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Tag Archives: Banana republic

Glenn Greenwald Resigns from the Intercept Over Censorship of Article on Hunter and Joe Biden

Glenn Greenwald resigned from the Intercept over its refusal to publish a story at odds with the prevailing narrative on the Hunter Biden laptop story, that it is a moshup of a nothingburger and a dastardly Russian plot. In Greenwald’s post on his departure, the Pulitzer Prize winning reporter not only describes how the Intercept has abandoned its founding mission of skeptical, hard-hitting, “no favorites” reporting and won’t even consider publishing the work of journalists who depart from...

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How Donald Trump Is Putting American Workers at Risk

Yves here. Oddly, or perhaps not, the press hasn’t paid much mind to the Trump Administration weakening worker protections, particularly OSHA. It’s been instructive to see the utter failure of the brunching classes to demand basic employee protections under Covid, like a requirement that any employer that requires employees to continue to come in to work provide a mask every day, and where appropriate, gloves. By Tom Conway, the international president of the United Steelworkers Union (USW)....

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Limited Liability: Profit Without Responsibility

Yves here. Sundaram provides an informative, high level discussion of the hazards posed by limited liability companies. One might add that they are less dangerous in a system with strong regulation, liability protection, and a legal regime that does not undermine class action litigation. The egregious case of the Sacklers and Purdue Pharma points to the need to be able to penetrate the corporate veil for fraudulent activity in combination with efforts to move assets out of the company to...

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Goldman Gets Off Easy in 1MDB Scandal Despite Further $2.9 Billion in Payments, Criminal Charge Against Malaysian Sub

Experts will tell you that a good negotiation leaves both sides feeling a bit bruised. I doubt that Goldman is feeling bruised over yesterdays’s multi-regulator settlement in the 1MDB scandal. Mr. Market certainly thought so; Goldman’s stock held its price on the announcement of the multi-regulator settlements yesterday that included $2.9 billion in fines and disgorgements. Among other things, the estimated $4.5 billion looting of sovereign wealth fund 1MDB between 2009 and 2014 led to the...

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Profits Over Human Life? ER Doctor’s Story Is Fearful Lesson for U.S. Workers During Pandemic

Yves here. While whistleblower Dr. Ming Lin has secured employment while pursuing damage claims against the hospital system and his immediate private equity employer, TeamHealth, for terminating him for speaking out against poor Covid procedures, it’s the medical version of exile to Siberia. Lin is now working in Rosebud, South Dakota for the Lakota, at least an 18 hours drive from his home. Even though Native American nations deserve first class care, the reality is that reservations by...

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U.S. Supreme Court Rejects GOP Call Not to Extend Deadline for Mail-In Ballots

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. In the first of what will no doubt be a series of blockbuster voting rights rulings or opinions in this 2020 electoral season, the U.S. Supreme Court let stand a Pennsylvania Supreme Court ruling to count mail-in ballots received within three days of November 3rd’s Election Day, even if they lack a legible postmark. For those keeping partisan score....

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Can Hunter Biden Be Both Right and Wrong, Both Innocent and Guilty? Yes He Can.

By Thomas Neuburger. Originally published at DownWithTyranny! The story that started the latest round of madness If you’re confused by the welter of reports around the Hunter Biden-purloined laptop story, don’t be embarrassed. The reporting is not just confusing, but confusingly told. Even if we divide the story into its two major parts — what the Post printed; what Facebook and Twitter did about it — and analyze them separately, things don’t become more clear. Large sections of each side’s...

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“Fiscal Cliffication” Continues as the Election Looms

By Nathan Tankus. Originally published at Notes on the Crises I haven’t written in detail about the prospects of a congressional fiscal package since the beginning of August. Since we’re two weeks out from an election, this seems important to revisit. Long time readers will remember that I’ve been an aggressive advocate of large fiscal support to the economy so that there weren’t major income and financial impacts from having to quarantine. As the prospects of a new deal become more remote, I...

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With Bankruptcies Mounting, Faltering Oil and Gas Firms Are Leaving a Multi-billion Dollar Cleanup Bill to the Public

Yves here. This is extremely frustrating. I scheduled this post how the oil industry is dumping huge costs on citizens and it didn’t fire as set in the backstage. Apologies. By Justin Mikulka, a freelance writer, audio and video producer living in New York who a degree in Civil and Environmental Engineering from Cornell University. Originally published at DeSmogBlog Amid a record wave of bankruptcies, the U.S. oil and gas industry is on the verge of defaulting on billions of dollars in...

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AOC and Other Top Progressives Urge Biden—If Elected—to Deny K Street, Wall Street Execs Top Cabinet Posts

Jerri-Lynn here. It’s grey and gloomy where I find myself holed up today. The grim prospects for this cross-post being addressed – progressives asking Biden not to staff his administration with the usual corporate suspects – perfectly matches my mood. Fat chance! I think there’s 0% of this happening. What’s the point of winning if you cannot take your chance to feed at the trough? Note also Democrats have tried similar pledges before and the devil has been in the details. Not much changed....

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