Defeat Trump Public date: 16.10.2020 21:22:36

Publisher: NYTimes

Author:

6 Oct 2020

Jerome Powell, Fed Chair, Says Economy Has ‘a Long Way to Go’ as Trump Calls Off Stimulus Talks

Donald Trump is ignoring warning from chairman Powell regarding a dire need for economic stimulus to rescue the American economy and has called for suspension of talks until after the election with the stipulation that he will help if he wins.
Donald Trump is ignoring warning from chairman Powell regarding a dire need for economic stimulus to rescue the American...
Tags:
99 percent, economy
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Publisher: Washington Post

Author:

13 Aug 2020

The coronavirus recession is over for the rich, but the working class is far from recovered

U.S. stocks are hovering near a record high, a stunning comeback since March that underscores the new phase the economy has entered: The wealthy have mostly recovered. The bottom half remain far from it.
U.S. stocks are hovering near a record high, a stunning comeback since March that underscores the new phase the economy...
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99 percent, economy
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Publisher: Washington Post

Author:

4 Jun 2019

The average millennial has a net worth of $8,000. That’s far less than previous generations.

Millennials are doing far worse financially than generations before them, with student loans, rising rents and higher health-care costs pushing the average net worth below $8,000, a new study shows. The net worth of Americans aged 18 to 35 has dropped 34 percent since 1996, according to research released Thursday by Deloitte, the accounting and professional services giant.
Millennials are doing far worse financially than generations before them, with student loans, rising rents and higher...
Tags:
99 percent, economy
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Publisher: MarketWatch

Author:

2 Feb 2019

It’s official: The Trump tax cuts were a bust

Lower taxes helped goose profits and stocks, but did little for jobs or the economy. Yet right before Congress passed the Tax Cuts and Jobs Act in December 2017, President Trump proclaimed: “It’ll be fantastic for the middle-income people and for jobs."
Lower taxes helped goose profits and stocks, but did little for jobs or the economy. Yet right before Congress passed...
Tags:
99 percent, economy
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Publisher: Washington Post

Author:

20 Dec 2018

Trump administration aims to toughen work requirements for food stamp recipients

The Trump administration unveiled a plan Thursday to force hundreds of thousands more Americans to hold jobs if they want to keep receiving food stamps, pursuing through executive powers what it could not achieve in Congress.
The Trump administration unveiled a plan Thursday to force hundreds of thousands more Americans to hold jobs if they...
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99 percent, economy
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Publisher: Washington Post

Author:

4 Oct 2018

Steel is surging under Trump. Will workers benefit?

When President Trump imposed tariffs on steel imports in June, Richard Lattanzi thought of dozens of his fellow steelworkers who have for years put off badly needed repairs of their cars and homes. But as President Trump has pressed his steel tariffs, Trump has declared that the industry is “being rebuilt overnight.” But the question facing the rank and file is whether the controversial policy — which has raised the price of inputs for many American companies and alienated allies — will translate into higher wages and better benefits.
When President Trump imposed tariffs on steel imports in June, Richard Lattanzi thought of dozens of his fellow...
Tags:
99 percent, economy
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Publisher: Washington Post

Author:

10 Aug 2018

In America, wage growth is getting wiped out entirely by inflation

Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the middle class and working class. Cost of living was up 2.9 percent from July 2017 to July 2018, the Labor Department reported Friday, an inflation rate that outstripped a 2.7 percent increase in wages over the same period.
Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated...
Tags:
99 percent, economy
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Publisher: ThinkProgress

Author:

25 Dec 2017

Sessions revokes dozens of guidance documents that protect marginalized communities

Attorney General Jeff Sessions announced Thursday that he would rescind 25 Justice Department guidance documents on a variety of topics aimed at protecting marginalized communities. The documents — many of which were released during the Obama administration — include procedures to help eliminate fees against juvenile offenders, standards outlining discrimination protections for disabled individuals and for people seeking U.S. citizenship, and an overview of housing discrimination practices.
Attorney General Jeff Sessions announced Thursday that he would rescind 25 Justice Department guidance documents on a...
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99 percent, governance
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