"For Lynn and Teachout, the rise of today’s monopolies is not woven into the fabric of capitalism. It is a relatively recent phenomenon, created by specific policies and a particularly lax attitude about antitrust laws." prospect.org/culture/books/…
Nudging, for good: "a study [shows] that, when [Obama's] Labor Dept began issuing press releases detailing penalties assessed on employers who violated safety standards at their workplaces, other companies responded by conforming their practices." prospect.org/day-one-agenda…
Gabrielle Gurley (@gurleygg) looks at Trump's gained support with Black men, and finds that there was always a sliver of this population with a conservative streak. prospect.org/politics/black…
"Black Trump supporters are not products of spontaneous generation. They have a long lineage in America, so to be surprised by Trump’s success requires a certain amount of historical amnesia." prospect.org/politics/black…
And finally, some comics! Rick Ragsdale has made these amazing comic book covers depicting the madness of the election. prospect.org/culture/the-tr…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
It looks like Katherine Tai, a House staffer who is broadly liked and supported by labor, will get the job of US trade representative. That's the good news. But--
Two former Obama-era USTR officials who went right from there to Amazon to become lobbyists are poised to come back in top jobs. And-- prospect.org/api/amp/cabine…
The "it's just an index fund" people obscure BlackRock's habit of placing officials in top government positions around the world, to conjure up business for the company from scratch
But Matt doesn't follow me anymore because he's afraid of debate, so
BlackRock "purchased stakes in Mexican toll roads, hospitals, gas pipelines, prisons, oil exploration businesses, & a coal-fired power plant," not shares but stakes in the infrastructure, increasing the value through contacts in the Mexican govt. This has been replicated globally
"a contractor named Grupo Tradeco continually missed deadlines for building a private prison in Coahuila state, with accusations of 2.5bn pesos in waste. But right before BlackRock bought the project, Peña Nieto increased the construction payments for the prison by 18 percent"
If Obamaworld wants to go to the mat to defend Deese as a climate champion, that's fine, but how about they explain this piece that I didn't put in my initial story:
Deese was the main Obama WH official pushing the JOBS Act, one of the worst pieces of legislation of the era
JOBS was an acronym for "Jumpstart Our Business Startups," but it really just reduced corporate accountability and transparency over a large and increasing level of securities.
Absolutely nothing in the JOBS Act ended up increasing jobs. But it has created a situation where only about 30% of all securities offerings are registered, with the rest having no reporting requirements. This helped create frauds like WeWork.
Here are a couple pieces from our next print edition. @HaroldMeyerson looks at the two parties post-election, each a representative of a distinct world, neither commanding a political majority over the other. prospect.org/politics/the-s…
Take exit polls for what they're worth, but this set of statistics from the AP exit poll is incredible prospect.org/politics/the-s…
The Prospect has learned that Brian Deese, an Obama official and now an executive with the asset management giant BlackRock, is the leading contender to direct the National Economic Council.
Deese promoted fossil fuel development as a climate adviser to Obama, and talked up deficit reduction when part of omb. Both would be seriously problematic now amid the Covid recession and the climate crisis
We have a great feature today about the Supreme Court. Liberals are despairing the Court being in conservative hands for a generation. But there's an important tool available to prevent the judiciary from dominating policy: Congress. (1/) prospect.org/justice/how-to…
Teaming up with @theintercept, @theprospect has found dozens of rulings that were not decided on constitutional grounds, but on interpretations of the statute. In those cases, Congress can just briefly change the statute and nullify the ruling. prospect.org/justice/how-to… (2/)
This was the subject of the very first bill Barack Obama signed, the Lilly Ledbetter Fair Pay Act. And @rmc031 and @Marcia_Brown9 looked at 8 major issue areas and found ways to reverse court rulings through statutory interpretations. prospect.org/justice/how-to…