Truthout
Economy
Predatory Banks at Walmarts Made Over 100 Percent of Profits From Overdraft Fees
Banks that earn most of their income from overdraft fees resemble payday lenders more than traditional banks.
COVID Relief Packages Dramatically Reduced Poverty. They Should Be Permanent.
Poverty could all too easily boomerang back up to pre-pandemic levels within months if we don't keep recent measures.
Ilhan Omar Says Rent Should Be Canceled Until End of Pandemic
The newest eviction moratorium will merely delay a housing crisis unless Congress takes additional action, warns Omar.
Pelosi Is Wrong — Biden Has the Power to Cancel Student Debt, and He Should
Debt cancellation would be one of the largest bottom-up economic stimulants in U.S. history.
Omar Unveils Guaranteed Income Bill to Send American Adults $1,200 a Month
The bill would send adults earning up to $75,000 a year $1,200 a month, which could help reduce poverty.
Just Two Days Before It Expires, Biden Announces Eviction Moratorium Will End
The eviction moratorium is set to end on July 31, which housing experts say will cause a wave of evictions.
Report: Real Estate Groups Paid GOP Lawmakers Huge Sums to Reinstate Evictions
Senators Mike Crapo and Pat Toomey have received hundreds of thousands from real estate lobbyists, a new report shows.
Biden Echoes Progressives, Saying Low Wages Are Driving Worker Shortage
Progressives have been saying it’s low wages, not worker shortages, that are causing job openings to go unfilled.
Republicans Are Using Antitrust Reform as a Trojan Horse to Attack Democracy
The GOP is co-opting antitrust language to build up its base and punish “woke corporations” for anti-racist stances.
Oxfam Slams Bezos Space Trip as Billions Suffer on Earth
“We've now reached stratospheric inequality,” Oxfam's Deepak Xavier said in a statement Monday.