In a document filed with the Securities and Exchange Commission, the ride-hail company reports that it seeks, as part of its growth strategy, not just to get people out of private cars but to get them off public buses and trains. Those public services would be replaced by Uber Buses, now being tested in Cairo. Uber is telling Wall Street that its future as a company may depend on its ability to convince people to take private cars and buses instead of public transit, starving transit and ultimately forcing everyone to pay Uber to get around. Continue reading
Tag Archives: corporations
It’s Time to Get Billionaires Off of Welfare
We believe that the government has a moral responsibility to provide for the vulnerable — the children, the elderly, the sick and the disabled. But we do not believe that taxpayers should have to expend huge sums of money subsidizing profitable corporations owned by some of the wealthiest people in this country. Continue reading
Oxfam: Ten Multinational Corporations Control Most Food Brands
Right now, nearly 1 in 8 people on earth go to bed hungry. The majority of these people are farm workers supplying the very food system that is failing them. Yet there is enough food for everyone. Continue reading
Three Massive Mergers
Millions for One Bank and a Disaster for Food, Water, and Climate Continue reading
EU Tells Apple It Is The Boss Of Them
American officials have warned that the commission is overstepping its power. Apparently, our own public officials have learned to be very aware of their “post-government career opportunities.” (If you know what I mean.) Continue reading
ExxonMobil Takes The Olympic Gold In Deceitful Advertising
Thanks to an expose last fall by journalists at InsideClimate News and the Los Angeles Times, we learned that as early as the 1970s, Exxon scientists had concluded that the continued use of their product, fossil fuels, would have a devastating impact on the climate. Instead of warning the public — say, by buying an ad during the Olympics — company executives buried the results and pumped millions of dollars into misleading the public about global warming while lobbying against political efforts to deal with the problem. Continue reading
BP Greenwashes the Olympics … Again
“BP has bought itself the prestigious title of London 2012 sustainability partner. But this is dangerous greenwash. BP is one of the least sustainable companies on earth, responsible for the Deepwater Horizon disaster and the extraction of highly-polluting tar sands. Its entire business is geared towards keeping the world addicted to fossil fuels and driving us towards uncontrollable climate change.” Continue reading
Tech Companies Dodge Taxes; Silicon Valley Region Pays The Price
Apple’s headquarters are in California. By putting an office in Reno to collect and invest the company’s profits, Apple sidesteps state income taxes. California’s corporate tax rate is 8.84 percent. Nevada’s? Zero. Continue reading
Why the Economy Should Stop Growing—And Just Grow Up
Listen to the political candidates as they put forward their economic solutions. You will hear a well-established and rarely challenged narrative. “We must grow the economy to produce jobs so people will have the money to grow their consumption, which will grow more jobs…” Grow. Grow. Grow. Continue reading
The Third Way: Share-the-Gains Capitalism
Employee stock ownership plans, which have been around for years, are lately seeing a bit of a comeback. But the vast majority of American companies are still locked in the old hyper-capitalist model that views workers as costs to be cut rather than as partners to share in success. Continue reading