Federal regulators bailed out Silicon Valley Bank after its historic collapse. But they offered no such rescue to the low-income communities to which the bank had pledged an $11 billion community benefits agreement.
Despite the silver lining of green energy initiatives, Canada’s most recent federal budget does little for the country’s working people. In this, it stays consistent with the Liberal Party’s determination to throw its working-class constituents overboard.
Even a year ago, the idea that corporate price gouging played a major role in the inflation crisis was a crazy, left-wing talking point. Now it’s the claim of central bankers and mainstream economists.
In his new book, Ron DeSantis presents himself as a blue-collar kid who hates elites. But the truth is, DeSantis doesn’t oppose elite rule — this Ivy Leaguer simply wants a different set of elites like himself to rule over the rest of us.
On Friday, France’s Constitutional Council upheld Emmanuel Macron’s deeply unpopular pension reform. The move shows the bankruptcy of a constitution that puts only minimal checks on the president’s power.
Long-haul trucking used to be a stable, high-paying job. But thanks to decades of deregulation and pressure from bosses, truckers now have to work grueling hours for little pay, in conditions that put them and everyone else on the road in serious danger.
Martin Wolf, chief economics commentator for the Financial Times, recognizes that the neoliberal model he once celebrated is in deep crisis. But Wolf can’t get to the heart of the problems with contemporary capitalism or offer a meaningful solution for them.
In spite of the frequent lip service they pay to human rights and peace, Justin Trudeau’s Liberals have yet to find an antidemocratic Gulf state to which they won’t sell arms. Qatar is the newest potential client being wooed for Canadian-made weapons of war.
Michigan’s repeal of its “right-to-work” law could be a huge boon to labor — not because of the technicalities of the law itself, but because the entire country is hearing the message that the state will not tolerate flagrant union busting.
The scandal of Clarence Thomas accepting enormous gifts from billionaire Harlan Crow is a reminder of just how little mass support the Right has. Take away the rich financiers and there’s not much of a conservative movement to speak of.
Congressional progressives, including Rep. Alexandria Ocasio-Cortez, have defended their railroad strike vote by pointing to rank-and-file support. Here, Railroad Workers United clarifies the group has always unequivocally opposed denying railworkers their right to strike.