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Finance and the Economy

Rising Gasoline Prices Lead Inflation Surge In March

April 12, 2026 Masao Suzuki, Fight Back! News. , , , ,
On Friday, April 9 the Bureau of Labor Statistics released their report on consumer prices for March. The Consumer Price Index, or CPI surged 0.9% in March, three times as high as the price increase in February. The increase in consumer prices over the past year shot up from 2.4% in February to 3.3% in March. This year-over-year inflation rate is up by a whole percentage point from 2.3% last March, just before Trump’s “Liberation Day” tariffs. The rise in prices was led by gasoline, up 21.2% in March. While the prices for consumer goods and services other than food and energy, or the so-called “core inflation rate” only ticked up 0.2% in March, the rise in fuel prices started to spill over into other goods and services.

US Wartime Economy: Bombshell Layoffs, Exploding Oil Prices

March 11, 2026 Steve Gillis, Workers World. , , , ,
It is often claimed by bourgeois economists, historians and politicians that endless war has been good for the U.S. capitalist economy, providing jobs in weapons production and the rebuilding of what U.S. bombs destroy. For example, the high school and college textbook “America’s History” (2011) argues throughout its telling of every war — from the 19th-century Civil War to the 1940s World War II, from the 1960s and 1970s slaughter in Vietnam to the 1991 and 2003 “shock and awe” bombings and occupation of Iraq — that U.S. wartime economies turned domestic capitalist economic recessions and depressions into general boom times for the population.

Infrastructure, Finance, And The Sale Of The Future

March 10, 2026 Bart Hawkins Kreps, Resilience. , , ,
Imagine yourself as a housing developer – an entrepreneur, a big-time player, a real deal-maker. Your people devise a plan to borrow money, buy land, design and win approval for a new subdivision, and sell 1,000 new housing units. Then, perhaps years before the houses are completed and decades before the initial mortgages are repaid, you sell your shares in the venture for a tidy profit. A neat trick, this, cashing in today on bills that others will pay long into the future. You have become wealthier, but have you been a “wealth creator”? For that matter, are you contributing to “economic growth”?

Trump’s Deportation Crackdown Is Hurting Tourism

March 3, 2026 Mark Kreidler, Scheer Post. , , ,
At the Universal Studios Hollywood theme park near Los Angeles, food service worker Sam Nassar doesn’t need a corporate earnings call to know that tourism is down, including among international visitors. He can see it inside the park — and in his schedule and paycheck. “Since the start of last year, we’ve definitely seen a huge dip in attendance,” said Nassar, 39, who works primarily at the Wizarding World of Harry Potter area of the park. “My hours have been cut anywhere from 30% to 50%.” Nassar has used a second job as an in-home caregiver to make ends meet, but he wonders about the year to come.

Trump’s Economy Is Hurting Americans

February 28, 2026 C .J. Polychroniou, Truthout , , ,
President Donald Trump is boasting about the economy one year into his term. He claims that inflation has been defeated, growth is unprecedented, incomes are rising, and his tariffs are generating hundreds of billions for the U.S. economy. This is all hogwash, according to progressive economist Gerald Epstein, a leading global authority on macroeconomic policy and finance. In the exclusive interview for Truthout that follows, Epstein explains how, in reality, Trump’s policies have created an affordability crisis, and the growing deficit and humongous public debt are now bringing the country close to a tipping point.

Workers Of The Data World, Unite

January 31, 2026 Arnie Saiki, Decolonize Accounting. , , ,
This is a call for Marxists to begin to treat accounting as more than a technocratic background. I would argue that the most powerful battlefield of economic governance is in the field of accounting and its intermediaries. A 21st-century Marxist approach has to include accounting. For those who have been following our call for stronger civil society engagement in the revision of the UN System of National Accounts, including critiques of the SEEA and the SDG framework, this is the argument. National accounting may look technical and administrative, yet it is foundational. It determines what an economy is allowed to “see,” what states are expected to optimize, and what becomes eligible for finance, compliance, and enforcement.

The Global South Needs Productive Employment

January 30, 2026 Vijay Prashad, Tricontinental Institute for Social Research. , , ,
On India’s 79th Independence Day, in August 2025, Prime Minister Narendra Modi devoted his speech to Viksit Bharat 2047 (Developed India 2047) and announced a National Manufacturing Mission. The mission, he said, must ‘reduce import dependence and strengthen economic resilience’ in sectors ranging from aerospace to artificial intelligence. He urged India’s twenty-eight states, eight union territories, and the central government to identify 100 ‘priority products’ for domestic manufacturing and added that state governments should streamline regulations and approvals, ‘especially with respect to land, utilities, and social infrastructure’, in order ‘to attract global companies’.

