Hedge fund managers are pushing American firms to play Wall Street games instead of investing in technologies of the future. China doesn’t have that problem.
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
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…
4 Burning Questions on the Global Vaccine Rollout
Warnings of “corruption and incompetence coming together,” as economists William Lazonick and Öner Tulum study the race to end the pandemic.
‘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…
Trump sets up pharma billionaires for coronavirus payday
“…And although Regeneron has committed to selling some of the antibodies to the government, which in turn is obligated to distribute them “to the American people at no cost,” according to the government’s July 6 agreement, that deal applies only to…
The KPFA Evening News (interview with William Lazonick)
Interview of the president of TheAIRNet, William Lazonick, in KPFA evening news [Click HERE to listen the interview] via KPFA l by KPFA Evening News l October 10, 2020
Trump Cracks Down on Visas. Indian Firms May Benefit
“When President Trump suspended a raft of Visa programs in June, including temporary permits for highly technical foreign workers known as H-1B visas, he portrayed the order as a victory for the American work force. Further overhauls were in the works, he said…