How this fine gentleman convinced me to donate $300 to Elizabeth Warren

This morning, we were out on our lawn, putting up our Halloween decorations, when this fellow jogged past and said something to me. I had my headphones in and so I just waved and smiled, but then he doubled back and so I took my headphones out and said, "Hi," whereupon he began to swear and shout: "How fucking dare you have a Warren sign on your lawn?" Read the rest

Elizabeth Warren proposes an "excessive lobbying tax" that would fund independent Congressional experts and public participation in policy

Elizabeth Warren has already proposed strict limits on lobbyists' activities, but in her latest policy proposal, she offers a way of hitting the most aggressive lobbyists in their pocketbooks, and using the revenue to strengthen Congress and the administrative agencies' independence from corporate influence while empowering members of the public to be heard by their government and its agencies. Read the rest

Zuckerberg: President Warren would "suck" for Facebook

In July, Facebook founder Mark Zuckerberg held two hour-long internal employee meetings to discuss the business's future; The Verge obtained the recordings of those meetings, which reveal, among other things, that Zuckerberg dreads the possible election of Elizabeth Warren (Warren has pledged to break up Facebook and its Big Tech competitors if she becomes President in 2020). Read the rest

Stock buybacks: how Wall Street has created "profits without prosperity"

For years, the Harvard Business School fellow William Lazonick has been writing about the rise of the "shareholder value" doctrine in capital markets, and how that has driven financial engineering tactics like stock buybacks, which allow shareholders (including top executives) to prosper at the expense of the companies they have invested in, siphoning value out of profitable businesses until they collapse. Read the rest

Warren campaign works to unseat Senator Collins of Maine

Democrats wresting control of the US Senate from the Republicans will be immensely important in the coming election. Senator Elizabeth Warren's campaign for President is investing resources to help defeat Susan Collins of Maine, most recently famous for her support of putting an accused sexual abuser on the Supreme Court.

Daily Beast:

Sen. Elizabeth Warren’s (D-MA) presidential campaign is putting resources into Maine, where it hopes to help unseat Sen. Susan Collins (R-ME) in one of the most high-profile Senate races of this cycle.

A new memo sent to supporters on Tuesday from Warren’s campaign manager Roger Lau details a series of investments on state directors and organizers for states that vote and caucus in March. The campaign, Lau writes, is devoting these resources not just to boost Warren ahead of primary voting but to assist Democrats in marquee Senate, House, and state legislative contests in 2020. Among the target list Lau offered was Maine, where Collins is facing a number of potential Democratic challengers including Maine House Speaker Sara Gideon.

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Elizabeth Warren has a plan to reform "Heirs' Property," which allows wealthy white property developers to steal Black family homes

Heirs' property is a relic of post-Reconstruction law, which allows white developers to exploit the diffuse ownership of Black family homes to steal them and kick out the people who live there. Read the rest

Elizabeth Warren publishes a massive, detailed plan for addressing the injustice of US relations with indigenous American peoples

Even by Elizabeth Warren's high standards, her plan for "honoring and empowering tribal nations and indigenous peoples is detailed, ambitious, and important. Read the rest

A deep dive into Elizabeth Warren's plan to tame private equity

Yesterday, I published a brief analysis of Elizabeth Warren's plan to close the loopholes that allows private equity to defraud investors, creditors and workers to make billions while destroying the real economy. Read the rest

Elizabeth Warren's banking proposals are designed to demolish the private equity sector and force finance to serve the people

Elizabeth Warren's bid for the Democratic 2020 presidential nomination has been dominated by a series of bold, detailed policy proposals that are designed to enact deep, structural changes in American law and policy to reverse 40 years of post-Reagan corruption and wealth accumulation by the richest 1%. Read the rest

Peter Thiel 'most scared' of Sen. Elizabeth Warren, accuses Google of treason. Trump agrees.

In a Fox & Friends newsbrief, Thiel spurred President Trump to promise to look into baseless claim that Google committed treason.

