"The global energy crisis has been a giant cash grab for fossil fuel firms," said one campaigner. "And instead of investing their record profits in clean energy, these companies are doubling down on oil, gas, and shareholder payouts."
Reader Comments, Elections - High Inflation, Huge Profits, Why Not Price Freeze; Politicians Giving Medical Advice; Lula Wins!; Mayor, UFT Push Medicare Advantage; Copyright legislation; Public health; Mike Davis Tribute; Evening with Angela Y. Davis
The inflation panic is causing some Democrats to pivot from social spending to deficit reduction. That’s exactly the wrong approach.
Congress should immediately pass the Wall Street Tax Act,(A Financial Transaction Tax - FTT), which would tax the sort of high-speed trading that has turned the financial sector into a casino at the expense of our communities.
Across the 13 companies in our analysis, revenue was up an average of 14% over last year, while profits rose 39%. Stock prices rose on average 30% since the end of February. In total...
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