Monthly Archives: November 2017

Climate-Denying Koch Brothers Help Buy Time Magazine

by Andy Rowell, Common Dreams, 11/27/17

Which includes a reminder: You don’t invest $650 million for nothing.

Last night, the media company, Meredith, announced it was buying Time magazine for an estimated $2.8 billion.

Meredith Corporation Chairman and CEO, Stephen Lacy, said: “We are creating a premier media company serving nearly 200 million American consumers across industry-leading digital, television, print, video, mobile, and social platforms positioned for growth.”

Buried deep in the press release was where a significant proportion of this money was coming from: “Meredith has also secured $650 million in preferred equity commitment from Koch Equity Development (KED).”

And here is where the alarm bells should start ringing. The KED fund is run by the Koch Brothers, some of the biggest funders of groups promoting climate denial and libertarian causes for the last two decades….

continue reading at Common Dreams

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We Are Now One State Closer to Having a Corporate-Dominated Constitutional Convention

By Steven Rosenfeld / AlterNet, November 9, 2017

While Democrats on Wednesday were feeling encouraged and empowered by Tuesday’s coast-to-coast rejection of Trumpism, Republican legislators who control Wisconsin did what the GOP does best in elections: voted to rig the system to favor their agenda. Only this time the target wasn’t voter suppression; it was the U.S. Constitution.

On Tuesday, the Wisconsin Legislature voted to call for what’s known as an Article V constitutional convention, becoming the 28th state to do so in recent years. Thirty-four states are needed, according to the nation’s founding document, to launch a process that would open up the foundation of American’s rights and laws to revision.

“Sadly, this is not fake news,” said Common Cause president Karen Hobert Flynn. “The specter of an Article V convention to rewrite the Constitution remains one of the most alarming threats to our democracy that nobody has ever heard of before.”…

continue reading at AlterNet

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Filed under National govt & politics

Paradise Papers Tax Scam Actions

Americans for Tax Fairness

On November 5, reports surfaced about a leaked set of documents from a Bermuda law firm that helps corporations and billionaires avoid paying U.S. taxes. Dubbed the “Paradise Papers,” these documents unveil secrets of the ultra-elite and show that there is one set of rules for the rich and powerful, and another for everyone else.

Over a dozen people from Donald Trump’s inner circle are named in the papers, including Commerce Secretary Wilbur Ross, who is shown to have significant business ties with Russian oligarchs, previously undisclosed. Other clients of the Bermuda law firm, Appleby, include major US corporations such as Apple, Nike, and Uber, and we expect to learn more about those company’s finances in the coming days.

Under the Ryan-McConnell-Trump Tax Plan, these same millionaires, billionaires, and wealthy corporations who avoid paying what they owe in U.S. taxes will be rewarded with more tax breaks, and the plan will incentivize companies to send jobs overseas.

We call for an immediate halt to consideration of the current GOP Tax Plan (or #TrumpTaxScam). Stand with us and join us in our call to action that:

Will highlight the need to investigate how corporations and billionaires use offshore loopholes to dodge taxes;

Will blast the Ryan-McConnell-Trump Tax Plan by emphasizing the negative impact of shipping jobs overseas; and

Will slam the GOP Tax Bill as a gift to corporations that will encourage them to NOT pay their fair share!

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Filed under Tax, Trade