The high cost of being poor

An excerpt from Linda Tirado's 2014 book Hand to Mouth: Living in Bootstrap America lays out some of the ways that being poor costs more than having a comfortable income -- it's more than having to pay for high daily rents in a motel because you can't afford first-and-last.

Read the rest

Chicago schools lost $100M by letting Wall Street engineer their finances


In 2007, the school raised $1B, and instead of issuing bonds, it let the bankers who'd been courting it talk it into issuing a floating-rate bond that it swapped into a fixed-rate issue.

Read the rest

Walmart holds food drive...for Walmart employees (again!)


Once again, a Walmart store has set out a collection box for food donations to support its own employees, who are paid so little that they depend upon social assistance (and public generosity) to survive.

Read the rest

Plutocrats' visual guide to rigging elections


From the Mayday.US super PAC (which backs candidates who promise to abolish super PACs).

42 rich white people account for 1/3 of Super PAC spending


35 of them are old white men, the rest are women.

Read the rest

American businesses devour themselves to enrich the 1%


A Goldman Sachs report on stock buybacks shows a suspicious clustering in the fourth quarter, just when management bonuses are being calculated.

Read the rest

Paolo Bacigalupi's "The Doubt Factory"

From one of science fiction’s most versatile writers comes a caper novel about corporate sleaze and net-savvy guerrilla activists that is as thrilling as it is trenchant. Cory Doctorow reviews Paolo Bacigalupi’s The Doubt Factory.

Read the rest

Umbrella Revolution's projector guerrillas splash huge messages on public buildings


The Add Oil project lets anyone in the world write a message of support to Hong Kong's protesters, which is then beamed in 16' tall letters on the sides of buildings near the protests.

Read the rest

HK police arrest "triad gangsters" who attacked Umbrella Revolution camps


The protesters accuse the police of working with the thugs, who wore masks as they attacked the encampments; the violence has led to postponement of the planned talks between the Umbrella Revolution leaders and the Hong Kong administration.

Read the rest

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.

Read the rest

Human beings are the gut flora of immortal, transhuman corporations

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.

Read the rest

Hong Kong protest: drone flyover

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

Read the rest

Dear fellow zillionaires: they're coming for us with pitchforks


Nick Hanauer, a hereditary millionaire who increased the family fortune with some shrewd early dotcom inventions has written an open letter to his fellow "zillionaires" warning that their corruption of the US political system has given rise to an unstable situation of wealth inequality that has turned their potential customers into impoverished pitchfork-wielding revolutionaries who are coming for their heads.

Read the rest