The War on Iran Means a Crisis of Fuel and Food Worldwide
On May 5th, an oil tanker called the New Corolla arrived off the coast of Los Angeles, California. It was the last shipment of oil headed for California to pass through the Strait of Hormuz before the beginning of the U.S. and Israel’s war on Iran over 2 months ago. It might be shocking to […]
The Fight over Spirit Airlines’ Future
Last week, Spirit, a budget airline carrier, cancelled all flights and announced that the airline would be shut down. The airline, originally one of the most profitable in the country, struggled to maintain its profitability amidst the Covid-19 pandemic and had filed for bankruptcy. The recent increase in gas prices due to the U.S.-Israel war on […]
Every Day is Tax Day for the Working Class
People think of April 15 as Tax Day because that’s when federal and state income taxes are generally due. If you get a refund, it’s only because you have been paying into the system all year. Working-class people pay all year long, not just income taxes, but sales taxes on all kinds of things we […]
Profits for the Rich, Inflation for the Poor
As oil and gas companies make record profits, gas prices continue to rise. From 2021 to 2023, the country’s top-10 wealthiest of these companies made a combined net income of $313 billion. Average gas prices have now reached $3.34 per gallon, costing people $40 to $50 to fill up their car tank. But, in some […]