Robbing workers’ pension funds has long been central to Wall Street's business model. A recent Supreme Court ruling opened the door for financial managers to take their looting of those pension funds even further.
Eileen Appelbaum and Rosemary Batt
Independent Media Institute
About a third of hospital emergency rooms are staffed by doctors on the payrolls of two physician staffing companies—TeamHealth and Envision Healthcare—owned by Wall Street investment firms.
Corporate debt among non-banks exploded to $75 trillion at the end of 2019, up from $48 trillion at the end of 2009. There is increasing alarm that companies in the energy, hospitality and auto sectors won't be able to make their bond payments.
“We’re not against teaching students career skills” that could eventually help them find employment, Flinn explained. “We’re against corporations writing the curriculum.”
Among the international businesses listed are several companies in the travel industry previously known to operate in settlements, like Airbnb, Booking.com, Expedia, and TripAdvisor.
The proposal, called the “Real Corporate Profits Tax,” would only apply to companies that report more than $100 million in worldwide profits, and every dollar above $100 million would be taxed at 7 percent
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