The senators highlight three parts of the TPP that could undermine current and future efforts to regulate Wall Street and prevent another financial crisis: (1) Investor-state dispute settlement (ISDS), which allows foreign companies or investors to sue governments for losses in expected profits; (2) “Market access” provisions that could prohibit restrictions on predatory financial products, like risky forms of derivatives; and (3) Limitations on governments’ ability to impose capital controls, which could stymie efforts to prevent future financial crises as well as efforts to pass a financial transaction tax.
Koch money seeks to be the new president of Florida State University and 300 others. What kinds of strings are attached to their money?
A family-feud over a New England supermarket chain is emerging as one of the most compelling labor fights of the summer as well as, observers note, a cautionary tale to corporate America about the value of treating one’s employees well.
Perhaps you’ve yet to hear of a little town called Fryeburg, Maine, USA. It sits on its own pristine aquifer, but once Nestlé subsidiary Poland Spring moved to town, residents noticed that their streams were getting smaller. It turns out, in its continued efforts to privatize water, the company was pumping the aquifer, and then selling the water back to town residents in bottles. Freyburg is fighting back, though.
The ultimate goal of trade treaties is to reconfigure the legal apparatus and superstructures that govern national, regional and global trade and business – for the primary, if not exclusive, benefit of the owners of the world’s largest multinational corporations.
The level of security at the recent mega-donor American Courage conference leads one to wonder—why such secrecy if the Kochs’ initiatives are in the best interest of the public?
Clearly the solution to destitution that leads to malnutrition and starvation is addressing the socioeconomic disparity that created it in the first place. But No. The monopolies that benefit from this disparity the most propose to feed the Third World with genetically modified gruel to make up for the fact that poor populations cannot access a normal, balanced diet.
Donna Smith: This blog is about corporate greed and willful disregard for the lives of millions of people. Today I am angry about how GM put me and everyone who rode in my car in danger even as my husband remained loyal to the US car maker.
Housing and consumer activists warn that Wall Street is about to crash the housing market — again. A housing market dominated by all-cash buyers may keep lending standards high, allowing big companies to further tighten their grip, and these companies sometimes prove to be lousy landlords.
Abby Martin interviews Pulitzer Prize-winning journalist, Chris Hedges, discussing wealth inequality, the unsustainable nature of the economic system, the military mind in solving world problems, and the antidote to defeatism.
At the federal level, the illusion of representative government is now over. With a few exceptions, for-profit interests have colonized government systems that were originally intended to serve people. The danger of allowing this virus to continue, of course, is that the casualty always eventually becomes life itself. Like any virus.
There’s no limit to corporations’ ability to draw profit while screwing over Americans. Tax-avoiding, consumer-exploiting big business leaders are largely responsible for these abuses. Congress just lets it happen. Corporate heads and members of Congress seem incapable of relating to the people that are being victimized, and the mainstream media seems to have lost the ability to express the views of lower-income Americans.
It is now almost certain that a popular revolt is coming. The refusal by the corporate state to address even the minimal grievances of the citizenry, along with the abject failure to remedy the mounting state repression, the chronic unemployment and underemployment, the massive debt peonage that is crippling more than half of Americans, and the loss of hope and widespread despair, means that blowback is inevitable.