He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.
Business
Economy Has Failed 90% of All Workers
As wage growth stalled for 90% of workers, the average incomes of the top one percent increased at a whopping 300% of the rate of economic growth.
Luxury Air Business Booms as Californians Struggle to Breathe
For buyers at the upper reaches of the real estate market, peace of mind can be purchased in the form of deluxe air filtration systems that keep the world at bay. Lower income communities are not so lucky.
COVID Sniffing Dogs Deployed at Helsinki Airport
“We know the dogs work,” researcher Anna Hield-Björkmansaid. “We’ve been doing this research for five years before, training them [to detect] cancer and other diseases”.
Pentagon Used Taxpayer Money Meant for COVID Supplies on Jet Engine Parts Instead
Pentagon Used Taxpayer Money Meant for COVID Supplies on Jet Engine Parts Instead
Rural Hospitals Teeter On Financial Cliff As COVID Loans Come Due
More than 65% of the nation’s small, rural hospitals took out loans from Medicare when the pandemic hit. Many now face repayment at a time when they are under great financial strain.
Mnuchin “I Unfortunately Think There’s Not Much More We Can Do”
The Treasury secretary indicated he didn’t see a need to use the remaining $259 billion after Congress authorized $454 billion in March.
U.S. GDP Drops by 32.9% Smashing Records
The Q2 2020 drop is almost four times as large as the largest drop during the Great Recession.
Dozens of Companies Pay Executive Bonuses Before Seeking Bankruptcy During Pandemic
1/3 of companies paid out bonuses within 1 month of filing, and two 2/3 paid out bonuses within 6 months of filing.
This practice evades a 2005 law which bans companies from paying executive bonuses while in bankruptcy.
Jeff Bezos Adds Record $13 Billion to Personal Net Worth in One Day
Amazon CEO Jeff Bezos smashed records on Monday adding $13 billion to his fortune in a single day.
Economic Left 