Saturday , July 24 2021
Home / Tag Archives: Banana republic

Tag Archives: Banana republic

DoJ Bankruptcy Trustee Lambastes Provisions to Protect Sacklers in Purdue Bankruptcy Exit Plan as “Illegal”

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Last week, when I last wrote about the Purdue bankruptcy exit plan, it looked like the Sackler family would get to keep most of their fortune, and receive immunity from third-party lawsuits for claims related to the role they played in the opioids epidemic. Fifteen states had signalled, including previous stalwarts of state opioids litigation...

Read More »

Haiti Ruling Families Create and Kill Monsters

Yves here. Lambert has been seeking reader input and links on the uprisings taking place in many parts of the world, including Haiti, Cuba, and South Africa. This interview by Paul Jay with Jafrik Ayiti sheds light on the backstory in Haiti. Podcast: Play in new window | Download (Duration: 46:57 — 64.6MB) Subscribe Apple Podcasts | Spotify | Android | iHeartRadio | Stitcher | Blubrry | Email | TuneIn | Deezer | RSS The Haitian oligarchy collude with the U.S., Canada, foreign corporations...

Read More »

Hospital ‘Trauma Centers’ Charge Enormous Fees to Treat Minor Injuries and Send People Home

Yves here. Is it just me, or is Kaiser Health News spending a lot more time covering medical industry scams? Given the relentless upward march of health care costs, one has to assume that a rise in MBA-designed monstrosities like trauma center price-gouging is what’s driving greater media attention. Unfortunately, the perps are so shameless that mere press exposes likely won’t do much by themselves, at least until they force legislators to crack down. By Jay Hancock, Kaiser Health News Senior...

Read More »

California Senate Shoots Down CalPERS’ Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations

Is CalPERS’ influence in Sacramento finally slipping? While one robin does not make a spring, CalPERS’ arrogant and dishonest treatment of beneficiaries, the public, and as a result, California legislators, backfired in the form of a defeat on a private debt secrecy bill that CalPERS had touted as crucial to meeting its return targets. Yesterday, the California Senate Judiciary Committee shot down a CalPERS-only bill, AB 386, on a vote of 3 in favor, 4 opposed, and 4 abstentions. That level...

Read More »

Biden Targets Non-Compete Agreements, Which Restrict the Job Opportunities of Millions of Low-Wage Workers

Yves here. While Biden noticing that non-compete agreements are an economy-constraining employer abuse is a step forward, it’s not clear that his Administration intends to do anything more than hand wave, even though the practice has become ludicrously common. Recall that the excuse for non-compete clauses is that an employee might walk off with valuable know-how that helps someone else in their industry. But now these provisions have become common even for low level workers whose jobs are so...

Read More »

When Counterculture Goes Mainstream: A Dispatch from the 2021 Bitcoin Conference

Yves here. Please welcome Taryn Fivek, who technically is an economist but as you will see does un-economist-like things, such as conducting her own research and even worse, talking to real people. Here, a key finding from her participation in the 2021 Bitcoin conference is that even though the participants presumably have done well with Bitcoin, they see crypto as an ideological, even evangelical movement. Taryn gives a “You are there” sense of the confab. Maybe I’ve spent too much time in...

Read More »

Industry Calls the Climate Shots in the Biden Administration

Yves here. So what Biden promise did you choose to believe? “Nothing fundamental will change” which means among other things continuing Obama Administration headfakes like promoting environmentally destructive fracking and engaging in hand waves like joining the toothless Paris climate accords in the waning days of his second term? Or feel good campaign blather? It’s not hard to guess which pledge was the one that mattered. By Thomas Neuburger. Originally published at God’s Spies Don’t miss...

Read More »

America’s Afghan War Is Over, So What About Iraq – and Iran?

By Medea Benjamin, cofounder of CODEPINK for Peace, and author of several books, including Inside Iran: The Real History and Politics of the Islamic Republic of Iran and Nicolas J. S. Davies is an independent journalist, a researcher with CODEPINK and the author of Blood On Our Hands: the American Invasion and Destruction of Iraq At Bagram air-base, Afghan scrap merchants are already picking through the graveyard of U.S. military equipment that was until recently the headquarters of...

Read More »

New York City Subway Flooding Demonstrates Transit System Vulnerability to Climate Change

Yves here. Climate change reporting has had plenty of big stories to chase of late: baked Alaska, the superheated Pacific Northwest, oceans and Siberia burning, the odds of yet another bad fire season in California. But super heavy rains in New York City just produced severe subway flooding, and not with a hurricane Sandy storm surge as the proximate cause. The new normal of wilder weather puts even more stress on already creaky public transportation systems. By Jose Martinez. Originally...

Read More »

Trump Can’t Beat Facebook, Twitter and YouTube in Court – but the Fight Might Be Worth More Than a Win

Yves here. I must confess to not having read the Trump class action lawsuit against various major tech platforms. And one reason I haven’t is that the press accounts depicts the arguments as muddled. That is likely not to be media bias. The suits seeking to overturn key 2020 races were very poorly framed and substantiated. To me, the key issue is whether the legal case is adequate for the filing to survive a motion for summary judgement. I believe Trump’s core argument is that the tech media...

Read More »