Truthout
Recession
Congress Raises Debt Ceiling After Months of Republican Obstruction
Congress raised the ceiling just before the country was set to default on its loans, which would cause economic turmoil.
Republicans Lie That It’s Democrats’ — Not Trump’s — Debts That Need to Be Paid
The current debt ceiling raise would cover debts incurred by Trump, though Republicans aren’t admitting it.
Cryptocurrency May Wreak Havoc on Economy — Especially on People With No Assets
A sudden uptick in hedge fund failures and corporate bankruptcies could lead to mass layoffs and a recession.
Capitalism Made Women of Color More Vulnerable to the COVID Recession
One in nine Black and Latina women age 20 and over became unemployed last month.
Monumental Contraction of US Economy Wipes Out Five Years of Gains
Failure to address the pandemic head-on may have resulted in larger quarterly economic losses than were necessary.
Forget “Looting.” Capitalism Is the Real Robbery.
Instead of condemning an uprising, those interested in liberation should condemn thefts perpetrated by a lethal system.
Trump Says Lost Jobs “Will All Be Back” Very Soon. Economists Disagree.
Unemployment jumped to 14.7 percent last month, and the economic crisis may not ease until 2023, some economists warn.
To Confront Coronavirus, We Need an Emergency Wealth Tax
A one-time 3 percent wealth tax on the world’s richest 10 percent could raise $9 trillion toward economic recovery.
The Last Recession Led to an Unequal Recovery. We Can Choose a Different Path.
Officials will need to decide whether to protect Wall Street or support the most fragile communities and families.
Naomi Klein Makes the Case for Transformative Change Amid Coronavirus Pandemic
Klein argues it’s vital for people to fight for the kind of change that can curb the worst effects of the current crisis