A report published on Monday by Oxfam claimed that “carbon inequality” – meaning “the emissions of the world’s super-rich 1%” – is “causing economic losses of trillions of dollars, contributing to huge crop losses, and leading to millions of excess deaths.”
India’s Prime Minister Narendra Modi declared victory in the 2024 election on Tuesday night, but he will enter his third term with greatly reduced parliamentary support from his Bharatiya Janata Party (BJP), which performed well below expectations.
After taxes, median real income fell 8.8 percent last year.
The richest billionaires in the United States grew their wealth by more than $340 billion over the last year, while the wealth held by the American middle class shrinks.
Multinational sportswear corporation Nike is among at least 26 corporations that have paid zero dollars in federal income taxes since 2018, a new report details.
The world’s ten richest people, including Bill Gates, Elon Musk, and Jeff Bezos, have seen their collective wealth grow by $500 billion since the beginning of the coronavirus, according to a report.
Lower- and middle-income Americans were the big winners from President Donald Trump’s first-term economy, according to a report by the Federal Reserve banking system.
Officials with the federally-owned Tennessee Valley Authority (TVA) say they are reviewing CEO Jeff Lyash’s $8 million salary following scrutiny from President Trump.
Sen. Bernie Sanders (I-VT) rolled out another aggressive tax proposal on Monday as he aims to address “income inequality” by taxing companies that demonstrate “large gaps between their CEO and median worker pay.”
House Democrats will hold a hearing Tuesday on the alleged “racial and gender wealth gap” in America.
Sen. Bernie Sanders (I-VT) took another dive into the hip-hop world and sat down for an interview with rapper a longtime supporter Michael “Killer Mike” Render and said he’s challenging President Donald Trump’s worldview of robbing, stealing, and cheating one’s way to the top.
The middle class in Chicago is “almost gone,” new research finds, as the vast majority of residents are either wealthy professionals or working-class residents living paycheck to paycheck.
In an op-ed published by the Washington Post last week, law professor Feng Xiang of Tsinghua University predicted that artificial intelligence technology will usher in the final triumph of socialism and the “end of capitalism.” The essay offers valuable insights into the ideological war China will wage against the United States in the coming decades, arguing that its system of authoritarian central planning is economically, socially, and morally superior to free-market capitalism.
CNN noted on Monday that Hong Kong residents seeking to emigrate from the island after 20 years of Chinese control now comprise almost 40 percent of the population and 57 percent of those are under 30 years of age.
Former President Barack Obama spoke to the Chamber of Commerce in Montreal on Tuesday, warning against income inequality and the concentration of wealth—remarks from a man who reportedly commanded $400,000 a speech, or $7,700-a-minute at that rate, for his Canadian speech.
The people of the world’s poorer nations are catching up with the people of the wealthier nations.
Fresh from the outrageous conviction of Jakarta’s governor on trumped-up blasphemy charges, the leader of an influential Indonesian Islamist organization is targeting ethnic Chinese citizens and their money next.
During an interview with Senator Elizabeth Warren (D-MA) on Wednesday’s “MSNBC Live,” anchor Stephanie Ruhle asked Warren “you guys were in power for the last eight years. Why is it that it didn’t work for those good Americans you were
During Saturday’s Weekly Address President Obama stated that while there has been “good progress” in the economy, “too many working folks still feel left behind” and wondered, “Do we want a future where inequality rises as union membership keeps falling
McKinsey & Company was one of the biggest advocates of globalization, but the company just published a report warning that with incomes for two-thirds of households in 25 advanced economies flat or down between 2005 and 2014, advanced countries are about to suffer “corrosive economic and social consequences.”
A new study documents that “regulatory drag” has eliminated about a third of economic growth in America since 1980, and explains why the top one percent’s inflation-adjusted share of income has tripled, while the middle class has lost income.
The anonymous source for the “Panama Papers” leak – described by the International Consortium of Investigative Journalists as a “whistleblower,” although the Mossack Fonseca law firm of Panama would say “thief” is a better word – has written a lengthy manifesto, reprinted in full by the ICIJ.
Secretary of Labor Tom Perez said that while the economy has made “tremendous progress” “the rising tide needs to lift all the boats, not just the yachts” and “our economy is still out of balance” on Friday’s broadcast of HBO’s “Real
Yes, the past always repeats itself. In our first installment, we saw how, in the 18th century, the English aristocracy went about clearing the peasants off of valuable land. To be sure, everything that the aristocrats did was legal — of course it was, because the gentry wrote the laws.
“What I want to say today and what I want my countrymen to hear is that as an intellectual I have never wanted anything other than social justice for my country,” 84-year-old Khieu Samphan told a courtroom on Wednesday. “I shall shout loudly that I never wanted to agree to any policy that is against the Cambodian people.”
It’s that time of year for the annual World Economic Forum in Davos, Switzerland, which means it’s also time for the usual left-wing, class-envy triathlon event.
On Sunday, with Martin Luther King Day right around the corner, George Stephanopoulos of ABC News asked Donald Trump what he would say to Americans, especially African-Americans, who believe Dr. King’s dream has not been achieved.
Democratic presidential candidate Bernie Sanders — an avowed socialist — lauded President Obama’s 2016 State of the Union address on Tuesday night before aligning himself with the President, taking a shot at fellow candidate Hillary Clinton for “wealthy and powerful” special interest financial backers, and drawing attention to Clinton’s “income inequality” inexperience.
Half of America’s children have a parent with a criminal record, creating many “barriers to opportunity” for parents and children, says the liberal Center for American Progress.
Three radical feminist lawyers from the UN visited the United States for ten days, ending December 11. Sent as investigators of the UN Working Group on discrimination against women, their report shows they are not very happy.
New York’s Top Democrats have identified the causes of the mass opposition to illegal immigration and Syrian resettlement: Anger, fear, and Ronald Reagan’s 1980 election.
We all know what the standard liberal snake-oil response to stagnant wages is: job-killing minimum wage hikes, which also tend to be a big part of the reason income increases grow scarce in the workplace, producing the understandably frustrating wage stagnation people complained about to the NELP researchers and the New York Times. Nothing kills upward mobility for lower-income workers deader than high minimum wages and mandated labor costs like ObamaCare.
The U.S. ambassador to the Vatican said that during Pope Francis’ visit to the United States next month, he expects the Pope will urge the U.S. to embrace its history of welcoming immigrants.
Democrat presidential contender Sen. Bernie Sanders (I – VT) has taken his campaign into the realm of virtual reality.
AJ Kern—“a politically engaged resident of Sauk Rapids” who publishes a column for the St. Cloud Times (SCTimes)—recently argued that worker visas and the Trade Pacific Partnership (TPP) threaten American workers.
Gould reveals that changes in wages, employment, and income inequality have been impacted by the shifts in manufacturing, immigration and trade, and concludes that an area already being hit by a decline in manufacturing will be see more inequality if there is more low-skilled immigration.
Socialist mayor of New York City Bill de Blasio told students at Santa Clara University that income inequality has gotten so bad in America that its effects could usher in a second Great Depression.
Much of the black community in America is dying, which is the “death,” and lacking true leadership and solutions across a wide range of issues, which is the “dearth.”
Vermont Sen. Bernie Sanders will announce his plans to seek the Democratic nomination for president on Thursday, presenting a liberal challenge to Hillary Rodham Clinton.
Hillary Clinton is testing out a pair of campaign themes ahead of her likely entry into the 2016 race for the White House. One theme is a bow to the attack she is getting from left-wing Senator Elizabeth Warren.
