Fixing the Wall Street Journal
Runaway Inequality trainer Kris Raab has better advice about how to shelter in place. Read her story here.
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Is Wall Street Killing Grandma?
As we scramble to locate hospital beds and life-saving equipment during this pandemic, remember that we are fighting two diseases. By Les Leopold If you or your loved ones become seriously ill during this pandemic crisis, either with Covid-19 or for any other reason, there may not be a hospital bed or life-saving equipment available …
Jeff Bezos is a Whole Lotta Rich. How Rich?
Amazon proudly claims that from 2010 to 2018 it contributed $168B to the US domestic gross product. Amazon, as we all know, is a big company owned by Jeff Bezos (he actually owns 12 percent of Amazon’s stock, the controlling interest). So a $168B contribution to the GDP sounds like a lot. According to Forbes …
Public Banking in California Is For Real
California governor Gavin Newsom signed the bill into law on October 2, allowing city and county governments to set up publicly owned banks to accept tax and other revenue and fund infrastructure and other programs with lower costs than those offered by commercial banks. You can read the story in the Guardian here..
As California Considers a Public Bank, The Story of North Dakota’s
View this post on Instagram In 1945, the first transfer of the Bank’s profits to the general fund was made—$1,725! The next time this occurred was in 1949 and 1951, a veterans’ fund received $1.5 million. Learn more in The Bank of North Dakota, From Surviving to Thriving – The First 100 Years hardcover book. …
Read moreAs California Considers a Public Bank, The Story of North Dakota’s
Corporate Tax Subsidies Increase Inequality.
Les Leopold turned his recent testimony about corporate tax subsidies in New Jersey into an op-ed in the Newark Star Ledger. You can read it here.
The Nitty Gritty Had This to Say About Runaway Inequality
RUNAWAY INEQUALITY—This is the most pressing issue that affects all working people and the poor. After World War II the US emerged as a super power because its economy built up a strong middle class. The system at that time saw the height of union involvement so workers could negotiate with business for improved wages …
Read moreThe Nitty Gritty Had This to Say About Runaway Inequality
Will the Democrats Abandon Lordstown to Trump?
Lordstown is the poster child for modern financialized capitalism and runaway inequality By Les Leopold The vacant Lordstown General Motors facility is a frightening sight—6.2 million square feet of modern industrial might spread over 900 acres doing absolutely nothing except depressing the regional economy and the spirits of northeast Ohio. Just a few months ago …