Economy

Labour takes aim at tax havens as £13TRILLION of UK firms’ assets squirrelled away offshore
realnews.today
A mind-boggling £13trillion of assets in major firms who do business in the UK are squirrelled away in tax havens abroad says Labour. And Shadow Chancellor John McDonnell will tomorrow tell the BBC’s Andrew Marr how Chancellor Philip Hammond could grab ...[Read more]
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Corbyn: Hammond right to say Labour threatens whole economic system
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Jeremy Corbyn will say the chancellor, Philip Hammond, is right to call the Labour party an “existential challenge to our economic model” as he pledges to lead a government that will overturn the economic status quo. ...[Read more]
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IMF: higher taxes for rich will cut inequality without hitting growth
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Higher income tax rates for the rich would help reduce inequality without having an adverse impact on growth, the International Monetary Fund has said. The Washington-based IMF used its influential half-yearly fiscal monitor to demolish the argument that ...[Read more]
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Age, race, education – no matter how you slice it, wealth inequality in the US is astronomical
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Wealth inequality is basically the same everywhere. The top 10 percent tends to own around 70 percent of the wealth. The next 10 percent tends to own around 10 to 15 percent of the wealth. And everyone else in a particular group owns a relatively negligib ...[Read more]
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GOP suppresses the report that proves Trickle Down Economics does not work
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What do you do when the Congressional Research Service, the completely non-partisan arm of the Library of Congress that has been advising Congress—and only Congress—on matters of policy and law for nearly a century, produces a research study that find ...[Read more]
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Hero ambulance workers revealed as the group hardest-hit by Tories’ attack on public sector pay
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UK - Hero ambulance workers are revealed today as the hardest-hit of any major public sector group by the Tories’ brutal attack on pay. A damning study by the TUC shows paramedics have seen their annual pay cut by a staggering £6,140 since 2010 in real ...[Read more]
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Death From Disadvantage: The Impact Of Economic Divides On Suicide
realnews.today
Some of the most disadvantaged and vulnerable people are losing their lives in Britain because of the link between levels of deprivation and suicidal behaviour, says our new report Dying from Inequality. Whilst the causes of suicide are complex, and indiv ...[Read more]
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Monster oil & gas deposits discovered in Iran – local media reports
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Iran has found a dozen new oil fields that could produce 30 billion barrels of crude and 128 trillion cubic feet of natural gas, according to Press TV quoting officials in Tehran. Iranian oil output is about four million barrels per day (bpd), of which ab ...[Read more]
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Trump Executive Order Will Let Private Equity Funds Drain Your 401(k)
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DONALD TRUMP’S FEBRUARY 3 executive order enabling financial advisers to continue ripping off their clients could prove a lifeline for a surprising beneficiary: the private equity industry. The Department of Labor’s fiduciary rule would have forced in ...[Read more]
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US wealth inequality – top 0.1% worth as much as the bottom 90%
realnews.today
Not since the Great Depression has wealth inequality in the US been so acute, new in-depth study finds Wealth inequality in the US is at near record levels according to a new study by academics. Over the past three decades, the share of household wealth o ...[Read more]
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Monsanto, EPA Seek to Keep Talks Secret on Glyphosate Cancer Review
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Monsanto Co. and officials within the Environmental Protection Agency are fighting legal efforts aimed at exploring Monsanto's influence over regulatory assessments of the key chemical in the company's Roundup herbicide, new federal court filings show. Th ...[Read more]
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