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

Mark Zuckerberg and his empire of oily rags

Surveillance capitalism sucks: it improves the scattershot, low-performance success-rate of untargeted advertising (well below 1 percent) and doubles or triples it (to well below 1 percent!). Read the rest

Walmarts are high-crime zones thanks to staff cuts, but America gets the bill

Starting in 2000, Walmart began an aggressive cost-cutting campaign that removed greeters, reduced floor staff, and replaced cashiers with automated checkouts; the more this went on, the higher the crime-rate at Walmart soared, everything from shoplifting to deadly violence. In true Walmart style, the world's largest retailer has offloaded the costs associated with this crime to tax-funded law-enforcement. Read the rest