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joeybaker : kleptocracy   317

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Schumer, Sanders to introduce bill restricting stock buybacks unless workers paid $15 per hour
Sens. Charles Schumer (D-N.Y.) and Bernie Sanders (I-Vt.) are planning to introduce a bill that would prevent corporations from buying back its own stock and push for employees to be paid at least $15 an hour.
corporateIndemnity  corporateCorruption  kleptocracy  governmentIncompetence  win  casteingTheLowerClass 
10 days ago by joeybaker
'Greed Has No Limit for GOP': McConnell Estate Tax Repeal Would Hand Tens of Billions to Walton and Koch Families.
“This legislation is insulting to those millions of Americans who are struggling, it is harmful to the fabric of our democracy, and it is blatantly bad policy that is intended only to please ultra-wealthy Republican donors.”
kleptocracy 
16 days ago by joeybaker
Rand Paul, Enemy Of Socialized Medicine, Will Go To Canada For Surgery
Sen. Rand Paul (R-KY) will travel to Canada in late January to get hernia surgery, related to the attack he...
kleptocracy  plutocracy 
4 weeks ago by joeybaker
It’s Official: The Trump Tax Cuts Didn’t Pay for Themselves in Year One
Federal tax revenues declined in 2018 while economic growth accelerated, undercutting the Trump administration’s insistence that the $1.5 trillion tax package would pay for itself.
governmentMalfeasance  trumpPropaganda  trumpMalfeasance  kleptocracy 
4 weeks ago by joeybaker
An Alabama sheriff personally kept $1.5 million that was supposed to feed ICE detainees
Sheriff Todd Entrekin of Etowah County, Alabama, lost his re-election bid this year after he was found to have personally pocketed $750,000 allotted for feeding inmates in county lockup and using it to buy himself a beach house. Ethical questions aside, Entrekin’s taking was legal under Alabama law — but a further $1.5 million he took home from funds for feeding federal immigration detainees may not be.
The Etowah County Detention Center has a contract with the federal government to house several hundred undocumented immigrants awaiting adjudication. With that contract comes federal funding from Immigration and Customs Enforcement (ICE) to feed the detainees, money AL.com reports Entrekin has treated exactly like state and municipal funds: Any surplus is split 50/50 between the county’s general fund and the sheriff himself, so a $3 million surplus gave Entrekin a $1.5 million bonus.
As Entrekin protested when the beach house story broke, that accounting is legal in Alabama. AL.com’s report notes “multiple Ala
kleptocracy  corruption  casteingTheLowerClass  immigration 
6 weeks ago by joeybaker
A new Democratic bill would block lawmakers from buying and selling individual stocks while in office
Two recent trading scandals, one involving a Republican congressman from New York and another involving former Rep. and one-time Trump administration Health and Human Services Secretary Tom Price, helped inspire the bill’s creation.
kleptocracy  corruption 
10 weeks ago by joeybaker
Mitch McConnell Calls for Social Security, Medicare, Medicaid Cuts After Passing Tax Cuts, Massive Defense Spending
After instituting a $1.5 trillion tax cut, the Senate majority leader said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs.
governmentIncompetence  governmentMalfeasance  casteingTheMiddleClass  casteingTheLowerClass  kleptocracy 
october 2018 by joeybaker
Russia's top female anti-corruption officer is shot dead in the street as a senior Putin aide heads the murder investigation into her death
Anti corruption officer Colonel Yevhenia Shishkina was shot dead leaving her apartment in Arkhangelskoye on the outskirts of Moscow.
corruption  authoritarianism  kleptocracy 
october 2018 by joeybaker
Kushner Likely Paid No Federal Income Taxes for Years, Documents Show
Confidential documents reviewed by The Times indicate that Jared Kushner, President Trump’s son-in-law and adviser, probably paid little or no income tax from 2009 to 2016.
kleptocracy  trumpCorruption 
october 2018 by joeybaker
Study shows that insulin prices could be much lower and drug makers would still make healthy profits
Introduction High prices for insulin pose a barrier to treatment for people living with diabetes, with an estimated 50% of 100 million patients needing insulin lacking reliable access. As insulin analogues replace regular human insulin (RHI) globally, their relative prices will become increasingly important. Three originator companies control 96% of the global insulin market, and few biosimilar insulins are available. We estimated the price reductions that could be achieved if numerous biosimilar manufacturers entered the insulin market. Methods Data on the price of active pharmaceutical ingredient (API) exported from India were retrieved from an online customs database. Manufacturers of insulins were contacted for price quotes. Where market API prices could not be identified, prices were estimated based on comparison of similarity, in terms of manufacturing process, with APIs for which prices were available. Potential biosimilar prices were estimated by adding costs of excipients, formulation, transport, dev
corporateCorruption  healthcareMalfeasance  casteingTheLowerClass  kleptocracy 
september 2018 by joeybaker
'Absolutely Repulsive': After $1.5 Trillion Tax Giveaway to the Rich, Trump Cancels Modest Pay Raise for Federal Workers
“President Trump pushed through a tax scam that gave unprecedented handouts to billionaires and corporations—but believes it’s too expensive to pay hardworking federal workers a reasonable wage.”
trumpAuthoritarianism  trumpIncompetence  kleptocracy 
september 2018 by joeybaker
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