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    Rashida Tlaib on fighting billionaire oligarchs: ‘The American people overwhelmingly want to tax the rich’

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    The Democratic representative plans to introduce a bill halting subsidies and tax advantages for the super-richThey had the best seats in the house. When Donald Trump was sworn in as US president a year ago this week, tech titans Jeff Bezos, Tim Cook, Elon Musk, Sundar Pichai and Mark Zuckerberg were sitting closer than even some of his cabinet picks, living symbols of the US’s new gilded age.“It was so gross,” Rashida Tlaib, a Democratic representative from Michigan, recalled in a phone interview. “It was like a reunion of all the billionaires. Some of them didn’t even like each other, but boy, did they come together for Trump.” Continue reading… More

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      Why Russia’s economy is unlikely to collapse even if oil prices fall | Phillip Inman

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      Hopes that tougher sanctions and lower oil prices could derail Putin’s war effort underestimate how far the Kremlin has rewired its economyPacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald’s Trump’s Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil.Crude oil has lubricated the Russian economy for decades – far more than gas exports to Europe – and so the threat of falling oil prices, prompted by US plans for control of Venezuela’s rigs, will have been a source of concern. Continue reading… More

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      in US Politics

      Trump’s Venezuela strike won’t distract voters from the crises at home | Steven Greenhouse

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      As Americans worry about healthcare and affordability, the ‘no more wars’ president is helping oil companies insteadImmediately after Donald Trump ordered a military strike in Venezuela, many critics focused on how that attack violated international law as well as the US War Powers Resolution. But there hasn’t been nearly enough focus on the domestic implications of Trump’s move.Trump seems to have ordered his Venezuela venture in part to flip the script away from domestic matters, where things aren’t going well for him. His approval ratings are underwater, and he’s getting low marks on the economy, health policy (just 30% approval), inflation (31% approval on the cost of living), his immigration crackdown (41% approval) and his sending the national guard into US cities. Then there’s the big thumbs down that Americans are giving to his tariffs, which have helped push up prices even though candidate Trump promised to lower prices on day one.Steven Greenhouse is a journalist and author, focusing on labour and the workplace, as well as economic and legal issues Continue reading… More