#Corporate/Industrial News

[mysharona1987]

[settlercolonialismisbad]

something something eaten by the monster they created

[s-0236-salix]

When I worked as a QA scientist in a dog food factory, corporate always bragged about how we were "zero-waste". This conflicted with the fact that our lab generated waste - used gloves, used kimwipes, old glass tubes, etc. So, I figured "zero waste" applied to the manufacturing floor, not to the labs or offices. Fair enough, I suppose. That would be a high standard.

But the floor-side of the QA team kept talking about scrapped pallets. 2000 to 4000 lb pallets, often ten to twenty at a time, were being scrapped because of production issues. Okay, I thought. Maybe the cans get squished and all the dog food is rinsed out, then they go to recycling.

Nope. Turns out "zero waste" meant "zero waste *in our state*". All the scrapped product, literal semi trailers full of it, each week, was sent to a neighbor state to be thrown away *over there* instead. As if it didn't exist, then. The cab of the truck would then pick up a new trailer of scrap from the other factory and bring it back home to throw away. Fuck corporate America.

[bharatbriefs]

Big Tech Braces for Wave of Antitrust Rulings in 2024 

U.S. antitrust cases against tech giants Google and Meta Platforms are expected to come to a head in 2024, likely producing long-awaited rulings that could shape the legacies of top Biden administration regulators. Silicon Valley and its critics have seen their patience tested on some of these cases. A U.S. antitrust case brought against Alphabet’s Google unit in 2020 went to trial in 2023 and…

[ishtiaqbappy31]

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[reportwire]

Silicon Valley Bank depositors will get 'all of their money,' regulators say

U.S. financial regulators on Sunday said Silicon Valley Bank customers would have access to all their money on Monday, days after the bank failed. Announcing new steps, the Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation said their moves would “ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to…

[khaled-red-blog]

The $385,000 Netflix Private Jet Flight Attendant: 'Where Can I Apply?'

wanted one Netflix Inc. nflx -3.23% flight attendant to work on the company’s private jet. Requested Salary: Up to $385,000. in a reduction time At many major tech companies, Netflix sent the internet buzzing this week with what some described as an unusual job offer. The streaming company wants a trained flight attendant to be in charge of the trips on its super-midsize jet, according to the…

[aroaessidhe]

2024 reads / storygraph

Outdrawn

f/f contemporary romance

two cartoonist who’ve been rivals since uni, and now have competing webcomics online, have to work together on the relaunch of a cult classic at the comic press they both work at

they both struggle with art-related physical and mental health issues, and complicated families

[shinobicyrus]

Hey, yanno how Climate Change is a real thing that is tangibly, at this moment, affecting our world?

Well it turns out, the wealthy and their investment firms have been seeing the mounting evidence that oil companies have had for decades and are slowly starting to think more long-term about their portfolios in the face of rising sea levels, more extreme weather, and the myriad of ways climate crises are affecting...well. Everything. Maybe this means they invest more into sustainability, green energy, building more resilient infrastructure, or carbon offsets. Some of it, of course, is simple corporate greenwashing, but there are those that are taking this trend and packaging it into something called ESG (Environmental, Social, and corporate Governance).

Now some people would say this is predictable, even sensible. Just the good ol’ Free Market(tm) rationally responding to market forces and a changing world.

But those people would be fools! Insidious fools! For conservative sorcerers have come out with a new cursed phrase to explain this new market trend: Woke Investing.

What makes this investing “woke?” Well, much like how conservatives normally flounder when trying to define a word they stole from black people, “Woke Investing” essentially just means any kind of capital investment that they, the fossil fuel billionaire class and their sycophants, don’t personally profit from.

One of these aforementioned sycophants is Andy Puzder, conservative commentator, fellow at The Heritage Foundation, and former fast-food CEO. He calls this kind of so-called woke investing “socialism in sheep’s clothing,” further explaining in leaked audio of a closed-door meeting:

“My father's generation's challenge was the Nazis, who, by the way, were, of course, very proud socialists[citation fucking needed]. The challenge of my generation was the communists, who were, of course, very committed socialists. The challenge of your generation is ESG investing, and it's more insidious than communism or the Nazis.”(source)

You heard it here first, folks. Not investing as much in fossil fuels is more insidious than the Third Fucking Reich.

