Daily Archives: October 7, 2022

2022-10-07: News Headlines

WSWS (2022-10-07). Millions driven into poverty by pandemic, soaring prices and recession. wsws.org A World Bank report has found that in 2020 global median income declined by 4 percent, the first such decline since it began measurements in median income in 1990, with the most impoverished suffering "setbacks in education and health, with massive learning losses and shortened lifespans."

WSWS (2022-10-07). Millions driven into poverty by pandmeic, soaring prices and recession. wsws.org A World Bank report has found that in 2020 global median income declined by 4 percent, the first such decline since it began measurements in median income in 1990, with the most impoverished suffering "setbacks in education and health, with massive learning losses and shortened lifespans."

Mark Gruenberg (2022-10-06). Republican-ruled states let rich hide $5.63 trillion in U.S. peoplesworld.org WASHINGTON—A growing number of U.S. states, and not just small ones like corporate-friendly Delaware and deep-red South Dakota, but big ones such as Florida and Texas, are scheming to or actually hiding the wealth of the rich, letting the upper class get away with not paying their fair share for maintaining society, or democracy, a …

WSWS (2022-10-06). Modi booster Gautam Adani becomes world's second richest man amid social misery for Indian working class. wsws.org Pro-investor economic reforms‚ÄÜcarried out since 1991 by successive Indian governments, led by both the Congress Party and Modi's BJP, have dramatically deepened social inequality and concentrated wealth in the hands of rapacious billionaires like Adani.

Brett Wilkins (2022-10-06). After Dumping $15 Billion Into Fossil Fuels, World Bank Urged to Stop 'Investing in Climate Disaster'. commondreams.org "If the World Bank wants to be a part of the solution rather than the problem, it needs to stop funding fossil fuels and unlock billions in order to support the transition to renewable energy across the globe and end poverty and inequality," said one campaigner.

WSWS (2022-10-06). Modi booster, Gautam Adani becomes world's second richest man amid social misery for Indian working class. wsws.org Pro-investor economic reforms‚ÄÜcarried out since 1991 by successive Indian governments, led by both the Congress Party and Modi's BJP, have dramatically deepened social inequality and concentrated wealth in the hands of rapacious billionaires like Adani.

Brett Wilkins (2022-10-06). 'Next Up? Legalize It': Advocates Cheer Biden Move to Pardon Marijuana Convictions. commondreams.org "This is what pressure and advocacy look like," said anti-poverty activist Joe Sanberg. "This must be the first of many steps to ending our decadeslong failed policies on marijuana."

Sarah Anderson (2022-10-06). To Protect Working Families, Raise Corporate Taxes — Not Interest Rates. inequality.org

Dana Sanchez (2022-10-06). Texas Congressman: 5 IRS Agents Stole Covid Cash For Gucci And Las Vegas, Imagine 87,000 New Agents. moguldom.com Five Internal Revenue Service employees in Tennessee and Mississippi have been charged with schemes to defraud the Paycheck Protection Program (PPP) federal stimulus program and other covid relief funds that were part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The programs were designed to help business owners meet financial obligations during the pandemic. …

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