Posts filtered by tags: Late Stage Capitalism[x]
California tenants receive rent-hike threats that will only be rescinded if rent-control initiative fails16h ago ( October 19, 2018 at 7:57 AM ) Tenants in California have received threatening letters from their landlords promising massive rent hikes if Proposition 10 (previously), which restores rent control, passes.
It's part of a national, lavishly financed attack on pro-tenancy measures, which has coincided with the entry of large private equity firms into the rental property market, skyrocketing rents and evictions, and a calamitous decline in the safety and quality of rental housing.
In Boston, landlord lobbyists killed a mod...Tags: Post, News, California, Oregon, Stanford, Wall Street, Boston, New York City, PAC, Piketty, Rent Control, Blackstone, New Republic, California Democratic Party, Equity Residential, Late Stage Capitalism 39 people like this. Like City of Seattle's official tow partner impounded a homeless woman's stolen car and wanted $21,634 to give it backOctober 18, 2018 at 12:05 PM Seattle is in the grips of a dire housing emergency (though the city has money to burn when it comes to subsidizing multi-billion-dollar sports teams); Amanda Ogle is one of the many people in Seattle living out of a car, in her case, a 1991 Camry.
Ogle's car was stolen, abandoned, and towed by Dick's Towing to an impound lot with a fee owing of $427 (which Ogle couldn't afford); Dick's Towing (sister company to Lincoln Towing, the City of Seattle's official towing partner) gave Ogle the w...Tags: Post, News, Homelessness, Lincoln, Seattle, Dick, Amanda, Seattle Times, Ogle, Danny Westneat, Eggers, Late Stage Capitalism, Guillotine Watch, Weaponized Shelter, The Rent's Too Damned High, Amanda Ogle 34 people like this. Like Canada Pension Plan is long on US private prisons and immigrant detention centersOctober 14, 2018 at 1:00 PM Robbo sez, "As a Canadian in my later years I benefit from my monthly Canada Pension Plan payments. As a Canadian and a human being I am disgusted that CPP holds stock in Geo Group and CoreCivic, companies who operate for-profit prisons and immigrant detention centres. As MP Charlie Angus (NDP) sez: 'Quite frankly, if they’re going to be investing in private prisons, weapons manufacturers and tobacco companies, why aren’t they investing in narco gangs?' They better clean this shit up - and fast...Tags: Post, Business, News, US, America, Canada, Carceral State, CPP, GEO Group, Canada Pension Plan, Robbo, Profiteering, National Immigrant Justice Center, Late Stage Capitalism, John Howard Society of Canada, CoreCivic 47 people like this. Like Capitalism torched the world, fascism rose from the ashesOctober 14, 2018 at 12:24 PM Umair Haque (previously) is in the unfortunate position of being both inarguably correct and horribly depressing when he says "catastrophic climate change is probably inevitable."
Capitalism was incapable of dealing with climate change, treating damage to human lives and the planet we share as "unpriced negative externalities" rather than evidence that a system whose tenet was the we would achieve optimal outcomes only if we "exploit and abuse one another, not hold each other close, mortal ...Tags: Amazon, Asia, Europe, Post, News, Climate, America, Brazil, Muslim, Umair Haque, Late Stage Capitalism, Looters, Early Stage Fascism, Global Trumpism, Philippines Hungary Italy America, Australia Nations 36 people like this. Like California ballot measure to reintroduce rent control met with millions in opposition from Wall Street landlordsOctober 13, 2018 at 11:27 AM California is one of the hot-zones in the world's urban housing crisis, driven by a combination of opposition to highrise/high-density living and the mass purchase of foreclosed properties following the 2008 crisis by giant Wall Street landlords who have steadily ratcheted up rents and evictions in a big to safeguard the flow of payments to bondholders who get a share of the rents extracted from struggling tenants living in dangerous, substanding housing.
California's cities have different ...Tags: Post, News, California, Los Angeles, Private Equity, Donald Trump, Blackstone, Schwarzman, Stephen Schwarzman, DSA, Late Stage Capitalism, Guillotine Watch, Weaponized Shelter, Starwood Waypoint Homes, The Rent Is Too Damned High, Yesonprop10 35 people like this. Like Banksy booby-trapped a painting so it self-destructed after Sotheby's sold it for £953,829October 6, 2018 at 11:04 AM Banksy's iconic "Girl With Red Balloon" street art went under the hammer at Sotheby's in a custom frame of the artist's own design; moments after it sold for £953,829, a booby-trap kicked in, drawing the canvas into a series of shredder blades built into the frame, rendering it down to a pile of forlorn strips of shredded cloth.
