Billionaire making a bid for Democratic Florida Governor nomination invested millions in Puerto Rican debt

Jeff Greene is a billionaire who made his fortune shorting subprime real-estate while Floridians were facing mass evictions; now he's hoping to be the Democratic candidate for Governor of Florida and his financial disclosures reveal a raft of extremely toxic investments, including millions in Puerto Rican debt (Florida is full of Puerto Rican refugees who had to flee their homes after debt-holders starved the state of infrastructure money so it could neither defend itself against hurricanes, nor rebuild in their wake), Argentinian debt (another go-to for vulture capitalists), and "oil and gas stocks Exxon, Hess, Kinder Morgan, and Apache." Read the rest

Elizabeth Warren wants to save capitalism from itself

President Elizabeth Warren (2020-2028) has proposed the Accountable Capitalism Act, which will subject US corporations with $1B/year or more in revenue to the "German model" of corporate governance, in which workers get board-seats and financial decisionmaking must take into consideration the impact that decisions will have on "stakeholders" including workers, investors, suppliers, retailers, and residents near plants or facilities. Read the rest

Majority of young Americans distrust capitalism, embrace socialism

Who likes socialism and mistrust capitalism? Democrats and young people, who are mostly the same people. Read the rest

The EPA's own staff are aghast that Trump is bringing back asbestos

The Trump administration's plan to bring back asbestos is right in line with Trumpist ideology that any science that interferes with profits is a hoax (Trump claims that the asbestos-cancer link is a conspiracy to help the mafia make money on asbestos removal contracts), and the fact that the leading Russian asbestos company (which has ties to Putin) put Trump's face on their packaging is just an extra too-shitty-to-be-true detail for all of us to ponder as we die of mesothelioma in a few years. Read the rest

Bad infrastructure means pacemakers can be compromised before they leave the factory

It's been ten years since the first warnings about the security defects in pacemakers, which made them vulnerable to lethal attacks over their wireless links, and since then the news has only gotten worse: one researcher found a way to make wireless pacemaker viruses that spread from patient to patient in cardiac care centers, and the medical device makers responded to all this risk by doubling down on secrecy and the use of proprietary code. Read the rest

Florida's prisons change tech providers, wipe out $11.2m worth of music purchased by prisoners

For seven years, Florida state inmates could buy a $100 MP3 player from Access Corrections, the prisons' exclusive provider, and stock it with MP3s that cost $1.70 -- nearly double the going rate in the free world. Read the rest

Young doctors revolt, force AMA to consider backing single-payer healthcare for the first time

Millennial doctors are killing predatory health-care capitalism! Read the rest

Former Obama trade official teams up with Trump to create highly profitable TB epidemics in poor countries

When Josh Black quit his job as Obama's director for U.N. and Multilateral Affairs after the 2016 election (citing "growing disillusionment"), he found a sweet job as Associate Vice President for International Advocacy at Phrma, the global lobbying group for the pharmaceutical industry, which meant that he still got to work at the UN, but now he'd be advocating for giant, rapacious corporations that hold peoples' lives hostage to their profits! (speaking as a former NGO observer at the World Intellectual Property Organization from the era of the Access to Medicines treaty, Phrma are effectively public health war criminals). Read the rest

Betsy DeVos's summer monstrosity is pure McMansion Hell

Kate "McMansion Hell" Wagner is carrying $42,000 in student debt; heiress Betsy "Marie Antoinette" DeVos is the anti-public-school advocate whom Donald Trump put in charge of the nation's public schools, and one of her first official acts was to end the rules limiting sleazy student debt-collection tactics, even as Trump was ending debt relief for students defrauded by diploma mills (like, say, Trump University). Read the rest

America's big cities are increasingly home to people living in their cars

In King County (which encompasses Seattle), the number of people living in their cars surged by 46% in the past year; and other big cities are catching up: LA, San Francisco, Portland, etc. Read the rest

Audible puts the screws to indie authors

Audible -- Amazon's audiobook company -- dominates audiobooks, controlling 90% or more of the market; their ACX platform is tailored to indie, self-published authors, and, until recently, it paid them handsomely for any new customers they brought into Audible's fold. Read the rest

How Jpay gouges prisoners' families for "digital postage stamps"

If you're one of the millions of (disproportionately black and brown) people who have been put behind bars in America, there's a good chance you use Jpay (previously) to communicate with your family. Read the rest

Now that telcos have "abandoned rural America," the only broadband comes from cable monopolies

You know what's worse than shopping for your ISP in a market served by a cable/teclo duopoly? Getting your internet from a cable monopolist who faces no competition at all. Read the rest

California home-buyers are increasingly reliant on parental gifts to afford their down-payments

California's housing bubble has pushed prices so high (the median Californian home sells for double the national average) that, in some cities, 48% of first-time buyers could only afford to purchase their homes because their parents gave them the downpayment. Read the rest

Wealthy investors are buying Long Beach's old low-rent buildings and evicting everyone, making them homeless

Unlike neighboring LA, the city of Long Beach has no restrictions on evicting tenants from old buildings by doubling or tripling the rent and then booting them out. Read the rest

Trump wants to hand a $100,000,000,000 tax cut to the super-rich, without Congressional approval

Trump finance secretary/supervillain Steve Mnuchin says he wants to unilaterally allow Americans to factor in inflation when calculating capital gains; the move would cost the US government $100 billion and 97% of that would go to the top 10% of US earners (66% would go to the 0.1% of US earners). Read the rest

Koch thinktank inadvertently proves that America would save trillions by switching to socialized medicine

Mercatus (previously) is part of the Koch Brothers' network of thinktanks which allow the billionaires and their cadre of oligarchs to make it appear that their ideas are mainstream by all singing the praises of the wealthy in chorus. Read the rest

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