Tag Archives: Income Inequality

Corporate Landlords’ Profits Soar as Tenants Drown in Rent Hikes and Fees

“Through-the-roof rent hikes based on greed—not need—have kept many Americans from getting ahead,” said one advocate at Accountable.US.

By Julia Conley. Published 6-12-2024 by Common Dreams

Yn 2002, the Roosevelt began operating as a luxury apartment building (Camden Roosevelt), owned by Camden Property Trust. Photo: NCinDC/flickr.CC

With monthly inflation down to its lowest point in more than two years and heading toward the Federal Reserve’s target, the Biden administration on Wednesday celebrated “welcome progress.”

But an analysis from Accountable.US showed how more than 100 million people who rent their homes in the U.S. are not seeing the benefits of what one Biden spokesperson called “the great American comeback” in their housing costs, particularly millions of people whose homes are owned by corporate landlords.

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US Senate Hearing Highlights Impacts of ‘Horrific Anti-Abortion Crusade’

Sen. Patty Murray described the event as “a close accounting of the trauma Republicans are inflicting on women and families across our country, and the damage they are doing to basic reproductive healthcare.”

By Jessica Corbett. Published 6-4-2024 by Common Dreams

Image: Senator Patty Murray/X

Abortion rights advocates in the U.S. Senate held a Tuesday hearing highlighting the impacts of healthcare bans imposed by the GOP, particularly since the Supreme Court’s June 2022 ruling in Dobbs v. Jackson Women’s Health Organization, which reversed Roe v. Wade.

The hearing—titled, “The Assault on Women’s Freedoms: How Abortion Bans Have Created a Healthcare Nightmare Across America”—was officially hosted by Senate Health, Education, Labor, and Pensions (HELP) Committee Chair Bernie Sanders (I-Vt.), but he kicked it off by explaining why he was turning things over to Sen. Patty Murray (D-Wash.), the panel’s former leader.

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‘Sad Day for Free Speech’: Media Matters Layoffs Follow ‘Thermonuclear’ Attack by Elon Musk

“This is how free speech is actually chilled—vengeful dipshit billionaires,” said one media executive, after more than a dozen staffers let go from nonprofit watchdog whose mission is to combat right-wing disinformation and propaganda.

By Jon Queally. Published 5-24-2024 by Common Dreams

Elon Musk, CEO of X, SpaceX and Tesla. Photo: Daniel Oberhaus/flickr//CC

Just months after mega-billionaire Elon Musk launched what he termed a “thermonuclear lawsuit” against Media Matters for America, the nonprofit media watchdog outfit announced a round of punishing layoffs Thursday which it in part attributed to the financial strain imposed by the legal battle it now faces.

What triggered Musk’s initial outrage in November was MMFA reporting about “pro-Nazi content” on the social media platform X, owned by Musk, appearing alongside ads by prominent corporations in the content stream shown to users.

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Southeast Abortion Clinic Wait Times Soared After Florida Ban

Before the ban, the average Florida resident lived 20 miles from a clinic and would need to wait five days to access an abortion; after the ban, the driving distance jumped to 590 miles and the wait time to almost 14 days.

By Olivia Rosane. Published 5-24-2024 by Common Dreams

Abortion rights supporters rallied in Lake Eola Park, Florida, on April 13, 2024. (Photo: ACLU of Florida/X)

Wait times have increased at 30% of the abortion clinics in the states closest to Florida its draconian six-week abortion ban went into effect on May 1.

The data comes from a survey carried out by Middlebury University economics professor Caitlin Myers and her undergraduate students, which was reported by The Washington Post on Friday.

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‘Consumers Win’ as Supreme Court Rejects ‘Radical’ Attack on CFPB

Amid celebrations over the ruling, one legal expert warned, “Don’t confuse ‘SCOTUS slaps down a wackadoodle 5th Circuit decision’ with ‘SCOTUS is more moderate than its critics claim.'”

By Jessica Corbett. Published 5-16-2024 by Common Dreams

Consumer Financial Protection Bureau Director Rohit Chopra. Screenshot: CNBC

Legal experts and progressive advocates on Thursday applauded the U.S. Supreme Court’s 7-2 decision to uphold the Consumer Financial Protection Bureau’s funding mechanism but also cautioned against praising the far-right justices.

