Amazon CEO Jeff Bezos smashed records on Monday adding $13 billion to his fortune in a single day.
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Banks Made Over $10 Billion in Two Weeks Processing Gov. Coronavirus Loans
US Banks made a quick $10 billion processing the Small Business Administration’s Coronavirus relief loan program.
Banks made between 1%-5% in fees on each loan they processed for the program.
Survey: U.S. Ranked Worst for Workers Rights Among Major Economies
A new survey by the International Trade Union Confederation finds that the U.S. ranks at the bottom of the list for worker’s rights among developed economies.
Labor violations are also at a seven year high globally, the ITUC finds.
Only 1 in 4 Americans Think Capitalism is Good for Society
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.
Members of Congress Revealed to have Benefited from Federal Small Business Loan Program
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… Read More ›
Joe Biden Rejects Idea of Defunding Police, Wants to Give them $300 Million Instead
Presumptive Democratic Presidential Nominee Joe Biden has published an opinion essay arguing against calls from around the country to defund police.
In the essay, Biden advocates giving police departments “an additional $300 million to reinvigorate community policing in our country.”
Report: US Billionaire’s Wealth Has Increased by over Half a Trillion During Covid-19 Pandemic
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.
Study: Less than 1/3 of Unemployed Americans Received Benefits in March
New startling data reveal than just 29% of the unemployed in the U.S. received benefits in the month of March. Payment rates varied among states. In the worst state, Florida, only 7.6% of claimants received benefits.
Jeff Bezos is Over $30 Billion Richer Amid 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.
“WHAT THE ACTUAL F***??” Abigail Disney calls out Disney for Cutting Pay for 100,000 Workers
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.
Economic Left 