US Firms Shield CEO Pay As Pandemic Hits Workers, Investors

By Jessica DiNapoli and Ross Kerber, Reuters. -

New York/ Boston - Sonic Automotive Inc (SAH.N), which operates 95 U.S. car dealerships, started laying off and furloughing about a third of its workforce as the coronavirus pandemic crushed its [...]

Capitalism’s ‘Dirty Little Secret’

By Gabrielle Pickard-Whitehead, -

At a time when wealth is concentrated in the hands of a tiny elite, maintaining comfortable living standards for the majority requires reliance on abundant borrowing. Too much lending, as we [...]

Mutual Aid In Public Housing Continues After Housing Authority Pushback

By Sarafina Harper, The Real News. -

In early April, Baltimore City’s Housing Authority threatened Reverend Annie Chambers with arrest and eviction for distributing food to her neighbors at Douglass Homes, citing a policy barring [...]

Corporate Landlords Should Cancel Rent, Mortgages And Utlities During COVID-19

By Sophia Lopez and Sarah Mykelburst, ACRE Action Center. -

While so many of us struggle to survive, some of the richest billionaires in the world dominate the residential real estate industry in the United States. These corporate landlords are companies [...]

Home Mortgage Delinquencies Rise By 1.6 Million In April

By Tal Axelrod, The Hill. -

Delinquencies on home mortgages spiked by a record amount last month as the coronavirus pandemic’s economic fallout continued to explode and government programs began allowing payment delays [...]

Another Bank Bailout Under Cover Of A Virus

By Ellen Brown, Web of Debt. -

When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks failed, they would be [...]

The Pandemic Has Shown That We Need A Public Option For Banking Services

By Raúl Carrillo, -

As marginalized families without bank accounts struggle to get stimulus checks, it's time to fix the rusty pipes of our inequitable financial system. The COVID-19 pandemic response has shown [...]

Payday Report: Strikes Spread And Union Organizing Grows

By Mike Elk, Payday Report. -

The strikes in the Yakima Valley of Washington State continue to grow. Workers are already on strike at 7 major sites, and now they’re expected to strike on at least 6 more major sites this [...]

Racial Health And Economic Disparities Are Two Sides Of The Same Coin

By Dedrick Asante-Muhammad and Sally Sim, Inequality. -

In Baltimore, like in the rest of the United States, Covid-19 exacerbates racial inequality and economic marginalization. The legacy of discrimination and the continued corruption and [...]

The Great Potato Giveaway

By David Ryder and Christopher Walljasper, Reuters. -

Auburn, Washington - When Tina Yates pulled her truck up to a mall in western Washington state on Thursday, workers waved her past hundreds of cars waiting to pick up free russet potatoes. “You [...]

US Retail Sales Plunged A Record 16% In April

By Josh Boak and Anne D'Innocenzio, AP News. -

Baltimore, MD - U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the [...]

As Corporations Adapt To A COVID-19 Economy, The Working-Class Prepares For A Paradigm Shift

By Raul Diego, Mintpress News. -

For the vast majority of us, the move to a completely digital economy represents an even more unfair deal than we already have as low-level participants in a billionaires’ economy. When Elon Musk [...]

Scheer Intelligence: Big Banks Got The Sweetest Deal From The Covid-19 Bailouts

By Robert Scheer, Popular Resistance. -

It’s been over a decade since the 2008 banking meltdown, and yet many Americans are still living with the consequences of the financial crisis and the Obama administration’s decision to bailout [...]

#GeneralStrike2020: How To Participate

By Popular Resistance. -

This prolonged and broad campaign will organize around a list of basic demands, as outlined here. Not on the list, but included is the demand to save the US Postal Service. The campaign will [...]

The Established Order Has Never Been Weaker

By Cam Fenton, Waging Nonviolence. -

All around the globe, governments are starting to move forward with reopening plans that lift some degree of COVID-19 social distancing. With that comes talk of recovery and rebuilding. While [...]