporations report to shareholders with the aim of capturing a truer tax rate.
Puerto Ricans Fight Privatization of Energy and Demand Democratic Ownership
The global fight against the privatization of utilities has a new front — Puerto Rico, where protests are raging.
US Billionaires Became $2.1 Trillion Richer in 19 Months of Pandemic
Over 700 billionaires now hold $5 trillion in collective wealth.