Tom Perkins Doubles Down On Comparing Occupy Wall Street To Nazis

By: Tuesday January 28, 2014 8:11 am

Here's a close up of Perkins' watch, a Richard Mille — which he told @EmilyChangTV could buy a "six pack of Rolexes" — Bloomberg TV (@BloombergTV) January 27, 2014 As a recent Pew poll shows fewer and fewer Americans identify as “middle class”, plutocrat Tom Perkins decided to double down on his narrative that [...]

Detroit Files For Bankruptcy

By: Friday July 19, 2013 5:43 am

Once the center of America’s once dominant auto industry, the city of Detroit has filed for bankruptcy protection. It is the largest municipal bankruptcy case in U.S. history. The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday, culminating a decades-long slide that transformed the nation’s iconic industrial town into a [...]

Monsanto Loses Patent Case On Climate-Resilient Crops

By: Wednesday July 10, 2013 9:44 am

While Big Business think tanks and lobbyists try to foster skepticism on climate change one mega-corporation has decided to take the science very seriously. Unfortunately that company is Monsanto and their plan is to expand their monopoly into climate-resilient crops. Thankfully the agro-industry leviathan has been thwarted in its mission to control all profitable plant [...]

Monsanto Gets Its Very Own Law

By: Friday March 29, 2013 6:03 am

Hope and change strikes again. A provision many are dubbing the “Monsanto Protection Act” was covertly inserted into the Agricultural Appropriations Bill that President Obama signed Tuesday. The provision protects genetically modified food interests from litigation. The provision protects genetically modified seeds from litigation in the face of health risks and has thus been dubbed [...]

Romney Profited From Auto Bailout

By: Thursday October 18, 2012 8:30 am

Greg Palast has a new story out about Mitt Romney’s profit from Delphi Automotive, an auto parts subsidiary of GM, during the auto rescue. No bailout of GM—or Chrysler, for that matter—could have been successful without saving Delphi. So, in addition to making massive loans to automakers in 2009, the federal government sent, directly or [...]

UAW Makes Significant Gains in New Contract

By: Sunday September 18, 2011 3:42 pm

The successful auto industry rescue is definitely a feather in the cap for the Administration, protecting up to a million direct and indirect auto industry jobs, and putting GM and Chrysler in a position to succeed. Now there’s a new contract with the United Auto Workers to share the success with labor. One criticism of [...]

CEO of GM: Raise the Gas Tax By $1

By: Thursday June 9, 2011 8:58 am

OPEC announced yesterday they would not increase oil production in the near future. The price of oil remains elevated, at around $100 a barrel, and this means prices will stay high. Goldman Sachs has estimated that gas prices could hit $5 a gallon this summer. The speculation embedded in the system of oil trading is [...]

Obama Touts Auto Industry Rescue in Indiana

By: Tuesday November 23, 2010 12:43 pm

The President visited a Chrysler plant in Kokomo, Indiana, to tout the success of the auto industry rescue. Obama said he “knew that the very survival of places like Kokomo were on the line” when he enacted the unpopular bailouts and that recent signs of progress for U.S. automakers vindicate his decision. “So here is [...]

Bailed Out Companies Give Donations to Republicans

By: Monday October 25, 2010 10:05 am

We know that all the money sloshing around on TV will culminate in a last-week push to flood the airwaves with anti-Democratic messages. Basically, a series of outside groups are coordinating their spending together, apart from the party infrastructure and outside of any meaningful campaign finance constraints. They’ve gone completely around the RNC, seen as [...]

GM Files IPO

By: Wednesday August 18, 2010 2:07 pm

General Motors, the venerable American auto manufacturer which fell into bankruptcy and received substantial support from the US government, filed the initial papers for an IPO today, which will begin the process of allowing the Treasury Department to recoup some of its investment. In the filing, G.M. did not disclose the number of shares that [...]

President Tries to Rally Support for Auto Industry Intervention

By: Friday July 30, 2010 12:20 pm

The White House basically ended their efforts at passing an additional stimulus – defining stimulus as funding to increase demand that’s not offset – a while ago. Their strategy for the elections seems to be to cast their past decisions in a positive light, and highlight successes, contrasting with Republicans who wanted them to do [...]

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