Reports
House Republican Leadership Is Pushing An Extreme Agenda
House Republican Leadership Is Pushing An Extreme Agenda Of Cuts To Social Security And Medicare, A National Abortion Ban, And Potentially Ending Aid To Ukraine In Their War Against Russia.
Reports
Federal Reserve Members Threaten More “‘Pain’” For Working Families As Top Economic Experts And Other Prominent Voices Warn Interest Rate Hikes Could Backfire
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
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
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
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.
Reports
Consumer Gas Prices Stay Sky-High While Oil Prices Tumble Thanks To Corporate Greed
With the added threat of dangerous weather, consumers continue to struggle under the weight of high gas prices despite the falling cost of oil.
On September 26, 2022, oil fell below $80 a barrel for the first time since January. However, prices for consumers are still 13% higher than when oil was this cheap.
