NYT: 7 Key Findings on Trump’s Reinvented Swamp
Campaigning four years ago as a Washington outsider, Donald J. Trump electrified rallies with his vows to “drain the swamp.” But once he was in the White House, President Trump…
The billionaire who wanted to die broke.
Charles “Chuck” Feeney, 89, who cofounded airport retailer Duty Free Shoppers with Robert Miller in 1960, amassed billions while living a life of monklike frugality. As a philanthropist, he pioneered…
White House moves to curb policing of corporate misbehavior
Trump, who ran on cleaning up corporate abuses and draining the swamp, is now curbing corporate oversight at the behest of big business donors Politico: The White House is taking…
Consumer watchdog says Amazon is price gouging
Shopping on Amazon for paper towels, rice or other products that consumers hoovered up during the early months of the coronavirus pandemic? You might be able to find them cheaper elsewhere, according…
Decoupling from China: Japan to pay its firms to invest at home and in South East Asia
Japan to pay firms to produce goods locally or in Southeast Asia, in shift from China Dozens of companies will get US$536 million in subsidies to invest in production…
Oil Firms Stole 1 Billion Skirting Carbon Rules
Houston Chronicle: Congress enlisted oil companies to help develop an underground carbon storage system to aid in the fight against climate change. Oil producers for decades had pumped carbon dioxide…
The SEC paid out its largest-ever whistleblower award — nearly $50 million.
New York (CNN Business)The US Securities and Exchange Commission has paid out its largest-ever whistleblower award — nearly $50 million. The whistleblower tipped off the agency to a currency manipulation scheme at…
Trump: U.S. will buy $3 billion in agricultural products from American farmers starting early next week
***It's not 'shoshilism' when Republicans do it. https://twitter.com/realDonaldTrump/status/1259198107029508096 On Friday, the USDA approved $1.2 billion in contracts for Farmers to Families Food Box, which seeks to move surplus food out of the…
Amazon VP Quits, Turns in Scorched Earth Letter Slamming the Company for Firing Whistleblowers
Amazon VP Quits, Destroys Company for ‘Chickensh*t’ Firing of Whistleblowers in Scorched Earth Letter https://www.mediaite.com/news/amazon-vp-quits-destroys-company-for-chickensht-firing-of-whistleblowers-in-scorched-earth-letter/ Source: An Amazon engineer and vice president “quit in dismay” on Friday, and followed up…
The coronavirus pandemic could accelerate coal’s decline in Wyoming
WY has produced more coal than any other state in the country since 1986,... But it’s no secret that the coal industry was already sinking, showing symptoms of structural decline.…
Oil Completely Collapses, Now Trading in Negatives for First Time Ever
NEW YORK (AP) — Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with…
Big 3 Automakers Closing All Plants
Ford, General Motors, and Fiat Chrysler Automotive have given in to UAW demands to close all plants as a precaution against the Coronavirus. Ford Motor Company says after Thursdays shifts,…
Dow Plunges 3,000 as Fed Intervention Does Nothing To Curb the Freefall
Wall Street does not like the Coronavirus. Despite all government intervention and reassurances, Wall Street looks to a recession as most all of the gains since Trump was elected have…
Another Bank Caught Opening Fraudulent Accounts to Achieve Unrealistic Sales Goals
In a banking scheme very similar to the Wells Fargo scandal, Fifth Third, a large regional bank in Ohio is accused by the CFPB of opening fraudulent accounts to drive…
Utah trial of Polygamist and Businessman has Wide Implications
Lev Dermen, left, and Jacob Kingston with the silver Lamborghini and gold Bugatti Veyron they gave each other, allegedly in connection with a money laundering scheme.(Rone Tempest / Los Angeles…
Former Wells Fargo CEO John Stumpf barred from banking industry; must pay $17.5 million for fake account sales scandal
Yet he's not charged with any criminal violations... Source: The U.S. government announced Thursday that former Wells Fargo CEO John Stumpf has been banned from ever working at a bank again and will pay…
Scam Alert: Beware of Text Messages Claiming to be a ‘Fed Ex Tracking Notice’
CNN: Some people are receiving text messages, disguised as a FedEx notification, that show a supposed tracking code and link to "set delivery preferences." FedEx Takes Unprecedented Step To…
New group of conservatives will air ads against bipartisan proposal to end ‘surprise’ medical bills
A new coalition of conservative groups launched Wednesday to sink a bipartisan proposal in Congress to end the "surprise" medical bills some patients get. The "Coalition Against Rate-Setting" will air ads against…
Schlumberger, the Largest Oil Field Services Provider in the World, Lays Off 1,400 US Jobs and Posts $10.1b Domestic Loss
Schlumberger lays off 1,400 amid surgical cuts to restore profitability in U.S. shale Source: Schlumberger, the largest oil field services company, said Friday it lost $10.1 billion in 2019, laid…
Trump’s Labor Department Quashes Another Obama-Era Rule Protecting Low Wage Workers
Labor Department replaces Obama-era ‘joint employer’ standard Source: WASHINGTON — The Labor Department issued a final rule Sunday that clarifies when a worker is employed by more than one company,…
Gulf Coast Energy Workers Wake Up to Massive Layoffs
Occidental starting widespread layoffs in Houston and beyond Occidental Petroleum is initiating a broad layoff effort this week that will stretch from Houston to Denver as the Permian Basin's leading…
Hallmark will cut about 400 jobs worldwide, 325 in Missouri
KANSAS CITY, Mo. -- Hallmark Cards Inc. will cut about 400 jobs worldwide, including 325 at its headquarters of Kansas City, Missouri, the company said Monday. Hallmark will offer buyouts…
Amazon threatens to fire employees who speak out against company’s role in the climate crisis
“It was scary to be called into a meeting like that, and then to be given a follow-up email saying that if I continued to speak up, I could be…
Colin Kaepernick’s new Nikes sell out on first day
https://twitter.com/bizworldhub/status/1209001887548219392 Nike’s new “True to 7” shoe with former NFL quarterback Colin Kaepernick has already sold out on the first day of its North American release, according to the company’s website. “This Air…
AOC: ‘Won’t you look at that: Amazon is coming to NYC anyway’
Remember when Wing Nut World accused Alexandria Ocasio-Cortez for "Amazon's decision to pull out of a deal to establish a headquarters in Long Island City?" Friday The Hill reported: Amazon said it…