Economy

Latin America Mexico Rejects US Oil Sanctions on Venezuela
realnews.today
Mexican energy secretary Pedro Joaquin Coldwell said today that Mexico won't impose oil sanctions on Venezuela, because of the negative impact this would represent on the country's population and the Caribbean. This comes after US Secretary of State Rex T ...[Read more]
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The tax cut is a $6 billion gift to Exxon
realnews.today
The tax windfall helped Exxon's (XOM) net profits surge fivefold, the world's largest publicly traded oil company said on Friday. Excluding the tax bonanza, Exxon's results left Wall Street wanting more. Adjusted earnings unexpectedly declined and revenue ...[Read more]
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Why does it cost $32,093 just to give birth in America?
realnews.today
Stella Apo Osae-Twum and her husband did everything by the book. They went to a hospital covered by insurance, saw an obstetrician in their plan, but when her three sons – triplets – were born prematurely, bills started rolling in. The hospital charge ...[Read more]
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An ER visit, a $12,000 bill — and a health insurer that wouldn’t pay
realnews.today
Cloyd came in after a night of worsening fever and a increasing pain on the right side of her stomach. She called her mother, a former nurse, who thought it sounded like appendicitis and told Cloyd to go to the hospital immediately. The doctors in the eme ...[Read more]
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Inequality is not inevitable, but the Davos elites will not solve it
realnews.today
The absurdity of eight billionaires owning as much wealth as the poorest 50 per cent of the world’s population has only been overtaken by the news that the top 1 per cent managed to take 82 per cent of all global wealth created, while the bottom half o ...[Read more]
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China’s economic mastermind Liu He takes centre-stage at Davos
realnews.today
President Xi Jinping is not attending Davos this year – he sent China’s economic mastermind instead. And although Liu He is no stranger to the annual gathering of the world’s business and political elite, he has not previously been the one giving th ...[Read more]
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As Wealthiest Amass Another $1 Trillion in 2017, Calls for a Strike Back Against Oligarchy
realnews.today
As the gap between the world's richest and poorest people has widened to an extreme not seen since the Gilded Age, the 500 wealthiest people have gotten $1 trillion richer in 2017, according to Bloomberg's Billionaires Index. The richest people in the wor ...[Read more]
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Venezuela backs national cryptocurrency with 5,000,000,000 barrels of crude
realnews.today
“Here’s the document formalizing the provision of the certified Ayacucho oil field No.1 in the Orinoco Petroleum Belt for the support of El Petro cryptocurrency,” Maduro said on national TV. Maduro said the field’s “reserves amount to five billi ...[Read more]
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I hope I can quit working in a few years: A preview of the U.S. without pensions
realnews.today
Tom Coomer has retired twice: once when he was 65, and then several years ago. Each time he realized that with just a Social Security check, “You can hardly make it these days.” So here he is at 79, working full-time at Walmart. During each eight-hour ...[Read more]
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Scotland united in curiosity as councils trial universal basic income
realnews.today
Universal basic income is, according to its many and various supporters, an idea whose time has come. The deceptively simple notion of offering every citizen a regular payment without means testing or requiring them to work for it has backers as disparate ...[Read more]
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California’s middle class homeless living in parking lots
realnews.today
The rising cost of rent and housing in California is forcing residents into alternative accommodation with middle class workers taking up residence in their cars and RVs by the side of the road to make ends meet. Hundreds of people, including nurses and ...[Read more]
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