New research from government watchdog Accountable.US finds that American Petroleum Institute (API) members raked in more than $1.2 billion of taxpayer money throughout the pandemic … API Said Oil Co.’s Didn’t Need Bailouts – They Took $1.2 Billion AnywayRead more
Bailout
Posted inBailout / Economics
Billionaires funneled money offshore for years. Now they want a bailout
We’re sharing this personal story from an anonymous writer who has been made redundant in the past month. The consequences of a world where we … Billionaires funneled money offshore for years. Now they want a bailoutRead more
Posted inBailout / ToMl / USA Empire
Bailouts in the Time of Coronavirus
To say that these are unprecedented times would be the understatement of the century. Even as the United States became the latest target of Hurricane … Bailouts in the Time of CoronavirusRead more
Posted inBailout / Economics / ToMl / USA Empire
Aviation industry laying off thousands during pandemic while seeking bailouts
Airline executives in the US and internationally are imposing furloughs, layoffs and voluntary unpaid time-off against hundreds of thousands of workers in response to the … Aviation industry laying off thousands during pandemic while seeking bailoutsRead more
Posted inBailout / Disease / Economics / ToMl / USA Empire
Bailouts for the Rich, the Virus for the Rest of Us
For the second time in a generation, the President and Congress are creating an economy under the guise of ‘saving the economy.’ Through bailouts for … Bailouts for the Rich, the Virus for the Rest of UsRead more
Posted inBailout / Europe / Fossil fuel / News
EU’s Central Bank is Pouring Billions Into Fossil Fuel Industry
The European Central Bank (ECB) Governing Council extended an emergency asset purchase program to June 2021 and expanded it by €600 billion to a total … EU’s Central Bank is Pouring Billions Into Fossil Fuel IndustryRead more
Posted inBailout / Disease / Economics / ToMl / USA Empire
The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies
When historians look back on our current government’s response to a public health emergency and resultant economic depression, there won’t be many paeans to profiles … The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington CroniesRead more
Posted inBailout / Economics / Fossil fuel / ToMl
Fossil Fuel Bailouts Are Class War. This Is How We Fight Back
Global oil markets are in turmoil, with crude prices at their lowest level in years, even going negative at one point in April. When the … Fossil Fuel Bailouts Are Class War. This Is How We Fight BackRead more
Posted inBailout / Economics / ToMl
Boeing Gets Up To $17 Billion In Loans From Coronavirus Stimulus
[youtube https://www.youtube.com/watch?v=gJxpiQlRok0&rel=0] Dean Baker Mark Steiner: Welcome to The Real News. I’m Mark Steiner. Great to have you all with this. It’s important to begin … Boeing Gets Up To $17 Billion In Loans From Coronavirus StimulusRead more
Posted inAviation / Bailout / Capitalism / Economics / News
American Airlines spent $12 billion on stock buybacks during flush times
American Airlines’ $29 billion in debt and massive share buybacks are coming under increased scrutiny as the aviation industry looks for government aid to deal … American Airlines spent $12 billion on stock buybacks during flush timesRead more