The UK is going through an energy crisis, with rising prices forcing people to use candles for lighting and unable to turn on their electric cookers when preparing meals. There are calls for a windfall tax on soaring energy company profits, which the Tory government has refused to implement. Predictably, the CEO of National Grid warned that such a tax would “harm reinvestment”.
The NRA is holding its annual convention just days after the Uvalde school shooting. The group exists to protect gun industry profits and the state’s monopoly on violence, and keep guns in the hands of right-wingers.
Rising CEO pay stands in stark contrast to the grim economic realities that ordinary workers are facing nationwide as inflation—driven in large part by corporate profits—erodes modest wage gains and expiring pandemic aid leaves vulnerable families without a safety net.”While most of America struggles to put gas in the tank and pay the grocery bills, price-gouging, excessive-profit-taking CEOs used their captive boards to award themselves record pay,” Jennifer Taub, a professor at Western New England University School of Law and an expert on corporate governance, tweeted in response to the Journal’s findings
On April 6, 1917, the day the Senate ratified the declaration of war with Germany, Pres. Woodrow Wilson exercised a provision of the Radio Act of 1912 that enabled nationalization during a war; the Navy physically acquired radio companies, consolidated them and broke patents to stimulate innovation; it also took over around 50 commercial radio stations and closed down the rest of them (along with all amateur radio operators).
Insurance companies not only offer coverage to fossil fuel projects, but also use millions of people’s premiums to invest in the fossil fuel industry’s expansion. We can’t stop climate change without reeling the insurers in.