Series of posts
-
Corporate Welfare.7: Walton Welfare
Tens of thousands of protestors participated in some 1,500 strikes initiated by the organization OURWalmart against the largest private employer in the country yesterday, which of course was Black Friday, known as the “Super Bowl of Shopping” in this country. To mark the occasion, Amy Goodman interviewed Catherine Reutschlin, a policy analyst at Demos who…
-
The Core is Getting Soft.8: Couture on the Cheap
-
Corporate Welfare.6: Pulling a Fast One
UC Berkeley’s Labor Center has published a new study on the role public subsidies play in the business model of fast food chains like McDonald’s, Burger King, and Wendy’s. Like the other corporations in this series of posts, it turns out that these firms surreptitiously pocket billions in public subsidies while preaching the doctrine of…
-
Top 40 over 40.14: Susan Te Kahurangi King
-
Corporate Welfare.5: Pigskin welfare
Some corporations, like GE and Bank of America, have to resort to creative accounting to make it look like they lost money to avoid paying federal taxes. The National Football League is not one of them. A recent Change.org petition reads as follows: “Despite the fact that it is a $9Billion/Year industry, the National Football…
-
Corporate Welfare.4: Avoid Amazon
Salon.com published a piece today with the provocative title, “Amazon is worse than Walmart.” Their argument centers on the notion that Amazon’s business strategy for years has been to accept near-perennial losses on a quarterly and yearly basis in exchange for achieving a near monopoly size “market share.” Walmart, by contrast, actually makes a profit.…
-
The Core Is Getting Soft.7: The Kunst of Kunz
-
Corporate Welfare.3: Welfare Wings
Today the Real News Network, who I encourage you to support during their current drive to win a matching gift, is reporting that “the Michigan strategic fund has decided to issue $450 million in bonds for a new stadium for the Detroit Red Wings, 44% of which will be financed publicly,” while the city is…
