Truthout
Economy & Labor
Decades of Neoliberalism Entrenched US Inequality. Trump’s Budget Made It Worse.
Factoring in tariffs, the lowest 20 percent of income earners may lose $300; the top 1 percent will be $58,000 richer.
Lula Responds Defiantly to Trump’s Tariff Threat Against Brazil
The Brazilian president promised to respond in kind if Trump moves forward with a threatened 50 percent tariff.
Philadelphia Union Ends Largest Municipal Workers’ Strike in Decades
“I really think that the union won the public relations battle over the past week,” says labor historian Francis Ryan.
Trump’s FTC Let Lobbyists Kill Popular Click-To-Cancel Rule, Advocates Say
A federal appeals court blocked the rule, which would have required companies to make it easier to end subscriptions.
US’s Largest Labor Union Votes to Cut All Ties to the Anti-Defamation League
The ADL leveraged spurious antisemitism claims to demand that schools bring it in to set policy and provide programming.
New Report Documents Racist Rot at the Core of the Petrochemical Industry
Economist Michael Ash shares new data on racial disparities in the industry — a major purveyor of environmental racism.
Taft-Hartley Act Still Undercutting Labor 78 Years Later
Taft-Hartley marked the beginning of a long-term strategy to isolate, weaken, and demobilize organized labor in the US.
Why Is BlackRock Gunning to Take Over a Minnesota Electric Utility?
Opponents say the deal would leave ratepayers and regulators at the mercy of far-off financial profiteers.
Senate GOP Moves to Slash Consumer Financial Protection Bureau’s Budget by Half
The new attack on the CFPB comes after an earlier proposal to eliminate its entire budget violated reconciliation rules.
Billionaires’ Wealth Has Skyrocketed by Over $6 Trillion Over the Past Decade
A new Oxfam report found the wealth of the global 1 percent has increased by $33.9 trillion since 2015.