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So Much for "Draining the Swamp": Wall Street's Power Soars Under Trump

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  • Today we bring you a conversation with Renata Pumarol, the deputy director of New York Communities for Change.
  • Related: Special Project | The Resistance Now: Week Ending April 29, 2017

Sarah Jaffe, Truthout

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Friday, April 21, 2017 | Sarah Jaffe: You guys had an action on Tuesday at Goldman Sachs on official Tax Day. Can you tell us about that and about what the theme of that action was?

Renata Pumarol: On actual Tax Day, April 18, we headed to the headquarters of Goldman Sachs here in New York to call them out for avoiding $10 billion in taxes, or for rather extracting $10 billion from our tax dollars. [They do this] by exploiting loopholes or their roles in company mergers and acquisitions. We really wanted to send a message that it is not only about Trump releasing his taxes, but it is also about the 1% and companies like Goldman Sachs that really continue to exploit tax loopholes and avoid massive amounts of taxes that could be going to pay for basic services.

Sarah Jaffe is a reporting fellow at The Nation Institute and has covered labor, social and economic justice and politics for Truthout, The Atlantic, The Guardian, In These Times and many other publications. She is the cohost of Belabored, a labor podcast hosted by Dissent magazine, and the author of Necessary Trouble: Americans In Revolt (Nation Books, 2016)

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Related:

Special Project | The Resistance Now: Week Ending April 29, 2017, Compiled by David Culver, Ed., Evergreene Digest

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  • Resistance starts with the simple but revolutionary act of refusing to accept what you are told by those with power. Evergreene Digest is extensively covering the people, ideas, and actions driving protest movements globally. Follow along with us.
  • 7 New Items including:
    • So Much for "Draining the Swamp": Wall Street's Power Soars Under Trump
    • Trump's First 100 Days: Workers Get Pummeled, People Fight Back
    • What does it take for activists to get your attention?
    • "We Are Going to Shut It Down on May 1": Caravan Against Fear Mobilizes the Masses
    • 'These issues affect all of us': this is what the resistance movement looks like
    • May Day to have immigrant tilt as workers plan to protest against Trump
    • The Resistance Now: Science Gets Its Own March

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The Deeper Scandal of That Brutal United Video

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The footage is shocking. So is the law.

Derek Thompson, the Atlantic

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Apr 10, 2017 | It is the “re-accommodation” heard ’round the world: A passenger on an overbooked United flight from Chicago to Louisville on Sunday night was ripped out of his seat by uniformed officers and dragged down the aisle on his back like carry-on luggage, as several horrified passengers captured video footage of his bloodied face on their phones.

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The incident created a firestorm online, which only intensified after United published a mealy-mouthed statement on Monday morning that seemed to blame the bruised customer and apologized only for “the overbooking situation.” After several hours, punctuating the sordid event with the least human-sounding statement in crisis-PR history, United CEO Oscar Munoz apologized "for having to re-accommodate” customers, as if the brutalized passenger had merely been asked to switch from an aisle seat.

Derek Thompson is a senior editor at the  Atlantic, where he writes about economics, labor markets, and the media. He is the author of the book Hit Makers.

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Series | A Living Earth Economy, Part 9: The Superrich Have Profited From a Broken System—And Their Money Alone Won’t Fix It

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  • Giving back requires humility. It will be a true test of learning new skills.
  • 9th in a Series
  • Related: Capitalism's war on climate science

David Korten, Yes! Magazine <http://www.yesmagazine.org>

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Mar 22, 2017 | Congratulations, you won—you are the last and richest person on Earth. In the security of your sunless underground bunker, you will be the last to die in a dying Earth’s paroxysm of fire and flood.

