Tag: Banana republic

The Financial Times’ Martin Wolf Discovers that Rentier Capitalism and Financialization Increase Inequality and Hurt Growth

Surprisingly, no one commented on a link to an important article by the Financial Times’ esteemed economics editor, Martin Wolf, Martin Wolf: why rigged capitalism is damaging liberal democracy, that weighed in as a major feature, as opposed to his usual column length. Wolf’s article is noteworthy by virtue of singling out, above all, rentier […]

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Two Horrid Wall Street Journal Stories Show What a Malefactor Amazon Has Become

By Lambert Strether of Corrente Two recent articles in the Wall Street Journal, “Amazon Has Ceded Control of Its Site. The Result: Thousands of Banned, Unsafe or Mislabeled Products” and “Amazon Changed Search Algorithm in Ways That Boost Its Own Products“, show what a wretched hive of scum and villainy Amazon has become. (Let me […]

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Another School Leadership Disaster: Private Companies Work an Insider Game to Reap Lucrative Contracts

Lambert here: More corruption in the professional class. 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 […]

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Was the Gap Ever Cool? A Look at 50 Years in Denim and Khaki

In 1969, Donald Fisher was a 40-year-old real estate professional who had a big problem finding Levi’s that fit him properly. His solution became the Gap. Fisher and his wife, Doris, opened the first location of the retail chain on Ocean Avenue in San Francisco, a short walk from the state university campus. For three […]

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FAA Hoist on Its Own Boeing 737 Max Petard: Multiagency Panel to Issue Report Criticizing Agency Approval Process, Call for Certification Changes

The FAA evidently lacked perspective on how much trouble it was in after the two international headline-grabbing crashes of the Boeing 737 Max. It established a “multiagency panel” meaning one that included representatives from foreign aviation regulators, last April. A new Wall Street Journal article reports that the findings of this panel, to be released […]

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CalPERS Election Corruption: Huge and Illegally Opaque Dark Spending Against Pro-Accountability Candidate JJ Jelincic

It’s astonishing to see the ferocity of the effort to turn the tide against JJ Jelincic, the favorite to win the election for the CalPERS retiree board seat. It isn’t just that CalPERS is too obviously trying to fix the election, or that board members and employees are violating anti-corruption laws by using state resources […]

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CalPERS, Treasurer Fiona Ma, Board Members David Miller and Theresa Taylor, and CalPERS Employees Engage in Illegal and Dishonest Electioneering Against Candidate JJ Jelincic

On Sunday, we documented one of the illegal and desperate measures CalPERS and its election vendor, K&H Printing, are taking to try to defeat JJ Jelincic, the favorite in current election for the retiree seat, which is the use of see-through ballot envelopes that expose the voters’ choice. Making votes visible through the sealed envelope […]

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California Privacy Law Looms

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. As the Trump administration seeks to upend the influence California has in setting national fuel emissions policy for the auto industry, the new California Consumer Privacy Act (CCPA is scheduled to come […]

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States Pass Record Number Of Laws To Reel In Drug Prices

Yves here. These efforts to tackle drug price gouging are long overdue, but a state-by-state effort is still piecemeal. But another dirty secret seems to be how arbitrary the consumer price is. I don’t have a pharmacy plan, but my meds are covered, which means I see what the prices are because I pay them […]

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Here Are Photos of Some of the Dilapidated Equipment San Francisco Wants to Buy from Bankrupt PG&E for $2.5 Billion

Yves here. These PG&E pix are scary! This is in San Francisco, where access to equipment ought to be easy. But Wolf seems to be skipping over a point. By buying this shoddy equipment, San Francisco is also presumably paying a premium to step in as the electrical provider. What is that worth? It may […]

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Who’s Responsible for the Ecocide in the Amazon

Yves here. This post makes what may seem to be a basic point about the hidden hand of ideology and corporate backers, but it is interestingly often lost. Plus the “ecocide” frame is important. By Juan Manuel Crespo, an Ecuadorian sociologist, political scientist and photographer. He is engaged in action-oriented social research at the Institute […]

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Democratic Presidential Candidates Face 7 Hours of Tough Questions on Climate Change, From Fracking to Fossil Fuels

By Sharon Kelly, an attorney and freelance writer based in Philadelphia. She has reported for The New York Times, The Guardian, The Nation, National Wildlife, Earth Island Journal, and a variety of other publications. Originally published at DeSmogBlog. CNN’s Wolf Blitzer kicked off a seven-hour long town hall on climate change with an unambiguous message […]

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CalPERS’ Blatant Election and Mail Fraud: See-Through Envelopes for Completed Ballots; Illegal Electioneering by Treasurer Fiona Ma, Board Members David Miller and Theresa Taylor; Huge and Illegally Opaque Spending Against Challenger JJ Jelincic

CalPERS and its election vendor, K&H Printing, have implemented an illegal, non-secret ballot for the election currently underway, for the hotly contested retiree board seat. As we’ll describe, K&H Printing can readily see which candidate a voter has selected prior to treating the vote as having been submitted. This gives CalPERS the ability to discard […]

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North Carolina Did What SCOTUS Wouldn’t – Ended GOP Gerrymandering

Jerri-Lynn here. This Real News Network interview with Dan Vicuna, the National Redistricting Manager at Common Cause, where he manages the organization’s amicus brief campaigns in the Supreme Court, discusses how a  North Carolina state court panel recently stopped the GOP’s gerrymandering plan by ruling that the maps drawn for GOP-dominated voting districts violated the […]

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While PG&E Played a ‘Cat and Mouse Game’ With California Regulators, Where Was Kamala?

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. The Wall Street Journal published a comprehensive story yesterday, U.S. PG&E’s Long Record of Run-Ins With Regulators: A ‘Cat and Mouse Game, outlining Pacific Gas and Electric’s (PG&E) long history of breaking […]

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Private Equity and Surprise Medical Billing

By Eileen Appelbaum and Rosemary Batt Originally published at The Institute for New Economic Thinking website Surprise medical billing has become a critical issue facing Americans across the country because of purposeful corporate practices designed to increase profits. As hospitals have outsourced emergency rooms and other specialty care to reduce costs, private investors have bought […]

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‘Father Is Surgeon’: How Money Talked in USC Admissions Scandal

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Yesterday, the Wall Street Journal reported on emails sent among university officials at the University of Southern California (USC) that demonstrate how just heavily donations by  applicants’ families weigh in admissions decisions. […]

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Why Does Teen Vogue Need a Labor Column?

Jerri-Lynn here. Why not? Labor issues are certainly as relevant a concern to its readers as many topics the magazine regularly covers. And, I know Labor Day has passed, but this post is still germane. The Real New Network originally published this interview with Kim Kelly. Please make time to read Kim Kelly’s latest Teen […]

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