Economy - Part 5

The Texas GOP Is Taking Money From the Unemployed and Giving It to Fossil Fuel Companies
In the last week and a half, Texas Republicans moved to block $8 billion worth of pandemic unemployment benefits for 1.3 million people — just days after voting to extend a corporate subsidy program that is enriching fossil fuel companies and has ...[Read more]
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Entrepreneurs don’t have a special gene for risk—they’re rich kids with safety nets
We’re in an era of the cult of the entrepreneur. We analyze the Tory Burches and Evan Spiegels of the world looking for a magic formula or set of personality traits that lead to success. Entrepreneurship is on the rise, and more students coming out of b ...[Read more]
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Judge Who Struck Down Eviction Moratorium Lives in Nearly $3 Million, 6-Bedroom Home
Friedrich, who issued a 20-page ruling on May 5 claiming the federal agency had overstepped its authority, wrote in an accompanying opinion that the eviction ban “is the role of the political branches, and not the courts.” Friedrich added that the “ ...[Read more]
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Chomsky: Big Pharma Cares More About Profiting From COVID Than Human Survival
The election of Joe Biden has not demolished the Republican Party, or that party’s ongoing attempts to block policies that might give humanity a chance at survival. Moreover, the advent of the Biden administration has not negated some of the most persis ...[Read more]
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Report reveals how big corporations rigged rules to boost pandemic pay of CEOs as workers suffered
Dozens of the largest low-wage employers in the United States manipulated their own rules during the coronavirus pandemic to hand wealthy CEOs substantial raises while their vulnerable frontline workers struggled to get by with inadequate paychecks, meage ...[Read more]
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‘From drug cartels and human traffickers to Russian oligarchs and African kleptocrats’: How America became the #1 choice for money-laundering
Money laundering has long been a major issue in the United States but over the last several years, the evolution of technology has made the laundering threat far worse. Last fall, BuzzFeed News and the International Consortium of Investigative Journalists ...[Read more]
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EU ready to discuss waiver on Covid vaccine patents
The head of the European commission, Ursula von der Leyen, has said the bloc is “ready to discuss” a US-backed proposal for a waiver on the patents for Covid-19 vaccines and the French president, Emmanuel Macron, said he was “absolutely in favour” ...[Read more]
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Amazon Is Dictating the Personal Hygiene of Contract Drivers including Fingernail Length
Amazon is dictating the hygiene and monitoring the social media posts of drivers that it’s contracting from other small companies, new documents show. The policies are part of a litany of strict guidelines that recent reporting has found Amazon workers ...[Read more]
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Workers With Health Insurance Face Rising Out-of-Pocket Costs
A new survey from the Kaiser Family Foundation shows annual premiums for a family now top $21,000, and deductibles have more than doubled since 2010. ...[Read more]
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Biden to Sign Executive Order Raising Federal Workers’ Wages to $15 an Hour
President Joe Biden plans to announce on Tuesday that he is raising the minimum wage for employees contracted to work for the federal government to $15 per hour starting next spring. The increase will represent a 37 percent increase in pay overall from th ...[Read more]
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The Whistleblower Trying to Stop the Next Financial Crisis
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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