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#hedgefunds

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"Stripped for Parts: American Journalism on the Brink" is the story of a secretive hedge fund plundering America’s newspapers, and the journalists who are fighting back.

Join our free Zoom screening followed by a discussion with Director Rick Goldsmith: March 29 at 8 pm ET

tiny.cc/screening329

MobilizeSCREENING: "Stripped for Parts: American Journalism on the Brink" + Director Rick Goldsmith · The Media and Democracy ProjectWorried about the media diets of your fellow Americans, the loss of local journalism jobs - and the impact of this on our democracy? Join our Zoom screening of "Stripped for Parts: American Journalism on the Brink" followed by discussion with Director Rick Goldsmith. Stripped for Parts is the story of a secretive hedge fund that is plundering what is left of America’s newspapers, and the journalists who are fighting back. Hedge fund Alden Global Capital is quietly gobbling up newspapers across the country and gutting them, but no one knows why– until journalist Julie Reynolds begins to investigate. Her findings trigger rebellions across the country by journalists working at Alden-owned newspapers. Backed by the NewsGuild union, the newsmen and women go toe-to-toe with their “vulture capitalist” owners in a battle to save and rebuild local journalism in America. Who will control the future of America’s news ecosystem: Wall Street billionaires concerned only with profit, or those who see journalism as an essential public service, the lifeblood of our democracy? Trailer: https://vimeo.com/923029964 This film is NOT available on streaming platforms. This is a unique opportunity to watch via Zoom with Director Q&A - and be empowered with *ACTIONS YOU CAN TAKE* to fight for local journalism! Rick Goldsmith is a Peabody award winner and an Academy Award-nominee. More here: https://strippedforpartsfilm.com/the-filmmaker/

Join us for a free virtual screening of Stripped For Parts followed by a Q&A with director Rick Goldsmith.

Then be empowered with actions you can take to fight for local journalism!

Saturday March 29, 8-10:30pm ET.

Register here:
mobilize.us/mediademocracyproj

MobilizeSCREENING: "Stripped for Parts: American Journalism on the Brink" + Director Rick Goldsmith · The Media and Democracy ProjectWorried about the media diets of your fellow Americans, the loss of local journalism jobs - and the impact of this on our democracy? Join our Zoom screening of "Stripped for Parts: American Journalism on the Brink" followed by discussion with Director Rick Goldsmith. Stripped for Parts is the story of a secretive hedge fund that is plundering what is left of America’s newspapers, and the journalists who are fighting back. Hedge fund Alden Global Capital is quietly gobbling up newspapers across the country and gutting them, but no one knows why– until journalist Julie Reynolds begins to investigate. Her findings trigger rebellions across the country by journalists working at Alden-owned newspapers. Backed by the NewsGuild union, the newsmen and women go toe-to-toe with their “vulture capitalist” owners in a battle to save and rebuild local journalism in America. Who will control the future of America’s news ecosystem: Wall Street billionaires concerned only with profit, or those who see journalism as an essential public service, the lifeblood of our democracy? Trailer: https://vimeo.com/923029964 This film is NOT available on streaming platforms. This is a unique opportunity to watch via Zoom with Director Q&A - and be empowered with *ACTIONS YOU CAN TAKE* to fight for local journalism! Rick Goldsmith is a Peabody award winner and an Academy Award-nominee. More here: https://strippedforpartsfilm.com/the-filmmaker/

ADDITION TO ARTICLE - DEFENDING CAPITAL GAINS, CARRIED INTEREST AND PRIVATE EQUITY:

I made a small addition to the main article, posted earlier including a link to my May 2023 piece, "In Defense of Private Equity". It is PDF #1 in the link below:

mokhus.com/umbi.html

Main article:

techhub.social/@Munir/11402968

#tax #taxes #privateequity #wallstreet #capitalgains #carriedinterest #investments #real-estate #realestate #HedgeFunds #funds #doj #economics #markets #democrats #Republicans #congress

It really does appear that we’re entering a new period of neo-feudalism, with billionaires, corporations (now deemed people) and hedge funds as our new overlords. The above mentioned culprits own massive amounts of housing, which is why rents keep going up; they own grocery stores, which is why food inflation and shrinkflation are so common; and they largely own our health care system, from hospitals to nursing homes. It’s long past time to break up these obvious monopolies and tax the rich - to avoid a popular uprising and the steady march toward serfdom for the middle class. #politics #Capitalism #feudalism #economics #Billionaires #HedgeFunds #Corporations #Exploitation

