New Senate Report Details How Private Equity ‘Devastates’ Hospital Systems
A new report detials the impact of hospital system looting by private equity, here executed by Leonard Greene at Prospect Medical Holdings.
Read more...Category Archives: The destruction of the middle class
Tucker Slams Predatory Buy Now, Pay Later Loans as the Economist Celebrates This New Debt Slavery Device
A relatively new financial product, buy now pay later loans, is deepening the misery of already over-extended Americans, especially Gen Z
Read more...The US Should Look to Putin for Help to Rebuild Trust in American Institutions
American elites looked at post-USSR Russia and said “let’s do that here.” A president serious about MAGA should ask Putin how he dug the county out of that hole.
Read more...New Study Attempts to Candy-Coat Impact of Job Loss
A reader critical thinking exercise! Time to take a hard look at a study that argues that losing your job may not be all that terrible.
Read more...Is Price Fixing Protected by the First Amendment?
RealPage continues ugly post-Citizens United trend, and provides more evidence that the Democrat Abundance enthusiasts are full of hot air.
Read more...CBO Confirms Trump Budget Law Will Trigger Over $500 Billion in Automatic Medicare Cuts
Tax breaks for billionaires are set to force over half a trillion dollars in Medicare cuts.
Read more...Peak Neoliberalism: Wall Street Journal Pearl-Clutches Over Lack of Mobility Due to High Housing Costs, Insufficient Pay
The Journal laments how mobility has fallien while averting its eyes from how neoliberalsm and rentierism are the drivers.
Read more...Sanders Bill Would Fight Trump Effort to ‘Dismantle Social Security’
A Sanders effort to preserve Social Security shows some of the Trump vectors of attack.
Read more...Thomas Neuburger: Our Lawless Elites
Tracing the increased concentration of power in our elites, and how Trump is in the process of consolidating it in his person.
Read more...NYC Mayor Eric Adams in Cahoots With ICE? Sudden Surge in Courthouse Arrests With Failure to Act on Illegal Detentions
Hyper agressive ICE shifts tactics in New York City by arresting targets at court appearances. A sop to Mayor Adams? To NYC oligarchs?
Read more...Why “Spend Before Tax” Is the Key to Unlocking a Future for Young People
The future younger people inherit is being decided less by the constraints of economics than by the limits of political imagination.
Read more...How States Are Placing Restrictions on AI in the Absence of Strong Federal Regulation
Yves here. On the one hand, it is gratifying to see that some curbs are being put on AI, even if in a piecemeal fashion by states. Restrictions on AI use in medicine, for instance, will tend to have broader impact since most providers are national and will find it too costly to run a […]
Read more...Food Rescue Grows in Response to Federal Funding Cuts
Food rescue, charities that use excess from wholesalers, provide free groceries to those in need as Federal programs cut support.
Read more...Michael Hudson: From Babylon to Wall Street – How Bankers Make You Poor
A wide-ranging historical discussion with Michael Hudson, tracing the destructive rise the power of lenders from ancient times to today.
Read more...As Tariffs Bite and Jobs Stall, New Interactive Tool Tracks How Much Trump and GOP Are Raising the Cost of Living
As Trump’s new tariffs are about to squeeze American wallets even harder, a new tool helps keep track of the damage.
Read more...