Tag: Banana republic

And Now This Message From Some Very Rich People: ‘Please Raise Our Taxes

Yves here. IMHO, the bigger deal in this tax proposal is closing the carried interest loophole, which would trim the sails of private equity and hedge fund barons. It’s also striking to see the factually-challenged, knee-jerk reaction from Cuomo on raising taxes on the rich. When I was a young […]

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A Study in Professional Power: Why Do the Big 4 Accountants Survive?

Yves here. While many people go into “my eyes glaze over” mode when the topic of accountants comes up, you ignore them at your peril. In the US, boards and executives escape liability if they can say they were acting on the advice of professionals. Lawyers are the main liability […]

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“Reverse Location Search Warrant”: A New Personal Data Hoovering Exercise Brought to You by Google

Despite the Snowden revelations of the extent of official data gathering and storage on individuals, the overwhelming majority of citizens have not only resigned themselves to electronic surveillance but are putting themselves in a position to have their habits examined microscopically by bringing eavesdropping digital assistants into their home and […]

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Pelosi Advisor Proposes Non-Binding Arbitration as Road to Lowering Drug Prices

Yves here. Arbitration??? Are you kidding me? First, this is just an excuse for not regulating or negotiating. Every other advanced economy, and they all have fewer patients than the US, bargains with drug companies over prices. I know a bit about the Australian system, run by its Therapeutic Goods […]

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Are Investors Finally Waking up to North America’s Fracked Gas Crisis?

Jerri-Lynn here. I try not to miss a post in Justin Mikulka’s excellent series covering the fracking beat for DeSmog Blog. Here’s his latest. By Justin Mikulka, a freelance writer, audio and video producer living in Trumansburg, NY. Originally published at DeSmog Blog The fracked gas industry’s long borrowing binge […]

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Millionaire-Driven Education Reform Has Failed. Here’s What Works.

By Lynn Parramore, Senior Research Analyst for the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Economist Peter Temin has noted that when societies like the United States split into separate economies of haves and have-nots, there remains one ticket to a better […]

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Venezuela Coup Attempt Part of US Plan to Remake Latin America

The Wall Street Journal has just published an important, disheartening story, U.S. Push to Oust Venezuela’s Maduro Marks First Shot in Plan to Reshape Latin America. The Trump Administration has apparently decided to embark on a large-scale interventionist campaign to reverse supposed undue influence of Russia, China, and Iran in […]

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‘Foxconn Was a Major Con’: Backed by Trump Promises and $4 Billion in Subsidies, Company Admits Factory Jobs Not Coming

Yves here. In 2017, we wrote of Foxconn’s record of cheating on its plant deals and the fact that even if the Wisconsin agreement worked out as planned, the cost to the state per job created was so high as to be a giveaway. Sadly, things played out according to […]

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Many Countries at UN Oppose Trump Interference in Venezuela

Yves here. This Real News Network segment with Lawrence Wilkerson is a useful antidote to the impression much of the domestic media is trying to convey, that the US has broad-based support for its coup attempt in Venezuela. PAUL JAY: Welcome to The Real News Network. I’m Paul Jay. On […]

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Vital Economic Data Was Likely Lost During the Shutdown – Here’s Why It Matters to All Americans

By Amitrajeet A. Batabyal, Arthur J. Gosnell Professor of Economics, Rochester Institute of Technology. Originally published at The Conversation The shutdown may be over – for now – but its consequences will linger on. One of those concerns is the dizzying amount of economic data the federal government collects on […]

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Marshall Auerback: In Antitrust, Size Isn’t Everything

By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media Institute When it comes to businesses in need of reform, the saying “size isn’t everything” should apply. Unfortunately, this isn’t the thinking in the realm of antitrust, where size is seen […]

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Brexit “Singapore on the Thames” Fantasies

Yves here. The UK’s post-Brexit “Singapore on the Thames” pretenses should be laughed out of the room. Anyoe who has been paying attention knows that the UK and its Crown Dependencies are already a monster tax haven; pray what more is there to be gained with Brexit? And as this […]

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Los Angeles Teachers Make the Case That Charter Schools Are an Existential Threat to Public Education

By Jeff Bryant,  a writing fellow and chief correspondent for Our Schools, a project of the Independent Media Institute. He is a communications consultant, freelance writer, advocacy journalist, and director of the Education Opportunity Network, a strategy and messaging center for progressive education policy. His award-winning commentary and reporting routinely appear […]

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Are Federal Workers Being Forced Into Involuntary Servitude?

Yves here. Welcome to the world of workers as capitalist cannon fodder. By Michael H. LeRoy, Professor of Labor and Employment Relations, University of Illinois at Urbana-Champaign. Originally published at The Conversation Many federal employees are being ordered by the federal government to work without pay until a spending bill […]

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CalPERS’ Story About Sudden “Resignation” of Star Hire Elisabeth Bourqui Falls Apart as Bourqui Comes to Board Meeting With Heavyweight Employment Lawyer;

On Tuesday, we learned that CalPERS’ former Chief Operating Investment Officer, Elisabeth Bourqui, who resigned suddenly in early January, attended the CalPERS offsite in Napa, with heavyweight employment lawyer Elisa Stewart of Stewart & Musell at her side in the morning (Bourqui’s husband joined her in the afternoon). Bourqui declined […]

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Medicare For All — The Democratic Party Audition for 2020

By Thomas Neuburger. Originally published at DownWithTyranny! Bernie Sanders’ November 2016 aggregate approval rating. Net favorable: +18% Hillary Clinton’s November 2016 aggregate approval rating. Net favorable: –15% Donald Trump’s November 2016 aggregate approval rating. Net favorable: –17% The next two years will present multiple tests of the soul of the Democratic Party, just […]

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Marcie Frost’s Reign of Error: Second Star CalPERS Employee Fired in a Month; Ouster Backfires as We Publicize Complaint

Two CalPERS insiders informed us that Justin Harwell, then the manager heading CalPERS’ Information Security Office, was fired last Friday, or as one put it, “was walked out Friday afternoon.” Consistent with his bio on LinkedIn, Harwell, who joined CalPERS in late 2017, was seen as having a strong background. […]

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