Somebody Needs to Tell Chuck Schumer that the Entire Working Class Is “Heroic,” Not Just “Essential Workers”
Schumer’s “Heroes Fund” would create a new labor aristocracy
Read more...Category Archives: Ridiculously obvious scams
The Use and Abuse of MMT
Using government spending power to bail out financiers and rentiers makes a travesty of MMT.
Read more...New York Fed, FDIC Tout “Opacity in a Banking Crisis” to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks
An article by Fed and FDIC researchers argues for hiding banks’ dirty laundry. Too bad the authorities didn’t make banks shape up instead.
Read more...Amid COVID-19 Pandemic, Some Pipeline Projects Push Forward While Others Falter Nationwide
Pipeline projects proceed, sometimes on a stealth basis, under cover of the COVID-19 crisis and despite the collapse of world oil prices.
Read more...Right to Repair and Ventilators: Saving COVID-19 Patients
The coronavirus crisis highlights the importance of ensuring wide access to repair information for lifesaving machines, such as ventilators.
Read more...The Coronavirus Stimulus Bill Is a $2 Trillion Slush Fund for Washington Cronies
Why you should hate the coronavirus “stimulus” bill.
Read more...RJ Eskow: 7 Rules for the Boeing Bailout
As the world struggles with the pandemic, Boeing should be seen as the vector for a parallel epidemic. It’s Patient Zero in an epidemic of corporate failure. As we change the way we live our lives, corporations like Boeing should change the way they are run. Corporate mismanagement made this crisis worse and, if it doesn’t change, will make the recovery more difficult.
Read more...‘This Is a Massive Scandal’: Trump FDA Grants Drug Company Exclusive Claim on Promising Coronavirus Drug
Granting “orphan” drug status to Gilead Sciences for remdesivir, its potential coronavirus treatment, is a massive boon to the company.
Read more...Rule Number 1 for Government Bailouts of Companies: Make Sure Voters and Taxpayers Share in the Upside
If the public is to be asked to give bailouts to businesses, it should get something back for its money. It needs to share in any upside.
Read more...Global Level 4 Travel Advisory: Stealth Subsidy for Insurers?
The State Department’s global level 4 health advisory,recommending US citizens not travel internationally, has travel insurance implications.
Read more...Bailout Shenanigans: Making 2008 Look Good?
The bailout bill looks shameless, even by Trump Administration standards.
Read more...A Modest Proposal: Make Sure the Public Knows, in Real Time, When Congresscritters are Dumping Shares
The COVID-19 specter led Congresscritters to coo reassurance, and dump shares. A modest proposal: require immediate disclosure of trades.
Read more...How McKinsey Got Greedy
How McKinsey put money over its once vaunted firm values.
Read more...Closing Polling Places Is the 21st Century’s Version of a Poll Tax
Voter disenfranchisement via shuttering polling sites.
Read more...‘Grotesque Level of Greed’: Owned by World’s Richest Man Jeff Bezos, Whole Foods Wants Workers to Pay for Colleagues’ Sick Leave During Coronavirus Pandemic
Jeff Bezos continues to abuse his workers, this time (or more accurately, again) at Whole Foods.
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