The art speculation market has run white-hot for a decade and more, as inequality floods of dark money has sought highly liquid, tax-invisible assets. As a result,...Tags: Art, Europe, Post, Business, News, Banksy, Pranks, Sotheby, Late Stage Capitalism, Anny Shaw, Destroy All Rational Thought, Alex Branczik 31 people like this. Like US governmental requests for comment are routinely flooded by pro-corporate botsOctober 5, 2018 at 12:27 PM Last year, the FCC was only able to ram through a repeal of Net Neutrality by refusing to reject the millions of comments sent by bots that used the stolen identities of regular internet users, dead people, and even sitting US Members of Congress.
It turns out the FCC isn't the only agency being flooded by bots during requests for comment -- and it's also not the only agency that doesn't seem to give a shit about being astroturfed by bots using stolen identities to influence government poli...Tags: Post, Business, News, Fcc, Congress, US, Foia, Astroturf, Identity Theft, Botwars, Consumer Financial Protection Bureau, Labor Department, Labor Board, CIT Bank, OneWest Bank, CIT 47 people like this. Like America's cities sue FCC for handing billions in municipal subsidy to wireless carriersOctober 4, 2018 at 2:01 PM The FCC has ordered American cities to hand discounted access to public resources for 5G access, and to operate a bureaucracy that rubberstamps applications to use city resources without delay. The FCC prices this subsidy at $2 billion.
In response, US cities and small towns have announced that they will jointly sue the FCC.
The FCC order also forces cities and towns to act on carrier applications within 60 or 90 days, and it limits the kinds of aesthetic requirements cities and towns ca...Tags: Post, News, Cable Company Fuckery, Fcc, Law, US, America, Seattle, 5g, Holmes, Ajit Pai, Late Stage Capitalism, Privatized Gains Socialized Losses, Durkan, Jon Brodkin Ars Technica 25 people like this. Like Ontario businesses want trumpy Doug Ford to kill leave for domestic abuse survivors, allow mandatory high heeled shoesOctober 3, 2018 at 1:09 PM Ontario's "A Plan for Fair Workplaces and Better Jobs" (AKA Bill 148) legislates leave for domestic abuse survivors, provides for 10 days of paid emergency leave, three weeks paid vacation after five years' employment, and a ban on employers requiring their employees to wear high heels.
The Retail Council of Canada and the Ontario Chamber of Commerce have joined forces to lobby Ontario premier Doug Ford (previously), a laughable trumplefuck elected on promises to lower the cost of beer to $...Tags: Post, Gender, News, Toronto, Canada, Ford, Rob, Bill, Ontario, Cbc, Doug Ford, Ontario Chamber of Commerce, Retail Council of Canada, Late Stage Capitalism, Cdnpol, Guillotine Watch 33 people like this. Like Leaked video reveals Amazon's union-busting playbookSeptember 27, 2018 at 9:16 AM As the tide of public opinion turns against monopolism, Amazon has become the poster child for irredeemable, late-stage capitalism; the company's ham-fisted attempts to burnish its reputation have not stemmed the tide.
As a result, union drives among Amazon workers -- including those at Amazon subsidiaries like Whole Foods -- have gained steam.
Like other giants -- McDonald's, Walmart, etc -- Amazon is staunchly opposed to unionization by its workforce. In a 45-minute video aimed at Amazo...Tags: Amazon, Post, News, Labor, Leaks, Gizmodo, Class War, McDonald, Late Stage Capitalism, Threaten Interrogate Promise Spy, Union-busting, Walmart etc Amazon, Bryan Menegus Gizmodo 42 people like this. Like The world's richest families got MUCH richer, thanks to the stock marketSeptember 25, 2018 at 10:00 AM As low interest rates and terrible bond yields have driven more everyday people into the stock market in the hopes of protecting their savings from inflation and building their pensions, the market has surged -- with the richest people on Earth surfing the wave.