Presidential fundraising scorecard: who's raising the most and who is most beholden to the ultra-wealthy and corporations?

Propublica's 2020 Presidential Candidate Summaries breaks down the 2020 candidates' fundraising, Trump's massive war-chest and Bernie's pack-leading raise and his continued success with small-money donations. Read the rest

Elizabeth Warren wants to force companies to warn investors about their risks from climate change

Public companies are legally required to disclose their risks to investors, but it's a rare company that incorporates climate change into those mandatory disclosures; under a new presidential campaign platform proposal from Elizabeth Warren (disclosure: I am a donor to both Warren and Sanders's campaigns), the SEC would require public companies to incorporate two kinds of climate risk in their warnings: first, the risks of an out-of-control climate (fires, floods, etc); and second, the risks from the a transition to clean energy (collapsing fossil fuel prices). The idea is to accelerate divestiture from climate-destroying industries like oil and fracking, and to spur investors to favor companies with a plan to mitigate the effects of climate chaos on their operations. Read the rest

Warren's fundraising surges

Continuing to climb in the polls, and our hearts, Elizabeth Warren delivers some impressive fundraising numbers.

NPR:

The momentum translated to fundraising. Warren took in $19.1 million in April, May and June — more than three times what her campaign raised during the first quarter of 2019, according to her campaign Monday.

The fundraising total is about $1 million more than Vermont Sen. Bernie Sanders raised, and about $7 million more than California Sen. Kamala Harris' second-quarter total.

Bernie Sanders attends the Fourth of July parade in Pella, Iowa. In polls and fundraising, Sanders is starting to be surpassed by fellow progressive Elizabeth Warren.

Warren's second-quarter fundraising trails only former Vice President Joe Biden and South Bend, Ind., Mayor Pete Buttigieg, both of whom devoted considerable time to attending high-dollar fundraisers across the country. Warren, by contrast, has made the unusual move of forgoing fundraising events.

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Robert Reich backs Elizabeth Warren's plan to break up Big Tech

Robert Reich (previously) served in the presidential administrations of Gerald Ford, Jimmy Carter, and Bill Clinton, was Clinton's labor czar, and sat on Obama's economic transition advisory board; though he is generally on the Democratic Party's left flank, his own history shows that he has credibility with the establishment wing of the party as well. Read the rest

Elizabeth Warren proposes a ban on private prisons and immigration facilities

Elizabeth Warren has added another plank to her prodigious and admirable campaign platform of well-thought-through, progressive, sensible, popular proposals for a Warren administration: banning federal agencies (including ICE and the Department of Corrections) from contracting with private prisons. Warren also wants to stop contractors from charging inmates fees for essential services (including price-gouging on phone-calls, videoconferncing, mail, and email), and forcing contractors to comply with FOIA requests for information on their activities on behalf of government agencies. Read the rest

Elizabeth Warren profile: portrait of a savvy politician who appeals to working people, and who can get stuff done

Sheelah Kolhatkar's 10,000 word New Yorker profile of Elizabeth Warren is mostly a "color piece," giving a sense of where Warren is coming from, personally and politically; as such, it's a good read, but mostly redundant if you've already read Warren's (very good) 2018 book This Fight Is Our Fight: The Battle to Save America's Middle Class; that said there's a couple of key political insights that are very timely for anyone trying to figure out whom to support in the Democratic presidential primary (I am a donor to both Warren's and Sanders's primary campaigns). Read the rest

Fox News poll has Trump losing to Sanders, Biden, Warren, Harris, or Buttigieg

From June 9-12, Fox News commissioned pollsters Beacon Research (D) and Shaw & Company (R) to survey 1,001 representative Americans; the poll concluded that if the election were called today, Sanders would beat Trump by 9 points, 49%-40%, as would Biden; Warren would beat him 43%-41%; Harris would beat him 42%-41%; and Buttigieg would beat him 41%-40% -- Sanders has acknowledged that "polls go up and polls go down." (via Naked Capitalism) Read the rest

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