Piketty argues billionaires are harmful to economic growth and calls for a 90% wealth tax on those worth more than 2 billion euros.
Politics
Healthcare stocks rise as Sen. Elizabeth Warren backs away from Medicare for All
Major healthcare stocks up 5% in Friday trading after the announcement.
New Jersey takes steps to establish a public bank
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… Read More ›
Sen. Sanders and Rep. Ocasio-Cortez announce $180 billion Green New Deal for public housing legislation
The legislation would create almost 250,000 union jobs, reduce public housing costs by $97 million per year, and cut costs from energy consumption by $613 million.
Experts: No reason to believe impeachment would affect stock market over medium term
Stocks went down after Nixon impeachment but up after Clinton’s.
National Nurses United to Endorse Bernie Sanders for President
NNU is the largest organization of registered nurses in the United States, representing over 150,000 members.
Federal Reserve reveals top 10% of US households own 70% of wealth, bottom 50% own only 1%
The data which cover the years 1989 through 2018 reveal a consistent trend of widening wealth inequality.
Evo Morales, Bolivia’s socialist President, forced to resign after military coup
Bolivian President Evo Morales resigned Tuesday following what is widely regarded to be a military coup. Morales had held the office of President since 2006.
Top antitrust enforcer warns Big Tech over “surveillance capitalism”
The government’s top antitrust official warned large technology companies they could be pursued for antitrust law violations.
Economic Left 