Truthout
Inflation
Corporate Profits Soared to Highest Levels in 7 Decades Last Year
Experts call for a tax on excess corporate profits as a tool to rein in sky-high inflation.
Federal Reserve Puts Burden of Curbing Inflation on Global Working Class
The Fed's plan to raise interest rates could increase unemployment and set the stage for lowering wages.
Biden Tells Oil Refinery Companies It’s Unfair to Pass Gas Costs Onto Americans
“The crunch that families are facing deserves immediate action,” Biden told the companies.
Progressive Economists Say Interest Rate Hikes Are Wrong Approach to Inflation
The Federal Reserve's recent moves risk causing a recession and imposing more pain on vulnerable workers, critics warn.
Poll Shows Confronting Corporate Greed Is Biden’s Best Anti-Inflation Message
Voters are particularly responsive to messaging that connects price hikes to profiteering by big business.
McConnell Pins Inflation on Biden, But Has Raked In $1.2M From Corporate Donors
Executives have been bragging about their record profits, but the GOP says high prices are Democrats’ fault.
Corporate Profiteers Are Driving Inflation. It Hurts Poorer Countries Most.
Inflation has reached its highest point in four decades, thanks to corporate profiteers and speculators.
Sanders Announces Budget Committee Hearing on Corporate Greed and Profiteering
“The American people are sick and tired of corporate greed,” Sanders said.
Corporate Profits Reached Record High of Nearly $3 Trillion in 2021
Corporate profits increased by 25 percent in 2021 while inflation rose by 7 percent.
If Minimum Wage Kept Up With Wall Street Bonuses, It Would Be $61.75 an Hour
Wall Street bonuses have surged over 1,700 percent of what they were in 1985.