The index is at its lowest level since June 2009, during the Great Recession.
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Corporate debt levels hit record highs, and that has experts worried
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.
Economists argue anti-tax sentiment in the U.S. stems from history of slavery
They point out exemptions and tax avoidance have created levels of inequality in the U.S. not seen since before the Great Depression.
Manufacturing sector contracts 4th month in a row, in recession
This is the fourth month in a row the manufacturing sector has been in contraction.
Nobel prize winning economist calls for end of using GDP as metric of economic performance
He argues it does not capture information needed to fight crises we currently face, including the climate crisis and inequality crisis.
Corbyn exposes Conservative party talks to put NHS “up for sale” post Brexit
The documents reveal the Conservative party has been in talks with the US regarding methods to raise prices paid by the National Health Service to US firms.
The Financial Times posts endorsement of Labour Party in upcoming UK general election
It’s a little bit like if the Wall Street Journal endorsed Bernie Sanders.
Japan overtakes China as largest holder of US treasuries as China sells off
US Treasury Department data show Japan is now the largest holder of US treasury securities with $1.15 trillion.
China was the previous largest holder but has sold off $49 billion in the last year.
Report: States with higher taxes have higher growth and employment
The report by the Institute on Taxation and Economic Policy shows states with higher tax rates fare better on multiple key economic indicators.
UK Labour Party: Businesses failing to tackle climate crisis will be de-listed from London Stock Exchange
The exchange is the 7th largest in the world with a market capitalization equaling almost $3.8 trillion USD.
Economic Left 