Walmart heirs' net worth exceeds that of population of a city the size of Phoenix


It's grown 6,700% since 1983, to $144.7B in 2013 -- greater than the net worth of 1,782,020 average Americans.

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Consumer groups tell DoJ to block Comcast/Time Warner merger

If it goes through, Comcast will control an unimaginable swath of American Internet access -- that's a hell of a lot of power to give the Worst Company in America.

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Daughter of Hong Kong leader thanks "taxpayers" for diamonds on Facebook


Chai Yan Leung thanked the taxpayers who paid for it, and then dismissed her critics as non-taxpayers, since employed people wouldn't have time to comment on Facebook.

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Why the UK middle class should be rioting in the streets


Alex Proud, a lifestyle columnist for the right-of-centre UK daily The Telegraph, has an incendiary and essential column about the end-game of financialized capitalism, which, having destroyed the lives of working class people, has now set its sights on the middle class, as private equity firms buy up productive businesses, saddle them with debt, cash out huge dividends, and leave the businesses to collapse.

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World Intellectual Property Organization in shambolic chaos

Yesterday's WIPO General Assembly was the "worst ever," with rich and poor countries deadlocked over balanced copyright, fair use, and half a dozen other issues.

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Hong Kong protest: drone flyover

The throngs of Hong Kong pro-democracy demonstrators, captured by Nero Chan's drone.

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Eric Holder: creator of the "Too Big to Jail" bankster


While you contemplate Eric Holder's track record of surveilling, intimidating and indicting journalists, remember that he also invented the Too Big to Jail doctrine, the failed idea that the answer to breathtaking criminal activity by gigantic banks is big fines, not criminal prosecutions.

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Class war meets the War on General Purpose Computers


The subprime auto-lending business -- writing car-loans to people who can't afford them -- is fuelled by GPS-enabled immobilizers that let lenders track and shut down cars whose drivers violate terms of service, from missing payments to fleeing the tri-county area in order to move into a shelter for abused women.

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Jacob Appelbaum on Americans' false belief that the NSA isn't targeting them

Al Billings writes, "Jacob Appelbaum discusses the fallacy of Americans thinking that they won't be targeted, passive and active surveillance methods, AI and human analyst systems working together, satellite networks, deep packet inspection & injection, military contractors getting special access to surveillance programs, proprietary vs open source software, OTR messaging, hoarding exploits for self-gain."

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When all the jobs belong to robots, do we still need jobs?


Zeynep Tufekci's scathing response to the establishment consensus that tech will create new jobs to replace the ones we've automated away makes a lot of good points.

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Infamous SF "eviction" lawfirm abuses DMCA to censor video of protest

The offices of Bornstein and Bornstein are notorious for running "boot camps" advising San Francisco landlords on legal loopholes for evicting long-term tenants so they can rent to the high-flying tech sector.

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Realtors hire ruined millionaires to pretend to live in vacant megamansions


How do you imbue an empty mansion with the indefinable "energy" that comes from daily habitation? Find distressed rich people with nice furniture and precarious jobs at McDonald's to move in.

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Wall Street as cause and beneficiary of skyrocketing university tuition

A deep, carefully argued, carefully research report from Debt and Society makes a strong case that sky-high tuition (and brutal, lifelong student debt, up 1000% in 15 years) is not primarily caused by bloated administrations or high professors' salaries. The explanation is a lot more banker-y.

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Trans Pacific Partnership meeting switched from Vancouver to Ottawa, ducking critics


What could make the secretive Trans Pacific Partnership process even less legit?

Moving it at the last minute, under cover of darkness, from Vancouver to Ottawa, in order to avoid critics of the treaty and how it is being negotiated. The TPP is a secretive treaty that allows corporations to sue governments that enact environmental, health and governmental regulations that interfere with their profits. It also calls for vastly expanded Internet spying and censorship in the name of protecting copyright.

Only trade negotiators and corporate lobbyists are allowed to see the drafts of the agreement (though plenty of these drafts have leaked) -- often times, members of Congress and Parliament are denied access to them, even though the agreement will set out legal obligations that these elected officials will be expected to meet.

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How anti-slavery law created American corporate personhood


Jeff Reifman sez, "In light of this week's ruling that for-profit corporations should have protection for their religious beliefs, I thought I'd summarize the timeline of Supreme Court decisions that established corporate constitutional rights US law." tl;dr: most of it comes from the anti-slavery 14th Amendment.

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