News Release Category: Economy and Business
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Billionaires Promised to Give Away Half Their Wealth, Instead, They Doubled it
Aug 4, 2020 is the 10th anniversary of the “Giving Pledge,” started by billionaires Bill Gates and Warren Buffett.
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The Billionaire Behind Efforts to Kill the U.S. Postal Service
“The COVID-19 pandemic has pushed the already-struggling U.S. Postal Service to the brink of financial collapse. But the most trusted and popular institution in America hasn’t been struggling by accident… Since the 1970s, a concerted effort to popularize the fringe idea of privatizing the Postal Service has been advanced for nearly five decades with the…
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How Behemoth BlackRock Rigs Finance
While the public was distracted with protests, riots and lockdowns, BlackRock suddenly emerged from the shadows to become the ‘fourth branch of government,’ managing the controls to the central bank’s print-on-demand fiat money.
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Billionaires Deforming Education?
We must heed the growing body of research and support communities and civil-rights organizations in their calls for a more accurate and nuanced understanding of the problems facing our schools, a retreat from failed ‘reforms,’ and better solutions.
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Lack of Union Jobs “Obliterated an Emergent Black Middle Class”
As a new generation has taken to the streets with demands for social transformation, we need to look back a half century to a time when the quest for equal employment opportunity gave rise to an African American blue-collar middle class. During the 1960s and 1970s, blacks with no more than high-school educations gained significant…
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Workers Line up for Unemployment; Billionaire Wealth Skyrockets
“The surge in billionaire wealth and pandemic profiteering undermines the unity and solidarity that the American people will require to recover and grow together, not pull further apart.”
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Challenging Monuments to “Colonialism and Slavery”
“As the movement for black lives protests against police violence … has spread to every part of the United States and around the world, some have turned to the glaring public symbols of the history that empowers such violence — colonialism and slavery.
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Statues Tumble
“Congo today still suffers from the legacy of its ruthless colonization, and some modern corporations — Unilever, for instance — have roots that go back to the forced labor system founded by Leopold. And in so many ways, in Britain, the United States, and other countries, we are still dealing with the heritage of slavery.”
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Pandemic “Billionaire Bonanza” Swells as Unemployment Escalates
“While millions risk their lives and livelihoods as first responders and front line workers, these billionaires benefit from an economy and tax system that is wired to funnel wealth to the top.”