Bloomberg reports on UBS and Campden's annual survey of the rise of "family offices" created by the new class of super-rich (37% of family offices in the survey were created since 2010), some with as many as five offices dotted arou...Tags: Asia, Post, Business, News, China, Bloomberg, Earth, Ubs, Piketty, North America, Inequality, Gerald Ford, Late Stage Capitalism, Oligarchy, Guillotine Watch, Bubblenomics 40 people like this. Like Canada's legal weed stock-bubble is a re-run of the dotcom bubbleSeptember 24, 2018 at 7:28 AM Canada and Uruguay are the only two countries to have legalised the recreational use of marijuana (the Netherlands has laws on the books against it, but they're not enforced); the Canadian Securities Exchange has been transformed into "the cannabis stock exchange," a latter-day NASDAQ filled with hyperinflated stocks in legal weed companies.
For example, Constellation Brands Inc (Corona and Modelo beer, etc) has invested more than $4 billion in Canopy Growth Co.
As the WSJ writes, "the o...Tags: Post, Business, Usa, News, Weed, Finance, US, Toronto, Canada, Netherlands, Uruguay, Deloitte, War On Drugs, WSJ, Bong Bong, Modelo 41 people like this. Like Since 2007, debt-haunted grads have been doing public service to earn loan forgiveness, which they won't getSeptember 23, 2018 at 8:53 AM The roster of people carrying student debt is really just "a list of people liable to additional taxation after graduation"; in 2007, GW Bush signed into law the Public Service Loan Forgiveness (PSLF) program that would allow debt-haunted grads to earn loan forgiveness by foregoing the private sector and working for lower wages in public service for a decade.
In theory, thousands of people should be having their debts wiped away this year. In reality, less than one percent of the people enr...Tags: Post, News, Education, Debt, Oklahoma, Class War, Cnbc, Graeber, Student Debt, Bush, Public Service Loan Forgiveness, Public Service Loan Forgiveness PSLF, Allie Conti, Late Stage Capitalism, Guillotine Watch, Strike Debt 31 people like this. Like Exploring the ruins of a Toys R Us, discovering a trove of sensitive employee dataSeptember 23, 2018 at 7:56 AM When the private equity raiders who took over Toys R Us, saddled it up with debt, extracted $200,000,000 and then crashed it, they took the employee severance fund with them, but that wasn't the final indignity the titans of finance inflicted on the workforce before turning them out on the unemployment line.
Hackaday's Tom Nardi went on an urban exploration adventure through an abandoned Toys R Us, checking out the fixtures and fittings that remained after its inventory had been sold off an...Tags: Video, News, Labor, Employment, Canada, Social Security, Private Equity, Class War, Toys R US, NCIX, Late Stage Capitalism, Nardi, Guillotine Watch, Data Smog, Tom Nardi, Tom Nardi Hackaday 33 people like this. Like Puerto Rico didn't suffer a "natural disaster": it was looted and starved long before the hurricanesSeptember 21, 2018 at 1:55 PM Hurricanes Irma and Maria left Puerto Rico in tatters, but it would be a mistake to blame the weather for Puerto Rico's suffering; Puerto Rico was put in harm's way by corrupt governments doing the work of a corrupt finance sector, then abandoned by FEMA, and is now being left to rot without any real effort to rebuild its public services so that they can be privatized and used to extract rent from the island's residents.
As Naomi Klein writes in The Intercept, this wasn't an "Act of God." ...Tags: Post, Happy Mutants, News, Climate, Fema, Colonialism, Naomi Klein, Maria, Puerto Rico, Irma, La Junta, Late Stage Capitalism, Solarpunk, Disaster Capitalism, Shock Doctrine, No Natural Disasters 46 people like this. Like Seattle can't afford to fund arts, housing or tourism, but it can find $135 million to repair the Mariners stadiumSeptember 18, 2018 at 3:37 PM  Tags: Post, News, Washington, Sports, Baseball, Seattle, Mariners, Seattle Mariners, King County Council, Corporate Welfare, Sellout, Late Stage Capitalism 109 people like this. Like North Carolina Verizon customers, trapped by Hurricane Florence, say they're being throttled and upsoldSeptember 17, 2018 at 