Tag: Corporations

Biden Proposes Smaller Tax Increases Than Rivals Do

WASHINGTON — The Democratic presidential candidate Joseph R. Biden Jr. would raise taxes on high earners and corporations by at least $3.4 trillion over the course of a decade if elected, his campaign said Wednesday, releasing a set of plans that are far less aggressive than his more liberal rivals’. Mr. Biden would raise a […]

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Why the Searing Politics of the Trump Era Give Me Hope

As impeachment mania grips Washington, it is easy to descend into an ever-deepening political pessimism. But as odd as it may seem, for the first time in years, I’m optimistic about the future of American democracy. It might be because I’ve been reading more history and less news. And from the long arc of American […]

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Big Business Is Overcharging You

When Thomas Philippon moved to Boston from his native France 20 years ago, he was a graduate student on a budget, and he was happy to discover how cheap American telephone use was. In those days of dial-up internet connections, going online involved long local phone calls that could cost more than $10 apiece in […]

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McKinsey Faces Criminal Inquiry Over Bankruptcy Case Conduct

McKinsey & Company, the elite consulting firm that advises many of the world’s largest and most powerful institutions, is facing a federal criminal investigation of its conduct advising bankrupt companies, according to five people familiar with the matter. Prosecutors and other Justice Department officials in New York and Washington are trying to determine if McKinsey […]

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White House Pressed Car Makers to Join Its Fight Over California Emissions Rules

WASHINGTON — Monday’s surprise move by General Motors, Toyota and other auto giants to back President Trump in his fight with California over pollution rules came after days of White House pressure to support one of the administration’s biggest efforts to weaken climate regulations. Previously, many automakers had indicated to California that they would not […]

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Marc Benioff: We Need a New Capitalism

Capitalism, I acknowledge, has been good to me. Over the past 20 years, the company that I co-founded, Salesforce, has generated billions in profits and made me a very wealthy person. I have been fortunate to live a life beyond the wildest imaginations of my great-grandfather, who immigrated to San Francisco from Kiev in the […]

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The Virtuous Corporation Is Not an Oxymoron

At a time when the federal government is doing little to nothing on matters of great public concern — gun control, paid parental leave, higher wages, you name it — the corporate sector has been urged, pushed and sometimes shamed to fill in the gaps. This year Amazon decided, under pressure, to raise wages for […]

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China’s Big Brother Targets Business

BEIJING — China is funneling vast amounts of public and private data into huge databases aimed at tightening its control over its nearly 1.4 billion people. But the business world has become its biggest target. Beijing is increasingly amassing information now divided among various government agencies and industry associations — including court decisions, payroll data, […]

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Making Companies Act When Government Won’t

After recent mass shootings, including one in a Walmart in El Paso, Walmart’s chief executive, Doug McMillon, announced that his company would stop selling ammunition for military-style assault rifles, remove handguns from stores in Alaska — the only Walmarts still carrying them — and ask armed people in open-carry states to stay out of its […]

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The Forces That Are Killing the American Dream

TRANSACTION MAN The Rise of the Deal and the Decline of the American DreamBy Nicholas Lemann When the writer William H. Whyte coined the term “Organization Man” in his 1956 book of the same name, he did not mean it as a compliment. The book described the stultifying conformity of life in Park Forest, Ill., […]

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Walmart Enters the Gun Control Debate

Listen and subscribe to our podcast from your mobile device: Via Apple Podcasts | Via RadioPublic | Via Stitcher A month after a gunman killed 22 people at a Walmart store in El Paso, the nation’s largest retailer, said that it would stop selling ammunition used for handguns and military-style weapons and call on Congress […]

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The Original Evil Corporation

The rise and rise of giant oil and tech companies, with their campaign contributions, commercial lobbying, predictive data harvesting and surveillance capitalism, has lent a certain urgency to old questions: How are we to cope with the power and perils of multinational corporations and how can a nation-state protect itself and its citizens from corporate […]

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Why Uber Still Can’t Make a Profit

Listen and subscribe to our podcast from your mobile device: Via Apple Podcasts | Via RadioPublic | Via Stitcher Uber transformed American transportation and changed the United States economy. But a decade after its founding, the once-swaggering company is losing more money and growing more slowly than ever. What happened? [For an exclusive look at […]

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Did You Know Hasbro Now Owns Death Row Records? It’s True and We’re Not Playing Games

Children reach out to touch Mr. Potato Head as he stands on stage February 5, 2002, at a 50th birthday party for the popular children’s toy at Hasbros showroom in New York City. Photo: Spencer Platt (Getty Images) To all you toys out there, who don’t want to be under a parent company where the […]

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Business Groups Warn of Consequences as Trump’s Trade War Spirals

The latest whipsawing escalations in the United States’ trade war with China prompted a wide array of business organizations to warn over the weekend that American consumers and workers would soon be caught in the crossfire. It is now looking increasingly likely that few large American companies will be able to sidestep the toll exacted […]

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Why Isn’t Your Mutual Fund Sticking Up for You?

Growing inequality and stagnant wages are forcing a much-needed debate about our corporate governance system. Are corporations producing returns only for stockholders? Or are they also creating quality jobs in a way that is environmentally responsible, fair to consumers and sustainable? Those same corporations recognize that things are badly out of balance. Businesses are making […]

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One-on-One With Marianne Williamson

Listen and subscribe to our podcast from your mobile device: Apple Podcasts | Spotify | Google Play | RadioPublic | Stitcher Marianne Williamson has distinguished herself in the Democratic primary as a voice for the role of spirituality in American politics. This week on “The Argument,” Ross Douthat sits down with Williamson to discuss her […]

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What American C.E.O.s Are Worried About

Listen and subscribe to our podcast from your mobile device: Via Apple Podcasts | Via RadioPublic | Via Stitcher For decades, American corporations have prized profits for shareholders above all else. Now, the country’s most powerful chief executives say it’s time to do things differently. What’s driving that change? [For an exclusive look at how […]

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How Shareholder Democracy Failed the People

Democracy is a messy thing. Shareholder democracy may be even messier. For nearly a half-century, corporate America has prioritized, almost maniacally, profits for its shareholders. That single-minded devotion overran nearly every other constituent, pushing aside the interests of customers, employees and communities. That philosophy was rooted in an idea that has an air of nobility […]

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Is Josh Hawley the Future of the G.O.P.?

Listen and subscribe to our podcast from your mobile device: Apple Podcasts | Spotify | Google Play | RadioPublic | Stitcher Is Missouri Senator Josh Hawley the future of the Republican Party? This week on “The Argument,” Ross Douthat sits down with the first-term lawmaker to discuss the conservative case for cracking down on powerful […]

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Jeffrey Epstein and When to Take Conspiracies Seriously

The challenge in thinking about a case like the suspicious suicide of Jeffrey Epstein, the supposed “billionaire” who spent his life acquiring sex slaves and serving as a procurer to the ruling class, can be summed up in two sentences. Most conspiracy theories are false. But often some of the things they’re trying to explain […]

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Trump’s Trade War Is Breeding Patriots in China

BEIJING — Earlier this week the Chinese government aggressively devalued its currency — the clearest sign yet that it is hunkering down for a protracted fight with the United States over trade. Currency devaluation is the mother of all retaliations. The move, designed to help offset the Trump administration’s tariffs against China, could goad America […]

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