While Justices Samuel Alito and Neil Gorsuch dissented, fellow right-winger Clarence Thomas penned the opinion in CFPB v. Consumer Financial Services Association of America, joined by the other three conservatives and three liberals—two of whom wrote concurring opinions.

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‘Families’ Needs Over Corporate Greed’: US Childcare Providers, Parents Hold Day of Action

“If our leaders don’t step up and legislate a solution to this crisis, we all will pay the price of an underfunded system,” said organizers.

By Julia Conley. Published 5-13-2024 by Common Dreams

Renee Edwards conducts early literacy outreach at a childcare center in Fairfax County, VA. Photo: Fairfax Library Foundation/flickr/CC

Flanked by her fellow childcare providers from Minnesota’s Iron Range region at a press conference in St. Paul, Shawntel Gruba on Monday explained that the childcare center she runs had shut its doors for the day to “demonstrate how vitally important childcare is to our community.”

“We are the workforce behind the workforce,” said Gruba, CEO of Iron Range Tykes in Mountain Iron. “Without us, no one goes to work.”

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‘Argentina Stopped’: Unions Hold Second General Strike Over Milei Austerity

“It is a day of resistance and demand,” said trade groups that organized the action “in defense of democracy, labor rights, and the living wage.”

By Jessica Corbett. Published 5-10-2024 by Common Dreams

Photo: vijay banga/X

Argentina’s primary trade union federation on Thursday held another nationwide general strike, the second called since President Javier Milei, a far-right economist, took office in December and began pursuing sweeping austerity and deregulation.

The South American nation’s unions organized the strike “in defense of democracy, labor rights, and the living wage,” according to a statement from the General Confederation of Labor (CGT), the Argentine Workers’ Central Union (CTA), and the Autonomous CTA.

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Study Links Abortion Restrictions and Intimate Partner Homicide

“In thinking about pregnancy itself as a risk factor for homicide, it follows that the ability to prevent or end a pregnancy” could have “immediate implications” for the safety of pregnant people, said one researcher.

By Julia Conley. Published 5-8-2024 by Common Dreams

On the day of the 50th anniversary of when Roe v. Wade was argued at the Supreme Court, abortion rights supporters held a candlelight vigil in front of the Court. Photo: Victoria Pickering/flickr/CC

A new study links abortion restrictions to an increased risk that pregnant people will be murdered by their intimate partners—and since researchers examined laws that were in place before the U.S. Supreme Court overturned Roe v. Wade and cleared the way for statewide abortion bans, the authors warn that the threat may be even greater than the analysis shows.

In the study released Monday, researchers at Tulane University looked at five separate abortion restrictions and compared them to the intimate partner homicide rates reported by the National Violent Death Reporting System at the U.S. Centers for Disease Control and Prevention.

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‘Absurd!’: US Billionaires Pay Lower Tax Rate Than Working Class for First Time

“It’s time to tax the billionaires,” economist Gabriel Zucman argues in a new analysis.

By Jake Johnson. Published 5-3-2024 by Common Dreams

Jeff Bezos. Photo: Daniel Oberhaus, 2019/flickr/CC

An analysis published Friday by the renowned economist Gabriel Zucman shows that in 2018, U.S. billionaires paid a lower effective tax rate than working-class Americans for the first time in the nation’s history, a data point that sparked a new flurry of calls for bold levies on the ultra-rich.

Published in The New York Times with the headline “It’s Time to Tax the Billionaires,” Zucman’s analysis notes that billionaires pay so little in taxes relative to their vast fortunes because they “live off their wealth”—mostly in the form of stock holdings—rather than wages and salaries.

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‘Seismic Win for Workers’: FTC Bans Noncompete Clauses

Advocates praised the FTC “for taking a strong stance against this egregious use of corporate power, thereby empowering workers to switch jobs and launch new ventures, and unlocking billions of dollars in worker earnings.”

By Jessica Corbett. Published 4-23-2024 by Common Dreams

FTC Chair Lina Khan. Photo: New America/flickr/CC

U.S. workers’ rights advocates and groups celebrated on Tuesday after the Federal Trade Commission voted 3-2 along party lines to approve a ban on most noncompete clauses, which Democratic FTC Chair Lina Khan said “keep wages low, suppress new ideas, and rob the American economy of dynamism.”

“The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market,” Khan added, pointing to the commission’s estimates that the policy could mean another $524 for the average worker, over 8,500 new startups, and 17,000 to 29,000 more patents each year.

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