Economy

Economists Warn Democrats ‘Going Too Small’ on Infrastructure Risks Economic and Climate Catastrophe
realnews.today
Pointing to the nation's tepid recovery from the 2009 financial collapse as a cautionary tale, economists are pressing Democratic lawmakers to dramatically expand President Joe Biden's $2.3 trillion infrastructure proposal in order to equitably rebound fr ...[Read more]
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Why are CEOs of U.S. firms paid 320 times as much as their workers?
realnews.today
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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Pandemic Profiteers: Hospitals Sued Patients over Medical Debt While Getting Billions in Relief Aid
realnews.today
We look at pandemic profiteering in the medical system as a new report by Kaiser Health News reveals some of the nation’s 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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73% of US Voters—Including 57% of Republicans—Back Biden’s $2.25 Trillion Infrastructure Plan: Poll
realnews.today
A new poll released Tuesday shows that a large, bipartisan majority of voters in the United States supports President Joe Biden's proposal to spend $2.25 trillion over eight years to upgrade the nation's physical and social infrastructure. The survey (pdf ...[Read more]
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Biden and the Democrats Are Getting Serious About Raising Corporate Taxes
realnews.today
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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Corporations Like McDonald’s Don’t Believe Their Own Anti–Minimum Wage Talking Points
realnews.today
Restaurant chains have told their investors that a minimum wage hike wouldn't be a big deal — even as their corporate lobbying groups in Washington fight plans for a $15 minimum wage. ...[Read more]
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No Federal Taxes for Dozens of Big, Profitable Companies
realnews.today
Just as the Biden administration is pushing to raise taxes on corporations, a new study finds that at least 55 of America’s largest paid no taxes last year on billions of dollars in profits. The sweeping tax bill passed in 2017 by a Republican Congress ...[Read more]
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Joe Biden wants to spend $2 trillion on infrastructure and jobs. These 4 charts show where the money would go.
realnews.today
President Joe Biden on Wednesday introduced a sweeping $2 trillion infrastructure and jobs package that looks to reshape the American economy and make the most significant domestic U.S. investments in generations. His far-reaching American Jobs Plan inclu ...[Read more]
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‘She-Wees’ and Plastic Bags: Amazon’s Pee Scandal Is Much Worse for Women
realnews.today
Last week, as part of a public relations attempt to combat negative media coverage amid a high-stakes union election at an Amazon warehouse in Alabama, the company's official "Amazon News" Twitter account defended its working conditions. "You don’t real ...[Read more]
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46 Million in US Say They Would Not Be Able to Afford Needed Health Care
realnews.today
A new study released Wednesday morning shows that nearly 50 million Americans would be unable to afford quality healthcare should the need for treatment suddenly arise, a finding seen as further evidence of the immorality of a for-profit insurance system ...[Read more]
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As Biden Prepares to Unveil Infrastructure Plan, Progressives Push $10 Trillion Investment
realnews.today
With President Joe Biden set to start unveiling his two-part infrastructure plan later this week, congressional progressives on Monday officially announced their proposal to invest $10 trillion over the next decade in renewable energy, green buildings, an ...[Read more]
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