Reports

Federal Reserve Members Threaten More “‘Pain’” For Working Families As Top Economic Experts And Other Prominent Voices Warn Interest Rate Hikes Could Backfire

Economic Security and Corporate Power
November 10, 2022

The Federal Open Markets Committee (FOMC), the Federal Reserve body which determines interest rates, was expected to continue hiking rates in November and December 2022 despite warnings that doing so would cause a recession and add as many as 3.2 million people to unemployment lines by the end of 2023.

Reports

Kroger And Albertsons Claim Merger Would Lower Prices, Contradicting Their Pandemic Price Hikes, Soaring Profits, And Shareholder Payouts

Economic Security and Corporate Power
November 2, 2022

On October 14, 2022, “grocery giant” Kroger announced plans to buy Albertsons Companies for $24.6 billion, threatening to create a “corporate behemoth” second only to Walmart in grocery industry market share. If the two companies successfully combine, they would control nearly 5,000 stores reaching about 85 million households across the U.S.

Reports

Conservative Activist Groups Representing Petitioners In Brackeen v. Haaland Seek To Undermine Tribal Sovereignty And Are Closely Tied To The Fossil Fuel Industry

Power and Influence
October 28, 2022

The Supreme Court Case Brackeen v. Haaland concerns the validity of the Indian Child Welfare Act (ICWA), which gives preference to Native American guardians in cases concerning the custody of Native American children.

Reports

Corporate America Poised To Avoid The Inflation Reduction Act’s New Stock Buyback Tax, Already Announcing $1.5 Billion In Accelerated Share Repurchase Programs To Dodge Roughly $15 Million In New Taxes

Economic Security and Corporate Power
October 17, 2022

Immediately after the Inflation Reduction Act (IRA) was signed into law on August 16, 2022, corporate America was already eyeing accelerated share repurchase (ASR) programs as a way to rush their stock buybacks before the IRA’s new 1% on the transactions becomes effective after December 31, 2022.

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