In the wake of Blizzard/Activision's announcement of mass layoffs following record profits, Liz Shuler of the AFL-CIO has published an open letter on Kotaku addressed to workers in the notoriously abusive video game industry, calling on them to unionize as the only path to a fair deal. Read the rest

Alex Jimenez grew up poor in Puerto Rico, and is obsessed with yachts; by being one of the first people on Instagram to take a lot of pictures at yacht shows, he has become a sought-after "yacht influencer" who gets flown around the world to take photos of yachts that are going up for sale or whose owners are looking for renters. Read the rest

The LA Times Guild has been negotiating a new contract with the newspaper, but has hit a wall thanks to an unprecedented demand from the paper's owners: they want writers to sign away the rights to nonfiction books, novels, movies and other works they create separate from their reporting for the paper. The newspaper is also demanding the right to use reporters "byline, biography and likeness" to market these works. Read the rest

Blizzard/Activision posted $7.5b in net revenues for 2018, and announced that it would lay off 800 of the employees who made those revenues possible, but fear not! The last time the company did a mass layoff (600 people in 2012), it generously rehired those people as temps, doing the same jobs for less pay, with no security or benefits. Read the rest

Last month, Democratic presidential hopeful Elizabeth Warren proposed an annual tax on the largest fortunes in America, with some of the cash generated by the tax being funneled into the IRS to catch dodgers who move or hide their money to escape the tax. Read the rest

We have an Eero system in our house; it does really good and reliable wifi distribution, including to my office in the garage. And it was nice to have a piece of home electronics that was neither from one of the great data-sucking companies like Google, nor from the control-freak companies like Apple -- and also not from a no-name white-label re-badger or a giant shitty telco switch company whose consumer products arm is an afterthought. Read the rest

The Sackler family (previously) is one of the richest in the world, and if you've heard of them, it's probably because their family name adorns so many art galleries, museums, and academic institutions around the world: but they way they got that money is less-well-known. Read the rest

The scholarship on inequality has been producing a wealth of empirical findings about how inequality is created, expanded and perpetuated, building on the work of Thomas Piketty in tracing capital flows. Read the rest

As Naomi Klein documents in her classic and seminal book The Shock Doctrine, disasters and upheavals are the bread-and-butter of global looters, who use the collapse of civil society or the default of debtor states to privatize state assets at pennies on the dollar, then milk them into further crises, which create more chances for looting -- but the collapse of the USSR was different, because the spies and strongmen who rode out that collapse ensured that public assets were only given to domestic looters, not off-shore oligarchs. Read the rest

Juul -- infused with billions by the company that owns Marlboro -- attained its $12.8B valuation by growing faster than any other vaping company, thanks in large part to the children who bought its products, reversing decades of progress in getting teens off nicotine products while simultaneously monopolizing the market for vaping products Read the rest

Why are policies like a 70% tax on income over $10m and a 2% annual tax on personal wealth over $50m (with an additional 1% on wealth over $1b) so amazingly popular with Democrats and Republicans? Well, according to Fox News, it's because "the idea of fairness has been promoted in our schools for a long time, and we're starting to see kids who have grown up with this notion of 'fairness above all' and now they're becoming voting age and they're bringing this ideology with them." Read the rest

Starting in the early 1990s with a Democratic Congress (and continued by other congresses, Republican and Democrat, since), the rate of tax on "passive, unearned income" has been in decline, but someone has to pay to keep Uncle Sam's lights on, so the tax on workers' wages have diverged, until today, when the tax bite out of a worker's wage is double the tax taken on wealthy investor with the same amount in "passive income." Read the rest

Anand Giridharadas is the Aspen Institute Fellow and former McKinsey consultant whose book Winners Take All is a must-read indictment of the way that charitable activities are used to launder the reputations of billionaires who have looted and boiled our planet, amassing titanic fortunes while starving the public coffers, and still retaining sterling reputations and massive influence thanks to the trickle of funds they release through "philanthropy." Read the rest

Rich "education philanthropists" (Bill Gates, the Waltons, the DeVoses, the Sacklers) have had a lot of business-world ideas for "fixing education" over the years, centered on a system of carrots (bonuses for high-testing schools and schools whose students get admitted to top universitites) and sticks (funding cuts for "underperforming" schools), all backed by high-stakes tests and standardized teaching materials. Read the rest

From Spitalfields Life, a scanned set of "elegant cartoons of Regency bankers from 1824 by Richard Dighton in the archive at the Bishopsgate Institute testify," in the public domain and perfect for contemporary stock art for pieces about late-stage capitalism, clueless billionaires, the corrupting influence of wealth, and all those other zeitgeisty subjects. Read the rest

When Trump FCC Chairman (and former telcoms executive) Ajit Pai murdered Net Neutrality, he told us the slaughter was necessary, otherwise the ISPs wouldn't invest in their networks. Read the rest

Mark Corbett has settled with the Consumer Financial Protection Bureau -- founded by Elizabeth Warren and then gutted by Trump appointee and awful person Mick Mulvaney, now the White House Chief of Staff -- over the complaints that he ran an illegal loan-sharking operation that swindled veterans out of their pensions for a decade.

He has been fined $1. Read the rest