Two of the world’s largest oil companies, Shell and BP gave their CEOs massive pay increases after the industry raked in a record-breaking $451 billion in profits last year. Former CEO of Shell, Ben van Beurden, received $12 million in 2022, a 50% raise in compensation. The CEO of BP, Bernard Looney, received a 126% increase in compensation.
A new review from government watchdog Accountable.US found meatpackers that own plants named in a recent federal illegal child labor citation have histories of more widespread labor abuses, price hiking, and soaring profits. In February 2023, the U.S. Labor Department imposed $1.5 million in child labor fines against Packers Sanitation, Inc.
After the U.S. hit its debt limit in mid-January 2023, Treasury Secretary Janet Yellen warned of “‘catastrophic’” economic consequences that could harm “‘millions Of Americans,’” including military servicemembers and seniors.
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.
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.
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