Amid a national housing crisis, giant private equity firms have been buying up apartment buildings en masse to squeeze them for profit, with the help of government-backed Freddie Mac. Meanwhile, tenants say they’re the ones paying the price.
Members of IUE-CWA Local 84811 have launched a major campaign against the plant closing, displaying an attitude not seen nearly enough in the U.S. labor movement, which has witnessed 91,000 plant closings across the country since 1997.
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The former writers of Deadspin have announced the launch of Defector Media, which will be an honest-to-goodness media co-op owned by the writers and editors themselves.
Labor organizations and tenants’ associations have a lot of common ground. After all, tenants are workers, and workers need housing. Decades ago, unions built affordable housing cooperatives for workers.
From the artist standpoint, the influx of private equity into the music business raises the temperature as well. Swift may have hit an industry nerve by pointing to how the Carlyle Group financed Braun's acquisition of Big Machine.
Investment firms have created consolidated hospital empires across America, leading to closures, higher prices, and suffering.
The private equity business model is to strip assets from companies that they acquire. The latest victims: retail grocery chains
Veterans of the Contract Buyers League hit the doors again.
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