Building power for working people

Author: Eric Gardner

Air Travel Turning Point? Biden Moves to Block Latest Airline Merger

Airline mergers, long given a rubber stamp by federal government regulators, are about to face a major high-profile challenge. The Justice Department is taking JetBlue…
jetblue

After Student Debt, the Next Battle is Against Medical Debt

The most perverse part of medical debt is that it exists at all. There’s probably someone, somewhere, who believes that $120,000 is a fair price…
medical debt

Rail Strike by the Numbers: Railroad Profits Are Soaring at Workers’ Expense

America’s largest railroads have transformed a once-staid industry into a profit-generating machine on par with the world’s richest technology companies, even as they drove down…
Warren Buffett

Discount Store Earnings Reveal Warning Signs for the Middle Class

Many consumers are migrating to no-frills “discount” retailers and private brands as inflation continues to tax the wallets of low- and middle-income Americans.  Walmart, America’s…
walmart

Biden Targets Hearing Aid Cartel, Stock Prices Plummet

A new Biden administration rule aimed at improving the price and availability of hearing aids has upended the industry in a matter of days, with…
biden

CFPB Signals It Will End Billions of Dollars in Credit Card Late Fees

U.S. bankers and interest groups are mobilizing to stop the Biden administration from overhauling how the industry approaches credit card late fees. The exact scope…

Oil Companies Are Delivering Record Returns For Wall Street. That Could Be Good News For Climate Change.

ExxonMobil and Chevron delivered record-shattering profits last quarter, returns that financial news outlet Bloomberg described as ”almost comically huge.” Exxon, the world’s largest non-state energy…
Oil

Despite Record Revenue, Airlines Set to Slash Flights to Smaller Cities

Major U.S. airlines have signaled to investors that they intend to maintain profit margins by cutting America’s already depleted regional air network, which connects smaller…
United Airlines

Here’s How Amazon Is Strangling Small Businesses 

When asked about the American Innovation and Choice Online Act three months ago, Senate Majority Leader Chuck Schumer reaffirmed his commitment to the sweeping tech…
Amazon insider

AT&T and Verizon Raised Prices in Lockstep, Looking To Make Billions

In June, America’s two largest wireless providers raised monthly prices on some older plans by $6-$12, a move estimated to generate billions of dollars in…

The Largest U.S. Spice Company Is Raising Prices in America – But Not China

McCormick & Co., the world’s largest spice and seasoning company, is looking to recover losses from inflation by raising prices for American consumers, but not…
Cholula

Dollar General Claims It’s A Discount Store. It’s Not.

By Eric Gardner Dollar General, a titan of American retail, says its brand "stands for low prices."  True, the chain pays its workers industry-low wages…
Dollar General Prices