As usual, the Heritage Foundation is putting their petro-chemical donor’s money where their mouth is. Bills are being proposed to blacklist banks that don’t invest in key state industries, such as West Virginia coal or Texas oil. Fourteen states have already passed bills to restrict ESG-type investing, with Florida Governor Ron “Bullies Kids for Wearing Masks” Desantis leading the charge.

In other words, Climate Denial has reached such a point that so-called Free Market Conservatives who claim to hate big government are trying to make it illegal for banks, investment firms, and financial institutions to make any financial decisions that acknowledges Climate Change is real.

[dontmeantobepoliticalbut]

In late May, 19 Republican attorneys general filed a complaint with the Supreme Court asking it to block climate change lawsuits seeking to recoup damages from fossil fuel companies.

All of the state attorneys general who participated in the legal action are members of the Republican Attorneys General Association (RAGA), which runs a cash-for-influence operation that coordinates the official actions of these GOP state AGs and sells its corporate funders access to them and their staff. The majority of all state attorneys general are listed as members of RAGA.

Where does RAGA get most of its funding? From the very same fossil fuel industry interests that its suit seeks to defend. In fact, the industry has pumped nearly $5.8 million into RAGA’s campaign coffers since Biden was elected in 2020.

The recent Supreme Court complaint has been deemed “highly unusual” by legal experts.

The attorneys general claim that Democratic states, which are bringing the climate-related suits at issue in state courts, are effectively trying to regulate interstate emissions or commerce, which are under the sole purview of the federal government. Fossil fuel companies have unsuccessfully made similar arguments in their own defense.

RAGA’s official actions — and those of its member attorneys general — closely align with the goals of its biggest donors.

The group, a registered political nonprofit that can raise unlimited amounts of cash from individuals and corporations, solicits annual membership fees from corporate donors in exchange for allowing those donors to shape legal policy via briefings and other interactions with member attorneys general.

A Center for Media and Democracy (CMD) analysis of IRS filings since November 24, 2020 shows that Koch Industries (which recently rebranded) leads as the largest fossil fuel industry donor to RAGA, having donated $1.3 million between 2021 and June 2024.

Other large donors include:

• American Petroleum Institute (API), the oil and gas industry’s largest trade association

• Southern Company Services, a gas and electric utility holding company

• Valero Services, a petroleum refiner

• NextEra Energy Resources, which runs both renewable and natural gas operations

• Anschutz Corporation, a Denver-based oil and gas company

• American Fuel & Petrochemical Manufacturers, a major trade organization

• Exxon Mobil, one of the largest fossil fuel multinationals in the world

• National Mining Association, the leading coal and mineral industry trade organization

• American Chemical Council, which represents major petrochemical producers and refiners

Many of these donors are being sued for deceiving the public about the role fossil fuels play in worsening climate change: many states — including California, Connecticut, Minnesota, New Jersey, and Rhode Island — as well as local governments — such as the city of Chicago and counties in Oregon and Pennsylvania — have all filed suits against a mix of fossil fuel companies and their industry groups. In the cases brought by New York and Massachusetts, ExxonMobil found support from Texas Attorney General Ken Paxton, who filed a friend-of-the-court brief in defense of the corporation.

Paxton has accepted $5.2 million in campaign contributions from the oil and gas industry over the past 10 years, according to data compiled by OpenSecrets and reviewed by CMD.

Fossil Fuel Contributions to the Republican Attorneys General Association Includes aggregate contributions of $10K or more from the period November 2020 to March 2024.

Note: This funding compilation does not include law firms, front groups, or public relations outfits that work on behalf of fossil fuel clients, many of which use legal shells to shield themselves from outright scrutiny. For example, Koch Industries, through its astroturf operation Americans for Prosperity, has deployed a shell legal firm in a major Supreme Court case designed to dismantle the federal government’s regulatory authority.

CARRYING BIG OIL’S WATER

This is far from the first time RAGA members have banded together to try to defeat clean energy and environmental regulations. In 2014, the New York Times initially reported on how RAGA circulates fossil fuel industry propaganda opposing federal regulations.

