Amazon CEO Jeff Bezos smashed records on Monday adding $13 billion to his fortune in a single day.
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.
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.
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.
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 ›
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.”
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.
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.
As of 4/27, the billionaire mogul’s net worth was $144 billion, up from $113 earlier in the month — a 27% increase.
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.