Economy

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Trump Is Furious That His Tariffs Are Doing Exactly What Economists Said They’d Do

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After President Donald Trump announced last month that the United States would impose a baseline 10-percent tariff on much of the world—with far higher rates for a set of other countries—economists warned that consumers would feel the impacts on a variety of products, including groceries, coffee, and cars. But the Trump administration has tried a whole range of […]

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The U.S. Just Lost Its Perfect Credit Rating Thanks to Trump’s Tax Cuts

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On Friday evening, Moody’s downgraded the United States’ overall credit-rating—from the highest level of AAA—to one notch lower, AA1, based on years of rising debt and Donald Trump’s tax cut plan, which the non-partisan Committee for a Responsible Budget has calculated could add $2.5 trillion more in debt. The rating is important because it is […]

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She Left Her Abuser. Why Is She Still Paying for His Credit Card Debt?

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One day, Sarah Ortiz bought a sweater at Target. She knew money was tight. She had just moved across the country from California to Massachusetts with her two toddlers and husband to seek costly, specialized medical care for one of her boys. But, Ortiz thought, it was just $25. And she needed a new sweater. […]

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She Left Her Abuser. Why Is She Still Paying for His Credit Card Debt? Read Post »

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She Escaped Her Abuser. But Not Before He Buried Her in Debt.

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One day, Sarah Ortiz bought a sweater at Target. She knew money was tight. She had just moved across the country from California to Massachusetts with her two toddlers and husband to seek costly, specialized medical care for one of her boys. But, Ortiz thought, it was just $25. And she needed a new sweater. […]

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She Escaped Her Abuser. But Not Before He Buried Her in Debt. Read Post »

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Trump Administration Aims to Roll Back Limits on Toxic “Forever Chemicals” in Drinking Water

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This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. The Trump administration on Wednesday announced plans to rescind and postpone rules limiting “forever chemicals” in drinking water that were enacted under the Biden administration and designed to prevent millions of people from exposure to these persistent and dangerous contaminants. […]

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Top-Earning 10 Percent Responsible for the Majority of Global Warming, Study Finds

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This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. The world’s wealthiest 10 percent are responsible for two-thirds of global heating since 1990, driving droughts and heatwaves in the poorest parts of the world, according to a study. While researchers have previously shown that higher income groups emit disproportionately large amounts […]

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Why is Everybody Hating on Richie Rich?

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For kids like me, who grew up in the 1960s and ’70s, comics were a big deal. Our media landscape otherwise consisted mainly of books and records, commercial radio, and, in my family’s case, a small black-and-white TV with a coat hanger antenna that got four staticky channels. So we periodically raided our piggy banks […]

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Trump Promised No New Business Deals With Foreign Governments. He Lied.

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This story was originally published by Popular Information, a substack publication to which you can subscribe here. On January 10, 2025, President Trump released an “ethics agreement” detailing how he would handle his personal business interests while in the White House. It is remarkably weak and does not require Trump to divest any of his holdings. Unlike a similar […]

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Trump Promised No New Business Deals With Foreign Governments. He Lied. Read Post »

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Trump’s Rookie Moves Have Created Loads of Uncertainty—Even for Big Oil

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This story was originally published by WIRED and is reproduced here as part of the Climate Desk collaboration Last week, the US Department of the Interior announced that it would speed up the approval process for certain fossil fuel projects, proclaiming that environmental analyses that previously would have taken years must now be taken down to, at maximum, a month. While the […]

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Trump’s Rookie Moves Have Created Loads of Uncertainty—Even for Big Oil Read Post »

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CEO Pay Is Up 50 Percent Since 2019 Compared to 0.9 Percent for Workers

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A new Oxfam analysis also warns that the global working class faces a new threat in the form of Trump’s tariff regime.

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CEO Pay Is Up 50 Percent Since 2019 Compared to 0.9 Percent for Workers Read Post »

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Trump’s First 100 Days Have Unleashed an “All-Out Assault” on the Environment

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This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. One hundred days into the second Trump administration, many environmentalists’ worst fears about the new presidency have been realized—and surpassed.  Facing a spate of orders, pronouncements and actions that target America’s most cherished natural resources and most vulnerable […]

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