Economy

$1 trillion in the Shade – the annual Profits that Multinational Corporations shift to Tax Havens continues to Soar

By Ludvig Wier, University of Copenhagen and Gabriel Zucman, University of California, Berkeley | – (The Conversation) – About a decade ago, the world’s biggest economies agreed to crack down on multinational corporations’ abusive use of tax havens. This resulted in a 15-point action plan that aimed to curb practices that shielded a large chunk […]

China

China Dominates Solar and Wind Energy: Can the U.S. and Europe Finally Catch Up?

The Conversation

By Michael Jacobs, University of Sheffield | – Climate change policy has entered a new era. The growing row between the United States and the European Union over the impacts of the new American green subsidy regime makes that all too clear. Yet in many ways, this story is ultimately about China. For the last […]

Corporations

The Specter of “Woke Communism:” How Corporate America became the Bogeyman of Today’s Anti-Communist Crusaders

Tomdispatch

By Steve Fraser | – ( Tomdispatch.com ) – Ron DeSantis, governor of Florida and perhaps the next president of the United States, is waging war against something he and many others on the right identify as “woke communism.” DeSantis even persuaded the Florida legislature to pass a Victims of Communism law, mandating that every […]

Joe Biden

Biden is Right: You Shouldn’t Pay a Higher Tax Rate than Billionaires

OtherWords

By Rebekah Entralgo | – ( Otherwords.org ) – In his third State of the Union address, President Joe Biden renewed his call for a billionaire minimum income tax, demanding Congress take action on a broken tax system that rewards wealth over work. “Pass my proposal for a billionaire minimum tax,” Biden proclaimed. “Because no […]

Employment

Poverty amid Plenty: A World Fragmented by Inequality

Liz Theoharis

By Liz Theoharis | – ( Tomdispatch.com) – A few weeks ago, the world’s power brokers — politicians, CEOs, millionaires, billionaires — met in Davos, the mountainous Swiss resort town, for the 2023 World Economic Forum. In an annual ritual that reads ever more like Orwellian farce, the global elite gathered — their private jets […]

Climate Crisis

Exxon Scientists Accurately Forecast Climate Change back in the 1970s – What if it hadn’t been Covered up and We had Acted

The Conversation

By John Grant, Sheffield Hallam University | – Writers of speculative- and science-fiction often identify a key point in time and explore how a seemingly insignificant event might change the path of humanity. One of these moments came in the 1970s when oil giant Exxon chose to ignore its own commissioned research on the impact […]

Pentagon

Is America’s bottomless Corporate Welfare for Arms Industry actually Making us Less Safe?

William D. Hartung

( Tomdispatch.com ) – Late last month, President Biden signed a bill that clears the way for $858 billion in Pentagon spending and nuclear weapons work at the Department of Energy in 2023. That’s far more than Washington anted up for military purposes at the height of the Korean or Vietnam wars or even during […]

Featured

Billionaires Gobbled up 2/3s of New Wealth at $2.7 bn/ day, as 800 million go to bed Hungry: Oxfam

Juan Cole

Ann Arbor (Informed Comment) – Oxfam , the British charity, has released a new report finding that the global problem of wealth inequality is growing ever more threatening. Of all the new wealth the entire human race has produced in the past two years, the richest 1% gobbled up 66% of it. The less-rich 99% […]