The 78-member Congressional Progressive Caucus is meant to be the democracy-friendly, corporate-hostile wing of the Democratic Party, which is why the caucus announced a year ago that it would stop accepting corporate money -- but a year later, nearly every member is still accepting corporate money in their individual capacity. Read the rest

As low interest rates and terrible bond yields have driven more everyday people into the stock market in the hopes of protecting their savings from inflation and building their pensions, the market has surged -- with the richest people on Earth surfing the wave. Read the rest

Paul Manafort's money-laundering conviction makes a convenient peg to hang Buzzfeed's investigation into shell companies in the UK off of; and what their excellent reporting reveals is a playground for money-launderers who operate in the most brazen way, using a complex system of shell companies all over the world, but using the UK as the the lynchpin for their schemes. Read the rest

Susan Crawford (previously) identifies one of the great and deadly paradoxes of late-stage capitalism, where predatory oligarchs prowl for state assets that can be sold off to them on the cheap, and target vulnerable regulators that can be dismantled so that industry can run amok: the best-functioning, most vital, best-run state systems are invisible, because they do their jobs so well we never hear about them. Read the rest

The Scottish Limited Partnership is a notorious financial secrecy vehicle that's been used to launder at least $80 billion, mostly from oligarchs and organised crime figures from the former USSR, in only four years. Read the rest

The House of Commons Library has published research projecting the post-2008 growth of inequality until 2030, arriving at an eye-popping headline figure: at current rates, the richest 1% will own two thirds of the world's riches by 2030. I think that number is too low. Here's why. Read the rest

In a letter to the Koch network -- a group of evil billionaires who chip in to buy politicians -- the Koch brothers crowed about how Donald Trump (whom they considered replacing with Paul Ryan in a backroom deal at the 2016 RNC) has been a pliable servant to them and their political goals during his year in office. Read the rest

Scottish Limited Partnerships (previously) are notorious corporate entities whose true owners are easily disguised, making them perfect vehicles for money laundry. Read the rest

Albania's Shkëlqim Fusha likes to hide in the shadows, but his cousin, Tirana chief prosecutor Petrit Fusha, is implicated in a massive corruption scandal whose cover-up involved assassinating a 17-year-old boy -- in what is surely an unrelated coincidence, Tirana is where Fusha has made billions in no-bid city contracts. Read the rest

Canada has a grotesquely concentrated telcoms sector and a grotesquely concentrated media sector, and thanks to a series of extremely anticompetitive mergers, the two sectors are one in the same. Read the rest

Paul Ryan says his tax plan will be great for the poorest and most vulnerable people in America, and he tweeted a hypothetical to help you understand how that works: "Meet Cindy: a single mom, making $30,000 per year, who hopes to one day get beyond living paycheck to paycheck. With a $700 increase in her tax refund each year under our tax bill, Cindy can start saving for her future." Read the rest

The total wealth controlled by the world's billionaires has reached $6,000,000,000,000, up nearly 20% from last year. There are now 1,542 dollar-denominated billionaires on earth. Read the rest

The World Wealth and Inequality project's latest white-paper, co-authored by Thomas "Capital in the 21st Century" Piketty, painstaking pieces together fragmentary data-sources to build up a detailed picture of wealth inequality in Russia in the pre-revolutionary period; during phases of the Soviet era; on the eve of the collapse of the USSR; and ever since. Read the rest

In case you were wondering why Bitcoin experienced a crazy spike recently: China's economy is a hyperinflated bubble, poised to burst and the Chinese central bank is depreciating the Renminbi -- so China's wealthy are getting their cash out of the country as fast as they can, using any means necessary: suing themselves, spending huge whacks of cash while on vacation, and converting it to Bitcoin (this is especially urgent now that the Canadian real-estate money laundry is shutting down) -- this is just the latest salvo in the Chinese capital flight story. Read the rest

The housing recovery has been famously uneven, in every way: for one thing, it's allowed hedge-fund and publicly listed landlords to acquire a greater proportion of America's housing stock than ever, even as mass foreclosures created a new class of desperate tenants who pay rent to these corporate giants, who charge higher rents than ever. Read the rest

“I look at this election not as a victory for Mr. Trump, who wins the election as the most unpopular candidate in perhaps the history of our country, but as a loss for the Democratic Party." -Senator Bernie Sanders, speaking to a sold-out crowd in San Rafael, CA. Read the rest

On Naked Capitalism, Gaius Publius parses through Donald Trump's "100-day action plan" (just the public parts, not the parts leaked by the bumbler Trump wants to put in charge of the DHS), and calls out the few bright spots (killing TPP, improving NAFTA) and the terrifying remainder (accelerating climate change, deploying a national campaign of stop-and-frisk, all but destroying public education). Read the rest