The Great Pandemic Wealth Divide: Billionaires Thrive In New York State as Working People Suffer

21 May 2020
I. Introduction When asked about raising taxes on the wealthy to fund New York State’s response to the coronavirus pandemic, Governor Andrew Cuomo has said “I don’t know how you raise taxes on people who are out of work and their businesses are closed because government needs more funding.”[1] It is not the only time that Cuomo has implied that the ultra-rich have been as ravaged by the pandemic as working class New Yorkers.... Read More

Amazon: Endangers Workers, Delivers Contagion, Reaps the Profit

16 Apr 2020
As the US quickly becomes the epicenter of the global coronavirus pandemic, millions of people sheltering in place are increasingly turning to Amazon to secure basic goods. People working throughout Amazon’s operations are taking enormous personal risks by continuing to go to work in the midst of a pandemic. A single Amazon warehouse can employ thousands of people, which significantly concentrates the risk of transmission.[1]... Read More

Partner Paper: Billionaires Have Fueled Andrew Cuomo’s Political Career

4 Dec 2019
Download PDFDownload Billionaires Have Fueled Andrew Cuomo’s Political Career 49 Billionaires worth a combined $280 billion have made more than $4 million in individual donations to New York Governor Andrew Cuomo. New York State Governor Andrew Cuomo is famous for his massive campaign war chest, funded by some of the state’s wealthiest residents and businesses.... Read More
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HEDGE PAPERS NO. 70: LORI LIGHTFOOT’S FAVORED FEW

24 Oct 2019
422,000 reasons the Mayor won’t tax the rich to fund our schools There’s a revenue raiser out there that you likely won’t hear about from Mayor Lori Lightfoot.  A financial transactions tax of $1-$2 on all options traded on the Chicago Mercantile Exchange and the Chicago Board of Options is projected to raise between $10 and $12 billion per year for the state of Illinois.[1] ... Read More

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. 68: PAIN AND PROFIT Rosselló is gone but vultures still prey on Puerto Rico

13 Aug 2019
PDF En Espanol  Pain and Profit – Rosselló is gone but vultures still prey on Puerto Rico Over the past month, Puerto Ricans have risen up in historic numbers to reject the old political and economic order overseen by a corrupt local elite that prioritizes its own interests and Wall Street profits over the Puerto Rican people.... Read More

Partner Paper No. 6 — PIRATE EQUITY: How Wall Street Firms Are Pillaging American Retail

24 Jul 2019
Nearly 600,000 Retail Jobs Lost at the Hands of Wall Street New report reveals that private equity buyouts in retail have led to a total of 1.3 million jobs lost in that sector and beyond NEW YORK, NY — Over the past decade, more than 1.3 million people have lost their jobs due to trouble or bankruptcies at retail companies owned by private equity and hedge funds, according to a new study released today.... Read More
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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. 66: HEDGE FUNDS ATTACK GENERAL MOTORS AND AMERICAN JOBS

18 Mar 2019
General Motors recently announced large-scale plant closures and layoffs, with top executives claiming the company needs $4.5 billion in savings to stay alive.  This week the legendary Lordstown manufacturing plant in Ohio will close. But GM has given over five times as much money — $25 billion — to Wall Street hedge funds and other investors in the past four years, including over $10 billion in controversial stock buybacks. And GM recently authorized even more stock buybacks:  it’s possible that every single dollar “saved” from job cuts and plant closures will go straight into the pockets of hedge fund billionaires and Wall Street.... Read More