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By Ryan Quinn
$14.99
$22
$13
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Screenshot via Tumblr home page
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The Wall Street Journal reported Sunday that Yahoo’s board has approved a deal to buy social media site Tumblr for a whopping $1.1 billion in cash. But there’s a good reason that not everyone is enthused.
Posted on May 19, 2013
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Image via Shutterstock
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By Thomas Hedges — Panelists at the annual Corporate Crime Reporter Conference in Washington, D.C., on Friday said they were concerned that the Justice Department is abandoning full criminal prosecutions of financial industries in favor of Deferred and Non Prosecution Agreements, which usually involve a fine and a set of conditions that must be followed.
Posted on May 7, 2013
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Pat Bagley, Cagle Cartoons, Salt Lake Tribune —
Posted on Apr 23, 2013
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Angel Boligan, Cagle Cartoons, El Universal, Mexico City —
Posted on Apr 14, 2013
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Illustration by Mr. Fish
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By Chris Hedges — U.S. prisons are the engines of a system of neo-slavery in which corporations feed on the bodies of people of color. Reform is unlikely in the face of enormous profits.
Posted on Mar 17, 2013
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“Raising the minimum wage from the current rate of $7.25 an hour to $9 should be a no-brainer,” the former labor secretary says.
Posted on Mar 17, 2013
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Walmart Corporate (CC BY 2.0)
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By Ralph Nader —
Walmart is feeling some heat with the rising demand for increasing the stagnant federal minimum wage finally coming from Washington, backed by over 70 percent of the people in polls.
Posted on Mar 14, 2013
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By Lois Beckett, ProPublica —
Data companies are scooping up enormous amounts of information about almost every American. They sell information about whether you’re pregnant or divorced or trying to lose weight, about how rich you are and what kinds of cars you have.
Posted on Mar 10, 2013
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TechCrunch (CC-BY)
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Andrew Mason was, until recently, the CEO of Groupon, the fastest growing company of all time. Although Groupon’s more recent misfortune has taken Mason down with it, the former CEO leaves with a wicked sense of humor intact.
Posted on Mar 1, 2013
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Flickr/Thomas Hawk
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Meet the major banks’ newest partner: payday lenders, the owners of those check cashing stores that offer short-term loans with interest rates that sometimes exceed 500 percent.
Posted on Feb 24, 2013
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Screenshot via New York Times Magazine
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A New York Times report takes an in-depth look at the ways the junk-food industry ensures that you will get hooked on its “convenient” and “inexpensive” products.
Posted on Feb 20, 2013
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Pavel Constantin, Cagle Cartoons, Romania —
Posted on Feb 18, 2013
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Monte Wolverton, Cagle Cartoons —
Posted on Feb 15, 2013
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Flickr/Miia Ranta
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By Thomas Hedges, Center for Study of Responsive Law —
SodaStream has marketed itself as being beneficial to the Palestinian economy, but demonstrators take issue with that assertion.
Posted on Feb 12, 2013
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flickr/watchingfrogsboil
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By Chris Hedges — The corporate state uses debt to keep workers—especially the working poor—frightened and disempowered. Only through a campaign for a minimum wage of at least $11 an hour can Americans begin to regain economic, social and political control.
Posted on Feb 3, 2013
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Flickr/Tax Credits
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By Thomas Hedges, Center for Study of Responsive Law —
The commons movement protects large resources from privatization and allows collectives to regulate extraction. Exploitation is avoided because no one individual has more of a right to the source than any other.
Posted on Jan 31, 2013
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flickr/13lucie
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By Ralph Nader —
You need to do something authentic that people can relate to—70 percent of the people in polls support an inflation-adjusted minimum wage. So did Rick Santorum and even Mitt Romney, until he waffled during the primaries.
Posted on Jan 17, 2013
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AP/Michael Probst
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By Susan Zakin — Some people think the book business in on its last legs. But others think it isn’t a business at all.
Posted on Dec 7, 2012
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By Richard Reeves — We are going from “The Year of the Woman”—that was 1992—to decades of the woman. And it is not only politics anymore.
Posted on Nov 29, 2012
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By Robert Reich — What’s the best way to pressure Republicans into agreeing to extend the Bush tax cuts for the middle class while ending them for the wealthy?
Posted on Nov 28, 2012
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Jon Stewart was highly critical of the media outlets that have vilified the big box retailer’s employees for wanting to unionize, and for speaking out for better pay and benefits.
Posted on Nov 28, 2012
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Flickr/Brave New Films
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By Robert Reich — America’s largest employer is Walmart, whose average employee earns $8.81 an hour. A third of Walmart’s employees work less than 28 hours per week and don’t qualify for benefits.
Posted on Nov 21, 2012
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Screenshot
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John Metz is hitting his customers with a 5 percent surcharge to offset the cost of paying for the health care program.
Posted on Nov 15, 2012
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By Robert Reich — It’s not too early to draw some lessons. Regardless of what happens Tuesday, Democrats should have three big takeaways from the 2012 election.
Posted on Nov 5, 2012
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Photo by Martin Abegglen (CC-BY-SA)
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Recently reclaiming its status as the world’s biggest automaker three years after a major recall that raised questions about its vehicles’ safety, Toyota is once again asking customers to bring their vehicles in for inspection.