4:16 PM  Tags: Verizon, Post, News, Cable Company Fuckery, Telcoms, North Carolina, Florence, Hurricanes, Late Stage Capitalism, Guillotine Watch, Disaster Capitalism, North Carolina Verizon, Redditor AbeFroman21 112 people like this. Like Chicago is facing its first citywide hotel strike since 1903September 14, 2018 at 12:43 PM  Tags: Post, News, Labor, Chicago, Tourism, Strike, Trade unions, Illinois, Hospitality Industry, Unite HERE, Solidarity Forever, Late Stage Capitalism, Chicagohotelstrike, Shut Em Down 114 people like this. Like 20% of New York retail space is sitting vacantSeptember 13, 2018 at 1:05 PM  Tags: Post, New York, News, New York City, Urban Theory, Broken Windows, Douglas Elliman Real Estate, Late Stage Capitalism, Retail Apocalypse, Eschatology Watch, The Rent Is Too Damned High, Too Few Of Our Old Crew Left On Astor, Urban Blight 130 people like this. Like "Spread Pricing" transparency reveals the millions CVS rakes in by gouging Medicare and prisons on prescription markupsSeptember 13, 2018 at 9:21 AM  Tags: Post, Business, News, Medicare, Pharma, Gouging, Cvs, Profiteering, Late Stage Capitalism, Medicare For All, Unlawful Procurement 77 people like this. Like US voting machine vendors and officials insist that it's OK to build wireless networking into election systemsSeptember 4, 2018 at 6:37 PM  Tags: Security, Post, Elections, News, Supreme Court, US, Infosec, Gore, Bush, Uspoli, Diebold, Late Stage Capitalism, Verified Voting, Eschatology Watch, 2018 Tsunami 140 people like this. Like Elizabeth Warren's anti-corruption bill bans foreign lobbyists, subjects domestic lobbyists to strong oversightAugust 21, 2018 at 1:16 PM  Tags: Video, Corruption, News, Congress, Elizabeth Warren, Democrats, Washington Dc, Newt Gingrich, Late Stage Capitalism, Actually Draining The Swamp, Anti-corruption Act 119 people like this. Like CEO-to-worker wage gap yawns ever wider, hitting 312:1 in 2017, up by 17.6%August 17, 2018 at 9:29 AM  Tags: Post, News, Gop, Piketty, Class War, Trumpism, 1 Percent, Late Stage Capitalism, Guillotine Watch, Wage Stagnation, Temporarily Embarrassed Millionaires, Taxscam 144 people like this. Like Billionaire making a bid for Democratic Florida Governor nomination invested millions in Puerto Rican debtAugust 16, 2018 at 2:05 PM  Tags: Post, Florida, News, Democrats, Puerto Rico, Subprime, Jeff Greene, Late Stage Capitalism, Vulture Capitalism, Guillotine Watch, Exxon Hess Kinder Morgan 105 people like this. Like Elizabeth Warren wants to save capitalism from itselfAugust 16, 2018 at 1:24 PM  Tags: Post, News, Elizabeth Warren, US, Inequality, Late Stage Capitalism, Monopolism, 2018 Tsunami, Accountable Capitalism Act, Stakeholders V Shareholders 51 people like this. Like Majority of young Americans distrust capitalism, embrace socialismAugust 15, 2018 at 1:36 PM  Tags: Post, Business, News, Piketty, America Fuck Yeah, Bernie Sanders, Polls, Late Stage Capitalism, Alexandria Ocasio-Cortez 69 people like this. Like The EPA's own staff are aghast that Trump is bringing back asbestosAugust 10, 2018 at 2:39 PM  Tags: Post, News, Putin, Cancer, Epa, Asbestos, Trumpism, Mesothelioma, Trump, Late Stage Capitalism, Guillotine Watch, Lethal Ideologies 120 people like this. Like Bad infrastructure means pacemakers can be compromised before they leave the factoryAugust 9, 2018 at 1:41 PM  Tags: Security, Post, Happy Mutants, News, Infosec, Dmca, Apollo, 1201, Black Hat, War On General Purpose Computing, Medtronic, Late Stage Capitalism, Pacemakers, Poc Or Gtfo, Code Signing, Windows Xp In 2018 80 people like this. Like Florida's prisons change tech providers, wipe out $11.2m worth of music purchased by prisonersAugust 9, 2018 at 11:05 AM  Tags: Post, Copyfight, Florida, News, Race, Drm, Class War, Carceral State, Ripoffs, SECURUS, JPay, Late Stage Capitalism, Adversarial Interoperability, Carceral Capitalism 118 people like this. Like Young doctors revolt, force AMA to consider backing single-payer healthcare for the first timeAugust 8, 2018 at 5:43 PM  Tags: Health, Post, Business, News, ACA, Ama, Uspoli, Single Payer, Late Stage Capitalism, Medicare For All, Socialized Medicine, 2018 Tsunami 90 people like this. Like |
