Category Archive: Corporatocracy

Four Chain Stores Will Close On Thanksgiving Day To Let Workers Spend Time With Family

These 3 stores deserve our support. Thanksgiving is a day of family and rest. Many corporations don’t care about that. We have to send a message that people come before profits:

Four major chain stores — Dillard’s, Burlington, REI, American Girl — confirmed to ThinkProgress on Thursday that they will stay closed on Thanksgiving Day as other stores begin to announce they’ll begin Black Friday a day early.

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It’s time for the Justice Department to start jailing corrupt bankers and other corporate offenders

There is no such thing as too big to jail,” Attorney General Eric Holder announced in a sternly worded video message last May, underscoring that no financial institution “should be considered immune from prosecution.” That was one of many remarkable announcements from the Department of Justice this past year including record fines for the likes of BNP Paribas, Credit Suisse, and JPMorgan and massive civil settlements against Bank of America and Citigroup. Still, Holder’s term as Attorney General did not lead to a single criminal prosecution of a Wall Street executive following the financial crisis that crippled the United States.

via It’s time for the Justice Department to start jailing corrupt bankers and other corporate offenders.

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Rich People Want You to Work for Free

Remember when people volunteered to help the poor? Nowadays the poor volunteer to help the wealthy.

In recent weeks, the Ritz-Carlton hotel company, the NFL, and the Smithsonian Institution have all made news by asking people to do work for free. Such practices are hardly surprising in themselves—working for nothing seems to be a key building block of the new economy. But the fact that these requests come from such huge organizations with deep pockets raises troubling questions.

via Rich People Want You to Work for Free – The Daily Beast.

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Company Accused Of Committing Fraud Will Pay Just $1 Million To Settle — Without Admitting Anything

This is pure farce. There are 2 standards of justice in America. There is one for the corporations and then there is the rest of us:

A high-speed trading company the Securities and Exchange Commission (SEC) believes committed fraud will pay $1 million to put the matter to rest — without admitting or denying the charges.

…The settlement documents do not say how much Athena netted from the alleged violations or provide any information about how the parties arrived at the one million dollar figure. The agency declined to comment on the sum, on its policies about settlements in cases like this one, and on the decision to allow Athena to pay without conceding that it had broken the rules or even agreeing that the SEC’s version of events is accurate.

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WikiLeaks’ free trade documents reveal ‘drastic’ Australian concessions

Free trade agreements are being forced on the World’s population by Western governments on behalf of multi-national corportions. The objective: to enslave the labor. If we don’t begin to fight back we will become little more than serfs. And with will come dictatorships everywhere. It’s already happening.

Secret negotiations over the Trans Pacific Partnership (TPP) free trade agreement have apparently been breached by another leak of material which shows Australian consumers could pay more for cancer medicines and face criminal penalties for non-commercial copyright breaches.

The publication on WikiLeaks of the intellectual property (IP) chapter comes on the eve of the latest round of negotiations in Australia between the 12 member countries, Australia, the US, Japan, Singapore, Malaysia, Canada, Mexico, Vietnam, Peru, Chile, Brunei and New Zealand.

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Another American Company Sold Off to Foreign Interests

Yet another great American company has been sold to foreign interest. Milestone Company, a Columbus, Ohio based helicopter company sold to ex-American company General Electric. Over 16,000 of our best wealth producing companies have been auctioned off, and the U.S. has no authoritative government agency prohibiting the Great American Sell-Off. We are allowing our companies to be snatched up by foreign competitors on the open stock market.

Source

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