Earlier this month, a gaping hole opened in the side of a Boeing airplane with hundreds of passengers on board. If Boeing had prioritized safety upgrades over lavish executive salaries and stock buybacks, this disaster might not have happened.
Lucy Dean Stockton is the news editor at the Lever.
Despite allegations of “excessive” defects ahead of the recent Boeing disaster, the company and its parts supplier, Spirit AeroSystems, used their deep pockets to lobby Washington to reduce safety regulations.
Weeks before the door plug blew out of an Alaska Airlines flight over Portland, Oregon, on January 5, grounding more than 150 Boeing aircraft, workers at the part’s reported manufacturer had been warning of safety concerns — but management ignored them.
For years, conservative billionaires have treated Supreme Court justice Clarence Thomas to opulent vacations and trips on their private jets. If these were anything other than disinterested gifts, then they’re taxable — and Thomas owes the IRS a huge bill.
This week, arms industry executives at both Raytheon and General Dynamics spoke candidly about how Israel’s war on Gaza will be good for business.
As Israel mercilessly bombs Gaza, cable news channels are inviting defense officials turned industry consultants onto their shows to explain the war — and usually to justify the unjustifiable.
An escalating sovereign debt crisis is crippling governments across the Global South and making billions for Wall Street. Activists hope to crack down on these debt vultures by pushing the New York State Legislature to ban their most predatory tactics.
According to a bombshell new report, the federal government is losing as much as $140 billion per year by subsidizing Medicare Advantage, the privatized insurance scheme managing health care for seniors.
Big Three executives are claiming that UAW demands, including a just green transition, are too expensive. This is an obvious misdirection: the real sap on company finances is the billions of dollars in stock buybacks and executive compensation.
This morning, the United Auto Workers launched a landmark strike against the Big Three automakers for their refusal to provide adequate pay and job security. Meanwhile, over the last year, the automakers have authorized $5 billion in stock buybacks.
Wildfires in Hawaii have killed over 100 people, and hundreds remain missing. From draining historic wetlands to failing to invest in safe energy infrastructure, the capitalist thirst for profits above all else helped create the disaster.