Corporate profits

Local Resistance, Corporate Profits Fuel America’s ‘Debtors’ Prisons, Conference Says

Resistance from local governments and their employees, as well as the growing involvement of for-profit companies in prison administration, are key obstacles to ending the system of fines and court-related fees that have weighed heavily on them. “disproportionately” on minorities and the poor, a lecture at John Jay College heard Thursday said. Bayrd carousel Carousel […]

Corporate profits

Cautious investors: corporate profits are lower today than in 2014

Executives at America’s biggest corporations say profits have never been higher, but government accounting tells a different story. According to data from the Bureau of Economic Analysis, corporate profits, after adjusting for inventory valuation and capital consumption, remain 3.6% below their peak in Q2 2014, while the S&P 500 SPX, -0.11% profits are expected to […]

Corporate profits

Corporate profits and government spending explode as wages and the economy languish

The supreme irony of the latest listless GDP data is that private demand has been supported by “brisk” public spending. There are serious questions about the government’s competence to run the economy, reports Alan austin. Australia continues to lag behind the rest of the world. Many of the latest published results are at historically low […]

Corporate profits

The misguided war on corporate profits

Bernie Sanders relishes the contempt of America’s business elite, proudly displaying on his campaign website his anti-endorsements of corporate titans and their apologists. It’s the theme he’s championed his entire career – and it looks like he’s gaining ground on both sides of the aisle. Fox News host Tucker Carlson calls American businesses the biggest […]