Meet the “New Koch Brothers” – the Hedge Fund Activists Wrecking America’s Green New Deal

“…Economist Matt Hopkins, who studies business corporations, stresses that as a taxpayer, you are asked to support such companies not only in the form of direct subsidies, but also indirectly through government-supported research. Not to mention all sorts of tax…

‘Sick’: Most Profitable US Companies Fired Workers, Enriched Shareholders During Pandemic

“…An in-depth investigation published Wednesday by the Washington Post illuminates how “big businesses are having a very different year from most of the country,” which is suffering as a result of the federal government’s negligent response to the ongoing public health catastrophe and inadequate provision of financial assistance…

America’s biggest companies are flourishing during the pandemic and putting thousands of people out of work

“…Companies often buy their own stock during difficult economic periods to signal to the market that management still believes in their prospects. But those buybacks also mean companies are taking money that could have been invested into employees and innovation…

The COVID-19 Pandemic Exposes Fatal Health Inequities

“…Financialization furthers the restructuring of production both vertically and internationally, creating global production networks and enabling firms to raise prices (cost mark-ups), increase profits, and boost shareholder values. At the same time, financialization reduces investment to sanction higher dividend payments,…

The myth of the ‘efficient’ private sector has been busted by Covid

“Last Friday, as towns and cities across the UK faced up to renewed lockdown restrictions, executives at Serco had reason to celebrate. Serco is one of the dozens of private companies that have been contracted by the Westminster government to…