Business & Economy

Business & Economy

Arianna Laureano outside of her boyfriend’s Seattle home on Feb. 3, 2021. Laureano has been relying on Washington’s eviction moratorium, which is set to end on March 31. CREDIT: Dorothy Edwards/Crosscut

Washington Scrambles To Avoid Mass Evictions As Moratorium Nears End

After Gov. Jay Inslee extended the moratorium multiple times, most lawmakers, lobbyists and advocates expect March 31 will mark its true end — at least at the state level. Then the question of what will happen to renters without the moratorium’s blunt relief will go from hypothetical to very much real. Continue Reading Washington Scrambles To Avoid Mass Evictions As Moratorium Nears End

Read More »
Occupy Wall Street march in 2012

‘The Game Is Rigged’: How Fury Over The Great Recession Fueled The Reddit Trade

WallStreetBets started as an investment forum — and its moderators continue to insist it is just that as the group has now grown to boast nearly 9 million members. But interviews with some of its members and an examination of its threads also show something else — that it’s morphed into a movement of sorts, riding a giant wave of unresolved anger from the Great Recession. Continue Reading ‘The Game Is Rigged’: How Fury Over The Great Recession Fueled The Reddit Trade

Read More »
Vice President Kamala Harris in Senate

Congress Approves Budget, Paving The Way For President Biden’s COVID-19 Relief Package

The House quickly approved a budget resolution intended to speed the drafting of President Biden’s $1.9 trillion coronavirus relief package. The Senate approved the same budget resolution early Friday morning. With the Senate evenly divided, Vice President Harris cast the tiebreaking vote. Continue Reading Congress Approves Budget, Paving The Way For President Biden’s COVID-19 Relief Package

Read More »
Forbes tracks the world's billionaires in almost real time. Now, a group of Washington House Democrats want to impose a wealth tax on Washington's billionaires.

Tax A Billionaire, Raise Some Cash? It’s An Idea Washington State Democrats Are Floating

Washington billionaires would pay a “wealth tax” under a proposal in the state House that will get a public hearing on Tuesday. The bill is sponsored by Democratic state Rep. Noel Frame, who chairs the House Finance Committee, and would impose a one percent tax on intangible financial property, such as stocks and bonds, futures contracts and publicly traded options. A billionaire’s first $1 billion in “taxable worldwide wealth” would be exempt. Continue Reading Tax A Billionaire, Raise Some Cash? It’s An Idea Washington State Democrats Are Floating

Read More »
Boeing 777-X jet takes off in Seattle with Olympia Mountains in the background

Pandemic Piles On Already Reeling Boeing, Leading To Nearly $12 Billion Loss In 2020

Boeing is trying to close the books on a dismal year. The aircraft manufacturer Wednesday reported that the company lost close to $12 billion in 2020, a record loss, as the pandemic depressed demand for new airplanes and the company continued to reel from its 737 Max debacle. Continue Reading Pandemic Piles On Already Reeling Boeing, Leading To Nearly $12 Billion Loss In 2020

Read More »