Truthout
Inflation
“This Is What Price-Gouging Looks Like”: Exxon Profits Break All-Time Records
Exxon has posted third-quarter profits of $19.7 billion — the highest ever posted by an international oil company.
Biden’s Critique of Big Oil Won’t Have Teeth Without Windfall Tax, Activists Say
Campaigners say Biden must take action instead of asking oil companies to voluntarily stop padding their bottom lines.
Khanna and Blumenthal Propose Bill to Cut All Weapons Sales to Saudi Arabia
The two Democrats proposed the bill after OPEC's decision to slash oil production, which aims to keep gas prices up.
Fears of a Housing Crash Threaten Life Savings of Tens of Millions in the US
The Federal Reserve’s policies are also pushing home ownership further out of reach for first-time buyers.
Spain Passes “Solidarity” Wealth Tax on Top 0.1 Percent
Spanish taxpayers who own more than $2.9 million in assets will be subject to the new measure.
Corporations’ Price-Gouging May Hurt Them in the Long Run, Says Economist
Consumers can afford to buy more when prices are lower; thus, corporations will make more money, says Chris Becker.
Fed’s Latest Interest Rate Hike Will Harm Most Vulnerable, Critics Say
With each rate hike — and other central banks following suit — warnings of a global recession have mounted.
The Poor Are Being Doubly Hit by Inflation and Policies to Combat Inflation
Global food insecurity has doubled since early 2020 amid high inflation, and the Fed is driving up housing costs.
Democracy Can’t Be Reduced to Voting in 2022 — We Must Build the Future We Want
Defending narrowly defined representational democracy is not enough. We need participatory, grassroots democracy.
Corporate Profits Surge to an All-Time High of $2 Trillion
As new federal data shows record-breaking profits, the vast majority of us are hit hard by corporate price-gouging.