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Inflation

Tenants and activists take part in a rally at the Delta Pines apartment complex in Antioch, California, on June 22, 2022.
News
Economy & Labor

Tenants Call on Biden to Act as Rent Increases Reach a 35-Year High

Housing advocates demand that President Biden declare a national emergency.
by
Mike Ludwig,
Truthout
August 12, 2022
Truthout
Nearly 100 million Americans have made health or spending sacrifices to cover the rising cost of medical treatment.
News
Environment & Health

98 Million Skipped Treatment or Cut Back on Spending to Pay for Care This Year

Nearly 100 million Americans have made health or spending sacrifices to cover the rising cost of medical treatment.
by
Jessica Corbett,
Common Dreams
August 7, 2022
Truthout
Rep. Jamaal Bowman speaks at the National Action Network’s three-day annual national convention on April 7, 2022, in New York City.
News
Economy & Labor

Bowman Unveils Bill to Allow Biden to Identify Profiteering and Regulate Prices

The Emergency Price Stabilization Act would help protect the public from corporate profiteering, supporters say.
by
Sharon Zhang,
Truthout
August 5, 2022
Truthout
The price of gasoline approaches $8 a gallon at the Chevron gas station located at the intersection of Cesar. E. Chavez Ave. and Alameda Street in downtown Los Angeles on June 1, 2022.
News
Environment & Health

Exxon Laid Out Plans to Spend $30 Billion in Stock Buybacks as Gas Prices Soared

Oil companies raked in hundreds of billions of dollars in Q2 as gas prices reached an average of over $5 a gallon.
by
Sharon Zhang,
Truthout
August 3, 2022
Truthout
Interview
Economy & Labor

Fed Rate Hikes Are “Body Blow” to Workers Reeling From Pandemic

Experts forecast another economic recession in the United States with rising inflation and an unchanged minimum wage.
by
Amy Goodman &
Juan González,
Democracy Now!
July 27, 2022
Truthout
Active pumpjacks increase pressure to draw oil toward the surface at the South Belridge Oil Field on February 26, 2022, in unincorporated Kern County, California.
Op-Ed
Environment & Health

World Oil Production Is Rising, With No End in Sight

Global production is projected to rise to 126 million barrels a day by 2050. It’s time to end the tyranny of oil.
by
Michael T. Klare,
TomDispatch
July 26, 2022
Truthout
Health care workers celebrate as Los Angeles City Council gives a final approval to an ordinance raising the minimum wage for people working at some health care facilities in the city to $25 per hour on June 29, 2022, in Los Angeles, California.
News
Economy & Labor

Federal Minimum Wage Hasn’t Been Raised in 13 Years

Progressives are urging Democrats to raise the pay floor as inflation continues to diminish workers’ purchasing power.
by
Jake Johnson,
Common Dreams
July 24, 2022
Truthout
Intel's CEO Pat Gelsinger is pictured during the 'Chips for Health' event at the Grischa Hotel at the 2022 World Economic Forum Annual Meeting in Davos, Switzerland, on May 24, 2022.
News
Economy & Labor

Report: CEOs Are Driving “Greedflation,” Raising Prices to Pay Themselves More

In 2021, CEO pay rose 18.2 percent. Workers’ wages rose 4.7 percent.
by
Jake Johnson,
Common Dreams
July 19, 2022
Truthout
Chairman of the Federal Reserve Jerome H. Powell arrives for a hearing of the House Committee on Financial Services on Capitol Hill on June 23, 2022, in Washington, D.C.
Interview
Economy & Labor

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.
by
C.J. Polychroniou,
Truthout
July 7, 2022
Truthout
A masked man holds a plate of chickpea-topped hummus
News
Environment & Health

With Food Prices Up, a “Bean New Deal” May Be Part of the Answer

With beef and poultry prices rising, the government should ease spending on meat and pay farmers to plant beans.
by
Matthew Miles Goodrich,
The Nation
June 29, 2022
Truthout
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