Donald Trump seems determined to double down and keep pressing forward on his trade war with China. He promises more and higher tariffs, not realizing that U.S. consumers are the ones paying these taxes - not China's government or corporations.
About twice as many of the largest U.S. companies reported they didn’t owe taxes in 2018 compared with previous years, a partial result of the 2017 Trump tax law, according to a report.
GM recently declared that it will close three major assembly and two smaller transmission facilities in North America. This despite GM’s recent robust profit reports - while labor costs make up less than 10 percent of the average vehicle.
Nice "trickle-down economics" you've got there.
The videos of security cops dragging a bloodied physician down the aisle of a United Airlines plane clearly shocked millions of people. United Airlines found itself at the center of public condemnation this week, after a horrifying video of a doctor being forcibly removed from a coach class seat on one of its planes went viral.
Corporations are stashing billions of dollars offshore to avoid paying taxes.
Pfizer just raised drug prices for a second time this year—and it's not alone.
Corporate media coverage of the Verizon strike illustrates the fundamental asymmetry of power that still exists between multi-billion-dollar corporations and comparatively small unions. Due to the support of major Democrats like Bernie Sanders and (to a lesser extent) Hillary Clinton, the voices of strikers like those at Verizon are not entirely lost, but the deck is still heavily stacked in management's favor.
Closing the Jara case; Dropping ALEC like it's hot; Google, GE feed the deniers; Climate crisis feeds fatcats; How white is Green?; Bechdel and Chast: no respect for funnybooks
The recent surge in interest in inversion transactions is explained primarily by U.S. based multinational firms’ increasingly desperate efforts to find a use for their stockpiles of offshore cash (now totaling around $1 trillion).
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