By Les Leopold | – ( Commondreams.org ) – The United States health care system—more costly than any on earth—will become ever more so as Wall Street increasingly extracts money from it. Private equity funds own approximately 9% of all private hospitals and 30% of all proprietary for-profit hospitals, including 34% that serve rural populations. […]
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Corporations
Tech “Visionaries” are Actually Holding back Progress with Bloated, Predatory Corporations
By Peter Bloom, >University of Essex | – Technological innovation in the last couple of decades has brought fame and huge wealth to the likes of Elon Musk, Steve Jobs, Mark Zuckerberg and Jeff Bezos. Often feted as geniuses, they are the faces behind the gadgets and media that so many of us depend upon. […]
How a Big Pharma Company Stalled a Potentially Lifesaving Vaccine in Pursuit of Bigger Profits
By Anna Maria Barry-Jester | – ( ProPublica) – Ever since he was a medical student, Dr. Neil Martinson has confronted the horrors of tuberculosis, the world’s oldest and deadliest pandemic. For more than 30 years, patients have streamed into the South African clinics where he has worked — migrant workers, malnourished children and pregnant […]
Getting Mad and Getting Even: Is California’s Climate Lawsuit against Big Oil a Gamechanger?
Reprinted from Tomdispatch.com : See the original site for Tom Engelhardt’s crucial introduction. ( Tomdispatch.com ) – The depths of depravity into which unvarnished capitalism can plunge mortal souls is incalculable. It should come as no surprise then that oil company executives and the officials of petrostates like Saudi Arabia have so assiduously lied to […]
Medicare Advantage Overbills Taxpayers by $140 Billion a Year — Enough to Wipe Out Medicare Premiums
Jake Johnson ( Commondreams.org ) – A report published Wednesday estimates that privately run, government-funded Medicare Advantage plans are overcharging U.S. taxpayers by up to $140 billion per year, a sum that could be used to completely eliminate Medicare Part B premiums or fully fund Medicare’s prescription drug program. Physicians for a National Health […]
Meeting Union Demands would be a Win-Win for Automakers
By Sonali Kolhatkar ( Otherwords.org) – The United Auto Workers (UAW), a union of nearly 150,000 workers at America’s “Big Three” automakers, are on strike. On the face of it, UAW’s demands sound audacious. They’re calling for a 46 percent pay raise and a four-day workweek, among other things. But in the broader context of […]
The Profiteers of Armageddon: Oppenheimer and the Birth of the Nuclear-Industrial Complex
( Tomdispatch.com) – Unless you’ve been hiding under a rock for the past few months, you’re undoubtedly aware that award-winning director Christopher Nolan has released a new film about Robert Oppenheimer, known as the “father of the atomic bomb” for leading the group of scientists who created that deadly weapon as part of America’s World […]
The Big Money behind the Fight to Ban Environmentally and Socially Conscious Investing
by Jessica Church ( Inequality.org ) – In a recent Gallup poll, the vast majority of Americans surveyed said they were not even “somewhat familiar” with the term “ESG.” But on Capitol Hill, Republicans have developed a fixation on the issue, holding not one but two intensely partisan hearings on the topic. “Republicans Are Losing […]
Game Over? Even BP and TotalEnergies are Shelling out $14.7 Bn. for Right to Build Baltic Sea Wind Farms
By Sören Amelang | – ( Clean Energy Wire ) – Oil majors BP and TotalEnergies pledged to pay a combined 12.6 billion euros [$14.7 bn.] for the right to build wind farms in the North and Baltic seas in the world’s largest ever offshore wind auction. Environmentalists hailed the result as a “quantum leap” […]