Cantrell Drug Bankruptcy, U.S. Inequality, Target Stores Closing, Healthcare Spending Soars & More: Weekly Roundup for November 12, 2017

Cantrell Drug Co. bankruptcy

In today’s weekly roundup, we wish to bring you up to speed on a few significant developments in certain industries. We know that the pharma industry is suffering and layoffs are being announced by major players in that sector. Even as healthcare spending soars, job losses seem to hit pharma companies negatively, an event which (more…)

U.S. Inequality: Billionaires with Offshore Accounts Helped Bankroll 2016 Election

U.S. Inequaltiy Shows Billionaires Funded Election While Avoiding Taxes

U.S. Inequality Has an Effect on Election Campaign Financing In another revelation concerning U.S. inequality, the Paradise Papers have revealed that seven Republican super-donors contributed as much as $350.0 million to federal and state election campaigns in 2016. Meanwhile, the combined net worth of these these billionaires is estimated at $142.0 billion, much of which is held (more…)

Trump Tax Proposal Analysis Shows Top 1% to Receive Huge Gains

Trump Tax Proposal to Benefit Ultra-Rich, New Analysis Reveals

Despite claims otherwise, the Trump tax proposal is again being criticized for disproportionately helping the wealthy while the middle class will receive less-than-promised, according to a new analysis released on Monday. People earning more than $730,000 a year would get an average cut of more than $37,000, according to the Tax Policy Center. This would (more…)

Premiums for ACA Silver Plan to Soar an Average 34% in 2018

Premiums for ACA Silver Plan to Soar an Average 34% in 2018

The political turmoil in Washington is claiming everyday Americans as its victims. According to a study conducted by consulting firm Avalere Health, the premiums for the most popular health plans under the Affordable Care Act (ACA) or Obamacare, will be rising by an average 34% in 2018. While President Trump blames Obamacare for the rise (more…)

Fed Report Says Income Inequality is Growing in America

Rich Getting Richer, Poor Remaining Poor in the United States The Federal Reserve’s new Survey on Consumer Finances finds that income inequality is widening between upper- and lower-class Americans, with the rich continuing to amass more wealth and the poor only seeing modest gains—or no gains at all. The report reveals that the income and wealth held by (more…)