News Release Category: Capitalism
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Report: $21 Trillion Financial Cost of Militarization Since 9/11
Program director of the National Priorities Project, Koshgarian is co-author of the just released report: “State of Insecurity: The Cost of Militarization Since 9/11,” which states: “Over the 20 years since 9/11, the U.S. has spent $21 trillion on foreign and domestic militarization. “Of that total, $16 trillion went to the military — including…
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Global Billionaires See $5.5 Trillion Pandemic Wealth Surge
“The world’s billionaires have seen their wealth surge by over $5.5 trillion since the beginning of the pandemic in March 2020, a gain of over 68 percent. The world’s 2,690 global billionaires saw their combined wealth rise from $8 trillion on March 18, 2020 to $13.5 trillion as of July 31, 2021, drawing on data…
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Will Wall Street Eat Away at Biden Infrastructure Spending?
“Now private equity is going to try to feed at the public trough again in the coming infrastructure legislation that Democrats want to pass via reconciliation. That will be yet another fight with Wall Street in the fall, even as progressive lawmakers prepare for a broad reform of private equity known as the Stop Wall…
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First Sign of Normalcy: Ramp up Evictions
“The current eviction protections in New York State, enacted through the COVID-19 Emergency Eviction and Foreclosure Prevention Act (CEEFPA), protects most tenants from eviction, but only if they submit a hardship declaration form. These state protections are set to expire on August 31 and must absolutely be extended to prevent a health and homelessness crisis.
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Public Banking Gaining Traction in California
“The emerging California public banks have the potential to address a host of economic, social, and ecological crises, and public banking efforts across the country are looking to California’s cities and regions to lead the way. State and local governments need public financial infrastructure to recapture the public’s money being extracted by private banks and bond…
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Is Big Pharma’s Dominance Through Bayh-Dole Act Finally Getting Scrutiny from Biden?
STAT News in “Biden’s executive order would pause a Trump rule forbidding march-in rights to lower drug costs” reports: “In a little-noticed move, the Biden administration has hit the pause button on a rule that would prevent the federal government from using a controversial legal provision for combating the high prices of products developed with taxpayer…
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“The Terrible Origins of July 4th”
Kimberley explains the context: “The men who every school child is taught to think of as ‘patriots’ had two concerns which pushed them to declare independence. First, in 1763 the British emerged victorious after the end of a conflict against France. It was known in Europe as the Seven Years War and in America as the…
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The Case for a National Infrastructure Bank
a href=”https://accuracy.org/release/the-case-for-a-national-infrastructure-bank/”> “Even if approved, the BPP will not be enough to cover the full infrastructure financing gap identified by the American Society of Civil Engineers. ASCE estimates that $2.6 trillion is needed over 10 years, far greater than the $579 billion of new money over five years suggested under the BPP.” The group states…
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Can We Really Build Infrastructure When Wall Street Games the System?
He adds that without regulations on stock buybacks the Biden infrastructure plan will simply send large sums of money to companies that will go right out the door into stock buybacks, just as happened with the Trump taxcuts. To ‘build back better’ the companies need to invest the money in their products and…