Category: Business
Activist Investors Score Surprise Win With ExxonMobil Board Seats
‘A Seismic Shift’ for Big Oil “The outcome is a sign that Exxon’s morally inept and fiscally questionable long-term climate strategy is finally catching up with it,” wrote one journalist. by Kenny Stancil, staff writer Wednesday,…
Native-owned SkyDance Brewing moving to its own location
by Jazz M. Wolfe, Gaylord News Monday, May 10, 2021 Oklahoma’s first Native American-owned brewing company, inspired by the recipes of the owner’s father, will open an independent location this summer. Jacob Keyes, a member of the…
The return of the Regulators
Like them or revile them, federal agencies seem poised to regain some of their traditional powers under the new administration. But it’s not clear how far President Biden wants them to go. by Jesse Eisinger, ProPublica…
Congressional report reveals manufacturers ‘knowingly’ sold toxin-tainted baby food
“This is what happens when you let the food and chemical companies, not the FDA, decide whether our food is safe to eat.” by Kenny Stancil, staff writer Friday, February 5, 2021 Leading baby food manufacturers…
Rathke: warehouse and distribution work, tough times at the choke points
New Orleans In the modern economy, warehouse, distribution, and logistical work has become critical for both big box stores, e-commerce, and transportation systems moving goods between all of these nodes and customers. Some 1.2 million…
“Trumpcare” does not exist. Nevertheless Facebook and Google cash in on misleading ads for “garbage” health insurance.
The thousands of “Trumpcare” ads Facebook and Google have published show that the shadowy “lead generation” economy has a happy home on the platforms — and even big names like UnitedHealthcare take part. by Jeremy B….
Dept. of Labor takes paid leave away from low wage healthcare workers
by Wade Rathke New Orleans This is complicated, so hang with me, but here is what you need to know. Nursing home workers and other frontline healthcare providers like home health aides, and community home workers…
City of Hoboken files climate suit against Exxon
‘The Most Ruthless, Deceitful, and Unapologetic Climate Polluters on the Planet’ “With climate costs surging everywhere and local budgets depleted, more and more communities are turning to the courts as their only recourse to make polluters…
Bezos grew record-setting $13 billion richer on Monday as poor and working class in US face financial cliff
“In ONE DAY Jeff Bezos made well over 4,000 times what the average American earns in their ENTIRE LIFETIME.” by Julia Conley, staff writer Tuesday, July 21 Days before the expiration of federal unemployment benefits is…
Trump gets no special protections because he’s president and must release financial records, Supreme Court rules
“[N]o citizen, not even the president, is categorically above the common duty to produce evidence when called upon in a criminal proceeding,” wrote Chief Justice John Roberts in the majority opinion. Follow the money. Investigators are…
Amazon’s new competitive advantage: putting Its own products first
Brands have long been able to bid for the premier slot at the top left of Amazon’s listings, but during the pandemic the online retailer has begun using this position for its private-label items, raising antitrust…
Coronavirus pandemic triggered ‘one of the greatest wealth transfers in history’
Small businesses are “dropping like flies,” said the “Mad Money” host. by Andrea Germanos, staff writer Friday, June 5 CNBC’s Jim Cramer said Thursday that that coronavirus pandemic has triggered “one of the greatest wealth transfers…
The secret, absurd world of coronavirus mask traders and middlemen trying to get rich off government money
The federal government and states have fueled an unregulated, chaotic market for masks ruled by oddballs, ganjapreneurs and a shadowy network of investors. by J. David McSwane Monday, June 1, 5 a.m. EDT It was 10…
A closer look at federal COVID contractors reveals inexperience, fraud accusations and a weapons dealer operating out of someone’s house
The Trump administration has promised at least $1.8 billion to 335 first-time contractors, often without competitive bidding or thorough vetting of their backgrounds. by Ryan Gabrielson, Lydia DePillis, J. David McSwane and Derek Willis, ProPublica, and…
Reopening in the COVID Era: How to adapt to a new normal
by Julie Appleby, May 8, 2020 As many states begin to reopen — most without meeting the thresholds recommended by the White House — a new level of COVID-19 risk analysis begins for Americans. Should…
Workers and bosses are caught in a reopening Catch-22
Pearl River In the United States when dealing with a program that is touted as a lifesaver for what will likely be fifty million unemployed workers and another program that is designed, ostensibly, to help…
‘Milestone Moment’ as JPMorgan Chase announces former Exxon CEO to no longer be Lead Director of bank’s board
The ousting of “America’s #1 climate denier” from the leadership position on the board of the largest global lender of fossil fuels is being welcomed by the climate movement. by Andrea Germanos, staff writer Saturday, May…
Why offering businesses immunity from coronavirus liability is a bad idea
by Timothy D. Lytton, Georgia State University Governors around the country are attempting to restart the economy by easing restrictions put in place to prevent the spread of COVID-19. The prospect of returning to “normal”…
Airbnb’s gray market is collapsing
Pearl River There were some pieces of the Airbnb business model that had appeal. Homeowners that were willing to open their own homes to visiting guests seemed like it could build relationships and even, dare…
The Amazon Lockdown: How an unforgiving algorithm drives suppliers to favor the e-commerce giant over other retailers
At a time when much of the retail sector is collapsing, Amazon is strengthening its competitive position in ways that could outlast the pandemic — and raise antitrust concerns. by Renee Dudley April 26, 5 a.m….
Medical staffing companies owned by rich investors cut doctor pay and now want bailout money
Companies that employ emergency room medical personnel, many owned by private equity firms, say they are reeling from vanishing demand for non-coronavirus care. But critics worry that bailout money would be a windfall for rich investors….
Why your local store keeps running out of flour, toilet paper and prescription drugs
by Nada R. Sanders, Northeastern University Retailers are frequently running out of everything from flour and fresh meat to toilet paper and pharmaceuticals as supply chains hammered by the coronavirus struggle to keep up with stockpiling…
AZ Governor Ducey Issues Executive Order halting evictions for small businesses and nonprofits
by Meteor Staff April 6, 2020 Arizona Governor Doug Ducey (R) today issued an Executive Order halting evictions in the state for small businesses and nonprofits that are unable to pay rent due to financial hardship…
Trump White House weighing tax cut for rich investors as workers and small businesses struggle
‘Smash-and-Grab Economics’ Critics slammed the Trump administration for considering “rewarding vulture capitalists profiting off a crisis.” by Jake Johnson, staff writer As desperate workers, the unemployed, and small businesses struggle to obtain benefits authorized under the…
