Toronto City Council defies mayor, demands open, neutral municipal broadband

Inaugural_meeting_city_council,_Toronto,_9th_January_1911

After years of fumbling, deference and mismanagement, Canada's telcoms regulator, the CRTC, laid down a landmark net neutrality rule and demanded that Bell, the nationally founded telcoms giant, would have to share its infrastructure with new entrants to the market. Read the rest

Who funds the "Millennials Rising" Super PAC? Rich old men.

gg7

They started as "Millennials for Jeb" and now they're called "Millennials Rising," but since the beginning, the dark-money-spouting Super PAC has been 95% funded by rich white guys over the age of 60. Read the rest

Guess who donated all the money to Black Americans for a Better Future Super PAC? Rich white men.

Howell - Teddy

The Super PAC has $417,250 to spend on the upcoming election. $400K of that came from Robert Mercer, a white billionaire hedge-fund titan who is the major funder of the Ted Cruz campaign. Read the rest

The Onion's new owner is Hillary Clinton's most lavish financial backer

onion-hillary-site-v4-promo

Univision, a hugely successful Spanish language broadcaster, bought humor newspaper/site The Onion two weeks ago, and in so doing, transferred control over a site that has produced scathing comedy at Hillary Clinton's expense to Haim Saban, millionaire financier and Democratic power-broker, who calls Clinton "pristine plus" and "great for the country and great for the world." Read the rest

Microsoft billionaire Paul Allen wipes out coral reef with his superyacht

Reef-damage

The anchor chain of the MV Tatoosh, the 43d largest yacht in the world, destroyed 14,000 square feet worth of reef in the Caymans' West Bay replenishment zone, wiping out more than 80% of the reef. Read the rest

All your booze comes from a handful of titanic global corporations

Duff_lite_&_dry

Mergers and acquisitions mania: not just for banks, oil companies, publishing, movie studios, airlines, cable, phone companies, retail chains and family restaurants anymore. For years, the booze industry has been quiety homogenizing, as hedge-fund-fueled megafauna gobbles up smaller firms and even huge rivals, leaving behind a landscape where your "Mexican" tequila, "Irish" whiskey, "Scotch," "Puerto Rican" rum, and other bar standbys are all owned by a "British" company that claims it makes all its profits in The Netherlands. Read the rest

Tim O'Reilly schools Paul Graham on inequality

16646687218_6c811fd867_b

Y Combinator founder and essayist Paul Graham's essay on the inevitability -- and desirability -- of income inequality sparked many scathing rebuttals, some of them quite brilliant, but the best so far comes from Tim O'Reilly, one of technology's towering figures. Read the rest

Company that pampers rich people at Burning Man won't give up

fcs_facebook-665x375

"Festival Concierge Service" is a European company that advertises a pampered, all-inclusive Burning Man trip to wealthy people -- a major no-no at the festival. Despite being blacklisted, ejected and legally threatened by the Burning Man organization, they refuse to give up. Read the rest

Research: increased resident participation in city planning produces extreme wealth segregation

056c026d-1c66-4d42-9fae-a8e96df290c5-1020x917

Urban planning advocates like Jane Jacobs argued that people who live in neighborhoods should be active in the planning decisions around their homes. Read the rest

Jeremy Corbyn proposes ban on dividends from companies that don't pay living wages

7ffff023a5dcbbf384e7b316c0e33029

The left-wing leader of the UK Labour Party has set out a pair of proposed reguations for British limited liability corporations that will challenge their ability to sponge off the tax-payer and enrich themselves and their shareholders in so doing. Read the rest

US Treasury Dept wants to know which offshore crimelords are buying all those NYC and Miami penthouses

9069359_b10168b971_o

It's an open secret that the world's luxury property boom is being driven by crooked rich people in the former Soviet Union, Asia, and Sub-Saharan Africa who have looted their homelands and want to stash the money out of reach of any new dictators who might come along and change which oligarchs are favored and which are not. Read the rest

Income inequality makes the 1% sad, too

wpid-screenshot_2014-03-04-08-14-24-11.png

A study from the notorious socialists at the Harvard Business Review analyzed data from the Gallup World Poll and the World Top Incomes Database and found that in countries with a large degree of wealth inequality, "levels of life satisfaction" go down, and "negative daily emotional experiences" go up, for all populations, including the richest. Read the rest

Rich Americans are embarrassed by Donald Trump

TrumpTower

It must suck to have spent good money on an office or apartment in an upscale business with "TRUMP" on the front of it, only to wake up one morning and discover that your real estate investment has forever become synonymous with a crass, racist, sexist election campaign. Read the rest

Sympathetic Bernie Sanders profile in Bloomberg Businessweek

19199400883_6db786ce0d_b

Joel Stein paints an incredibly sympathetic portrait of Sanders, painting him as a genuine true believer whose political tenures have been marked by equitable successes that benefited all his constituents, not just the rich and powerful. Read the rest

Why Americans can't stop working: the poor can't afford to, and the rich are enjoying themselves

c4JrOJqVLG2rYS8.wJJf1g_b

Ever since Keynes's seminal 1930 paper Economic Possibilities for our Grandchildren predicted that technological progress would virtually eliminate work by making labor much more productive, economists have puzzled over why Americans' working hours have gotten longer and longer, until they are some of the longest in the world. Read the rest

Thomas Piketty on Thomas Piketty

Piketty_in_Cambridge

Crooked Timber's fascinating seminar on Thomas Piketty ran all through December, presenting arguments from economists, social scientists and political theorists from around the world on Piketty's seminal Capital in the 21st Century. Read the rest

WATCH: stirring call for networked, global resistance to catastrophe and corruption

animation

Zikzak sends us, "a beautiful, six-minute vid calling for networked global resistance in the face of the many catastrophes overwhelming the world. By the Woodbine collective, a DIY media project in NYC." Read the rest

More posts