To grasp the sheer magnitude of U.S. economic inequality in recent years, consider its two major stock market indices: the Standard and Poor (S&P) 500 and Nasdaq. Over the last 10 years, the values of ...
According to the IMF, the COVID-19 related economic downturn of 2020 is the world’s worst since the Great Depression. On April 14, the International Monetary Fund released a grim outlook for 2020, making the COVID-19 ...
“The scale of the economic catastrophe is breathtaking.” (By: Jessica Corbett, Common Dreams) In a development described as “absolutely staggering,” the U.S. Department of Labor announced Thursday that 6.6 million Americans filed unemployment claims last ...
“A portrait of disaster. Unemployment insurance claims for the last two weeks are mind-blowing.” (By: Jake Johnson, Common Dreams) The U.S. Department of Labor announced Thursday that 6.6 million Americans filed jobless claims last week, ...
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