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

FUND THE PEOPLE’S RECOVERY: MAKE BILLIONAIRES AND THE SUPER-RICH PAY

15 Jul 2020
Connecticut is in crisis Working people — especially those who are Black or brown — are losing their jobs, losing their health and losing their lives from COVID-19. They are terrorized by persistent, systemic racism in law enforcement. They do the risky-but-lifesaving work in the public sector and the private sector that’s essential to keep our state safe and functioning.... Read More

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