Elon Musk is spending $45m a month to elect Trump. Let’s boycott his companies | Robert Reich
I have long argued that the concentration of great wealth in the hands of a few undermines our democracy. Elon Musk is emblematic of those concerns. Wealth is most dangerous when it is transformed into political power. One way Musk is turning his enormous wealth into political power is commit $45 million/month New Super PACs […]
FTC launches investigation into surveillance pricing tactics of credit card companies
The Federal Trade Commission ordered eight companies to share information about surveillance pricing to study its effects on privacy, competition, and consumer protection. In a press release, the FTC announced it had issued orders to Mastercard, Revionics, Bloomreach, Chase, Task Software, PROS, Accenture, and McKinsey & Co. The agency said these eight companies use artificial […]
Paid summer internships plunge as major US banks, companies trim costs
Wall Street banks and other large companies are cutting paid summer internships in an effort to cut costs, reportedly increasing competition for the few attractive jobs that remain. Goldman Sachs is hiring 200 fewer summer analysts this year than it will for 2023, while JPMorgan is cutting its summer analyst class by 600, more than […]
AZ Supreme Court Says No to Sweetheart Deals for Private Companies
Estimated Reading Time: 2 minutes In a major victory for taxpayers, the Arizona Supreme Court ruled unanimously today that the city of Peoria violated the state Constitution’s Gift Clause when it gave away nearly $2.6 million to two private businesses who promised nothing in return to the public, but only to run their own businesses for their own private […]
LEGENDARY companies make shocking anti-woke changes
People across the US are undoubtedly tired of the virus infiltrating every aspect of their daily lives, but they’re not alone in feeling that way. “It’s not just individuals waking up now. Big corporations, which have been the main drivers of this whole waking nonsense thing, are waking up too,” explains Dave Rubin of The […]
Tucson Isn’t Diverse Enough to Attract Big, Rich Companies
Estimated Reading Time: 2 minutes Tucson can’t win. Although the city is 43% Latino, it isn’t diverse enough to attract big, rich companies. It will have to accept its fate of having a poverty rate twice the national average, along with a corresponding high crime rate, substandard K-12 schools, and college graduates who leave for more prosperous […]
Related Companies to build 1,200-foot skyscraper on Madison Avenue
Related Companies plans to build a 1,200-foot-tall skyscraper on Madison Avenue, Related CEO Jeff Blau told Realty Check. Cloudbuster, which would include luxury condominiums, shops and possibly a hotel, is planned to be built at 625 Madison Ave., including the adjacent 39 E. 58th.Number St., the former location of restaurant Lavo. Related’s desire to build […]
CCP Requires Party Cells in All Foreign Companies in China
Estimated Reading Time: 2 minutes You mean companies that operate in China have to sell out their ethics to be in the country? Who knew? All the way back in 1993, the mass murdering Chinese Communist Party (CCP) was already requiring all foreign companies operating in China to have an internal CCP cell. And no, […]
Elon Musk threatens to sue major companies over ‘advertising boycott racket’
Billionaire Elon Musk on Thursday threatened legal action against a coalition of some of the world’s largest companies over an “ad boycott scam” that has contributed to a decline in revenue for his social media platform, X. Musk, who bought the company when it was known as Twitter for $44 billion in 2022, made the […]
Companies going bankrupt at the fastest pace since 2020 in ‘historic surge’
The US is experiencing a “historic surge” in corporate bankruptcies as debt-laden companies struggle to adapt to a new era of high interest rates. New figures announced S&P Global Intelligence Seventy-five companies filed for bankruptcy in June, the most in a single month since the peak of the COVID-19 pandemic in early 2020. This brings […]