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Tag Archives: Regulations and regulators

Waste Watch: Right to Repair as Remedy for School Computer Shortage?

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. The New York Times featured a piece earlier this month about how the pandemic is worsening the digital divide and thus indirectly worsening inequality, The Digital Divide Starts With a Laptop Shortage. Yet while that account is a decent statement of that problem, it fails to highlight an obvious remedy: adopting a right to repair. Not only would such...

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Waste Watch: New York Begins Enforcing Plastic Bag Ban

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. The COVID-19 pandemic has upended many existing recycling policies, particularly those involving plastic. Now, while this may in effect be a bit of a blessing in disguise – as it highlights the flaws in our touching but misplaced faith in techno fixes such as calling for the recycling fairy to solve our plastic problem – the net effect of cancelling...

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EU Wins WTO Ruling on Boeing Subsidies, Following WTO Ruling for the US on Airbus Subsidies. Tariff War On?

The WTO issued a ruling in its biggest trade dispute ever: the tit for tat between Boeing and Airbus over government subsidies. Boeing started its action against Airbus in 2004; Airbus lodged its case against Boeing in 2005. Boeing won a ruling in its favor in 2019, permitting the US to impose tariffs on $7.5 billion of European goods; as we’ll see, the US has already started levying charges. The EU win allows Europe to impose tariffs on $3.99 billion of specified US goods, including Boeing...

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What Did Billionaire Leon Black of Apollo Get for >$50 Million in Fees to Jeffrey Epstein?

It turns out that the smoke around private equity kingpin Leon Black’s business dealings with convicted sex offender Jeffrey Epstein was a sign of a real fire. Four sources told the New York Times that Black wired Epstein at least $50 million in fees after Epstein’s 2008 conviction; two said Black could have paid as much as $75 million. Alert readers may recall that this is roughly the same level of money that Apollo spent in bribes, um, placement agent fees, to CalPERS. It’s never been made...

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Citi’s Recidivist Rule-Breaking and Incompetence Shows Persistence of Too Big/Complex to Fail Problem

Remember how lots of people, from Elizabeth Warren to Trump, and many before them, have called for breaking up the big banks? And that that hasn’t happened? We’ll use the latest round of regulatory wet-noodle lashing of Citigroup, the poster child of “too big to fail,” to help illuminate the supposed impediments to breaking up Big Tech. We’re now seeing a rehash of the “too complex to break up” assertions with the antitrust debates over Big Tech in the EU and even now in Congress. For...

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Pandemic Erects Barriers for Prized Bloc of Voters in Nursing Homes, Senior Facilities

Yves here. I would assume these retirement facility residents aren’t normally polled, so I wonder how they are included in voter models. But regardless, it’s inexcusable that they are being disenfranchised. Why isn’t the League of Women Voters insisting on 15 minutes of free air time at a Death Valley hour that seniors could watch, on a cheap cable channel like MeTV? And if they can’t get it donated, why isn’t some squillionaire like Mike Bloomberg willing to fund it? These problems are...

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CalPERS CEO Marcie Frost Says She’s Not in Charge and Lies to the Board About Receiving a Warning from the Fair Political Practices Commission

One of our favorite headlines was about the HUD Secretary during the foreclosure crisis: Memo to Shaun Donovan: Your Nose is Getting So Long You Need to Get a Hacksaw. We’ve resisted the temptation to reprise it with CalPERS CEO Marcie Frost as the Pinocchio wannabe. But yet another incident of Frost’s casual lying shows it to fit. Readers may recall that former CalPERS board member JJ Jelincic filed complaints with the Fair Political Practices Commission with respect to board member Theresa...

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Right to Repair Redux: Massachusetts Ballot Questions

This is Naked Capitalism fundraising week. 1725 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser,what we’ve accomplished in the last year, and our current goal, more original reporting. By Jerri-Lynn Scofield, who has worked as a securities lawyer and a...

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Why Don’t We Study Countries That Have Had COVID-19 Success?

This is Naked Capitalism fundraising week. 1536 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve accomplished in the last year, and our current goal, more original reporting. By Jerri-Lynn Scofield, who has worked as a securities lawyer and...

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WATCH: Katie Porter, Squad Members Eviscerate Big Pharma CEOs Over ‘Exorbitant’ Drug Prices

This is Naked Capitalism fundraising week. 1422 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve accomplished in the last year, and our current goal, more original reporting. Yves here. On the one hand, it’s gratifying to see...

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