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By Robert Scheer
By Bill and Nancy Boyarsky
$101.88
$40
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Flickr / European Parliament
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On Tuesday, conservative British representatives led the European Parliament to reject a 30 percent reduction in carbon emissions by 2020 in a preliminary vote stirred by claims that such a sharp decrease taken out of step with other nations would drive businesses out of EU countries. (more)
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By David Sirota — As the deficit has exploded, incriminating facts have leaked out showing that many corporations pay more to their executives than they pay in taxes (and many firms pay no corporate income tax at all).
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Illustration from a photo by Jeffrey (CC-BY-SA)
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Amazon.com abruptly ended its Associates Program for California residents Wednesday, cutting off roughly 10,000 individuals and small businesses, including this one, from a vital source of income with less than a day’s notice. Like a handful of states, California is trying to force Amazon to collect sales tax. (more)
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Eric Allie, Caglecartoons.com —
Posted on Jun 26, 2011
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Nate Beeler, Cagle Cartoons, The Washington Examiner —
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Daniel Erwin (CC-BY)
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In the age of oversharing, we take it for granted that our every status is up to date and hanging out for all to see. Privacy, we are told, is dead. But over in Europe, they have crazy new laws that actually restrict how businesses stalk us online. Communists.
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By E.J. Dionne, Jr. — Is President Obama a friend of business or a critic of business? The answer: Yes.
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The president continued to cuddle up to corporate America with a visit to the Chamber of Commerce. Ezra Klein breaks down Obama’s pro-business history and digests the speech’s significance (or lack thereof) here.
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Flickr / acaben (CC-BY-SA)
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No other company is as dependent on one man as Apple is on Steve Jobs. That’s the perception anyway, so when the Apple CEO announced he is taking another medical leave, the murmurs about the fate of the world’s second-most-valuable company began immediately. (more)
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By E.J. Dionne, Jr. — Our government already favors certain industries—finance and defense, among them. President Obama should identify the parts of the private sector that share an interest in reducing the dreadful inequalities that have metastasized over nearly four decades.
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White House / Pete Souza
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Bill Clinton and now big business—all in a week’s work for President Obama in his ambitious push to improve relations with parties with whom he’d at least appeared to be at odds since he took office.
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Wikimedia Commons
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The U.S. Chamber of Commerce has been a bastion of pro-business, anti-environment and anti-labor ideology since its founding in 1912. And so it is unsurprising that modern-day corporations have donated millions upon millions to the Chamber to fight such perilous things as, say, security requirements on chemical facilities.
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Jeff Parker, Cagle Cartoons, Florida Today —
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AP / Oded Balilty
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By Steven Hill — How is a country with a lower per capita income than Kazakhstan, one of the worst environmental records of any major nation and a dictatorship, besides, hailed by so many as the next global superpower?
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By Amy Goodman — The massive recall of salmonella-infected eggs, the largest egg recall in U.S. history, opens a window on the power of large corporations over not only our health, but over our government.
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Illustration based on an image by Bearas (CC-BY-SA)
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By William Pfaff — The excellent second quarter export and growth results reported by Germany have set that country at an increasing, and increasingly dangerous, distance from the other members of the European Union.
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AP / Jason DeCrow
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By T.L. Caswell — Massive projects like The Washington Post’s “Top Secret America” are on the endangered-species list as the large metropolitan dailies go into decline, and that’s bad for the nation.
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AP / Cody Duty
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By Bill Boyarsky — Among the most powerful interests backing immigration reform are the conservative, capitalistic U.S. Chamber of Commerce, fast-food restaurant chains and big agribusiness firms.
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White House / Pete Souza
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By E.J. Dionne, Jr. — The titans of the private sector say President Obama is anti-business. Many progressives say he coddles business. How does the administration manage to pull that off?
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AP / Carolyn Kaster
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By Robert Scheer — The flight from reason that now marks American public discourse came home for me last Friday when I found myself on public radio debating whether Barack Obama is anti-business.
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By E.J. Dionne, Jr. — So who is in charge of stopping the oil spill, BP or the federal government? The answer to this question seems as murky as the water around the exploded oil platform in the Gulf of Mexico.
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Flickr user Stefano A (CC-BY)
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U.S. auto regulators have decided to fine Toyota a maximum $16.375 million, having determined that the car company waited “at least four months” to recall its troubled vehicles. Toyota can contest the fine, which, although a record, amounts to a tiny fraction of the total financial impact of recalling some 8 million vehicles worldwide. (continued)
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By David Sirota — Amazon has sent a message to states buckling under budget deficits: If you make us play by the same tax rules as other businesses, we’ll punish you.
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Wikimedia Commons
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Despite the fact that Washington has forcefully discouraged investment in Iran for the past decade, the federal government has given more than $107 billion in contract payments to companies that dealt with Iran or are doing business there.
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A class-action lawsuit claims online business review repository Yelp charges businesses a kind of protection fee to make bad reviews disappear. Yelp vehemently denies this, although the allegations line up with an earlier report of bad behavior.
