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Tag Archives: Corporations

Unions United?

Last year, Wisconsin governor Scott Walker became notorious for stripping public workers of their right to collective bargaining. But last week, a federal judge reversed the key provisions of that law. What makes this ironic is that the judge repeatedly cited the Supreme Court’s Citizens United decision, saying that Walker’s law violated the free speech [...]

AT&T shooting themselves in the foot

Matthew Spaccarelli was upset about the fact that AT&T guaranteed him “unlimited” bandwidth on his iPhone, but then slowed down (in their terms, throttled) his service. So he sued in small claims court, and won. Score one for the little guy. What happened next is interesting. AT&T said they would appeal, and sent him a [...]

Slime ‘Em!

© Jen Sorensen Commentary by Jen Sorensen: I spent way too much time last weekend reading about pink slime. I really wanted to get to the bottom of the slimebucket, if you will. This particular controversy has been burbling (and oozing and gurgling) ever since celebrity chef Jamie Oliver did a segment trashing the stuff [...]

Corporate Taxes?

Many conservatives want to lower corporate taxes, claiming that our corporate tax rate is too high. But that’s just the statutory rate, before companies take advantage of various tax breaks. In fact, a new study of 280 corporations in the Fortune 500 shows that the average tax rate they paid was 18.5%, just over half [...]

If you think protests against corporations are ineffective…

Bank of America has announced that it has changed its mind and will not start charging customers $5 a month for using their debit cards. Other banks have dropped similar fees as well. Of course, I’m waiting for the other shoe to drop and for them to announce other fees instead.

Corporate Personhood

© Matt Bors Like someone said recently, I’ll start believing in corporate personhood when we start executing corporations for their crimes.

Quote of the Day

I refuse to believe corporations are people … until Texas executes one! – bumper sticker

The News?

If anyone doubts that corporations control our media — either on purpose or by neglect — Keith Olbermann points out the hypocrisy of the almost complete lack of coverage of the “Occupy Wall Street” protests. These protests have been going on in New York, and yet even the local newspapers (including the New York Times) [...]

Korporations for Kids!

© Ruben Bolling If corporations are people, then why do some people argue that taxing corporations is “double taxation”? Doesn’t that mean that corporations are not people? And why aren’t corporations bound by the same political contribution limits as actual people? Silly me, I guess what the Supreme Court meant is that corporations have all [...]

Our political system just got even worse

A mystery corporation was formed in March. Six weeks later it made a $1 million donation to the campaign of Mitt Romney, through Romney’s Super PAC called “Restore Our Future”. The corporation was then dissolved on July 12. There are no public records giving any hint of who owned the corporation. There is no address, [...]

This is how fucked over we are by big corporations

I get annoyed any time some pundit trots out the statistic that the corporate tax rate in the US is higher than most countries. The actual tax rate is not very meaningful when there are plenty of ways to shelter corporate income from taxes. Indeed, the US has one of the lowest effective tax rates [...]

No-Class Action

When a corporation cheats each of their customers out of a small amount of money, it generally isn’t worth it for an individual to sue them. Consider the California couple who objected to a questionable $30 charge on their cellphone bill. This problem is exactly why class-action lawsuits were invented. By banding together, disgruntled consumers [...]

For the first time ever, someone’s dream was ruined by a giant corporation

Having a problem forming a Political Action Committee (PAC)? There is another approach you can try — It’s called a SuperPAC. Learn all about it from Stephen Colbert:

General Tax Avoidance

© Jeff Danziger General Electric had profits of over $14 billion in 2010 and yet paid no taxes. In fact, they received a tax benefit of $3.2 billion. Now that’s corporate welfare! How does GE do it? By hiring former treasury officials to work in their tax department, and by aggressive lobbying to get tax [...]

Corporate State Secrets

Glenn Greenwald has a disturbing report concerning WikiLeaks, Bank of America, and the merger of corporate and government power in this country. I’m loathe to use the overused word “fascism” but the textbook definition of that particular f-word is the alignment of the government and economy of a country around corporatist interests. Just in case [...]