After seeing their fortunes surge during the deadly coronavirus pandemic, America’s 719 billionaires are now collectively worth $4.56 trillion—making them over four times wealthier than … 719 Billionaires Now Own Four Times More Wealth Than Poorest 165 Million Americans CombinedRead more
Economics
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Billions Stolen From Black Families by Predatory Lending
[youtube https://www.youtube.com/watch?v=GlwcAx9aVTM&rel=0&feature=relmfu] Bill Black
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10% of the U.S. richest hold 69% of the country’s entire household wealth
The wealthy class in the United States has experienced significant gains in their fortune, dwarfing the cumulative household wealth of the lower class. The U.S. … 10% of the U.S. richest hold 69% of the country’s entire household wealthRead more
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Sri Lankan PM Resigns
Sri Lanka, where the government has granted emergency powers to its military and police forces after protests erupted in the capitol Colombo as the country … Sri Lankan PM ResignsRead more
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Global Billionaire Wealth Surges $4 Trillion Over Pandemic
As over 2.8 million people have died globally from COVID in the past year, the wealth of the world’s billionaires has surged. The planet’s 2,365 … Global Billionaire Wealth Surges $4 Trillion Over PandemicRead more
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Over 25 Years, World’s Wealthiest 5% Behind Over One-Third of Global Emissions Growth
As world leaders prepare for this November’s United Nations Climate Conference in Scotland, a new report from the Cambridge Sustainability Commission reveals that the world’s … Over 25 Years, World’s Wealthiest 5% Behind Over One-Third of Global Emissions GrowthRead more
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Global Military Spending Tops $2 Trillion for First Time in History
Global military expenditures surpassed $2 trillion for the first time ever last year, with the United States spending more on its war-making capacity than the … Global Military Spending Tops $2 Trillion for First Time in HistoryRead more
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25 years of Bank of England independence shows we need a new approach
This week marks 25 years since arguably the biggest change to UK economic policy that no one voted for – the handing over of control … 25 years of Bank of England independence shows we need a new approachRead more
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What is class
[youtube https://www.youtube.com/watch?v=P0mYDEvIbP0&rel=0&feature=relmfu] Richard Wolff
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The Economic Consequences of the War
In 1919, the renowned British economist John Maynard Keynes wrote The Economic Consequences of the Peace, a book that would prove controversial indeed. In it, … The Economic Consequences of the WarRead more