Search Results for
March 01, 2024
In Leaping to Defend Wendy’s, This WaPo Column Tells A Whopper
Catherine Rampell’s crazy defense of Wendy’s surge pricing.
February 22, 2024
Trump Judge And Louisiana AG Fight To Maintain Environmental Racism
In 2022, Biden’s EPA opened an investigation into Louisiana’s Departments of Health (LDH) and Environmental Quality (LDQ) for failing to sufficiently protect residents of “Cancer Alley”—a strip of predominantly poor, Black communities suffering the dire effects of pollutants spewed from nearby petrochemical plants. To their credit, LDH and LDQ cooperated with the investigation and worked to craft more stringent standards and oversight protocols. Former Louisiana Attorney General Jeff Landry, however, had other ideas. His office filed a lawsuit challenging the EPA’s (clear) authority to pursue its investigation under Title VI of the Civil Rights Act, which allows the government to terminate federal funding for an agency found to have engaged in discrimination. Liz Murrill, Landry’s successor, is picking up the torch to carry on his malevolent agenda.
February 22, 2024
OpenAI Has A New Tool For Generating Video. When Will They Generate Some Corporate Governance?
Since the tumultuous departure and immediate return of Sam Altman, the company has been headed by an anemic board of three, of which one is ready to depart. When will the company open up to basic corporate oversight?
February 21, 2024
Larry Summers Resigned Just Days Before Block Inc.’s Alleged Inadequate Practices Made Public
Once again Summers has resigned just before a company became embroiled in scandal.
February 20, 2024
RAGA Leadership, A Fraught History: Jeff Landry
Jeff Landry’s time spent helming Louisiana’s Attorney General office was defined by a litany of ethical failings. Over the course of 15 years spent running for public office, Landry funneled hundreds of thousands of dollars of campaign dollars back into the coffers of his own staffing company – whose staff lists are not public – in an apparent circumvention of standard public transparency practices. During his time at the AG, Landry was also accused of giving preferential treatment to a pedophile with political connections, which ultimately led a former prosecutor to sue the Attorney General.
February 20, 2024
RAGA Leadership, A Fraught History: Steve Marshall
Alabama’s Attorney General, Steve Marshall, has spent his time in office funneling tens of millions of dollars to outside counsel in order to defend the state’s litany of laws prohibiting gender affirming care and Alabama’s notoriously violent prisons. Alabama, under Marshall’s stewardship, earmarked no less than $14.9 million to a single attorney to represent the state against DOJ prison suits over the next two years, even though that same attorney has already received $17.8 million from state coffers over the past five. That single attorney, Bill Lunsford, also donated $1000 to Marshall’s campaign in 2018.
February 19, 2024
RAGA Leadership, A Fraught History: Chris Carr
Chris Carr, while unique amongst Republicans for his notable lack of participation in Donald Trump’s attempts to overturn the 2020 Presidential election, is also not immune to responsibility for and complicity in it. Carr did resign from his Chairmanship of RAGA over the group’s role in fomenting the insurrection, but he took three months following the events of January 6 to do so. Additionally, critics argued that RAGA “became even more anti-democratic” under Carr’s leadership and that his resignation represented little more than a convenient political stunt.
February 16, 2024
RAGA Leadership, A Fraught History: Ken Paxton
Texas Attorney General Ken Paxton has been scandal-plagued for years. Paxton’s most recent slate of scandals include his impeachment in May of 2023 – which resulted in his removal from office for more than three months – due to alleged bribe-taking and Paxton’s questionable relationship to Texas GOP mega-donor Nate Paul. Paxton was ultimately acquitted by the Texas State Senate, after his billionaire backers threatened to primary anyone who voted against him, leading to none of his impeachment articles receiving the 21 votes required to convict. Relatedly, Paxton was also previously accused of retaliatory firings relating to FBI whistleblowers, and the resulting $3.3 million settlement from that inquiry (a number that Paxton wanted Texas taxpayers to foot for him) is what triggered the impeachment inquiry in the first place. That money has not yet been approved by the Texas legislature, and its withholding re-sparked whistleblowers’ lawsuit against Paxton to continue in November 2023.
February 08, 2024
The Fed's FOIA Office Is Obscuring Its Trading Scandals
In October of 2021, the Federal Reserve was embroiled in scandal. The heads of the Boston and Dallas Feds resigned following personal trading scandals that raised concerns about conflicts of interest and lax ethics guidelines. Further reports of potentially inappropriate trading by Chair Jerome Powell and Vice Chair Clarida rocketed across the business media due to these officials’ immense access to sensitive financial information and influence on monetary policy. Despite their decidedly questionable profiteering off pandemic panic, Powell and Clarida have since had their reputations effectively laundered by the media in a whitewashing effort that has attempted to clear them of all wrongdoing. To make matters worse, the Fed’s FOIA office is doing everything in its power to prevent internal documents relating to the scandals from reaching the light of day.
February 05, 2024
Will Jay Powell’s Cheerleaders Ever Admit They Were Wrong?
Soon after Biden renominated Powell, the ostensibly dovish Fed chair embarked on the most intense and sustained series of rate hikes in decades. We were told that this wouldn’t happen!
January 26, 2024
The FTC Ain’t Nothin to Mess With
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.
January 19, 2024
The Republican Attorneys General Association Sells Access To Major State Officers Nationwide
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.
January 10, 2024
Blog Post Climate and EnvironmentCongressional OversightCorporate CrackdownGovernment CapacityHousingIRS
Glossary of Useful Federal Budget Terms
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.
January 09, 2024
Independent Agency Spotlight Update January 2024
This summer saw an extremely slow rate of independent agency nominations coming from the White House, and witnessed also a similarly glacial pace of confirmations emerging from the Senate. While this trend got slightly better over the course of the fall, with the Senate finally making significant movement on the nominations already presented before it, few new nominations have emerged from the White House since July 18, 2023.