The rich get richer while global poverty deepens in “decade of division”
Wealth accumulation by the rich has risen to the point that the world could see its first trillionaire within a decade. Meanwhile, it will take more than 200 years to end global poverty, a report by Oxfam International has found.
Former Starbucks head in the hot seat
Former Starbucks CEO Howard Schultz testified in front of the US Senate as the company faces huge criticism for union-busting tactics. So far, 293 Starbucks stores across 37 states are unionized
The US Supreme Court entertains the idea that student loan forgiveness will “harm” people
The ultraconservative Supreme Court appears poised to force the burden of USD 1.6 trillion in federal student loan debt back onto tens of millions of workers
World’s richest 1% captured over 63% of all wealth created since 2020: Oxfam
An Oxfam report notes that the richest 1% of the world’s population captured over USD 26 trillion (nearly 63%) of the USD 42 trillion created since 2020, nearly twice the USD 16 trillion (37%) that went to the rest of the population
Rail workers’ struggle shows the power of the organized working class
If rail workers went on strike, freight rail across the country would be paralyzed. The working class holds enormous power when it is organized and willing to fight.
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