Once again, government socialism – ultimately backed by taxpayers – is saving reckless midsized banks and their depositors. Silicon Valley Bank (S.V.B) and Signature Bank in New York greedily mismanaged their risk levels and had to be closed down. The Federal Deposit Insurance Corporation (FDIC), in return, to avoid a bank panic and a run on other midsized banks went over its $250,000 insurance cap per account and guaranteed all deposits – no matter how large, which are owned by the rich and corporations – in those banks.
The victims of the devastating 7.8-magnitude earthquake in Turkey and Syria need your help now. The surviving families and children and those rescued alive from the rubble are in serious danger in affected wintertime impoverished regions. Refugees in other places fleeing their war-torn homelands are also suffering. International aid agencies are grossly insufficient for these immediate humanitarian necessities.
The word “inequality” is everywhere in the media. It usually refers either to race, gender, rich vs. poor, or other differences between human beings. Absent from the public debate is the biggest perpetrator of “inequality” against human beings – the corporate entity itself.
The biggest business in America is stealing and defrauding the federal government, Uncle Sam and you the taxpayers. In terms of sheer stolen dollars, the total amount is greater than the annual sales of Amazon and Walmart over the past two years.
Big Pharma is getting a big payday as the latest data shows the companies behind the approved COVID-19 vaccines are profiting heavily. In fact, Pfizer & Moderna combined are expected to make around $18 billion dollars from their vaccines in just the third quarter of this year. Host of On Contact Chris Hedges joins In Question to discuss.
Documentary that looks at the concept of the corporation throughout recent history up to its present-day dominance. Since the late 18th century American legal decision that the business corporation organizational model is legally a person, it has become a dominant economic, political and social force around the globe.
Imagine you are a shareholder in a big company and the top executives are sitting on huge amounts of cash and are not interested in putting it to work through productive capital investments, research and development, reducing company debt or paying employees a higher wage. What would you want done about it? Since you and other shareholders are the owners of the company, you’d likely say “give us back our money in cash dividends.”
In this episode of Days of Revolt, host Chris Hedges speaks with author, consumer advocate, and former presidential candidate Ralph Nader. Together, they trace the advancement of corporate control in the U.S. political system. teleSUR
It’s Labor Day, and that means millions of Americans are celebrating. Most Americans have no idea what Labor Day is, other than self-serving political speeches, hot dogs, burgers, a pool party, and the last day of a three-day holiday. Few even know that Labor Day exists to allow people to remember and honor the struggles for respect, dignity, and acceptable wages and working conditions for the rank-and-file employees.
I’m a corporate whore of Congress,
One of many Wall Street bought.
From voting for their greedy laws
I’m richer than I thought!
My colleagues here in Congress
Can’t help but all agree,
That a corporate whore of Congress
Is the only way to be!
Internet privacy and net neutrality would become things of the past if the secret Trade In Services Agreement comes to fruition. And on this one, the secrecy exceeds even that shrouding the two better-known corporate giveaways, the Trans-Pacific and Transatlantic partnerships. Continue reading →
We live in the United States of Surveillance — with cameras increasingly positioned on street corners and with much more invisible spying online and on the phone. Anyone who is paying attention knows that privacy could be out the window. All of this is not happening by accident -well funded powerful agencies and companies are engaged in the business of keeping tabs on what we do, what we say, and what we think.
To many in the world, today, the face of America also has A BIG NOSE for sniffing and sifting mountains of data—phone calls, emails and texts. And with many mouths silenced by paranoia to keep what they decide is secret, secret. America has become a Surveillance-Industrial State where everyone’s business has become its business, and where one huge US intelligence Agency has been given the sanction and unlimited amounts of money to spy on the whole world.
Mass Surveillance is the focus of this new 6 part investigative documentary series examining who is watching whom and why.
If you haven’t yet heard of Ron Unz, you may soon. The conservative, successful software developer, theoretical physicist from Harvard and former publisher of the American Conservative magazine is launching a California initiative that asks voters in November to raise the state minimum wage to $12 per hour (it is now $8 an hour and is going to $9 an hour by July, 2014).