Posted on Oct 10, 2012
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Flickr/Splic3
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The importance of a good night’s sleep cannot be understated. Research suggests that getting eight hours every night can make you happier, richer, smarter and hornier. But for many Americans, the problem with their sleep pattern is not that they’re getting too little, but that they are getting too much.
Posted on Sep 24, 2012
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Social scientist and late night talk show host Jimmy Kimmel recently conducted a classic experiment, asking unsuspecting pedestrians to comment on the new iPhone 5, which was actually an old iPhone 4S.
Posted on Sep 18, 2012
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By Jesse Eisinger, ProPublica —
Most accounts of Bain Capital characterize the firm as full of hardworking young men who sought to find troubled companies, invest in them and turn them around. But as some disputes illuminate, the reality of Bain’s business in the early years is more complicated.
Posted on Sep 10, 2012
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(CC-BY-SA)
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Questions about Republican presidential nominee Mitt Romney’s record at Bain Capital are not likely to go away any time soon, especially now that it’s been revealed that Bain is among a number of major private equity firms under investigation by the New York state attorney general’s office for tax-related reasons.
Posted on Sep 3, 2012
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Packmatt (CC-BY)
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By Robert Reich — The most troubling economic trend facing America this Labor Day weekend is the increasing concentration of income, wealth and political power at the very top – among a handful of extraordinarily wealthy people – and the steady decline of the great American middle class.
Posted on Aug 31, 2012
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Flickr / 7bikeframesweldedtogether
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Credit card companies are increasingly turning to the legal system in their rush to collect money that is owed to them. But, there now exists a very big problem in this litigious-happy practice—nearly all these lawsuits may be flawed.
Posted on Aug 13, 2012
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By Christian Neumeister — Companies across the nation are gleefully denying interns fair wages for their work, in flagrant violation of long-standing labor law, and have the nerve to tell the world they are doing these people a favor.
Posted on Aug 9, 2012
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Photo by David Holt (CC-BY-SA)
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The Olympics generate a fortune from sponsorships and exclusive deals, and to make sure no one gets in on the action for free, a uniformed force of advert cops has been empowered to patrol the streets of London. Get this: At the London Games, it’s illegal to serve chips.
Posted on Jul 16, 2012
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Photo by Andreas Eldh (CC-BY)
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The cute little communicator that helped topple Hosni Mubarak is reportedly so focused on advertising dollars that it plans to impose severe restrictions on third-party partners. Essentially, Twitter wants to have more control over users so it can have more control over how they see ads.
Posted on Jul 10, 2012
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AP/Michael Probst
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By Chris Hedges — If universities think a Milton Friedman or a Friedrich Hayek is more important than a Virginia Woolf or an Anton Chekhov, then we become barbarians.
Posted on Jul 9, 2012
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Photo illustration from an image by Colin Grey (CC-BY)
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Last week on Truthdig Radio in association with KPFK: an indie look at the downfall of Washington Mutual, political surrogacy on the campaign trail, filmmaker Amy Ziering on rape in the military, and youth voter outreach at the world’s largest dance party.
Posted on Jun 17, 2012
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Last week on Truthdig Radio in association with KPFK: an indie look at the downfall of Washington Mutual, political surrogacy on the campaign trail, filmmaker Amy Ziering on rape in the military, and youth voter outreach at the world’s largest dance party.
Posted on Jun 17, 2012
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The Smoking Gun via Wikimedia Commons
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R. Allen Stanford is perhaps not as well known as Bernie Madoff, but the two men have one thing in common—both received long sentences for their roles in separately orchestrating two of the largest Ponzi schemes ever.
Posted on Jun 14, 2012
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birgerking
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The fallout over Facebook’s botched IPO continued on Tuesday with a lawsuit filed against NASDAQ over mishandled orders and word that regulators may investigate Morgan Stanley, which helped set the price of the stock, and other underwriting banks.
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The Consumerist
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Bargain hipster clothing store H&M apologizes “if anyone should think we have copied” Georgia artist Tori LaConsay, whose feel-good graffiti somehow found its way (without permission) onto a bunch of knickknacks. The brand now says it is following up with the artist, but not before taking its lumps on the Internet.
Posted on Jan 26, 2012
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Twitter
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During his first few days on the social network, the mogul promoted “We Bought a Zoo,” told Iowans to consider Rick Santorum, praised President Obama (“decision on terrorist detention very courageous - and dead right!”) and called education America’s “absolute biggest crisis. No read, no write, no jobs.” (more)
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AP / Julia Xanthos
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By Robert Scheer — In the pantheon of billionaires without shame, Michael Bloomberg, the Wall Street banker-turned-business-press-lord-turned-mayor, is now secure at the top.
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By Richard Reeves — Democrats should be building statues of former Michigan Gov. Jennifer Granholm, or at least giving away copies of her new book, "A Governor’s Story."
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Ross Catrow (CC-BY-SA)
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With about a quarter of all Internet traffic in North America passing through its servers and roughly 25 million subscribers, Netflix got everybody’s attention in July when it announced that it was raising its prices by as much as 60 percent. Now the company is conceding ... (more)
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Ruthanne Reid (CC-BY)
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How did Borders go from being the nation’s second-biggest brick-and-mortar book chain to a bitter memory? Apparently the book, music and coffee peddler, which we can only assume bankrupted plenty of mom-and-pop stores in its day, charged ahead blindly when customers went looking for better deals online. And now 11,000 people are out of a job. (more)
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Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery
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