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By Marcus Stern, ProPublica —
A transfer of billions of dollars in federal aid from public projects in Puerto Rico to one of the world’s largest liquor conglomerates over the next 30 years continues to move forward without any objection from Congress.
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Flickr / diongillard
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The world’s biggest automaker is in even bigger trouble. Following an earlier recall of 4.2 million vehicles and a second recall of 2.3 million, Toyota is suspending sales of eight models and halting production at five plants in North America. (continued)
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newsday.com
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In the future, news junkies may be willing to pay a subscription fee to get their fix, but judging by what’s happening over at Long Island’s Newsday newspaper, that time has not come. According to The New York Observer, after three months, only 35 people had signed up to have full access to newsday.com for $260 a year.
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Curl up with some eggnog and click on to find out why Americans can’t make things (hint: business school), why Michelangelo wasn’t such a loner, after all, and more.
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zimbio.com
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German election exit polls are showing that reigning Chancellor Angela Merkel is headed for a second term, with her conservative bloc collecting more than a third of the national vote.
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The New Press
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By Mike Rose — Business leaders are eager to meddle in education but rarely take responsibility for the root of education’s problem—economic despair and mind-numbing mass media.
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Flickr / Patricia Drury
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In what can only be the beginning of social revolution, 20 percent of Harvard’s MBAs have signed an ethics pledge, vowing not to advance their “own narrow ambitions” at the expense of others. But the question remains, where exactly is the other 80 percent of the class?
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A new and outrageously entertaining biography of America’s first tycoon by T.J. Stiles, one of our best younger historians, sheds new light on the monumental life of what Stiles rightly calls “an instinctive predator” and his mixed and enduring legacy.
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Matt Miller, a host of KCRW’s “Left, Right & Center,” has written a book full of necessary honesty and courage—a welcome effort to rid us of the nostrums and shopworn notions that cloud our thinking and constrain our politics.
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Wikimedia Commons / John Regas
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Sen. Arlen Specter gave the proposed Employee Free Choice Act the shaft Tuesday, severely wounding legislation that would make forming unions significantly easier. Labor leaders were depending on support from moderates such as Specter, but, facing a primary challenge, the Pennsylvania Republican chickened out.
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By Marie Cocco — If only the contracts entered into by shop-floor workers at auto plants were as inviolate as those secured by the incompetent pirates of the American International Group.
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By Amy Goodman — The American Chemistry Council assures us that “we make the products that help keep you safe and healthy.” But U.S. consumers are actually exposed to a vast array of harmful chemicals and additives embedded in toys, cosmetics, plastic water bottles and countless other products.
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By William Pfaff — The American participants in this year’s World Economic Forum have been the first to confront the full international blowback to the U.S.-created world economic crisis, which has devastated the nation’s reputation for competence, along with the justification for its six-decade role as world leader.
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A new book by Lawrence Lessig asks what constitutes copyright infringement in the era of “sampling” and point-and-click downloading.
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By E.J. Dionne, Jr. — President Obama’s visit with House and Senate Republicans this week was useful for setting a new tone and a refreshing break from the Bush administration’s habit of consulting almost no one. But it was a sideshow to the main battle over how to improve the economy, which is among Democrats.
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Flickr / treehouse1977
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If you’re in a good mood, you may just want to skip this bit of news from The New York Times: “Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York ... collected an estimated $18.4 billion in bonuses for the year.” Update
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bloomberg.com
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It’s the first full day of Obama’s administration and things are looking a bit different in D.C. Treasury secretary nominee Timothy Geithner called for “fundamental reform” of the $700 billion bailout, claiming the existing bailout package favored big business over struggling families.
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marcelinopena.files.wordpress.com
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Forget that business with the maid whose work papers expired. The real scandal with Timothy Geithner, Barack Obama’s choice to head the Treasury Department, is his history of lax regulation—at least where his friends at Citigroup were concerned. ProPublica did some digging and found that Geithner’s New York Fed “eased the reins as the company blew billions. ...”
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By Marie Cocco — Much of the business-tax package Obama contemplates fails his own test of cutting business taxes “where it makes sense and is going to work.”
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Flickr / Brave New Films
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Wal-Mart will pay as much as $640 million to settle 63 lawsuits around the country alleging that the retailer had exploited its workers. The payout could add up to less than 0.1 percent of the company’s revenues this year.
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AP file photo / Reed Saxon
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By Mike Farrell — The Hollywood-centric “Membership First” faction that has controlled the Screen Actors Guild’s national board for most of the last five years chooses tactics—misinformation, tough talk and over-promising—that undermine the union’s credibility.
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By Marie Cocco — Today’s brainteaser: Name the top female executives who were forced to go before Congress, explaining why their companies made multibillion-dollar mistakes that helped wreck the economy but nonetheless deserve billions in taxpayer bailouts.
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AP photo / Kevin Wolf
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By Rep. Dennis Kucinich — Once they were as gods, but the deities of the American banking system are now in ruins, plunged from their pedestals into the maw of taxpayer largesse. There was a time when their power was real. Come with me to Cleveland 30 years ago today.
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