Tag Archives: Concentrated Wealth

All the Presidents’ Bankers: Nomi Prins on the Secret History of Washington-Wall Street Collusion

All the Presidents’ Bankers: Nomi Prins on the Secret History of Washington-Wall Street Collusion
With U.S. inequality at its highest point since 1928 and Wall Street bonuses hitting pre-2008 levels, we look at the 100-year history of secret collusion between Washington and the financial industry. In her new book, "All the Presidents’ Bankers: The Hidden Alliances that Drive American Power," financial journalist Nomi Prins explores how a small number of bankers have played critical roles in shaping a century’s worth of financial, foreign ... Read more

Comcast Merger Threatens Our Democracy as Much as Our Pocketbooks

Comcast Merger Threatens Our Democracy as Much as Our Pocketbooks
Much business news is pretty opaque to many citizens. Terms like leveraged buyouts, puts, and calla seem to be the stuff of expert financiers or con artists. Nonetheless, the media have recently reported a story that hits home for many. Number one Cable and broadcast conglomerate Comcast proposes to purchase number two Time Warner. The economic case against this transaction is overwhelming. But so too is the political case. And not ... Read more

These 10 Corporations Control Almost Everything You Buy

These 10 Corporations Control Almost Everything You Buy
Ten mega corporations control the output of almost everything you buy; from household products to pet food to jeans. And it’s not just the products you buy and consume, either. In recent decades, the very news and information that you get has bundled together: 90% of the media is now controlled by just six companies. It gets even more macro, too: 37 banks have merged to become just four — JPMorgan Chase, Bank of America, Wells Fargo and ... Read more