A new report by Open the Books shows that the Fortune 100 companies received a total of $1.2 Trillion in corporate welfare from 2000-2012, non-including the bailouts to auto and banking sectors issued after the 2008 recession. The report shows that the military, banking, agri-business, and oil sectors received the largest handouts. Tax & Regulate [...]
Inequality keep growing at a time when US corporations are incurring record profits. How do we fix this? On Sunday’s op-ed for the Washington Post, Summers said that changing the tax code to eliminate loopholes that benefit the rich – such as capital gains exemption, estate tax provisions, and corporate tax breaks- would help the [...]
Jeff Bezos’ $600 million contract with the CIA puts the credibility of the Washington Post, the newspaper that the Amazon founder bought in late 2013, in question. Real News reports Picture credit: Donkeyhotey cc by 2.0
The rich are getting extremely richer. An Oxfam report shows that only 85 humanoids own as much as the bottom half of the entire world. As End Neoliberalism exposes in the book Tax and Regulate the One Percent, the super rich incurred record profits for 3 consecutive years (2010, 2011, and 2012) after taxpayers bailed [...]
On November 24 the Swiss people will vote on Initiative 1:12 to limit CEO pay to only 12 times that of the lowest paid employee, Business Insider reports. This move has executives worried and corporations such as Nestle, Novartis, and Bobst sent letters to their employees to impose that Initiative 1:12 is bad for business. [...]
Affordable, small, and with zero visual impact. Underwater kites have the potential to farm about 20 gigawatts, equal to the power generated by 10 nuclear power plants, from the current flowing off the Gulf of Mexico and into the Atlantic Ocean, Discovery News reports. The first underwater kite, Deep Green, was designed by the Swedish [...]
It’s time to listen to the people who are affected the most by climate change. Last year, Naderev Saño, the lead negotiation for the Philippines at the U.N. Climate Change Conference in Doha, delivered a tearful speech about climate change. Today, the Phillipines is engulfed in one of the worst extreme weather disasters any country [...]
Appalatch, the Asheville based apparel company, is raising funds via Kickstarter to mass produce the first 3D-printed sweater. The sweater will come with a price tag of $189, which is in the range of many premium apparel brands found in your nearby mall. Unlike major brands, however, Appalatch will print your sweater with zero waste [...]
Citigroup wrote 94% of the lines of bill H.R. 992 entitled the Swaps Regulatory Improvement Act, which was written to repeal the Dodd-Frank Act. The bill was passed by the House after members received $22 million from interest groups. More at The Real News Picture credit: manituou2121 CC BY2.0
On average, each American family pays $6,000 a year to profitable corporations that outsource jobs, according to a Buzzfeed investigation. As an average, middle-class families earning over $72,000 give a lot more than $6,000 to the super-rich. Big business suck billions of dollars from direct subsidies and grants, incentives, interest rates, retirement funds, corporate tax [...]
