Naked Captalism is one of my favorite sites, both for its radical political commentary and the vigorous discussions that follow from it; now, John Siman has posted a review of my latest book, Radicalized, which collects four intensely political science fiction stories about our present day and near future. Read the rest

The Verge's Josh Dzieza continues his outstanding coverage of Foxconn's shell-game in Wisconsin, where the company -- promised billions in subsidies and tax-breaks by former governor Scott Walker, a Koch darling, and by Trump, who used Foxconn's promise of a major new Wisconsin factory to claim his policies were working -- has lived up to its reputation for overpromising and underdelivering by absorbing billions in subsidies but never delivering on promised jobs. Read the rest

In 2017, AT&T CEO Randall Stephenson campaigned for Trump's massive tax-cuts by promising that they would create 7,000 jobs with the $3,000,000,000 they stood to gain, as well as investing in new infrastructure: instead, the company has reduced its headcount by 23,328 workers (6,000 in the first three months of 2019!) while reducing capital expenditures by $1.4B (AT&T reduced capex by another $900m in Q1/2019). Read the rest

Jeff Berman's got a new job! The former Obama/Clinton staffer is now Beto O'Rourke's senior advisor, having moved laterally from his post-Obama-campaign career working for the DC lobbyists Bryan Cave, where he lobbied on behalf of Seaworld, the Keystone XL pileline and the private prison industry. Read the rest

Aviation is one of America's most concentrated industries, and workers have steadily lost ground to shareholders and execs, who have enriched themselves with tactics like flying planes to South America for maintenance by non-union technicians who do not speak the language that the maintenance manuals are written in. Read the rest

The price-gouger-driven skyrocketing prices for insulin have endangered the lives of Americans with diabetes, who are rationing their supplies and trying not to die. Read the rest

Uber is a wildly unprofitable company with no conceivable path to profitability in any universe, under any circumstances, but the company's founders and early investors (having already taken massive write-downs on their investments) are hoping to get at least some of their money back through the time-honored "greater fool" methodology. Specifically, they're floating the company on the stock market and hoping that naive investors hoping to wring above-inflation gains out of their 401(k)s and avoid being made into dog-food in their old age (we're waaaaay past the era in which impoverished old people get to eat dog-food) take their shares off their hands. Read the rest

In February, Liberal Party opposition MPP Michael Coteau introduced Right to Repair legislation after he was charged $400 to fix the cracked screen on his daughter's Samsung phone; that bill is now dead, as are dozens of Right to Repair bills introduced in US state houses, after Conservative MPs, heavily lobbied by US Big Tech firms, killed it before it could proceed to committee. Read the rest

"Collateralized Debt Obligations" (CDOs) are a financial derivative that is a kind of bond that pays out based on revenue generated by a pool of assets: for example, a giant hedge fund might buy thousands of homes whose owners went bankrupt and suffered through foreclosure, and then rent them out at the highest possible rent with the least possible maintenance, and this generates thousands of revenue streams. Small slices of the revenue streams from many properties are pooled together into individual CDOs and these are sold to investors: when you buy one of these, you get a little bit of the rent from each of the tenants in the hedge-fund's holdings (other assets can be pooled together too, like payments on car loans, student loans, etc etc). Read the rest

Five senior execs at Insys Therapeutics (manufacturer of Subsys, a type of fentanyl), have been convicted of criminal racketeering and fraud charges stemming from the company's practice of bribing doctors to overprescribe their incredibly addictive and dangerous product, and for defrauding Medicare in the process. Read the rest

On April 7th, 2017, a group of Trump advisors and co-conspirators converged on Mar-a-Lago (one of Trump's properties) for a night of drinking and dining, while Trump and Chinese president Xi Jinping were having dinner in a separate room at the hotel. In attendance were Steve Bannon, Joe Hagin (then Trump's deputy chief-of-staff) and others. Read the rest

Last July, a nine year old child named Oakley Yoder got bitten on the toe by a venomous snake while at summer camp in Jackson Falls, Illinois: the initial bill for her treatment came out to $142,938. Read the rest

Every Monday, some poor "brand ambassador" at Chase has to post a "Monday motivation" tweet aimed at convincing people that one of America's largest, most rapacious banks is actually a cuddly, responsible business whose $12 billion bailout from Uncle Sam was perfectly justifiable and sure to be put to excellent use. Read the rest

There are some mysteries in the court documents related to the college admissions scandal: a pair of mystery students whose parents paid $1.2m and $6.5m in bribes to get them into top US educational institutions. Read the rest

Pepsi has confirmed that it has files lawsuits against four farmers in India who grew a variety of potato that was registered as being for the exclusive production of the company's Lay's potato chips. Read the rest

If you're an American 65 or older, there's a 20% chance that you're working or looking for work (the chance jumps to 53% if you attained an undergrad or more advanced degree): that's double the rate in 1985. The last time it was this high was 57 years ago, in 1962. Read the rest

Summit Learning is a nonprofit, high-tech "customized learning" group funded by Mark Zuckerberg and Priscilla Chan's family charity; under the program, students are equipped with high-surveillance Chromebooks and work on their own "at their own pace" and call on teachers to act as "mentors" when they get stuck. Read the rest