Economy

The Case for Abolishing Student Debt with Legal Strategist of Debt Collective

BreakThrough News
A federal appeals court temporarily blocked the Biden administration’s partial student debt relief program less than a week after the application portal went live. The debt relief program, which tackled a small portion of the total $1.8 trillion worth of student debt loan in place, immediately faced right-wing attacks upon...

Europe Self-Destructing for U.S. Proxy War In Ukraine, with Prabhat Patnaik

BreakThrough News
When the war in Ukraine began, Western officials bragged that they were going to “turn the ruble into rubble” and bring Russia to its knees. Seven months later, as the war and sanctions drag on with no end in sight, it’s the Euro that is turning to rubble and Europe...

Federal Reserve Was Set Up to Protect Wall Street Not ‘The Economy’: How It Works

BreakThrough News
The following is a lightly edited transcription from The Punch Out with Eugene Puryear, a daily news podcast that comes out Monday through Friday, 5pm ET. Subscribe here.   The Federal Reserve: we’ve all heard about it, most of us know it has a lot of power, but beyond that what...

Fed to Induce Recession: Serious Pain Ahead for Workers

Eugene Puryear
The following is a lightly edited transcription from The Punch Out with Eugene Puryear, a daily news podcast that comes out Monday through Friday, 5pm ET. Subscribe here. Almost every major economic commentator is now predicting a recession in the United States in the second half of the year —...

Sky-High Gas Prices Are the Cost of Wall Street Domination, Not Supply and Demand

Eugene Puryear
The following is a lightly edited transcription from The Punch Out with Eugene Puryear, a daily news podcast that comes out Monday through Friday, 5pm ET. Subscribe here. Major oil and gas companies are swimming in cash right now due to the increase in oil prices that began with the...

India Walton: ‘By Executive Order, Biden Could Wipe Out Student Debt Right Now, Today’

BreakThrough News
Student loans are one of the largest forms of debt for Americans, despite the country needing its residents to be educated to run society. President Biden promised to forgive student debt, and could do so through an executive action, but as of now has yet to do so. Former socialist...

German Activist: We Don’t Want Our Gov’t Sending Weapons to Ukraine

Eugene Puryear
The U.S. press has berated Germany for not agreeing to send weapons to Ukraine to use against Russians. Reiner Braun, activist & executive director of the International Peace Bureau, explains the history that now imbues mass anti-war sentiment in Germany.

Amid backlash World Economic Forum launches “Global Center for Urban Transformation” in Detroit

Monica Cruz
Activists say city is “model for urban destruction” thanks to big banks and billionaire capitalists like those who attend the WEF Protestors rallied in downtown Detroit to protest the opening of the World Economic Forum’s “Global Center for Urban Transformation.” The World Economic Forum (WEF) is a non-governmental lobbying group...

Amazon workers in 20 countries to strike and protest on Black Friday

Monica Cruz
From South Africa to Italy, workers will be demanding a livable wage, defending their right to unionize and more On Friday, Amazon workers in at least 20 countries will stage strikes and protests as part of a day of action coordinated through the global Make Amazon Pay coalition. “Black Friday,”...

Puerto Rico faces another disastrous bankruptcy deal

BreakThrough News
A New York federal judge is set to rule on a plan to restructure almost half of Puerto’s Rico’s debt in the coming weeks. The Financial Oversight and Management Board, an undemocratically elected fiscal control board commonly called “la junta”, came to an agreement on the plan with the holders...
Load More