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The practice is almost as old as the automobile itself, but in the digital age app-enabled ridesharing has seen an explosion in interest, threatening the commercial taxicab industry and the city officials who depend on that industry for revenue.
Imagine that you were starting your own auto mechanic business. Would you think it was a good idea to have a random, totally unrelated bunch of guys decide if the cars you fixed were safe enough to put back on the road? Would their judgement likely b
A bill in the Florida Senate would cut into craft beer-makers profit by forcing them to sell their bottled and canned beer directly to a distributor. If they want to sell it in their own tap rooms, they would then have to buy it back at 30-40% mark-u
One of the primary topics on this website since it was launched has been the extremely destructive and explosive rise of crony capitalism throughout the USA. It is crony capitalism, as opposed to free markets, that has led to the gross inequality in
Is Apple being given a hint to fork over more campaign contributions? The US Department of Justice has not only successfully sued Apple for arguably non-existent anti-trust violations in the e-book market. It has even demanded– and gotten– a court
This is a place where the president has no business at all. Just because CVS has decided not to carry tobacco any longer and to instead focus on the other highly addictive drugs which are prescribed by doctors every day, doesn’t mean the pres
All hail Chimera Incorporated! What, you think that corporation name sounds sinister? What kind of American are you, anyway? No, Chimera Incorporated is bringing us “The Kronies,” the awesome super-powered team that keeps this country big and strong
I have to say that I enjoy articles like this one by Mike Konczal in the New Republic. He argues that all the focus on crony capitalism is a “Right-wing” ruse. He argues that it is just a smear used by reactionary idiologues to tarnish this progressi
Somewhere, there is probably a “Wounded Heroes in Blue” roster that pays tribute to former New Jersey police officer Christopher Onesti, who retired on disability in 2006 following an on-duty incident in which he injured the ring finger of his left h
The Federal Reserve did not function as the nation’s central bank until 1922 when it fumbled and stumbled its way into an awareness of the power of a centralized mechanism for buying and selling U.S. government securities as a means of carrying out m
The U.S. government sold its last shares of General Motors Co (GM.N) on Monday, leaving taxpayers saddled with a total shortfall of about $10 billion on the automaker's 2009 bailout.
“The TPP, which is being negotiated behind closed doors by trade bureaucrats and nearly 600 corporate lobbyists, has provoked political uproar because its text has been kept secret from lawmakers in the countries it covers,”
Harry Binswanger’s 2011 praise of Goldman Sachs at Forbes.com ignores the context that the US does not have a free market economy. The US is a mixed economy, whose financial sector is monopolized by banking cartels.
In some places one can not sell liquor on Sundays. The “Baptists” love this law as they hate booze. But the bootleggers like the law too, as without the law they’d be out of business. One could even throw in the alcohol cops (we still have them in Vi
Many companies hope to send an employee into a government agency to influence regulation. How much better if the employee can actually shape government regulation to promote and sell a specific product! Monsanto seems to have accomplished this — and
For most of US history, crony capitalism has been in a struggle with free-market capitalism for the heart and soul of the American economy. For the past half century, crony capitalism has been gaining the upper hand. There are many reasons why, all o
How did Ireland get into this immense cavern of debt? Irish leaders decided that it was in the best interest of the country to bail out its failing banking system and guaranteed all of their banks deposits, loans and bond liabilities.
Hillary Clinton spoke at 2 separate Goldman Sachs events on October 24th and 29th. Clinton’s fee is about $200,000 per speech, meaning she likely netted around $400,000 for her paid gigs at Goldman in 6 days.
If true, it's a big revelation of the scope of power that the government held over GM during the worst days of the recession. Power and threats like that are often spoken of, though rarely in such explicit terms. Even still, there's not much of an ex
Why are so few financial fraud cases brought, especially against individuals? George Packer interviewed the US Attorney for the Southern District of New York, Preet Bharara, in a New Yorker profile in June of 2011 and they discussed the obstacles to
Failing to provide sick prisoners with needed care turns out to be pretty good for Corizon's profits. http://aclu.org/corizon #prisonprofiteers This video is part of the Prison Profiteers series produced in partnership with the ACLU and The Nation.
Do you need any more proof about who is calling the shots in this country than the fact that the CEOs of the TOO BIG TO TRUST Wall Street are meeting face to face with Obama in the midst of a government shutdown “crisis”?
“the prevalence of prison occupancy guarantee provisions in prison privatization contracts.” 65% of the contracts contained occupancy requirements that ranged between 80% and 100%–with 90% being the most frequent quota guarantee.
It’s an outcome that has vexed the public since the financial crisis of 2008. The government says there is wrongdoing at a large bank and makes it pay a fine. But senior executives who seemed to play a role in the missteps are not singled out for
According to Natural News, a growing body of evidence does connect GMOs with health problems, environmental damage and violation of farmers’ and consumers’ rights.
Google founders Larry Page and Sergey Brin may have to dig deeper to operate their fleet of private jets, after the US ended an arrangement that for years allowed the billionaires to travel on sharply discounted jet fuel bought from the Pentagon
The public agency that owned the World Trade Center sold its naming rights to a nonprofit more than two decades ago for $10 and now pays thousands of dollars a year to use the name, according to a published report.
The history of big oil corporations and whose behind them. Crony Capitalism is really fascism. They're using our tax dollars to enhance their power and wealth.
Apparently Congress no longer has to appropriate money for the federal government to spend it. Under the Dodd-Frank Act, Congress put the new Consumer Financial Protection Bureau inside the Federal Reserve. This was a horrific violation of the Con
The Department of Labor has approved a lavish unemployment benefit for laid off Boeing workers. They will receive unemployment benefits 5 times longer than other workers, taxpayers will pay 90% of any expenses related to interviewing for another job
