Tag

Corporate Power

All articles tagged with #corporate power

labor-relations1 year ago•6 min saved

"US Corporations Warn of Reverting to 'Law of the Jungle' for Labor"

Major US corporations, including SpaceX, Amazon, Starbucks, and Trader Joe's, are seeking to have the National Labor Relations Board (NLRB) declared unconstitutional in response to increased unionization efforts. If successful, this could lead to a return to "the law of the jungle" in US labor relations, according to experts. The corporations argue that the NLRB exercises excessive power and violates the separation of powers, while some experts warn that dismantling the NLRB could have far-reaching consequences for workers' rights and collective bargaining.

via The Guardian US|

#corporate-power #labor-relations #labor-rights

wealth-disparity2 years ago•2 min saved

"The Doubling Wealth of the World's Top Billionaires: A Decade of Disparity"

According to an Oxfam report, the combined wealth of the world's five richest men has more than doubled since 2020, reaching $869 billion in November 2023. The report highlights the increasing wealth gap, with the richest 1% owning 43% of global financial assets, and calls for measures to curb corporate power and reduce wealth inequality, as the charity warns that extreme poverty persists while a small number of individuals race to become the world's first trillionaire within the next decade.

via CNBC|

#billionaires #corporate-power #oxfam

labor-rights2 years ago•11 min saved

Navigating the Perils of Hollywood Strikes: Actors, Writers, and Health Insurance at Risk

As the strike by 11,000 film and television writers and 65,000 actors in the US continues, the greatest danger they face is the isolation of their strike. The conglomerates, including Warner Bros Discovery, Apple, Netflix, Amazon, Disney, and Paramount, have no intention of negotiating with the striking writers and actors and are determined to "break the WGA." The companies' proposal fails to protect writers from the existential threats that caused the strike in the first place. The WGA and SAG-AFTRA leaderships are looking for a deal that they can "sell" to their members, but the current course of the strike can only lead to disaster. Breaking the isolation of the strike and building rank-and-file committees independent of the union bureaucracy is crucial for the success of the writers and actors in their fight against corporate power.

via WSWS|

#corporate-power #labor-rights #rank-and-file-committees

business2 years ago•6 min saved

The Rise of Jamie Dimon and JPMorgan's Banking Dominance

JPMorgan Chase's CEO, Jamie Dimon, has become known as the banking industry's savior after orchestrating three federally backed deals to buy struggling banks, including First Republic Bank. While these deals have helped defuse panics, they have also raised concerns about the growing power of banks like JPMorgan and their potential threat to the financial system. Despite occasional scandals, Dimon has maintained JPMorgan's stability and continued to grow the bank through acquisitions. He has also taken on a statesman-like role, opining on policy issues and championing the concept of "stakeholder capitalism." His reputation for stability and longevity as CEO have made him a go-to person for government officials seeking to stabilize the financial system.

via The New York Times|

#banking #business #corporate-power

politics2 years ago•4 min saved

Robert F. Kennedy Jr. declares presidential candidacy in Boston.

Robert F. Kennedy Jr., a member of the famous Kennedy family, formally announced his run for president in Boston, with a focus on ending the "corrupt merger of state and corporate power." However, his recent association with far-right figures and anti-vaccine movement has drawn criticism from public health experts and some members of his own family. Kennedy's candidacy may face hurdles, but he remains a contender for the Democratic nomination.

via CBS Boston|

#anti-vaccine-movement #corporate-power #democratic-nomination

politics2 years ago•2 min saved

"Robert F. Kennedy Jr. Runs for Democratic Presidential Nomination in 2024"

Robert F. Kennedy Jr., the anti-vaccine advocate and environmental lawyer, has announced his bid for the Democratic 2024 presidential nomination. Kennedy Jr. plans to end the corrupt merger of state and corporate power that is threatening to impose a new kind of corporate feudalism on the country. He joins self-help guru Marianne Williamson in a presidential primary against incumbent Joe Biden. Kennedy Jr.'s anti-vaccine rhetoric has intensified after the start of the COVID-19 pandemic and the development of vaccines to protect against the virus.

via New York Post |

#2024-presidential-election #anti-vaccine #corporate-power

politics2 years ago•1 min saved

DeSantis escalates feud with Disney World in Florida power struggle.

Florida Governor Ron DeSantis has introduced a legislative proposal aimed at nullifying Disney's recent effort to restrict the state's ability to rein in future development at Disney World. DeSantis said lawmakers are also looking to revoke other privileges the entertainment giant holds in Florida, including its monorail system's exemption from state inspections. The bill is set to be filed next week.

via Axios|

#corporate-power #development #disney-world