Formal group photograph of the Supreme Court Credit: Fred Schilling, Collection of the Supreme Court of the United States
Both alarm and concern were expressed Saturday in response to new reporting about a charitable group with close ties to the U.S. Supreme Court that has been soliciting and accepting donations from corporate interests and far-right activists with cases before the court.
The New York Times exposé focused on the activities and fundraising of the Supreme Court Historical Society, a nonprofit that claims its mission is “dedicated to the collection and preservation” of the Court’s history. Continue reading →
New federal disclosures reveal that major corporations poured donations into West Virginia Sen. Joe Manchin’s political action committee in the weeks leading up to his pivotal announcement Sunday that he would oppose the Build Back Better Act, a stance that progressives argue is motivated by the senator’s deference to special interests.
CNBCreported late Tuesday that Federal Election Commission (FEC) filings show that donors to Manchin’s Country Roads PAC raked in 17 contributions from corporations in October and 19 in November as he pared back and repeatedly threatened to tank Democrats’ $1.75 trillion social spending and climate legislation. Continue reading →
With threats of homelessness and bankruptcy in the air as the eviction moratoriums subside, both renters and small landlords are getting pinched by predatory tech capitalism as the gig-economy hits the real estate market.
In 2014, former Blackstone and Goldman Sachs investment banker Ryan Williams got together with his “college buddy,” Joshua Kushner – Jared’s brother – to form a real estate investment platform they called Cadre. Cadre sought to disrupt the real estate industry in the wake of the 2008 subprime mortgage crisis by tinderizing property deals through a tech platform that brought investors and sellers together. According to Williams, whose other investors include George Soros and Peter Theil, Cadre’s mission is “to level the playing field in an industry that is often tilted toward the biggest players” by taking an “offline” industry online and making it “transparent.”
A pre-Covid initiative to capitalize on its platform came in the form of the so-called “opportunity zones,” that Jared Kushner directly lobbied for inclusion in Trump’s 2017 Tax Cut and Jobs Act, billed as a funding mechanism to help poor and distressed communities, which turned into a multi-billion-dollar land heist by the wealthiest Americans, like the Kushner family. The pandemic lockdown protocols forced Cadre to downsize, laying off 25 percent of its workforce in March. Continue reading →
The new report “names those that are still okay with trying to make a profit from producing nuclear weapons.” (Photo: ippnw Deutschland/flickr/cc)
A new report offers a comprehensive look at who’s profiting from the new nuclear arms race.
“If you have been wondering who benefits from Donald Trump’s threats of nuclear war, this report has that answer,” said Beatrice Fihn, executive director of the International Campaign to Abolish Nuclear Weapons (ICAN), winner of the 2017 Nobel Peace Prize.
ICAN, along with Netherlands-based peace group Pax, released the report, entitled “Don’t Bank on the Bomb,” on Wednesday. It shows that 329 financial institutions in 24 countries invested $525 billion into the top 20 companies involved in the production, maintenance, and modernization of nuclear weapons from January 2014 through October 2017. Continue reading →
This story was co-published with The New York Times.
Mark Edelstein, a social media marketing strategist who is also legally blind, says he never had serious trouble finding a job until he turned 50. (Whitney Curtis for The New York Times)
A few weeks ago, Verizon placed an ad on Facebook to recruit applicants for a unit focused on financial planning and analysis. The ad showed a smiling, millennial-aged woman seated at a computer and promised that new hires could look forward to a rewarding career in which they would be “more than just a number.”
Some relevant numbers were not immediately evident. The promotion was set to run on the Facebook feeds of users 25 to 36 years old who lived in the nation’s capital, or had recently visited there, and had demonstrated an interest in finance. For a vast majority of the hundreds of millions of people who check Facebook every day, the ad did not exist.
Verizon is among dozens of the nation’s leading employers — including Amazon, Goldman Sachs, Target and Facebook itself — that placed recruitment ads limited to particular age groups, an investigation by ProPublica and The New York Times has found.
The ability of advertisers to deliver their message to the precise audience most likely to respond is the cornerstone of Facebook’s business model. But using the system to expose job opportunities only to certain age groups has raised concerns about fairness to older workers.
Several experts questioned whether the practice is in keeping with the federal Age Discrimination in Employment Act of 1967, which prohibits bias against people 40 or older in hiring or employment. Many jurisdictions make it a crime to “aid” or “abet” age discrimination, a provision that could apply to companies like Facebook that distribute job ads.
“It’s blatantly unlawful,” said Debra Katz, a Washington employment lawyer who represents victims of discrimination.
As the media continues to parrot American intelligence agencies’ as-of-yet unsubstantiated claims that Russia hacked the U.S. election, there is far more evidence to implicate an equally dangerous infiltrator: Goldman Sachs.
The infamous banking company, which was widely implicated in the 2008 economic crash, appears to have come out on top in the most recent U.S. presidential election.
On one hand, Goldman Sachs was hedging its bets on a Hillary Clinton victory. Considering the banking monolith was one of her top donors — and that she received harsh criticism for accepting hundreds of thousands of dollars in speaking fees from the firm — it’s clear the powerful financiers had every intent of influencing the election and politics in general. Continue reading →