Truthout
Economy
COVID Has Led People to Save More. Now Economists Are Upset.
COVID has led more people who can save to do so, hurting the economy and exposing the absurdity of capitalism.
Trump’s Tax Returns Reflect Undue Privileges Given to Real Estate in Tax Code
The ongoing defunding of federal tax enforcement will further enable the shenanigans of wealthy folks like Donald Trump.
One-Third of Americans Can’t Pay Their Bills as Stimulus Talks Stall
An estimated 9 million eligible people have not received their first stimulus check.
Rev. William Barber: Republicans Can’t Win Without Voter Suppression
Barber says that voter suppression efforts ahead of the election amount to “surgical racism with surgical precision.”
Trump Is Trying to Scare You With the “Socialism” Boogeyman
From public schools to subsidized farms and the internet, socialism has long existed in some form in the U.S.
Trump Halts Work on New Stimulus Bill, Says It Will Resume After He’s Reelected
Without a new stimulus, there may be “unnecessary hardship for households and businesses,” Fed Chair Jerome Powell said.
Debt Collectors Are Thriving This Year — and Now They’re Filing Even More Suits
After a pause for the pandemic, debt buyers are back in the courts, suing debtors by the thousands.
Investors Extracted Millions From Hospital Chain Struggling to Serve Patients
Private equity firms have extracted huge profits by targeting hospital chains that struggle to pay their bills.
Economy Adds an Abysmal 661,000 Jobs as Further Layoffs Loom
The large jump in long-term unemployment and people leaving the labor force are ominous signs for the future.
Reclaiming Life and Housing in an Era of Collapse
“We have a moral responsibility to make sure these people don't die," says activist Cheri Honkala.