HedgePaper 77: Crooked Kathy’s Dirty Donors: The Billionaires Buying New York’s Budget

22 Mar 2023

Introduction New Yorkers hoped that ousting disgraced former Governor Andrew Cuomo might lead to positive change. After a decade of cut-throat political compromises, corruption scandals, controversial campaign contributions from Republican billionaires, and government mismanagement to benefit a favored few, people sought a fresh and trustworthy hand. That’s what Kathy Hochul promised voters on the campaign trail.... Read More

Vulture Fund Power Players: The lawyers, lobbyists, and trade groups fueling Wall Street predation

21 Feb 2023

[ENGLISH] Vulture Fund Power Players Hedge Clippers Report Feb 2023 FINALDownload [SPANISH] LOS CABECILLAS DE LOS FONDOS BUITRES Hedge Clippers Report Feb 2023 FINALDownload February 2023 Contributors The Center for Popular Democracy is a nonprofit organization that promotes equity, opportunity, and a dynamic democracy in partnership with innovative base-building organizations, organizing networks and alliances, and progressive unions across the country.... Read More

Hedgepaper 76: Pharma’s Failed Promise: How Big Pharma Hurts Workers, Dodges Taxes, and Extracts Billions in Puerto Rico

17 Aug 2022

Pharma’s Failed Promise: How Big Pharma Hurts Workers, Dodges Taxes, and Extracts Billions in Puerto Rico Download a version of the Spanish PDF of the report August 2022 The Hedge Clippers are working to expose the mechanisms hedge funds and billionaires use to influence government and politics in order to expand their wealth, influence, and power.... Read More

The Dirtiest Dozen: New York’s Worst Economic Development Deals

23 Mar 2022

The Dirtiest Dozen: New York’s Worst Economic Development Deals The Dirtiest Dozen: New York’s Worst Economic Development Deals New York State is one of the most prolific users of so-called “economic development” incentives in the country, spending some $10 billion annually at the state and local level on subsidies to select businesses.... Read More

Pain and Profit in Sovereign Debt: How New York Can Stop Vulture Funds from Preying on Countries

15 Dec 2021

Pain and Profit in Sovereign Debt: How New York Can Stop Vulture Funds from Preying on Countries December 2021 Org Blurbs The Center for Popular Democracy is a nonprofit organization that promotes equity, opportunity, and a dynamic democracy in partnership with innovative base-building organizations, organizing networks and alliances, and progressive unions across the country.... Read More

Hedgepaper No. 74: Dirty Deal: How The Port Authority’s Backroom Deal with Amazon Would Harm Black and Brown Communities in Newark

20 Oct 2021

Dirty Deal: How The Port Authority’s Backroom Deal with Amazon Would Harm Black and Brown Communities in Newark October 2021 Amazon’s plans to rapidly expand its global air operations got a jumpstart in August, when the Port Authority Board voted unanimously to allow Amazon to lease a massive 23-acre site at Newark Liberty Airport.[1]... Read More

Recovery for All or Recovery for a Few? Billionaire Wealth Soars in Connecticut

20 May 2021

May 2021 Contributors Recovery for All CT is a statewide coalition of labor, community, and faith organizations representing more than half a million residents—Black, Brown, and white. We are united in a long-term mission to eliminate the extreme inequalities in this state and build a more just, democratic, and egalitarian Connecticut.... Read More

Hedge Paper No. 73 – The New Oversight Lords

17 Mar 2021

Download Spanish PDF Download English PDF The New Oversight Lords Four and a half years after the enactment of PROMESA, the struggle continues in Puerto Rico against the oversight board and the vulture funds. The PROMESA era has been a difficult time that has seen several cataclysms: the destruction brought by hurricanes Irma and María, the earthquake and its aftershocks, and the global COVID-19 pandemic.... Read More

Fear the Vulture: Alden Destroys News Organizations While Promising to Save Them

10 Sep 2020

Introduction MediaNews Group board member Heath Freeman, who once walked through a newsroom and asked “What do all these people do?” recently told a Washington Post reporter, “I would love our team to be remembered as the team that saved the newspaper business.”[1] That statement no doubt prompted dark laughter among the hundreds upon hundreds of newspaper employees who have been “saved” out of a job under his management of the company.... Read More

Pain and Profit: COVID-19 Profiteers in Puerto Rico

30 Jul 2020

Spanish PDF By Abner Dennis For many years, the pharmaceutical industry has extracted enormous amounts of wealth from Puerto Rico. The companies have secured lucrative tax breaks from local government officials interested in attracting their operations to the island, and as a result pharmaceutical products account for a large share of Puerto Rico’s exports.... Read More