Standing Tall: Venezuela’s Delcy Rodríguez Condemns US Aggression

January 16, 2026 Orinoco Tribune. , , ,
Acting Venezuelan President Delcy Rodríguez has delivered a message of unity and dignity during the presentation of her Annual Message to the Nation. In her speech, she detailed the political, economic, social, and administrative achievements of President Nicolás Maduro’s administration throughout 2025, reiterating that he remains the leader of Venezuela and Chavismo. “There is a stain on our relations, because they have crossed the red line,” the Chavista leader stated this Thursday, January 15. “They attacked, assaulted, killed, invaded, and kidnapped President Maduro and our first lady.

Jobs, Factories, And Inequalities

January 6, 2026 Frank Stricker, Dollars and Sense. , , ,
In the Bureau of Labor Statistics’ Employment Situation for November, the official unemployment rate was 4.6%. That level is not particularly high by conventional standards. However, the rate has been creeping up. Furthermore, the National Jobs for All Network’s Full Count of this unemployment number, which includes more people who need and want jobs, is much, much higher at 10.9%. Even the official numbers for specific categories, which are undercounts, are still quite high. The African-American rate was 6% not too long ago; in November it had risen to 8.3%.

Keeping Power Utilities In Corporate Hands Doesn’t Make Sense

December 31, 2025 Liza Featherstone, Portside. , , ,
All over the country, Americans are struggling to pay their utility bills. In the Hudson Valley, the situation is particularly dire, with some ratepayers coping with surprise monthly bills of thousands of dollars. It doesn’t have to be that way, according to the region’s democratic socialists, who are leading a fight to lower prices. A bill introduced by Sarahana Shrestha, a democratic socialist assemblywoman in Assembly District 103 in the Mid-Hudson Valley, and her state senate colleague, Michelle Hinchey, calls for a state takeover of the utility company serving the area.

Too Big To Heal

December 28, 2025 Helen Santoro and Joel Warner, Portside. , , ,
America’s health care spending is so out of control that the country’s economy is becoming dependent on it. According to a report released today by the U.S. Department of Commerce, economic growth swelled in the third quarter of 2025. While that’s theoretically good news, an ever-larger share of that consumer spending is devoted to health care costs: Over the previous three months, expenditures on health care increased more than on any other goods or services. Health care spending, in fact, contributed more to the country’s gross domestic product growth than any other personal expenses.

US Economy Becoming Highly Dependent On New, Untested AI Industry

December 18, 2025 C. J. Polychroniou, Truthout. , , , , ,
Over the last few years, artificial intelligence (AI) has become extremely popular in Silicon Valley and is widely regarded as the most transformative technology in the 21st century. In fact, it is already reshaping sectors like education, transportation, finance, health care, media, and telecommunications. Indeed, it is estimated that about 60 percent of jobs in advanced economies may be impacted by AI, which means that it could affect economic growth, employment, and wages. As a result, investment in AI is booming across industries, echoing the late-1990s dot-com era, with investors pouring billions into AI in the hope for a big payday.

Venezuela Is Undergoing A Total Functional Economic Transformation

December 15, 2025 José Negrón Valera, Orinoco Tribune. , , , ,
Venezuelan President Nicolás Maduro recently highlighted the role of the National Council for Productive Economy in driving the growth of a new, self-sustaining economy. During a meeting on Friday, December 13, which brought together the government, the banking sector, and representatives of the country’s main business chambers, he presented the year-end gross domestic product (GDP) growth forecast of 9%, surpassing the Economic Commission for Latin America and the Caribbean (ECLAC) projections and marking 18 consecutive quarters of sustained economic growth.

Unable to Squeeze Another Dime From Black People, Subprime Economy Runs Aground

November 27, 2025 Jon Jeter, Black Agenda Report. , , ,
Among the most exploited South Africans during 48 years of white minority misrule were the vineyard workers who were often paid with daily rations of wine to supplement their pitiful wages. Known as the “dop”—Afrikaans slang for “drink”—the practice was outlawed in 1960, but it was only after voters of all races went to the polls to abolish apartheid 34 years later that the Black majority government began to enforce the ban. In late 2000, I went to South Africa’s wine-growing region in the Western Cape to interview a white attorney who had recently purchased a vineyard in the hopes of fulfilling his lifelong dream of producing award-winning wines.

From Coast To Coast, The Public Banking Movement Grows

November 25, 2025 Marco Rosaire Rossi, The Raven. , , ,
After years of being considered a niche concept, relegated to a few academic articles and zealous activists, the idea of public banking is about to hit the mainstream. From coast to coast, 2025 witnessed a blossoming of support for public banking, especially on the local level. Not only did several activist groups hold conferences to drum up support for public banking, but numerous municipalities took concrete actions to inch closer to creating their own public banks, and politicians who supported public banking achieved historic victories during the most recent election.
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