The study found that of the 379 profitable companies, 91 paid no federal income taxes. A further 56 companies paid rates between 0% and 5%. Continue reading Study: One Quarter of Profitable Fortune 500 Companies Paid $0 in Federal Income Taxes in 2018
The index fell 30% over 22 days, the shortest duration on record. Continue reading S&P 500 Posts Fastest 30% Decline Ever, Faster Than During Great Depression
Delta Airlines is set to distribute $1.1 billion in profit sharing to its employees and is also the highest rated airline. Could profit sharing models have a positive impact on quality and efficiency? Continue reading Delta is the Industry Leader in Employee Profit Sharing and also the Best Rated Airline. Coincidence? We Think Not.
The record for most closures was set in 2019. Continue reading As Many as 12,000 Retail Stores Could Close in 2020
A meta-study of 22 studies examining the potential affects of a single-payer healthcare system on the U.S. economy has shown healthcare spending would fall under the system. Nineteen of the studies found that spending would fall in the first year, and all twenty-two studies found spending would fall in the long term. The majority of savings were predicted to come from simplified billing and lower … Continue reading Meta-study: U.S. Single-payer Healthcare System Would Reduce Costs
The index is at its lowest level since June 2009, during the Great Recession. Continue reading US Manufacturing Sector Falls for 5th Consecutive Month
Corporations have almost $10 trillion in debt on their balance sheets, equivalent to 47% of the entire U.S. economy. Peaks in corporate debt levels have historically coincided with recessions. Continue reading Corporate debt levels hit record highs, and that has experts worried
This is the fourth month in a row the manufacturing sector has been in contraction. Continue reading Manufacturing sector contracts 4th month in a row, in recession
Piketty argues billionaires are harmful to economic growth and calls for a 90% wealth tax on those worth more than 2 billion euros. Continue reading Bestselling French economist Thomas Piketty releases plan to phase out billionaires
NJ would be the second state, after North Dakota, to create publicly run bank. Gov. Phil Murphy signed executive order creating 14 member panel which must report back within a year. This week, Gov. Phil Murphy signed an executive order aimed at creating the nation’s second public bank. If established. New Jersey would be the second state with such a system, after North Dakota. The … Continue reading New Jersey takes steps to establish a public bank
