crisis
Pandemic unemployment benefits expire today, leaving 10 percent of the US population with dramatically less household income. ...[Read more]
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Sri Lankan government raided private warehouses outside capital Colombo to seize thousands of tonnes of sugar last week. The raids came a day after the country declaring a state of emergency due to food shortages. ...[Read more]
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Millions of jobless workers are set to lose critical unemployment benefits in roughly 72 hours — and neither Congress nor the Biden administration seem prepared to do anything about it. ...[Read more]
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The abrupt loss of pandemic unemployment benefits on a broad scale could have long-term effects not only for the recipients but also for the economy. ...[Read more]
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Anew analysis from finance firm Goldman Sachs finds that if Congress doesn’t act soon to pass an eviction moratorium, 750,000 households could face eviction in the fall and winter.
The investment bank estimates that between 2.5 and 3.5 million people in ...[Read more]
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Despite their loud public complaints to lawmakers about the supposed "economic hardships" caused by the CDC's now-terminated eviction moratorium, large real estate companies have privately touted their solid performance during the coronavirus pandemic—a ...[Read more]
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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 a speech on Monday, Treasury Secretary Janet L. Yellen called for a global minimum tax on multinational corporations as President Joe Biden and leading Democrats defended a sweeping jobs and infrastructure proposal that analysts say would support a mor ...[Read more]
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"We need greater action and urgent investment to reduce internal displacement caused by the rising risk of disasters." ...[Read more]
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While citizens of Texas are facing a crisis of massive proportions brought on largely by the failures of natural gas companies to weatherize their equipment, one natural gas company, owned by Dallas billionaire and Dallas Cowboys owner Jerry Jones, is cas ...[Read more]
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The scathing new report is an indictment of both Trump and a health care system that values profit over human life. ...[Read more]
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