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FORGOTTEN HISTORY: Isabella weber - Caught on Camera

Trump’s Iran war may stymie climate gains with boost to big oil, experts say

Windfall profits could lock in Trump-era political wins for the industry and slow clean-energy transition

The Guardian - US

One economist’s ‘radical idea’ to solve the biggest energy crisis in history: a reverse OPEC

UMass Amherst economist Gregor Semieniuk says the U.S. is the most powerful country to make the idea work.

Fortune

We can tell you who will really get rich from this oil crisis – and how we can stop them

Soaring oil costs signal the great transfer of wealth away from households, but also a new opportunity to redistribute it, say economists Isabella Weber and Gregor Semieniuk

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Democrats urge windfall tax as big oil set to make billions from Iran war

Progressive and green groups join call for tax on major fossil-fuel companies to help offset rising living costs

The Guardian - US

Economic policymaking needs to adapt to the climate emergency

Tackling inflation from companies raising prices during cost shocks requires more than adjusting interest rates

The Guardian - UK

This economist says the US needs price controls to tackle inflation: ‘We need to dare to think outside the box’

Isabella Weber says economists must design policies that people feel make their lives better – or the US could slide toward fascism

The Guardian - US

Trump’s promise to tax imported goods could spell trouble for US auto industry

Automakers face uncertainty as top-selling vehicles, such as the Ford F-150 truck, are sourced from around the globe

The Guardian - US

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Harris and Trump Both Say They Will Stop Price Gouging, But Making It Happen Will Be Tough

Economists say it requires crossing influential business lobbies to crack down on excessively high pricing by companies that dominate their industries.

Capital & Main

Harris is zeroing in on high food prices as inflation remains a big issue in the presidential race

Vice President Kamala Harris is zeroing in on high food prices as inflation remains a big issue in the presidential race

The Independent UK

Inflation may be low again now, but we are still being overcharged

Politicians must acknowledge that companies’ systematic profiteering is pushing household finances over the edge

The Guardian - UK

Your food is more expensive – are US corporate profits to blame?

Many companies such as Chipotle and McDonald’s are seeing profits jump as they continue raising prices, an analysis finds

The Guardian - US

Economist suggests storing grain to prepare for next global emergency

Isabella Weber, who linked corporate profits to inflation, shares how to prevent food shortages – and price gouging

The Guardian - US

UK firms accused of profiteering as study finds margins rose 30% post-pandemic

Unite union study of 17,000 firms shows sectors from energy to banking, and vets to car dealerships, profited from inflation crisis

The Guardian - UK

German living standards plummeted after Russia invaded Ukraine, say economists

Energy price shocks had huge knock-on effect, with real wages falling further in 2022 than in any year since 1950, says report

The Guardian - UK

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The Guardian - UK

The Guardian view on the Bank of England’s week ahead: it’s time to start cutting rates

Editorial: High rates only prolong economic stagnation and the farce of big bank profits while Britons can’t feed themselves

The Guardian - US

Half of recent US inflation due to high corporate profits, report finds

Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop

The New Daily

Michael Pascoe: In defence of the RBA (no, seriously)

The RBA and whoever happens to be in government right now want unemployment up above 4 per cent to 4.25 or 4.5 per cent.

The Guardian - UK

The Guardian view on food price caps: better at taming inflation than rate hikes

Editorial: When the economy doesn’t work in the way that theory suggests, it’s time to junk the theory

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Fortune

‘Greedflation’ takes a turn: Republicans’ hatred of Joe Biden’s economy makes them easy prey for ‘profit-led inflation episodes,’ UBS chief economist says

Look closely at the Michigan consumer sentiment data, Paul Donovan says: “The detail is hilarious…The two groups appear to be living on different planets.” It was flipped under Trump.

The Guardian - UK

Greedflation: are large firms using crises as cover to push up their profits?

Critics of corporate behaviour over the pandemic and Ukraine war say company profit and loss accounts tell their own story

Axios

Price controls are back

The abandonment of price and wage controls in the 1970s was a milestone in the shift of American and global economic policymaking.

The Guardian - US

‘What am I going to do?’: soaring prices fuel calls for US government to step in

Large corporations are passing on higher-than-needed price increases to customers under the cover of inflation, war and supply chain squeezes, experts say

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