Issues / Finance

The Bezillionaire Times

Amazon's take-no-prisoners business model made founder Jeff Bezos staggeringly rich while stranding thousands of warehouse workers on the borderline of poverty.
Hopefully, this is the dawn of a new day, when public financing of coal mines and power plants around the world is no longer acceptable. After 16 years of persistent pressure from IPS and other groups, our government seems to finally be listening.
The World Bank is phasing out of coal and ramping up support for "fracked" natural gas, even though research suggests that climate impacts of fracking may be even worse than coal.

Runaway CEO Pay Gets a Free Pass

The House Financial Services Committee has just moved to repeal the only statutory provision now on the books that puts real heat on overpaid top executives.
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