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‘Stripped for Parts: American Journalism on the Brink’
In 2011, a Wall Street hedge fund, Alden Global Capital, started buying up chains of newspapers nationwide. Alden found a way to profit from distressed industries, but the effects on the newspapers’ journalism were disastrous.
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U.S. bank bailout benefited billionaires, exposing corruption: ‘I understand why Americans are angry’
Before it collapsed and its billionaire depositors were bailed out by the U.S. government, Silicon Valley Bank successfully lobbied Congress to remove regulations on it. A senator admitted, “I understand why Americans are angry, even disgusted”.
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If the minimum wage had increased as much as Wall Street bonuses since 1985, it would be worth $44 today
The 2020 bonus pool for 182,100 securities industry employees could pay for more than 1 million jobs paying $15 per hour for a year.
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More important than gold, water should not be traded on Wall Street
Water is essential for life, access to fresh water is a human right, and most importantly, water is sacred. Water is life.
