capitalism
If you were reading the news back in 2008, then you probably remember how residential mortgage backed securities fueled by subprime mortgages tanked the global economy. Now John Flynn, a veteran of the mortgage securities market, says it’s happening all ...[Read more]
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In statements at an informal World Trade Organization meeting on Thursday, South Africa took rich countries to task for publicly stressing the need for international cooperation in the fight against Covid-19 while simultaneously blocking a patent waiver t ...[Read more]
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Pfizer, Johnson & Johnson, and AstraZeneca—three of the world's top coronavirus vaccine manufacturers—have paid out a combined $26 billion in dividends and stock buybacks to their shareholders over the past year, a sum that could fully fund the cost o ...[Read more]
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Last year, as the United States was ravaged by the coronavirus pandemic, CVS Health donated a staggering amount of money to a dark money group that advocated for limiting health care access. According to The Intercept, CVS Health which also owns the healt ...[Read more]
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More than a year after the coronavirus pandemic and the corresponding economic crisis began, a new analysis out Wednesday shows that as 2020 ended, the richest 10% of Americans possessed just under 70% of the nation's household wealth.
According to the r ...[Read more]
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The head of the IRS calculated that tax evasion in the U.S. may total $1 trillion a year, a figure that is multiples higher than previous estimates from the federal government.
Internal Revenue Service Commissioner Chuck Rettig told a Senate panel Tuesday ...[Read more]
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Florida Gov. Ron DeSantis is adamantly refusing to consider increasing unemployment benefits in his state as many works are still struggling due to the impact of the COVID-19 pandemic. ...[Read more]
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Nearly half a millennium ago Niccolo Machiavelli’s The Prince described three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to live under their own laws and in freedom: … the first is t ...[Read more]
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Last August, Jamelle Brown, a technician at Research Medical Center in Kansas City, Missouri, contracted Covid-19 while on the job sanitizing and sterilizing rooms in the facility's emergency department. Luckily, his case wasn't severe, and after having q ...[Read more]
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As the first anniversary of the police killing of George Floyd approaches, we speak with author and journalist Victoria Law, who says despite the mass movement to fight systemic racism sparked by Floydâs death, persistent myths about policing, incarc ...[Read more]
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We look at pandemic profiteering in the medical system as a new report by Kaiser Health News reveals some of the nationâs richest hospitals recorded hundreds of millions of dollars in surplus over the past year after accepting federal healthcare bail ...[Read more]
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