Truthout
Economy
Biden’s Actions Are a Start, But the US Is Still Sacrificing Poor People
It’s time for us to fight for a comprehensive, intersectional, bottom-up approach to confront economic injustice.
UK’s New Prime Minister Makes No Apologies for Favoring the Wealthy
Public statements made by Britain’s new PM, Liz Truss, suggest she will drag the country even further to the right.
Economy Adds 315,000 Jobs in August, But Unemployment Ticks Upward
There are concerns that the Federal Reserve Board will choose to raise rates more aggressively in response to job gains.
Mitch McConnell’s Condemnation of Debt Relief Is Dripping With Hypocrisy
Biden’s debt relief plan is not nearly enough, but it is a key step. Of course, Republicans are decrying it as “unfair.”
Universities Are Plundering Cities. How Can This Relationship Change?
Scholar Davarian L. Baldwin discusses how “UniverCities” occupy -- and reshape -- local spaces and local economies.
Britain’s Economic Unraveling May Be Boris Johnson’s Real Legacy
The combination of Brexit, the aftereffects of COVID-19 and the war in Ukraine has left the British economy weak.
Sanders Rebukes Senate for Crafting $50 Billion “Handout” to Microchip Industry
“I guess when you’re giving corporate welfare to big and powerful interests, the deficit no longer matters,” he said.
Hiking Interest Rates Protects Financial Assets of the 1% at Workers’ Expense
The Fed doesn't need to hurt workers to curb inflation -- there are alternatives, says economist Gerald Epstein.
Second-Richest Man Jeff Bezos Defends Oil Industry Price-Gouging
Prices at the pump have bolstered the call by progressives for a windfall profits tax, which Bezos would oppose.
Sanders Calls for Windfall Tax to Defend Economy Against Corporate Greed
The demand for the popular proposal comes as Biden's call for a federal gas tax holiday faces growing pushback.