Articles by Gabriel Black

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JPMorgan Chase Records the Biggest Profit of any Bank in US History
Gabriel Black | WSWS – TRANSCEND Media Service, 20 Jan 2020

18 Jan 2020 – JPMorgan Chase made $36.4 billion in 2019, the biggest annual profit of any bank in American history. The six largest US banks revealed that they saved a combined $32 billion from Trump’s corporate tax cut. JPMorgan’s profit is more than half the education budget of the US federal government.

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The Economist Magazine Warns of Revolutionary Consequences of Unprecedented Corporate Power
Gabriel Black | WSWS – TRANSCEND Media Service, 3 Oct 2016

On Sep 17 The Economist published a special report titled “The Superstar Company: A Giant Problem” where it details the sharp growth in the economic and political power of the world’s top corporations. The editorial warns that today’s economic climate contains “worrying similarities to a much earlier era,” the period leading up to the Russian Revolution.

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Millionaires Projected to Own 46 Percent of Global Private Wealth by 2019
Gabriel Black, WSWS – TRANSCEND Media Service, 22 Jun 2015

Households with more than a million (US) dollars in private wealth are projected to own 46 percent of global private wealth in 2019 according to a new report by the Boston Consulting Group. This large percentage, however, leaves out businesses, residences and luxury goods, which comprise a substantial portion of the rich’s net worth.

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Libya: Ex-US Base Now Headquarters of Al Qaeda-linked Forces
Gabriel Black, WSWS – TRANSCEND Media Service, 5 May 2014

Al Qaeda fighters are now operating out of a base set up by US Special Forces near the Libyan capital of Tripoli, in the aftermath of the 2011 NATO war in Libya. This fact underscores the reactionary character of the Libyan war and Washington’s continued reliance on far-right Islamist forces in its Middle East wars.

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