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Category Archives: Corporate Crime

A prediction

Friday, September 8, 2017

Three executives of the credit-reporting agency Equifax sold nearly $2 million worth of company stock within days of a massive data breach potentially affecting 143 million Americans — one that wasn’t publicly disclosed until more than a month later. In a statement, Equifax says the executives “had no knowledge that an intrusion had occurred at […]

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Uber uber alles?

Wednesday, December 7, 2016

There is nothing I like more than having my own preconceptions validated, so I direct your attention to a series of articles (now concluded) at Naked Capitalism about Uber. I’ve always detested Uber, because every fiber of my being believed it was simply a device to shift money from the bottom to the top. Taxi […]

Also filed in Economics, Inequality | | Comments (0)

An interesting legal question

Friday, October 7, 2016

My wife and I own property in Chester, Vermont, so I have the Chester Telegraph‘s newsfeed on my RSS reader. Chester is right down the road from Grafton, where they used to make Grafton cheeses. That’s right, the factory is gone, as is the outlet shop, leaving nary a thing behind. It did not, however, […]

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Poor Tim Cook

Thursday, September 1, 2016

I’m writing this on an IPad, and I love the thing, but Apple is a different story. It’s a corporation, and like Google’s should be, it’s motto could be “first, do evil”. It seems the European Commission has found, to Tim Cook’s stunned surprise, that Apple is using Irish law to avoid paying taxes, not […]

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Why we really need the TPP

Monday, June 27, 2016

Shouldn’t this have been front page news: On June 24, foreign oil company TransCanada filed a lawsuit against the U.S. under NAFTA, the North American Free Trade Agreement, arguing that the U.S. rejection of the Keystone XL pipeline violated NAFTA’s broad rights for foreign investors by thwarting the company’s “expectations.” As compensation, TransCanada is demanding […]

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Brexit

Monday, June 27, 2016

The Brexit vote is all over the news, at least it was a day or so ago, and there are no end of explanations to why the British voted the way they did. It was a fairly unique situation. The right had reasons to support an exit, given the anti-immigrant posturing of some of the […]

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O frabjous day! Callooh! Callay!

Sunday, June 12, 2016

I am constantly amazed at the extent to which so much of the press is uninformed about the forces that are shoveling our money to the .01%. Consider this article from our local rag, the New London Day, in which not a word is uttered about the outrageousness of what these “scientists” are proposing to […]

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We (apparently) don’t need no education

Monday, May 30, 2016

Apparently, that’s what our State Boards of Education, under Democrats and Republicans alike, seem to believe. It’s far more important to hand our educational system over the rent-seeking for profit (whether they call themselves non-profit or not), charter school chains. In Pennsylvania, the charter schools call the shots and the public school system is being […]

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Really unbelievable

Thursday, March 17, 2016

It is both mystifying and inexcusable that Obama would do this: Democrats sitting on the U.S. Senate Banking Committee at Tuesday’s confirmation hearing to take testimony from President Obama’s two nominees for the Securities and Exchange Commission (SEC) must have felt like they were having an out of body experience — listening to the human […]

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Thank you, Canada 

Thursday, January 7, 2016

Or, more accurately, thank you TransCanada: TransCanada has filed a lawsuit against the Obama administration and plans to file a claim under the North American Free Trade Agreement over the U.S. government’s rejection of the company’s proposed Keystone XL pipeline. The company said Wednesday it has filed a notice of intent to initiate the NAFTA claim on […]

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