‘Just like a plantation’: Texas inmates go on strike over slave-like conditionsClaiming that they are treated like slaves, inmates from up to five Texas prisons have orchestrated a historic workers’ strike. A lack of access to quality food and water, low wages, overcrowding, and poor working conditions were among their complaints. Striking inmates are refusing to leave their cells for work assigned by Texas Corrections Industries (TCI), a publicly traded company.
TPP is the ‘worst trade deal ever,’ Nobel-winning economist Joseph Stiglitz saysNobel Prize-winning economist Joseph Stiglitz says the Trans-Pacific Partnership, or TPP, could be the worst trade agreement ever negotiated in history. In an interview with CBC News, he recommended that the government of Canada insist on reworking it.
Corporate Media Gatekeepers Protect Western 1% From Panama LeakWhoever leaked the Mossack Fonseca papers appears motivated by a genuine desire to expose the system that enables the ultra wealthy to hide their massive stashes, often corruptly obtained and all involved in tax avoidance. These Panamanian lawyers hide the wealth of a significant proportion of the 1%, and the massive leak of their documents ought to be a wonderful thing.
Why California AG Filed Lawsuit Against Morgan Stanley?Why Morgan Stanley was sued by California AG?
FDA sued over approval of genetically engineered ‘frankenfish’The US Food and Drug Administration is being sued by a coalition of environmental, fishing and consumer groups for its approval of genetically engineered salmon – the first such animal to ever be sold for commercial consumption. The lawsuit announced Thursday challenges the FDA’s power to approve the salmon, which can be grown twice as quickly as natural salmon.
Giant Leak of Offshore Financial Records Exposes Global Array of Crime and CorruptionA massive leak of documents exposes the offshore holdings of 12 current and former world leaders and reveals how associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies. The leak also provides details of the hidden financial dealings of 128 more politicians and public officials around the world.
U.S. judge rejects 14 banks’ bid to throw out rate-rigging lawsuitNEW YORK A federal judge in Manhattan on Monday rejected an effort by 14 of the world’s biggest banks to throw out a private lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. U.S.
Credit Suisse (CS) Settles RMBS Case with NCUA for $29MOn Thursday, Swiss Bank ??? Credit Suisse Group AG (CS) agreed to a settlement by paying $29 million to the U.S. regulator for credit unions ??? National Credit Union Administration (NCUA) ??? related to the RMBS lawsuit.
Bank of America, et al. accused of anti-competitive conductCHICAGO (Legal Newsline) – Several financial institutions are being sued over alleged anti-competitive conduct in the market for interest rate swaps (IRS). Harrison County, Mississippi, Magnolia Regional Health Center and Cullman Regional Medical Center, individually and for all others similarly situated, filed a class-action lawsuit Feb. 18 in U.S.
Andy Grove’s Warning to Silicon ValleyThe praise this week for Andy Grove, who died on Monday at age 79, has been wrapped up in praise for Silicon Valley, where he was a towering figure in the semiconductor revolution and the longtime leader of Intel, the world’s biggest supplier of microprocessors.
Welcome To The Post-Work EconomyIf the goal of the economy is to provide decent-paying work for everyone, that economy clearly isn’t doing a good job at the moment. Real wages for most Americans haven’t increased in 40 years. Real unemployment-which includes the “under-employed”-is above 10%. Many jobs are now part-time, flexi-time, or “gigs” with no benefits and few protections.
Homeless sue Los Angeles for arrests and destroying their propertyA group of homeless people are suing the City of Los Angeles and the police department for “criminalizing” their homelessness, violating their civil rights and destroying their possessions. “We brought this suit to prevent the city from engaging in a practice of unlawfully seizing and destroying homeless people’s property.
Stop eroding faith in gov’t: DOJ warns courts about fining & jailing poor peopleThe US Justice Department cautioned local courts that it is unconstitutional to jail someone for not paying fines without determining whether they are able to pay, and warned against using court fees to generate revenue for cities. The warnings came as part of an effort to reform court practices that “perpetuate poverty and result in unnecessary deprivations of liberty,” the Justice Department said.
You’ll have to choose sooner than you think: Basic Income or Dystopian SlaveryAt no point in the history of our species has human culture ever changed as rapidly as it is now-and I literally mean now, because by the time you get to the end of this article, I suspect that a profound discovery would have been uploaded to the internet from somewhere on the globe.