News Release Category: Economy and Business
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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…
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G7’s Minimal Corporate Tax Proposal; Case for a Financial Transaction Tax
The signers write that while they “applaud the G7’s support for a minimum global corporate income tax (CIT) rate for multinational corporations,” the G7’s “current proposals would do little for poorer countries. Indeed, they would actually reinforce the unfair bias of international tax rules in favor of the richest countries, which host most of these…
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How Worker Co-Ops Weathered COVID-19 by Prioritizing People Over Profits
Noor added: “Worker cooperatives distribute decision-making power, profits and risk. Data indicates that during the pandemic, worker cooperatives were less likely to lay off staff and often pivoted their business models so they could continue to operate while protecting their workers and the public. The country’s largest co-op, Cooperative Home Care Associates, partnered with textile…
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Biden $750 Billion Pentagon Budget Called “Excessive”
“Continued spending on unnecessary weapons systems like a new Intercontinental Ballistic Missile ($2.6 billion) and the troubled F-35 combat aircraft ($12 billion) represent budgetary and policy malpractice, diverting billions of dollars from other urgent national priorities. …
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Is a Network of Donors Neutralizing Peace Activism?
Hoh tells Lindorff that while he has no inside information about the funding policies of the funding consortium or its members, “The assumption that the big peace and national security funding groups are taming the peace movement is a correct one.” He explains: “When you have a bunch of organizations in a group like that,…