Just 25% of respondents think capitalism is good for society, a JUST Capital and Harris Poll has found.
The remaining 75% either say capitalism needs reform, or is irredeemable. Continue reading Only 1 in 4 Americans Think Capitalism is Good for Society
At least four members of congress are confirmed to have received loans from the SBA’s paycheck protection program. It is unknown how many more members of congress could have also gotten loans. Some lawmakers who benefited also opposed legislation requiring lending transparency for the program. When congress approved half a trillion dollars for small business loans earlier this year, there was a scramble to apply. … Continue reading Members of Congress Revealed to have Benefited from Federal Small Business Loan Program
A new report by the Institute for Policy Studies (IPS) has found that US billionaire’s wealth as a group has increased by over half a trillion dollars.
This figure represents a 19% increase over the period since March. Continue reading Report: US Billionaire’s Wealth Has Increased by over Half a Trillion During Covid-19 Pandemic
As of 4/27, the billionaire mogul’s net worth was $144 billion, up from $113 earlier in the month — a 27% increase. Continue reading Jeff Bezos is Over $30 Billion Richer Amid Covid-19 Pandemic
Disney has cut pay for 100,000 in response to the Covid 19 pandemic. Abigail Disney, grand-niece of founder Walt Disney, publicly criticized the move. A $1.5 billion dividend package for investors and executives will be left intact. Continue reading “WHAT THE ACTUAL F***??” Abigail Disney calls out Disney for Cutting Pay for 100,000 Workers
New data show that nearly 1/3 of U.S. renters did not pay rent for the month of April.
The Covid-19 pandemic continues to ravage economic life for workers in the U.S. Continue reading Nearly 1/3 of Renters Did Not Pay Rent in April
Retail spending cratered a record 8.7% in March. The new record dwarfs the previous record of 3.9%. Continue reading Retail Sales Plunge Record 8.7% Last Month
A new survey finds 43% of U.S. small businesses are fighting for survival in the wake of the Covid-19 pandemic.
24% of businesses surveyed have already closed on a temporary basis. Continue reading Survey Finds Almost Half of U.S. Small Business Will Permanently Close Without Help Soon
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
