Inequality

By Angela Bradbery | – When U.S. Sen. Joe Manchin, D-W.Va., said that he wouldn’t support President Joe Biden’s signature Build Back Better Act, he set off a wave of breaking news alerts. It was fitting. For months, media coverage has breathlessly focused on the behind-the-scenes wrangling and hour-by-hour negotiations around the legislation. How much […]

Democratic Party

Which Side is Sen. Joe Manchin On?

OtherWords

By Kristen Olsen | – ( Otherwords.org) – I work hard to make ends meet for my family. But as an educator in West Virginia, that’s hard sometimes — especially with child care to pay for. Fortunately, the expanded Child Tax Credit that Democrats passed this spring has been a lifeline. Those monthly payments mean […]

Climate Crisis

Why spending $2 trillion on child care, health care and fighting climate change won’t make inflation any worse than it already is

The Conversation

By Michael Klein | – One of the main concerns raised by critics of President Joe Biden’s Build Back Better plan is that it will drive up inflation, which is already running at the fastest pace in four decades. The Senate is currently considering a roughly US$2 trillion bill passed by the House that would […]

Inequality

These Real Estate and Oil Tycoons Avoided Paying Taxes for Years: The Secret IRS Files on the .01%

ProPublica

By Jeff Ernsthausen, Paul Kiel and Jesse Eisinger | – ( Propublica) – Here’s a tale of two Stephen Rosses. Real life Stephen Ross, who founded Related Companies, a global firm best known for developing the Time Warner Center and Hudson Yards in Manhattan, was a massive winner between 2008 and 2017. He became the […]

Corporations

Blame Corporate Greed for Inflation

OtherWords

By Sarah Baron | – ( Otherwords.org) – CEOs are taking every opportunity to further pad their own pockets. Here’s how to hold them accountable. By Sarah Baron | December 1, 2021 With vaccination rates on the rise, Americans are hoping for a return to some semblance of normalcy this holiday season. Unfortunately, as people […]

Epidemics

How Greed is Prolonging the Pandemic – Unless the World is Vaccinated, Variants will Keep Emerging

Peter Certo

( Otherwords.org) – Stop me if this sounds familiar. It’s been kind of a hard year, but I felt optimistic about the holidays. My wife and I had just scheduled our COVID-19 boosters. Even better, we’d been able to get our young child vaccinated. We imagined a cautious return to simple family pleasures like indoor […]

Employment

The “Graveyard Shift” in a Pandemic World: The Real Meaning of Supply-Chain Woes

Rebecca Gordon

( Tomdispatch.com) – In mid-October, President Biden announced that the Port of Los Angeles would begin operating 24 hours a day, seven days a week, joining the nearby Port of Long Beach, which had been doing so since September. The move followed weeks of White House negotiations with the International Longshore and Warehouse Union, as […]

Banking

Turkey’s currency crisis is a textbook example of what not to do with interest rates

The Conversation

By Gulcin Ozkan | – Central banks around the globe are currently staring at inflation rates unseen in more than 20 years. Supply chain problems and labour shortages arising from the pandemic, combined with sharply rising food and energy prices, have pushed prices up by as much as 6.2% in the US, 4.2% in the […]

Banking

The Collapse of Turkey’s Currency fuels Power Struggle

Middle East Monitor

By Bakr Sidqi | – ( Middle East Monitor ) – On what was called “Black Tuesday” in the media this week, the value of the Turkish lira against foreign currencies declined sharply, bringing the exchange rate to 13.5 Turkish liras to the US dollar. While experts on the matter in Turkey and elsewhere are […]