The Enduring Tyranny of Oil: War, Inflation, and Soaring World Temperatures

Climate Crisis Source: The Enduring Tyranny of Oil: War, Inflation, and Soaring World Temperatures

Source: The Enduring Tyranny of Oil: War, Inflation, and Soaring World Temperatures – 1848+: The End(s) of History

How record-setting heat waves in cities across UK, US and mainland Europe could punish economies already reeling from inflation

The UK recorded blistering hot temperatures as the US and Europe also experienced sweltering heat waves.

Source: How record-setting heat waves in cities across UK, US and mainland Europe could punish economies already reeling from inflation

Inflation

Relying on the Fed to bring down prices is like treating someone’s fever by putting them in a freezer. It doesn’t treat the underlying disease, and could make things far worse.
— Robert Reich (@RBReich) June 15, 2022

Progressives Rip Corporations for ‘Using Inflation as a Cover Story to Jack Up Prices and Pad Profits’

“If our nation’s leaders are serious about addressing inflation,” said one union leader, “they’ll hold these big corporations accountable for their price gouging.”

Source: Progressives Rip Corporations for ‘Using Inflation as a Cover Story to Jack Up Prices and Pad Profits’

Inflation? corporate profiteering

Corporate America is celebrating record-breaking profits while jacking up prices for working families and small businesses.

That’s not inflation — it’s corporate profiteering, plain and simple. https://t.co/ly9SGmGS6o
— American Economic Liberties Project (@econliberties) March 30, 2022

Sanders Introduces Legislation to Reinstate the WWII Windfall Profit Tax to Combat Rising Inequality, Inflation, and Corporate Profiteering

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Source: Sanders Introduces Legislation to Reinstate the WWII Windfall Profit Tax to Combat Rising Inequality, Inflation, and Corporate Profiteering | Common Dreams

Economists question validity of Manchin’s inflation fears on Build Back Better

On Sunday Senator Joe Manchin effectively put an end to negotiations over the current version of the Build Back Better Act when he announced on Fox News he would vote no on the legislation, in part over concerns some provisions of the massive tax and spending bill might exacerbate inflation.

Source: Economists question validity of Manchin’s inflation fears on Build Back Better – CNNPolitics