Jamie_Dimon,_CEO_of_JPMorgan_Chase

Why Jamie Dimon Is One of the Biggest Economic Polluters in America By Lynn Stuart Parramore

Ed Kane, a professor of finance at Boston College and grantee at the Institute for New Economic Thinking [3], studies the dangerous risk-taking of giant banks. He sees the cultures of Wall Street and regulators coming together to turn taxpayers into victims of theft and great harm. Like extreme drunk drivers before MADD or smokers on airplanes prior to the 1980s ban, …

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Economic Update – Fighting Economic Injustice – 06.21.15

We open with Goldman Sachs injustice and move on to the ‘independent contractor’ ploy just busted at FedEx and Uber and then Wisconsin governor’s attack on public university to lower taxes on corps and rich. We interview Prof Kristin Ross on (her new book) on the significance of the Paris Commune where workers fought injustice by reorganizing society dramatically and effectively.

Ignoring Reality, Subverting Morality: GMOs and the Neoliberal Apologists By Colin Todhunter

Monsanto is often called one of the most ‘evil’ companies on the planet. It has a history of knowingly contaminating the environment and food with various poisons, cover ups and criminality (see this, outlining the company’s appalling history). In recent times, there has been much focus on its promotion and patenting of GMOs, the deleterious impacts of its glyphosate-based herbicide Roundup and how …

Pillage and Class Polarization: The Rise of “Criminal Capitalism” By Prof. James Petras

About 75% of US employees work 40 hours or longer, the second longest among all OECD countries, exceeded only by Poland and tied with South Korea.  In contrast, only 10% of Danish workers, 15% of Norwegian, 30% of French, 43% of UK and 50% of German workers work 40 or more hours.  With the longest work day, US workers score …

Illustration by Andrzej Krauze

Aspirational parents condemn their children to a desperate, joyless life – George Monbiot

Perhaps because the alternative is too hideous to contemplate, we persuade ourselves that those who wield power know what they are doing. The belief in a guiding intelligence is hard to shake. We know that our conditions of life are deteriorating. Most young people have little prospect of owning a home, or even of renting a decent one. Interesting jobs …

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Retiring Cisco CEO delivers dire prediction: 40% of companies will be dead in 10 years JULIE BORT

Cisco’s giant customer conference, Cisco Live, began Monday in San Diego and was the last time outgoing CEO John Chambers would impart his vision in a keynote speech. And was it ever a speech, filled with fire-and-brimstone predictions. The upshot: Chambers, Cisco’s CEO of 20 years, says more than one-third of businesses today will not survive the next 10 years. The only …

Is US Trade Rep a Wall Street Crony? Groups Demand Transparency. – Deirdre Fulton

Noting deep ties between the country’s top trade negotiator and Wall Street banks, ten groups representing millions of Americans are calling on the White House to make public all communications between U.S. Trade Representative Michael Froman and the massive financial institutions that stand to benefit from proposed trade deals. In a letter (pdf) addressed to Froman—lead champion of President Barack Obama’s corporate-friendly …

The College Bureaucracy: How Education Forgot the Students and Became A Business By Devon DB

Students attend college to pursue their interests, broaden their intellectual horizons and make headway toward a career. While this is made difficult due to the amount of debt that many must saddle in order to earn a degree, there is also another, much stealthier problem as well: the college bureaucracy. University bureaucracies absorb large amounts of funding and undermine the …

Silicon Valley’s Eating Up Super Ritalin. I Got the Best of It. – Dan McCarthy

Nootropics, the new staple “brain enhancers” in Silicon Valley that purport to increase productivity and perception, exist in an unregulated legal gray area in the U.S. In Colombia, you can pick up even the shadiest kinds over the counter. I did just that. In the months before a recent trip to Colombia, off to visit an expat friend living there, …

“Monsanto, out of China!” website launched

“Monsanto, out of China!” website (in Chinese): http://www.monsanto-out-of-china.org On May 25 2013, anti-Monsanto demonstrations took place in 436 cities in 52 countries. With slogans such as “Either mankind will stop Monsanto, or Monsanto will stop mankind,” demonstrators called for the public to be aware of the dangers posed by GMO food. On May 24, 2014, the planet again witnessed anti-Monsanto demonstrations …