Bullpen Roundup for Thursday, December 29, 2016
Daniel Wright runs down some of this week’s overlooked stories on labor, corporate crime, the military industrial complex, and money in politics.
Economic Recovery Is Mostly A Myth For The 99 Percent
The famous United States stock index known as the Dow Jones Industrial Average (or simply the Dow) flirted with approaching a historic high of 20,000. The index, which shows how the largest 30 companies publicly traded in the U.S. are performing, is considered a key indicator of how well U.S.
European Banks Settling Mortgage Securities Fraud Cases
Both German Deutsche Bank and Swiss Credit Suisse are settling charges with the U.S. government over their involvement in fraud in the mortgage market.
White House Claims Over 80% Of Low-Skilled Jobs Will Be Automated
Chairman of the White House Council of Economic Advisers claims jobs with a median wage paying less than $20 an hour have an 83% chance of being automated.
Six Generic Drug Makers Caught In Price-Fixing Conspiracy
Attorneys general in 20 states sued six generic drug makers for conspiring to increase prices on generic medications to boost profits.
David Brock Calls Press ‘Animals’ And Pledges To Destroy Trump
In a recent interview, David Brock defiantly told Politico writer (and Podesta emails star) Glenn Thrush that any attempt to attribute Hillary Clinton’s loss to the candidate herself was a “Kellyanne Conway line,” in reference to President-elect Donald Trump’s campaign manager Kellyanne Conway. Brock went on to seemingly blame anything
Wells Fargo Fake Accounts Scandal Spreads To Life Insurance Business
Prudential Financial announced it would suspend the distribution of a low-cost life insurance policy through Wells Fargo.
Pentagon Says $125 Billion Waste Report Not Suppressed
Citing a report from January 2015 and 28,000 downloads from its website, the Department of Defense argued it had not suppressed a report on wasteful spending.
Wall Street Doesn’t Believe Donald Trump Will Push His Platform
Wall Street doesn’t believe Trump is going to actually deliver on his promises, that the platform was bullshit, and that no bank breakup is coming
Steve Bannon Says Joining Goldman Sachs Is Like ‘Joining The Jesuits’
Trump is backing two former Goldman Sachs executives for high positions within his administration.