Truthout
Economy & Labor
Cryptocurrency May Wreak Havoc on Economy — Especially on People With No Assets
A sudden uptick in hedge fund failures and corporate bankruptcies could lead to mass layoffs and a recession.
One Company Received the Maximum Possible PPP Loan, Then Moved Jobs to Mexico
Many businesses exploited loopholes and rule changes to lay off employees despite receiving funds to keep them employed.
Oil and Gas Companies Depend on Tax Subsidies and Job Creation Myths to Survive
The downfall of a perverse subsidy program in Texas has shined a light on the “tax break industrial complex.”
Most Student Debtors Can’t Make Their Payments. It’s Time for Debt Cancelation.
A new study shows that contrary to myth, the greatest benefit of debt cancelation goes to those with the least wealth.
Degrowth Policies Cannot Avert Climate Crisis. We Need a Green New Deal.
A Green New Deal is the only way climate stabilization can become fully consistent with raising global living standards.
Job Gains Driven by Growth in Sectors Hit Hard by Pandemic
Education, restaurants and hotels helped drive another solid jobs report, despite a small rise in unemployment.
Wages Are Rising Unequally — With Black Men and Latinas Seeing the Fewest Gains
Disparities in wage raises are the latest example of the pandemic's unequal impacts.
Warren Urges Investigation Into Potential Antitrust Practices by Google
In another move against big tech, the senator raised alarm over Google’s possible anti-competitive advertising moves.
What Angers Mitch McConnell More Than Our Unfair Tax Code? Those Who Exposed It.
If we want modern public infrastructure and economic security, increasing taxes on the ultra-rich is the way to go.
Biden Extends Eviction Moratorium for One Last Month as Crisis Looms
Advocates fear extending the moratorium for only one more month may just delay and not prevent an eviction crisis.