economy

Almost a Third of Young People Have Lost Their Jobs So Far
As measures to slow the pandemic decimate jobs and threaten to plunge the economy into a deep recession, young adults such as Romero are disproportionately affected. An Axios-Harris survey conducted through March 30 showed that 31 percent of respondents a ...[Read more]
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Trump Launches New Assault on the Working Poor
The Office of Management and Budget's latest effort to redefine "poverty" threatens to deprive countless Americans of basic social services. ...[Read more]
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1.7 million viewers tuned into Bernie Sanders Inequality Town Hall webcast
ack in January, a million people tuned in to Bernie Sanders' town hall on universal health-care; yesterday, 1.7 million people tuned in to watch Sanders, Elizabeth Warren, Michael Moore, and a panel of experts discuss inequality. It was 90 minutes of w ...[Read more]
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China’s economic mastermind Liu He takes centre-stage at Davos
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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Asian Dawn: Think Tank Claims China Will Supplant US as Largest Economy in 2032
A new report from a London think tank claims that China will totally overtake the US economy in size by 2032, with four other Asian nations – India, Japan, South Korea, and Indonesia – joining it in the top 10. ...[Read more]
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Why the UN is investigating extreme poverty in America, the world’s richest nation
The United Nations monitor on extreme poverty and human rights has embarked on a coast-to-coast tour of the US to hold the world’s richest nation – and its president – to account for the hardships endured by America’s most vulnerable citizens. The ...[Read more]
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Slouching Towards Neofeudalism
eofeudalism is a concept in which government policies are designed to systematically increase the wealth gap between rich and poor while increasing the power of the rich over the poor. It’s a party-neutral idea. There is no cabal pushing the plan, merel ...[Read more]
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Corbyn: Hammond right to say Labour threatens whole economic system
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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Why the Trump dynasty will last sixteen years
In Washington DC, post-electoral stress disorder has generated a hysteria still amply manifest after eight months: the “Russian candidate” impeachment campaign implies that any contact with any Russian by anyone with any connection to Donald Tru ...[Read more]
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Trump Executive Order Will Let Private Equity Funds Drain Your 401(k)
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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Donald Trump: Lots of shouting, tiny stick
Hre we go again. General “Mad Dog” Mattis, the US Secretary of Defense, declares Iran “is the single biggest state sponsor of terrorism in the world.” National Security Advisor General Michael Flynn puts Iran “on notice.” President Trump says ...[Read more]
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