Politics Done Right

Study Shows Excess Corporate Profits in the US Have Become ‘Widespread’: A new research paper finds that corporate price markups and profits jumped to their highest levels in seven decades last year. A new paper published Tuesday shows that U.S. corporate price markups and profits surged to their highest levels since the 1950s last year, bolstering arguments for an excess profits tax as a way to rein in sky-high inflation. Authored by Mike Konczal and Niko Lusiani of the Roosevelt Institute, the analysis finds that markups—the difference between the actual cost of a good or service and the selling price—”were both the highest level on record and the largest one-year increase” in 2021. Supreme Court Ruling Turns Separation of Church and State Into ‘Constitutional Violation,’ Warns Sotomayor: “We are witnessing one of the most extreme Supreme Courts in modern history rewrite the most basic social commitments of our society,” said the head of one of the nation’s largest teachers unions. U.S. Supreme Court Jus