America’s Super-Rich See Their Wealth Rise by $282 Billion in Three Weeks of Pandemic

America’s billionaires have accrued more wealth in the past three weeks alone than they made in total prior to 1980.

Bill Gates Coronavirus Feature photo

A new report from the Institute for Policy Studies found that, while tens of millions of Americans have lost their jobs during the coronavirus pandemic, America’s ultra-wealthy elite have seen their net worth surge by $282 billion in just 23 days. This is despite the fact that the economy is expected to contract by 40 percent this quarter. The

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Wall Street Bonus Pool Is Double Combined Earnings Of Minimum Wage Workers

There is enough money in the bonus pool to raise pay to a living wage of $15 an hour for either all of the country’s 2.6 million restaurant servers and bartenders, all 1.6 million home health and personal care aides, or all 2.6 million fast food preparation and serving workers.

Protesters Richard Hanzel, left, Brendan Hutt, and Richard Shavzin, right, of the Screen Actors Guild, dressed as wall street bankers, march from Goldman Sachs' office to a rally in Federal Plaza demanding Wall Street reform, Wednesday, April 28, 2010, in Chicago.

Published in partnership with Shadowproof. Bailouts for nothing and get out of jail free. A new report [PDF] by the Institute for Policy Studies (IPS) calculates that the Wall Street bonus pool – the money given on top of an average salary of $404,000 – doubles the combined annual earnings of all full-time minimum wage workers in America. The

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Richest 20 People Have More Wealth Than Half Of All Americans

Can we call this neo-feudalism yet?

Published in partnership with ShadowProof. According to a new report by the Institute for Policy Studies (IPS) America’s 20 wealthiest people now own more wealth than the bottom half of the American population combined. IPS calculates the top 20 in the Forbes 400 richest list own more wealth than 152 million people in 57 million

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Tax Dodging Companies Hoarding Nearly One Trillion Overseas

New analysis, hearing, report make clear: tax dodging corporations siphon revenue that could help Main Street

Profits for U.S. companies are at a record high, yet companies have hoarded nearly one trillion overseas to dodge U.S. taxes, a new Moody's analysis shows. The findings, based on an analysis that looked at U.S. non-financial, Moody’s-rated companies, also reveal that these companies had stockpiled $1.64 trillion in cash at the end of 2013. That's

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Wall Street Bonuses Back At Record Levels

After a brief downturn, Wall Street bonuses have bounced back to pre-crisis levels, prompting some to wonder what happened to the regulation and reform we were promised.

Giovanni Colella

WASHINGTON --- After Wall Street bonuses declined significantly for several years in the wake of the financial collapse that began in 2008, compensation is now back at pre-crisis levels, according to new figures released last week. Bonuses paid to employees throughout the securities industry rose by 15 percent last year, with the average topping

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UN Official: States Must Not Hide Civilian Drone Deaths

Phyllis Bennis: “This report is the beginning of chipping away at US impunity.”

Israel Drone

Increasing drone strikes are causing "disproportionate civilian casualties," and the U.S. and other states must not be permitted to continue hiding this trail of death from the public, charged a UN official in a recently released report. "This report is the beginning of chipping away at U.S. impunity," said Phyllis Bennis, senior fellow at

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