Truthout
Economy & Labor
“A Huge Loss for Workers”: CA Court Rules that Gig Workers Are Contractors
The SEIU says that gig companies spent more than $200 million on a law stripping workers of rights to boost profits.
Reform Candidate Wins United Auto Workers Presidency in Stunning Upset
Shawn Fain won after campaigning on a militant approach to organizing, internal democracy and solidarity against tiers.
Nearly 8 in 10 Voters Support Sanders Bill to Raise Minimum Teacher Pay to $60k
New polling finds that majorities of voters across the political spectrum support the idea.
Kentucky Workers Fight for a Union at Amazon’s Biggest Air Hub
It’s now firing season at Amazon, and no worker is safe without a union.
Warren Introduces Bill to Repeal 2018 Dodd-Frank Rollback in Wake of Bank Crisis
The bill would once again ensure that mid-sized banks like Silicon Valley Bank face stricter oversight.
Silicon Valley Bank Collapse Offers a Primer on How Elite Power Preserves Wealth
The second-largest bank failure in history was like a pipeline rupture interrupting the flow of capital.
Lobbyists “Bought Sinema’s Vote” That Resulted in Bank Collapse, Gallego Says
Three SVB lobbyists maxed out donations to Sinema ahead of 2018 Dodd-Frank rollback which led to the collapse, he said.
Manchin Now Says Bank Deregulation Isn’t Great Despite “Yes” Vote on 2018 Repeal
In the wake of the Silicon Valley Bank failure, bank deregulation doesn’t look so good to Manchin.
Warren: Jerome Powell Should Recuse Himself From Bank Probe for Role in Failure
The Silicon Valley Bank failure was caused in part by deregulation pushed by Powell, Warren says.
Banks Lobbied to Weaken Regulations That Could Have Prevented Their Collapse
Executives from the failed Silicon Valley Bank and Signature Bank were among those who lobbied to weaken the rules.