Wall Street posted $65B in profits in 2025 — a 40% increase over the year before.
Meanwhile 2.2M New Yorkers live in poverty. Albany can close the budget gap on the backs of working families — or ask 0.7% of their wealthiest residents to pay their fair share.
The choice is that
"Even if the conflict is wound down within weeks, fertiliser disruption alone would cause US food inflation to rise from around 2% to 4% year on year. If fighting drags into the summer, the increase could reach double digits."
Our health care system is in crisis:
Millions of Americans' coverage is threatened.
Rural hospitals are closing by the hundreds.
Physicians are leaving faster than we can replace them.
Our @AlexSJacquez has a bold proposal for a real, integrated public system.
The White House says they've been "all over the fertilizer problem." Meanwhile: gas up 30%, diesel up 50%, & jet fuel doubled.
Our @AlexSJacquez warns that supply chain price shocks are still to come for working families: "Maybe next month's orders. Maybe next week's. But
As if the Great Recession wasn't haunting enough, debt collectors are going after the "zombie" mortgages left over from the era.
My piece for @BorrowerJustice explores the predatory behavior that's threatening families with *decades* of back interest on loans -- or eviction.
‘Zombie mortgages’ are mortgages that homeowners thought were long forgiven after the 2008 housing crisis.
But exploitative lenders are buying them for pennies & forcing families to pay hundreds of thousands of dollars — or risk foreclosure. Our @EmDiVito & @BorrowerJustice on
.@SenWarren first introduced this bill in 2021.
Since then, America’s wealthiest families have only gotten wealthier, while working families struggle to afford the basics.
There are +900 billionaires in the US worth a combined $7.8 trillion. This is simple math & basic
Today, I'm introducing my wealth tax — and more than 50 members of Congress are joining me.
It’s time for the government to start working for American families, not just the ultra-rich.
NEW: Debt collectors are buying up mortgages families thought were forgiven decades ago and then showing up at their door demanding payment or their house.
The CFPB was investigating, but Trump shut it down.
Read @EmDiVito on “zombie mortgages” 🧟
As money gets tighter and costs go up, families are being chased by debt collectors to repay decade-old "zombie mortgages."
@Groundwork's @EmDiVito warns about ~The Walking Debt~ today at IN DEBT, a @BorrowerJustice substack.
https://indebt.substack.com/p/the-walking-debt-families-face-down
Gas prices are soaring across the country. Columbus, OH has seen prices rise by $0.90 since the war in Iran began—with no end in sight.
“No matter if Trump says the war is ending or that it’s safe for tankers to travel, if Iran continues to threaten ships passing through the
Gas.
Heating costs.
Electricity.
Groceries.
Nearly every single thing that working families can't opt out of is getting more expensive at once.
NEW analysis from @Groundwork 👇
A not-so-great update for @washingtonpost subscribers: your subscription might be getting more expensive, and they’re using your data to set your new price.
My paper with JW Mason is finally out.
The upshot is that very high financing costs/hurdle rates materially constrain housing production. Zoning reforms are a piece of the puzzle, but if you want mass building, you need to pull financing levers.
.@MikeFellman and JW Mason are out with a new report for @Groundwork today. The upshot: Yes (and) in my backyard.
The rent is too damn high, and zoning reform just isn’t enough to make investments pencil out.
Walmart shoppers: you’re going to want to hear this.
