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Lucy Dean Stockton is a New York–based reporter with the Lever. Her work focuses on privatization.
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.