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+10 +2
Wikileaks Exposes the TPP as a Capitulation to Corporate Interests
Kevin Zeese: Obama administration's Fast Track authority plan derailed by bipartisan outrage.
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+21 +1
The Law Firm That Works with Oligarchs, Money Launderers, and Dictators
One purpose of a so-called shell company is that the money put in it can't be traced to its owner. Say, for example, you're a dictator who wants to finance terrorism, take a bribe, or pilfer your nation's treasury. A shell company is a bogus entity that allows you to hold and move cash under a corporate name without international law enforcement or tax authorities knowing it's yours. Once the money is disguised as the assets of this enterprise—which would typically be set...
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+3 +1
6 astounding facts about our super-rich Congress
Altogether, its members are worth billions. Not bad for one of the least productive Congresses in U.S. history
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+2 +1
Obama says Elizabeth Warren, other liberals ‘wrong’ on free trade
President Obama said Tuesday that liberal critics including Sen. Elizabeth Warren are “wrong” about the negative impact of his massive proposed free-trade deal with Pacific-rim nations, and he called on Congress to give him the power to negotiate the agreement swiftly.
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+21 +1
Here Is The Stunning Utter Failure Of The Republican Led Congress In One Chart
The first 170 days: Republicans passed zero jobs bills but raised the deficit by $610.7 billion dollars by passing more permanent tax cuts for the rich/corporations while voting to raise taxes on middle class families with children.
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+29 +1
Carl Icahn Is Making a Brazen $150 Million Bid to Buy Congress
When people talk about money in politics, they invariably focus on elections — on the insidious role played by outside groups to push into office those with hidden political agendas.
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+57 +1
Chris Hedges: TPP Is the Most Brazen Corporate Power Grab in American History
The release Thursday of the 5,544-page text of the Trans-Pacific Partnership—a trade and investment agreement involving 12 countries comprising nearly 40 percent of global output—confirms what even its most apocalyptic critics feared. “The TPP, along with the WTO [World Trade Organization] and NAFTA [North American Free Trade Agreement], is the most brazen corporate power grab in American history,” Ralph Nader told me when I reached him by...
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+47 +1
These Walmart Workers Are Taking Extreme Measures to Expose Corporate Greed
As Walmart workers gear up for protests at stores across the country on Black Friday, many will continue fasting for higher wages to feed themselves and their families. Some workers have fasted for as many as 15 days, and will stop after Thanksgiving, to call attention to the retail giant's low wages, and to the fact that workers sometimes cannot afford to put food on the table—especially around the holidays.
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+50 +1
Patent troll claims HTTPS websites infringe crypto patent, sues everybody
The latest batch of cases was lodged November 25. The cases name AT&T, Costco, Expedia, GoPro, Groupon, Netflix, Pinterest, Shutterfly, Starwood Hotels, Target, and Yahoo, among others. All the lawsuits include virtually identical language. "Defendant has committed direct infringement by its actions that comprise using one or more websites that utilize Elliptic Curve Cryptography (“ECC”) Cipher Suites for the Transport Layer Security...
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+20 +1
2nd December 2001 - Enron files for bankruptcy
Enron Corporation files for Chapter 11 bankruptcy protection in a New York court, sparking one of the largest corporate scandals in U.S. history.
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+25 +1
Profit and Abuse at Homes for the Profoundly Disabled
While evidence of abuse of the disabled has piled up for decades, one for-profit company has used its deep pockets and influence to bully weak regulators and evade accountability
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+19 +1
The Business of Charter Schooling: Understanding the Policies that Charter Operators Use for Financial Benefit
This research brief details some of the prominent ways that individuals, companies, and organizations secure financial gain and generate profit by controlling and running charter schools.
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+52 +1
With Fixed Costs And Fat Margins, Comcast's Broadband Cap Justifications Are Total Bullshit
For a while Comcast tried to pretend that its slowly-expanding usage cap "trials" were about managing network congestion. At least until leaked Comcast documents, the company's top engineer, and the cable industry's top lobbyist all confirmed that justification was bullshit (caps don't really help manage congestion anyway). Since then, Comcast has veered away from any hard technical explanation for the glorified price hike, instead focusing on the ambiguous claim...
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+46 +1
Why Are Corporations Hoarding Trillions?
There is an economic mystery I’ve been struggling to understand for quite some time, and I’m not the only one who’s confused: Among financial experts, it is often referred to as a conundrum, a paradox, a puzzle. The mystery is as follows: Collectively, American businesses currently have $1.9 trillion in cash, just sitting around. Not only is this state of affairs unparalleled in economic history, but we don’t even have much data to compare it with...
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+10 +1
Walmart Closures Leaving Small Towns 'Broken,' Residents Say
Residents say Walmart closings have left their small communities "broken."
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+31 +1
Martin Shkreli’s troubles deepen—from allegations of fraud to IP infringement
Embattled former pharma CEO Martin Shkreli's legal troubles deepened Tuesday when the poster child for greed was sued for copyright infringement in connection to the $2 million Wu-Tang Clan hip-hop album he bought last year. Shkreli is the founder and former CEO of Turing Pharmaceuticals who became reviled for increasing the price of a life-saving drug by more than 5,000 percent last year. He also faces unrelated federal criminal...
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+26 +1
Obama criticizes companies that leave U.S. for lower taxes
President Obama made a forceful case Tuesday for stopping corporations from moving their headquarters overseas to avoid U.S. taxes, saying they are taking advantage of the American economic system and saddling the middle class with the bill. These companies “effectively renounce their citizenship,” Obama said at a White House news briefing. “They declare that they’re based somewhere else, thereby getting all the rewards of being an American company without...
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+38 +1
Don't sign Trans-Pacific trade deal, Nobel winning economist tells Ottawa
Nobel Prize-winning economist Joseph Stiglitz says the Trans-Pacific Partnership may well be the worst trade agreement ever negotiated, and he recommends Canada insist on reworking it. "I think what Canada should do is use its influence to begin a renegotiation of TPP to make it an agreement that advances the interests of Canadian citizens and not just the large corporations," he said in an interview with CBC's The Exchange on Thursday.
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+30 +1
Police arrest 400 at U.S. Capitol in protest of money in politics
Police arrested more than 400 protesters outside the U.S. Capitol on Monday from Democracy Spring, an organization seeking to remove big money from politics and combat restrictive voter identification laws. The mostly calm and orderly demonstration resulted in arrests for what the U.S. Capitol Police called "unlawful demonstration activity" such as crowding and obstruction. Organizers vowed to repeat the demonstration every day for a week.
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+35 +1
When Lobbying was Illegal
Wouldn’t it be nice if lobbying were illegal? It’s a tempting thought. But it seems impossible. Lobbying is a multi-billion dollar industry and an accepted—if hated—part of American politics. American courts have ruled that lobbying is constitutionally protected free speech, and lawyers and laymen alike generally accept this. The same is true of more indirect lobbying, like the Citizens United Supreme Court ruling that allows businesses to...
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