Truthout
Economy
$1.9 Trillion COVID Relief Plan Opens New Horizons in Fight Against Austerity
Missed opportunities aside, Biden’s relief plan is a win against austerity that will cut child poverty by 40 percent.
Unemployment Drops to 6.2 Percent — But Long-Term Unemployment Continues Soaring
Older workers have been hit hardest by ongoing joblessness.
To Renew Our Democracy, We Need to Tax the Ultrarich
After the tech sector, Wall Street is the second highest source of wealth for American billionaires.
As US Mourns 500,000 Lives, Billionaires Gained $1.3 Trillion During Pandemic
The U.S.'s 664 billionaires now have a combined net worth of $4.2 trillion.
Over 33 Percent of Low-Paid Workers Lost Jobs During Pandemic
Perhaps this pandemic’s devastation will promote a debate on the failures of our ragged social safety net.
New Study Says Appalachian Fracking Boom Has Done Little for Local Economies
The analysis concluded that about 90 percent of the wealth created from shale gas extraction leaves local communities.
Trump Is the First President to Leave Office With a Loss of Jobs Since Hoover
The unemployment rate fell to 6.3 percent, but job growth is still weak.
Britain Prepares for Increased Isolation in Wake of Brexit Deal
The grim realities of the Brexit deal announced on Christmas Eve are beginning to sink in.
The Insufficient COVID Stimulus Must Not Be Followed by Austerity
Critics say the $900 billion relief package does not go far enough in providing direct aid to those in most need.
Companies Took $1.8 Billion to Save Jobs and Laid Off 90,000 Workers Anyway
Businesses that don’t rehire all their workers may have to pay back the loans plus 1 percent interest.