“Labour’s cabinet has taken over half a million in donations from private healthcare lobbyists”

by Hannah Sharland in The Canary @thecanary @UKLabour

“In a damning new exposé, Canary columnist Dr Julia Grace Patterson’s advocacy group EveryDoctor has revealed the staggering scale of donations from those with vested interests in NHS privatisation.”

thecanary.co/uk/analysis/2024/

Canary · Labour's cabinet has taken over half a million in donations from private healthcare lobbyistsCanary columnist Dr Julia Grace Patterson's NHS advocacy group EveryDoctor reveals the extent of Labour's donations from private healthcare
Replied in thread

@freeformz @axios

You are not wrong:

“Institutional investors — such as #HedgeFunds, #PrivateEquity firms, and endowments — owned an estimated 574,000 properties as of June 2022, according to the Urban Institute. For reference, Realtor.com data revealed a total of 754,846 active property listings in November 2023.”

Investment firms own 75% of the available #American #housing stock for sale.

#RealEstate #CostOfLiving

themortgagereports.com/109150/

Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports · Meet the Bill to Ban Hedge Fund Home BuyingIf passed, the End Hedge Fund Control of American Homes Act would add over half a million properties back into the housing market.

Appallng:

Last year, regulators issued a rule requiring #hedgefunds & #privateequity firms to better disclose how they spend investors’💰-designed to prevent WS from stealing the retirement savings of public-sector workers. Then WS lobbyists got a Trump-packed court to block the disclosure rule. Now -often using investors’💰to finance execs’ private jet travel. Public pensions are largest investors in PE funds: “31.3% of all investors & contributing 67%” of the capital.
levernews.com/why-are-teachers

The Lever · Why Are Teachers Funding Billionaires’ Private Jets?Plus, Wall Street pretends it’s in Texas, Gordon Gekko gets rich off California workers, and the launch of Summer 2024’s blockbuster event.

#AI in #Banking & #Finance, 6/15/24. Sabrina I. Pacifici highlights news, govt reports, NGO/IGO papers, industry white papers, academic papers, speeches AI’s fast paced impact on #banking & #finance sectors. 5 highlights from this post: Financial regulators have ‘insufficiently’ addressed #hedgefunds’ use of AI; 2024 Conference on Artificial Intelligence & #FinancialStability; Two AI Truths and a Lie; Simple #Macroeconomics of AI; Rise of AI at #JPMorganChase llrx.com/2024/06/ai-in-banking #economics

www.llrx.comAI in Banking and Finance, June 15, 2024 – LLRX

"The #Biden administration plans to stop businesses & #wealthy individuals from manipulating the value of assets in #arcane ways such as using the same assets over & over again to lower their #taxes.

High-end business partnerships like #HedgeFunds and wealthy individuals such as #RealEstate investors have inappropriately used labyrinthine structures to shield tens of billions of dollars from #taxation"

washingtonpost.com/business/20

Hedge funds, PE firms... are vultures, employees are the 1st to go:

"A hedge fund bought the co, sold off all the land Red Lobster restaurants are located on, leased the land back to Red Lobster, & jacked the rent. Just so you know what is really going on here."
-M McDonald

Darden sold Red Lobster in 2014 to private equity firm Golden Gate Capital for $2.1B. It parted with its remaining stake in the chain in 2020, selling to Thai Union Group.

#HedgeFunds #PrivateEquity
axios.com/2024/05/20/red-lobst

Axios · Seafood chain Red Lobster files for bankruptcyBy Richard Collings

Janis Hashe: #Coal Fight Far From Scuttled: New data quantifies projected health harms

"The twists and turns of the fight over the proposed #Oakland Bulk and Oversized Terminal (OBOT), and the developer’s plan to use it to export coal, are far from over. This despite a fight that extends back at least a decade.

A proposal to export coal through Oakland, as reported by environmental organization Earthjustice, was revealed by an April 2015 story in a small Utah newspaper, the Richfield Reaper, which reported that four Utah coal-producing counties were combining to invest in a “new West Coast export terminal.” That this was OBOT was confirmed by a memo obtained through a public record request."

#sfbayarea #california #ClimateChange #publichealth #HedgeFunds #shellcompanies #utah
eastbayexpress.com/coal-fight-

East Bay Express | Oakland, Berkeley & Alameda · Coal Fight Far From ScuttledOakland Bulk and Oversized Terminal's coal fight far from scuttled, as new data quantifies projected health harms.