HEDGE PAPERS NO. 69: BILLIONAIRE CORPORATE LANDLORDS ARE EXACERBATING CALIFORNIA’S HOUSING CRISIS

27 Aug 2019
BILLIONAIRE CORPORATE LANDLORDS ARE EXACERBATING CALIFORNIA’S HOUSING CRISIS Acknowledgements This report was researched and written by Eli Vitulli (Center for Popular Democracy). Additional research and writing support was provided by Sofia Lopez (Action Center on Race & the Economy). It was edited by Amy Schur and Anya Svanoe (Alliance of Californians for Community Empowerment), Michael Kink (Hedge Clippers), and Emily Gordon and Connie Razza (Center for Popular Democracy).... Read More

HEDGE PAPERS NO. 67: VULTURE HEDGE FUNDS ATTACK CALIFORNIA

19 Jun 2019
VULTURE HEDGE FUNDS ATTACK CALIFORNIA – “Quick profits for Wall Street” versus safe, sustainable, affordable energy Dozens of hedge funds are now speculating in shares of PG&E, the huge California utility, with several high-profile vulture funds demanding seats on the board and fighting for control of the company. PG&E was plunged into bankruptcy after decades of irresponsible corporate practices led to massive wildfires and billions in new liabilities.... Read More
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HEDGE PAPERS NO. 64: SEVEN WALL STREET BILLIONAIRES TRY TO BUY NEW YORK ELECTIONS

28 Oct 2018
PDF of hedgepaper #64 Hedge fund billionaires are once again attacking elections in New York, pouring millions into candidates, PACs and Super PACs aimed at keeping Congress and Albany – and particularly the State Senate – in Wall Street’s hands. Just seven billionaires gave over $30 million in New York state and federal campaign contributions this cycle.... Read More

HEDGEPAPER NO. 63 THE HEDGE FUNDS THAT KILLED TOYS “R” US STILL PREY ON PUERTO RICO

8 Oct 2018
Solus Alternative Asset Management & Angelo Gordon PDF of HedgePaper No. 63 (English)Download PDF of HedgePaper No. 63 (Spanish)Download Introduction The hedge funds that forced Toys R Us to shut down and threw tens of thousands of workers out of their jobs have played a similarly destructive role in Puerto Rico, speculating on government-issued debt and using aggressive tactics to pursue massive profits at the direct expense of Puerto Ricans.... Read More

HEDGEPAPER NO. 62: DAN MCKEE AND THE RIGHT-WING BILLIONAIRES WHO BACK HIM

7 Sep 2018
Download HedgePaper No. 62Download Dan McKee has made some very powerful and very wealthy friends.  It’s worked out well for him — but not so great for regular families in Rhode Island. As the former Mayor of Cumberland and current Lieutenant Governor, McKee has pushed policies that have undermined Rhode Island’s public schools and thrown into question his commitment to holding accountable those who profited from the opioid crisis.... Read More

Report No. 58: Pain and Profit After Maria

22 May 2018
Pain and Profit After Maria Companies Taking Puerto Rico by $torm Five months after Hurricane Maria, and amid a continuing austerity crisis, conditions in Puerto Rico remain dire. More than 1,000 people died from the hurricane, although the official estimate is only 64. The government of Puerto Rico estimates that another 200,000 people (about 5 percent of the population) could leave the island by the end of 2018, adding to the massive wave of out-migration over the past decade.[1] A quarter of the population stills lacks electricity.[2] Relief efforts have been marked by corruption.... Read More
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Report No. 57: Stopping the Opioid Profiteers – How Policymakers and Communities Can Fight Back

26 Apr 2018
Stopping the Opioid Profiteers: How Policymakers and Communities Can Fight Back In recent years, billionaire pharmaceutical executives and hedge fund managers have made billions in profit by creating, feeding, and treating a crisis of opioid addiction in the United States. This report examines how the biggest opioid profiteers operate, and offers a roadmap for how policymakers and communities can fight back.... Read More

REPORT NO. 56: CALIFORNIA HEDGE FUNDS AND THEIR BILLION-DOLLAR TAX LOOPHOLE

16 Apr 2018
CALIFORNIA HEDGE FUNDS AND THEIR BILLION-DOLLAR TAX LOOPHOLE Simply stated, the carried interest loophole is the mistreatment of hedge fund and private equity fees as capital gains, rather than ordinary income.... Read More

Report No. 55: DC / MD / VA Billionaires & their Lucrative Loophole

23 Mar 2018
Washington Dc / Maryland / Virginia Billionaires & their Lucrative Loophole This report uses hedge fund and private equity data from Preqin to show that Washington D.C.—along with Maryland and Virginia—could raise huge sums of revenue by acting to close the carried interest loophole.... Read More

REPORT NO. 54 Hurricane Harvard and the Damage Done to Puerto Rico: How the University’s Endowment Investment Harms the Island

23 Jan 2018
Introduction Four months after Hurricane Maria, nearly half of Puerto Rico is still without electricity. The poverty rate is 46 percent, and even more – 58 percent – for children.[1] Over 80% of Puerto Rico’s agricultural crop value – around $780 million – was destroyed by the hurricane.[2] Its healthcare system, already facing austerity cuts, is in a state of crisis.[3] Damage could top $30 billion for an island that hasn’t seen economic growth for a decade.[4] All this comes on top of incessant demands for more cuts to education, pensions, and other social goods.... Read More
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