Truthout
Inflation
Fed Reserve Rate Hikes May Set Stage for Financial Crises in Global South
Monetary policy to control inflation in the U.S. has significant impacts on poor and indebted nations.
Will UK Conservative Party Lose Parliamentary Seats Amid Multi-Sector Strikes?
Recent polls show the British public trusts the Labour Party will handle the economy better than the Conservatives have.
Lawmakers Quietly Gave Weapons Firms a Bailout for So-Called Inflation Relief
Lawmakers fundamentally transformed the law in the defense bill to enable price increases for Pentagon contracts.
Warren Demands Answers on Soaring Egg Prices as Top Producers’ Profits Skyrocket
Egg prices have climbed 150 percent over the last year while the top egg producer has raked in record profits.
California Democrats Propose $25 Minimum Wage for Health Sector Workers
If passed, 1.5 million California workers could get a wage hike come January 2024, according to one estimate.
Over 30 Million in US Face “Hunger Cliff” as Food Benefit Cuts Loom
As COVID-era SNAP increases are rolled back, inflation and corporate profiteering will leave millions hungry next month.
From Taxing the Rich to Defending Social Security, Will Biden Deliver?
Amid GOP heckling, Biden embraced the rhetoric of economic populism in his State of the Union address.
750 Temple University Graduate Workers Walk Off the Job
Temple’s grad workers earn about $19,500 a year, while the average annual rent in Philadelphia runs about $23,000.
Sanders Calls for Minimum Wage to Be Raised to at Least $17 an Hour
Because of inflation, fighting for a $15 an hour minimum wage is no longer enough, Sanders said.
Chevron More Than Doubled Its Profits Last Year as Gas Prices Squeezed Wallets
The profits report comes just two days after Chevron announced it’s tripling its stock buyback budget to $75 billion.