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Category: Economy

Can a Billionaire Who Got Rich Investing in Big Oil Fight Big Oil?

by Darwin Bondgraham | May 15, 2013 | Economy, Environment

(BusinessWeek featured the above photo of billionaire Tom Steyer holding a jar of tar-sands oil. The article, titled “Tom Steyer: The Wrath of a Green Billionaire,” lauded his crusade to stop construction of the proposed Keystone XL pipeline, which would transport tar-sands oil from Canada to the Gulf of Mexico. As Darwin Bondgraham reports, part […]

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Tax Havens and the Return of the Pirates

by Daniel Innerarity | May 6, 2013 | Economy

(Last summer, the Tax Justice Network released a study estimating around $21 trillion is being held in offshore tax havens, which is equal to the annual GDPs of the U.S. and Japan. Tax havens, says philosopher Daniel Innerarity, exemplify our new age of piracy: TJN) Piracy is no longer a historical curiosity or a simple […]

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Did Bain and 9 Wall Street Firms Conspire to Slash Stock Prices of Companies They Raided?

by Darwin Bondgraham | May 3, 2013 | Economy

(Bain Capital is now famous for being founded by former Republican presidential candidate Mitt Romney, center, whose estimated worth is $250 million. Bain Capital is one of 10 private-equity firms defending itself in a civil case that alleges they conspired to defraud investors. This photo is from 1984. Source: WP) Private equity is poised to […]

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House Finance Chair Hensarling Vacationed with Wall Street

by Justin Elliot | May 2, 2013 | Economy

(Texas Republican Jeb Hensarling, chairman of the House Financial Services Committee, vacationed with Wall Street bankers in January, raising concerns of conflicts of interest: Fox.) In January, Rep. Jeb Hensarling, R-Texas, ascended to the powerful chairmanship of the House Financial Services Committee. Six weeks later, campaign finance filings and interviews show, Hensarling was joined by […]

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Arthur Goldwag: the Tsarnaevs, Conspiracy Theorists and the Politicians Who Exploit Them

by Arthur Goldwag | May 1, 2013 | Economy

(Alex Jones claimed the U.S. was behind the Boston bombings to strip Americans’ civil liberties.) Boylston Street was literally slick with blood when Massachusetts Gov. Deval Patrick held a press conference on April 15. The first question came from Dan Bidondi. “Why were the loud speakers telling people in the audience to be calm moments […]

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