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The regulatory authority of the executive branch is under attack, and BigLaw firms stacked with revolvers are on the front lines leading the assault. I’ve previously written about former FTC Commissioner Christine Varney challenging the legitimacy of her former employer on behalf of pharma company Illumina. Lawyers at Latham & Watkins, a firm stacked with revolvers from executive branch agencies, are before the Supreme Court challenging the Chevron Doctrine, which defers to executive agencies’ interpretations when legislative statutes are unclear. The Securities and Exchange Commission’s ability to hold administrative proceedings hangs in the balance as we await the Supreme Court’s decision in SEC v. Jarkesy, where the Fifth Circuit’s ruling decimated the agency’s authority. In a new attack, revolvers on the labor/management relations team at Morgan Lewis & Bockius have their sights set on the plutocrats’ latest target: the National Labor Relations Board.

Inflation is falling, but Jerome Powell has nothing to do with it. Our democracy and climate face mounting instability—and he has everything to do with that.

The FTC has won its lawsuit against Martin Shkreli, the pharmaceutical executive infamous for jacking up the price of the antiparasitic drug Daraprim from $13.50 to $750 overnight in 2015 and later using his ill-gotten fortune to buy an exclusive Wu-Tang Clan album for $2 million. Shkreli is the quintessential corporate ghoul, having already racked up convictions for securities fraud—which resulted in an indefinite ban from the securities industries—and failure to pay $1.26 million in New York state taxes. Now, his price gouging has finally caught up with him, as the FTC successfully argued that he spearheaded an anti-competitive scheme to monopolize the drug. The presiding judge found Shkreli’s conduct to be “egregious, deliberate, repetitive, long-running, and ultimately dangerous,” issuing a $64.6 million fine and imposing a lifetime ban from the pharmaceutical industry. 

Accounting’s technical jargon makes the industry obscure to most Americans. It’s likely your next-door neighbor has no idea of the PCAOB’s activities, its responsibility to protect investors, or its history of negligence. That’s expected, but chair Williams is now working to turn the ship around to fix the shortcomings of one of America’s most consequential oligopolies, and it will improve the economic lives of an unaware public.

The Senate Foreign Relations Committee Waved Maloney Through Without So Much As A Whisper About His Connections To Coinbase, The Cryptocurrency Firm That Has Employed Him Since His Nomination Was Announced.

RDP Research Assistant KJ Boyle joined the Majority Report with Sam Seder to discuss his piece in The New Republic titled Donald Trump Is No Friend to the Working Class.

The Republican Attorneys General Association (RAGA) is a national organization dedicated to electing and reelecting state-level Republican Attorneys General. It is a partisan political  organization, but it also functions as a dark money influence machine selling access to AGs, their staff, and their offices. 

In a recent delegation of power over climate regulation, Biden’s executive branch is denying its power to make an impact on issues affecting constituents’ everyday lives.

As Bloomberg reported on Tuesday morning, the Revolving Door Project and 146 other organizations sent a letter today urging the U.S. Environmental Protection Agency (EPA) to intervene in response to the recent approval of a widely opposed pipeline expansion project in the Pacific Northwest.

The zero-interest-rate epoch of Silicon Valley is over, and with it, startup grifters are working overtime to ensure their promises of technological revolution are worthy of investment. Can the media learn something from the crypto bubble and start interrogating those espousing revolutionary technological progress?

Learning about the federal government’s budget process can be daunting. Here are a few key terms to help better understand of the federal budget process as of late.