The Times investigation revealed thousands of documents exposing how oil and gas companies cozied up to Republican attorneys general to push back against President Obama’s regulatory agenda. “Attorneys general in at least a dozen states are working with energy companies and other corporate interests, which in turn are providing them with record amounts of money for their political campaigns,” the investigation found. That effort, which RAGA dubbed the Rule of Law campaign, has since morphed into RAGA’s political action arm, the nonprofit Rule of Law Defense Fund (RLDF).

Since then, RAGA’s appetite to go to bat for the industry has only grown.

In 2015, less than two weeks after representatives from fossil fuel companies and related trade groups attended a RAGA conference, Republican AGs petitioned federal courts to block the Obama administration’s signature climate proposal, as CMD has previously reported. Additional reporting revealed collusion between Republican AGs and industry lobbyists to defend ExxonMobil and obstruct climate change legislation.

There was also the 2016 secret energy summit that RAGA held in West Virginia with industry leaders, along with private meetings with fossil fuel companies to coordinate how to shield ExxonMobil from legal scrutiny. Later that year, West Virginia Attorney General Patrick Morrisey — aided by 19 other Republican AGs — successfully brought a case before the court that hobbled Obama’s signature climate plan.

Morrisey is currently leading the Republican effort to take down an Environmental Protection Agency (EPA) regulation that targets coal-fired power plants.

Often, the attorneys general bringing these cases share many of the same donors who backed the confirmation of Republican-appointed Supreme Court justices, as pointed out by the New York Times.

And in 2021, Republican attorneys general from 19 states sent a letter to the U.S. Senate committees on Environment and Public Works and on Energy and Natural Resources hoping to persuade senators to vote against additional regulations on highly polluting methane emissions, a leading contributor to global warming.

Since 2022, RLDF’s “ESG Working Group” has been coordinating actions taken by Republican AGs against sustainable investing. Communications from that group obtained by CMD show that it was investigating Morningstar/Sustainalytics and the Net-Zero Banking Alliance. Republican AGs announced investigations into the six largest banks for information on their involvement in the Net-Zero Banking Alliance later that year.

LEGACY OF RIGHT-WING ACTIONS

It’s not only about fossil fuels. Attorneys general who are members of — and financially backed by — RAGA have a long track record of pursuing right-wing agendas. In Mississippi, Attorney General Lynn Fitch helped bring the legal case that ultimately overturned Roe v. Wade. In Texas, Paxton has attempted to overturn the Affordable Care Act and sued the federal government over Title IX civil rights protections, and safeguards for seasonal workers, among other policy irritants to the far Right. With support from fellow Republican AGs, he also led one of many efforts to overturn the results of the 2020 election.

In recent years, other pro-corporate major donors have included The Concord Fund, which is controlled by Trump’s “court whisperer” Leonard Leo, Big Tobacco, and the U.S. Chamber of Commerce’s Institute for Legal Reform.

[benjaminallhope-fulltimemind]

This isn't surprising not one bit, Texas has archaic abortion laws and will real what they've showed much to suffering and death of many women. This will obviously affect the health sector in Texas and strain health services for women who may need to leave the state to receive medical treatment or even a simple gynecology exam. Republicans never cared about women nor the fetus as it was always about control, this patriarchy 101 and anyone with a working brain and empathy can understand that. Men never have to fear having our bodily autonomy from being taken away, well until Republicans start mandating men and women breed resulting in the LGBTQIA+ community being seen as 'unproductive' but hey that's later on the Republican agenda. For now we can still fix this mess, we will not and must not settle for anything less than abortion being enshrined in our constitution.

[gandalf-the-bean]

imagine throwing a fit because people are getting paid for their labor and you’re not being paid extra to literally do nothing

[itsybitsybatsyspider]

Deleted Adobe Photoshop (which bums me out because i felt like i was really getting the hang of it. Booo to their new terms of service) and downloaded Clip Studio Paint instead!

Probably gonna try out some sketches tomorrow to get comfortable using it!

back at it again with the new drawing platform learning curve. yyyyaayyyy

[umbane]

the more I listen to paranoia, the more disappointed I am tbh

[reportwire]

Silicon Valley Bank branches closed by regulator in biggest bank failure since Washington Mutual

Silicon Valley Bank has been closed by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) has been appointed receiver, becoming the first FDIC-backed institution to fail this year. The news comes amid a crisis at parent SVB Financial Group SIVB, -60.41%, which lost a record 60% of its value on Thursday, after it disclosed large…