The economic state of Black America: What is and what could be
Black Americans face gaps in representation, wages, education, business ownership, and more. This comprehensive report looks at multiple economic realities Black Americans face and the opportunities in closing these racial gaps.
Personal Income and Outlays, April 2021 | U.S. Bureau of Economic Analysis (BEA)
Personal income decreased $3.21 trillion (13.1 percent) in April according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $3.22 trillion (14.6 percent) and personal consumption expenditures (PCE) increased $80.3 billion (0.5 percent).
Gross Domestic Product, 1st Quarter 2021 (Second Estimate); Corporate Profits, 1st Quarter 2021 (Preliminary Estimate) | U.S. Bureau of Economic Analysis (BEA)
Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2020, real GDP increased 4.3 percent.
1 year, $3.8 billion later: How 2020’s race reckoning shook up Big Tech
While Fast Company found two-thirds of 42 tech firms it surveyed changed at least one policy in the wake of the racial justice protests, prominent Black tech workers and scholars believe that it’s too soon to know if the focus on equity will last.
Lumber Prices Post Biggest–Ever Weekly Drop With Buyers Balking
(Bloomberg) -- Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to 1986. Lumber has has now dropped almost 40% from the record high reached on May 10.Sawmills appear to be catching up with the rampant homebuilding demand in North America that fueled a months-long rally, br
ProPublica's 'Secret IRS Files' Unveil How Richest Americans Avoid Income Tax
Listen to this episode from Consider This from NPR on Spotify. The story made waves in Washington, D.C., this week: The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax. ProPublica obtained private tax data from America's 25 wealthiest individuals, which revealed exactly how those people manage, through legal means, to pay far less income tax than most Americans — and sometimes, none at all. ProPublica senior editor and reporter Jesse Eisinger explains how it works to NPR's Rachel Martin. After the story's publication, some lawmakers reacted with concern about the fairness of the tax code. Oregon Democrat Ron Wyden, who chairs the Senate Finance Committee, explains a proposal to make it more equitable. He spoke to NPR's Ailsa Chang. Additional reporting on the history of the income tax from NPR's daily economics podcast The Indicator and Steven Weisman's 2010 appearance on All Things Considered. In participating regions, you'll also hear a local news segment that will help you make sense of what's going on in your community.Email us at firstname.lastname@example.org.
The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
States rebound from bleak forecasts to pass record budgets
JEFFERSON CITY, Mo. (AP) — Just a year ago, the financial future looked bleak for state governments as governors and lawmakers scrambled to cut spending amid the coronavirus recession that was projected to pummel revenue.