Category: 9. Corporate Power is Protected
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Christmas for White House Correspondents
“At the same time, I find it so strange. The jokes that are funny are the ones that are true. And this joke about Fox News — same as other jokes about Fox News from previous correspondent’s dinners — are all about its extreme bias, horrible reporting, and so on. And everyone laughs at them. […]
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Confession Of A Wall St. Nihilist
I may have linked this before. “Let’s throw the book at every firm and every executive that our people can make a case against. Because you know, gosh, it’s all about rule of law and blind justice, just like Che says.’ OK, so now this means indicting just about every serious player in finance, so […]
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SCOTUS Knifes Class Action Law
“Honestly, lawyers making millions off class-action lawsuits doesn’t bother me anywhere near as much as the fact that now it’s de facto okay for a corporation to literally defraud millions of people for $20-$50 each on the basis that they could never be sued by those people through a class action. Class action lawyers were […]
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Faking It
“When you talk about federal spending, you’re overwhelmingly talking about Social Security, Medicare, Medicaid, and defense. And the bulk of the insurance — all of Social Security and Medicare, about 2/3 of Medicaid — is for the elderly and disabled. … Whenever someone talks about making government smaller, he should be asked which of these […]
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The Empty Pulpit
“This has been the signature failure of the Obama administration. Instead of standing on principle, Obama’s modus operandi has been to accede before the battle has really been joined. We have seen this repeatedly in the major issues of his presidency: the emasculation of the so-called “stimulus package”; the abandonment of the health care public […]
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64 Million Empty Apartments in China and New Ghost Towns Built Every Year
China is building ten new cities a year. The buildings and shops and malls remain empty. An Australian film crews go inside ghost towns that China won’t stop building to maintain their housing boom: From io9: Watch jarring footage of China’s massive ghost towns.
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Top 25 Hedge Fund Managers Reap $22 Billion in 2010
From the Times: Last year was very lucrative for some of the biggest and best-performing hedge funds’ chiefs. Wealth was so concentrated that a mere 25 people pocketed a total of $22.07 billion, according to this year’s annual ranking by AR Magazine, which tracks the hedge fund industry. At $50,000 a year, it would take […]
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CEO Pay Up 27%, Everybody Else 2%
It’s not a recession if you don’t feel it, right? Waiting for that trickle down. Surely this will mean more business investment and job creation instead of greedy hoarding: At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its […]
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Another Class War Diagram
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