“Against the backdrop of President Ronald Reagan’s deregulatory drive in the 1980s, restrictions on buybacks were loosened, executives were granted a safe harbor from stock-price manipulation charges and a culture of “shareholder value” was born. A wave of hostile takeovers…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Building and tearing down walls
By Harold Meyerson “One of the makes-sense-but-we-didn’t-expect-it consequences of the coronavirus pandemic has been the at least rhetorical support that centrists, conservatives, and Republicans have given to what until a couple of weeks ago had been left-wing ideas—many of them…
When will financial markets hit bottom: The past may not hold any clues
By Gretchen Morgenson “The coronavirus has ripped United States financial markets from their moorings. Even veteran investors say they’ve never seen the turbulence across all markets that we have experienced in recent days, making it extremely difficult to use the…
President Trump joins Democrats in calls to block share buybacks
By Jacob M. Schlesinger “As Congress rushes to bail out industries slammed by the coronavirus pandemic, President Trump has joined Democratic lawmakers demanding corporate aid include new restrictions on the stock buybacks that executives use to support the value of…
Share buybacks enable predatory value extraction
By Jomo Kwame Sundaram “‘Getting government out of the way’, the neoliberal ‘free market’ mantra, was supposed to boost private investment. Instead, business investment has declined as a consequence. Many economies now seem incapable of making much needed investments to…
Stock market bubble no basis for shared prosperity
By Jomo Kwame Sundaram “The US is currently still in a stock market bubble which, if history is any guide, is likely to end, perhaps soon due to Covid19. President Trump would, of course, like to sustain it to strengthen…
Les enterprises rachètent leurs propres actions: Explications
By Loïs Siggen Lopez [Click HERE to watch the interview] (in French)
Democrats biggest threat in 2018
By Ronald Brownstein “The biggest threat to Democrats in the 2018 election may be the risk of repeating their biggest mistake in the 2016 election. That mistake was Hillary Clinton’s decision to focus almost all of her effort on convincing…
House Democrats demand fair drug pricing for taxpayer-funded coronavirus vaccine or treatment
By Rep. Jan Schakowsky “Today, Congresswoman Jan Schakowsky, a Senior Chief Deputy Whip and Chair of the Energy and Commerce Consumer Protection and Commerce Subcommittee, led 45 of her colleagues in sending a letter to President Donald J. Trump to…
House Democrats Demand Fair Drug Pricing For Taxpayer-Funded Coronavirus Vaccine or Treatment
“We are concerned that your Administration has already indicated its willingness to invest heavily in public-private partnerships without any conditions in place to guarantee affordable drug pricing and access. On February 4, 2020, the HHS Biomedical Advanced Research and Development…