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Economic Left

Economic news and commentary from a left perspective.

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Tag: progressive economic news

Business, International

Bankruptcies From COVID-19 Crisis Could Erase $1 Trillion From Corporate Debt Markets

“The increase in bankruptcies will generate credit losses that will need to be absorbed, either by the financial system or by taxpayers.” Continue reading Bankruptcies From COVID-19 Crisis Could Erase $1 Trillion From Corporate Debt Markets

Hilary PughMarch 3, 2021Leave a comment
Business, Labor

Rand Report: Trends In Income Inequality From 1975 To 2018

The difference between the taxable income for those below the 90th percentile and the equitable growth counterfactual totals $47 trillion. Continue reading Rand Report: Trends In Income Inequality From 1975 To 2018

Hilary PughMarch 3, 2021Leave a comment
International, Politics

Erik Prince Made $80 Million Illegal Transfer To Libyan Warlord Despite U.N. Arms Embargo

The U.N. report raises questions about whether Trump was complicit in Prince’s violation of the international arms embargo. Continue reading Erik Prince Made $80 Million Illegal Transfer To Libyan Warlord Despite U.N. Arms Embargo

Hilary PughMarch 2, 2021Leave a comment
Government, Politics

Josh Hawley Used Campaign Funds To Pay Bumblebee Taco Bill At “Lobbyist Retreat”

“It appears to not be a legal use of campaign funds,” said Ann Ravel, the former F.E.C. chairwoman. Continue reading Josh Hawley Used Campaign Funds To Pay Bumblebee Taco Bill At “Lobbyist Retreat”

Hilary PughMarch 2, 2021Leave a comment
Politics

Most MAGA Extremists Are Middle Class People In Debt Who Fear Their Privilege Waning

“I think what you’re finding is more than just economic insecurity but a deep-seated feeling of precarity about their personal situation.” Continue reading Most MAGA Extremists Are Middle Class People In Debt Who Fear Their Privilege Waning

Hilary PughMarch 2, 2021Leave a comment
International, Tech

UN Report: North Korea Stole $316 Million In Cryptocurrencies For Banned Nuclear Programs

The vast majority of the proceeds came from two thefts late last year. Continue reading UN Report: North Korea Stole $316 Million In Cryptocurrencies For Banned Nuclear Programs

Hilary PughMarch 1, 2021Leave a comment
Politics

Head Of CPAC Refuses To Apologize For Their Obvious Nazi Rune Stage Design

Schlapp, however, did not apologize. Instead he said, “stage design conspiracies are outrageous and slanderous.” Continue reading Head Of CPAC Refuses To Apologize For Their Obvious Nazi Rune Stage Design

Hilary PughMarch 1, 2021Leave a comment
Government, Infrastructure, Politics

Rick Scott Asks “Do we need to pay for bridges?” Then Claims It’s “Radical Left Stuff”

“Stop wasting money,” Scott complained. “I want to help people. Republicans want to help people.” Continue reading Rick Scott Asks “Do we need to pay for bridges?” Then Claims It’s “Radical Left Stuff”

Hilary PughMarch 1, 2021Leave a comment
Business, International

Billionaires Grabbed $3.9 Trillion During Year Of Pandemic World Wide

Another pandemic development is the addition of more centi-billionaires, or billionaires worth over $100 billion. Continue reading Billionaires Grabbed $3.9 Trillion During Year Of Pandemic World Wide

Hilary PughMarch 1, 2021Leave a comment
Government

Philly Cops Demand A 5% “Accountability Bonus” For Wearing Body Cams

They are also demanding an extra 5 percent bonus for officers who live within city limits. Continue reading Philly Cops Demand A 5% “Accountability Bonus” For Wearing Body Cams

Hilary PughFebruary 28, 2021Leave a comment

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