In the News

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Capitalism’s Conclusion, Part I: What the Ohio Train Derailment Exposed

A 2022 report by the Groundwork Collaborative shared with Common Dreams found that large class 1 railroad companies like Canadian National Railway, CSX, Norfolk Southern, and Union Pacific spent approximately $10 billion on stock buybacks just in the first half…

March 3, 2023 Occupy.com

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NY AG Proposes New Rules to Stop Corporate Price Gouging

Rakeen Mabud, chief economist at the Groundwork Collaborative, applauded James "for protecting consumers and cracking down on the corporations that have been taking advantage of families and small businesses for far too long. The proposed rules will directly target big…

March 2, 2023 Common Dreams

Press Release

Groundwork’s Chief Economist Reacts to NY AG Price Gouging Protections

Today, New York Attorney General Letitia James announced proposed new rules to protect New Yorkers from unfair price hikes.

March 2, 2023 Groundwork Collaborative

Press Release

Groundwork to Host Press Briefing Ahead of Humphrey Hawkins Hearings

On Monday, March 6, at 10 a.m. ET, one day before Federal Reserve Chair Jerome Powell testifies before Congress, Groundwork Collaborative will host a press briefing on the public’s views of the Federal Reserve.

March 2, 2023 Groundwork Collaborative

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Consumers Are Reaching a Breaking Point

It’s probably also worth noting that, amid all this, a lot of companies are still going to come out on top. “The bottom line is that big corporations are still doing very, very well thanks to price hikes and inflation,…

February 27, 2023 Vox

Press Release

ICYMI: New Paper Offers Clear Evidence of Corporate Collusion, Profiteering

Yesterday, Dr. Isabella Weber, professor at the University of Massachusetts-Amherst, and Evan Wasner released a new working paper, “Sellers' Inflation, Profit and Conflict: Why Can Large Firms Hike Prices in an Emergency?."

February 27, 2023 Groundwork Collaborative

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Why is Everything Getting so Expensive?

Right now, inflation is inescapable. At the grocery store, the gas station, and in almost every country in the world, people are playing more — way more — than they did just a couple of years ago for everything. In…

February 24, 2023 Vox

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Economic Downturn Threatens to Bring Down Marginalized People

Rakeen Mabud, chief economist of the Groundwork Collaborative, said it is important to not only keep unemployment low but to provide high-quality jobs, investment in infrastructure, and sick leave. Last year, inflation surged, and the Federal Reserve responded by raising…

February 18, 2023 Richmond Pulse

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“Absolute hypocrisy”: GOP Unveils Bill to Make Trump Tax Cuts Permanent While Howling about Debt

"It's no surprise that the House majority wants to spend trillions of dollars to extend the Trump tax cuts for the wealthiest Americans and biggest corporations—but it's absolute hypocrisy from the same members who are pushing us to a debt…

February 18, 2023 Salon

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Reed, Colleagues Reintroduce Respect for Workers Act to Ensure Fed’s Board of Governors Includes Worker Representation.

“The Respect for Workers Act would be a strong step toward ensuring that those who are most affected by the Federal Reserve’s decisions have a say in how the economy is run, and more pressure is put on them to…

February 17, 2023 MIL-OSI USA