In a recent column for YES! Magazine, Chuck Collins, “born on third base” social activist and commentator, has a message for the superrich who are buying “bug out” survivalist escape homes in Kansas missile silos, mountain fortresses in the Rockies, and getaway farms in New Zealand: Your money won’t save you from the social and environmental collapse now unfolding. Join with other members of your class who are investing in “community, regional, and global efforts to address the climate crisis and extreme inequalities.”

http://www.yesmagazine.org/people-power/trump-played-to-anger-but-we-dont-have-to-fall-for-divide-and-conquer-20161214/Korteninset.jpg David Korten wrote this article for YES! Magazine as part of his new series of biweekly columns on “A Living Earth Economy.” David is co-founder and board chair of YES! Magazine, president of the Living Economies Forum, co-chair of the New Economy Working Group, a member of the Club of Rome, and the author of influential books, including When Corporations Rule the World and Change the Story, Change the Future: A Living Economy for a Living Earth. His work builds on lessons from the 21 years he and his wife, Fran, lived and worked in Africa, Asia, and Latin America on a quest to end global poverty

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Previously in this series

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Related:

Capitalism's war on climate science, James Plested, Red Flag / SocialistWorker.org

A system that puts profits above humanity can't address an existential threat to our future. 

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Trump’s One Trillion Dollar Infrastructure Boondoggle. Handing Over Public Assets to Private Corporations

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Donald Trump’s $1 trillion infrastructure plan is not an infrastructure plan and it won’t put $1 trillion of fiscal stimulus into the economy.

Mike Whitney, Global Research / CounterPunch / Greanville Post

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15 March 2017 | Donald Trump’s $1 trillion infrastructure plan is not an infrastructure plan and it won’t put $1 trillion of fiscal stimulus into the economy.

It’s basically a scheme for handing over public assets to private corporations that will extract maximum profits via user fees and tolls. Because the plan is essentially a boondoggle, it will not lift the economy out of the doldrums, increase activity or boost growth.  Quite the contrary. When the details of how the program is going to be implemented are announced,  public confidence in the Trump administration is going to wither and stock prices are going to plunge.   This scenario cannot be avoided because the penny-pinching conservatives in the House and Senate have already said that they won’t support any plan that is not “revenue neutral” which means that any real $1 trillion spending package is a dead letter.  Thus, it’s only a matter of time before the Trump’s plan is exposed as a fraud and the sh** hits the fan.

Here are more of the details from an article at Slate.

Mike Whitney lives in Washington state. He is a contributor to Hopeless: Barack Obama and the Politics of Illusion (AK Press). 

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How the Neighborhood That Inspired “The Wire” Is Pulling Its Residents Out of Poverty

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Lionel Terrell, who has struggled to find work due to a criminal record, is employed as part of the Clean & Green Landscaping program operated by Bon Secours Hospital. Photo by Jay Mallin.

  • When large institutions like universities and hospitals agree to hire and spend locally, they can transform neighborhoods hardest hit by poverty and unemployment.
  • Big New Allies in the War on Poverty
  • Related: International Woman's Day: When women succeed, we all win 
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Cecilia Garza & Araz Hachadourian, Yes! Magazine

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Mar 15, 2017 | It’s not often that a street intersection becomes as notorious as the corner of Fayette and Monroe in West Baltimore. During the ’80s and ’90s, the corner was ground zero for the city’s open-air drug market. Both a manifestation and symptom of Baltimore’s rising poverty, the corner became an inspiration for the television series The Wire.

A few blocks away from Fayette and Monroe is Bon Secours Hospital, built in 1919 by a group of Parisian nuns on a social mission. George Kleb was just a few years into his role as executive director of the affiliated Bon Secours Foundation when a problem was brought to his attention: The foundation had just invested $30 million in a hospital that both patients and doctors were scared to enter.

Cecilia Garza & Araz Hachadourian: Cecilia is a writer and communications professional at Social Venture Partners. She has received six awards for her work in local newswriting. Araz is a regular contributor to YES! 

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Dave & the Crew

 





 

International Woman's Day: When women succeed, we all win, Facebook / #SheMeansBusiness 

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  • When women do better, economies do better. That’s why Facebook is celebrating women who have built and run businesses, and delivering resources to help those who might one day do so themselves.
  • Because the next successful entrepreneur could be anyone. She could even be you.

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