#Corporate/industry news

[mysharona1987]

[fuzzytimes1]

Homebuyers stay one step ahead of supply chain issues by buying the home and everything in it

Last year, Gerardo and Rita Luna upgraded from their 2,700-square-foot home in Oxnard, Calif. to a much larger home in nearby Santa Paula, paying $2.4 million. The couple, who own four auto repair shops, said they were looking for a quieter spot where they “couldn’t shake hands with their neighbors through the window,” Mr Luna said. The Santa Paula estate, on 6 acres, fits the bill perfectly. The…

[intersectionalpraxis]

Someone shared this on Twitter. Boeing has blood on their hands in many ways.

[blockchainnftgaming]

This chart shows how companies have become quieter in cryptocurrencies

This year, not only cryptocurrency prices are falling. Companies that were once eager to publicize their participation in digital assets have also become more relaxed about these efforts. In the first two months of the fourth quarter, there were 146 corporate teleconferences mentioning cryptocurrency and other related terms – this is somewhat more than 141 such transcripts in the first two months…

[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.

[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

[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.

[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

[reasonsforhope]

“The Justice Department and a group of eight states sued Google on Tuesday, accusing it of illegally abusing a monopoly over the technology that powers online advertising, in the agency’s first antitrust lawsuit against a tech giant under President Biden and an escalation in legal pressure on one of the world’s biggest internet companies.

The lawsuit said Google had “corrupted legitimate competition in the ad tech industry by engaging in a systematic campaign to seize control of the wide swath of high-tech tools used by publishers, advertisers and brokers to facilitate digital advertising.”

The lawsuit asked U.S. District Court for the Eastern District of Virginia to force Google to sell much of its suite of ad technology products, which include software for buying and selling ads, a marketplace to complete the transactions and a service for showcasing the ads across the internet. The lawsuit also asked the court to stop the company from engaging in allegedly anticompetitive practices...

The new lawsuit “adds another important complication to Google’s efforts to deal with regulators worldwide,” said William Kovacic, a former chairman of the Federal Trade Commission. “There’s a chance one or more of these challenges is going to make its way through and hit the target...”

Attorney General Merrick B. Garland said monopolies “threaten the free and fair markets upon which our economy is based.” He added, “We will aggressively protect consumers, safeguard competition and work to ensure economic fairness and opportunity for all.”

The Biden administration is trying to use uncommon legal theories to clip the wings of some of America’s largest businesses. The F.T.C. recently asked a judge to block Meta from buying a virtual-reality start-up, a rare case that argues a deal could harm potential competition in a nascent market. The agency has also challenged Microsoft’s $69 billion purchase of the video game publisher Activision Blizzard, a notable action because the two companies are not primarily seen as direct competitors.

These efforts are expected to meet fierce resistance in federal courts. Judges have for decades subscribed to a view that antitrust violations should mostly be determined by whether they increase prices for consumers. But Jonathan Kanter, the chief of the Justice Department’s antitrust division, and Lina Khan, the F.T.C. chair, have said they are willing to lose cases that allow them to stretch the boundaries of the law and that put corporate America on notice.”

-via The New York Times, 1/24/23

[ciboriaadastra]

Having a thought about how the amount of wealth Bruce comes into and then amasses for himself changed over the decades of Batman media, and the reason he's beeen scaled up to be so impossibly wealthy is probably because cities and companies in DC lore are analogs to real life places and companies.

Wayne Enterprises probably reflects how homogenous American multinational corporations are now, where a single company can make and distribute almost all consumer goods because it has bought out/merged hundreds of smaller companies + purchased everything it needed from the ground up so it does not depend on many others besides itself.

Just something that crossed my mind when I was looking up what WE actually does and the Fandom (bleh) wiki listed so many branches. Wayne Shipping? Wayne Foods? Like...is this Amazon and Bruce is now Bezos? Wayne Entertainment? He's also Disney? Wayne Electronics? This is Apple? Wayne Aerospace? Boeing??? Bruce is trying to be in control of and monitor every single means of production and every production line fr

Feel like that should influence how people view Wayne Enterprises and Bruce himself. Steadily creeping in and taking root in every industry. People get curious about a new construction project in the city, but once it's revealed to be a Wayne Tower it's filling people with dread. Though, it was a long time coming...everything you order online comes in a box with a W on the tape delivered to your address in a black as night truck with a giant W emblazoned on the side. The meds in your cabinet were produced under Wayne Pharmaceuticals. The cable and streaming services were recently bought by Wayne Entertainment. The Wayne Foundation started offering scholarships at the major college campuses. Your phone is Wayne tech. Your car was built with Wayne Steel. Soon the hospitals will be all Wayne Medical, your insurance company bought out. The local newspapers and stations will be bought up. The libraries. The clinics. The orphanages. The schools. The grocery store. You're never going to scrub that b ig soulless W out of your head. The way the logo looks like the head of a pitchfork, ready to stab and capture the intended prey.

Thinking about how Wayne Medical seems so innocuous in what it does except for the bit on how Bruce has access to every person in Gotham's medical records, because he can access the Wayne Medical databases and use that information to track suspects. And the thing is WE does not just exist in Gotham, it's a multinational corporation with bases in major cities not just in the U.S. but around the world. This man has millions of people's medical records easily accessible to him which feels both extremely unethical and extremely illegal. Not that civilians can prove he can and does access those records though.

[aci25]

A Story about the Tourism Industry in Oaxaca, Mexico

This story was censored by a big and well-known media company. So I decided to tell it on my own.

I look into the following question: does the current tourism model in Oaxaca lead to deeper inequality?

[fuzzytimes1]

Flight into Adani stocks, bonds will continue; Conglomerate trades barbs with short sellers

markets India’s Adani Group issues a 413-page response to Hindenburg Research’s allegations Source link

[soapdispensersalesman]

[blockchainnftgaming]

Crypto investor losses turn into IRS gains - here's how they do it

Crypto investor losses turn into IRS gains – here’s how they do it

The Internal Revenue Service has been paying close attention to crypto investors in recent years, and as this happens, more investors are turning to the tax code’s rules on investment losses. That’s according to a study published this week that sheds light on the link between IRS enforcement and “tax loss collection.” The latter is a tax planning strategy that many crypto investors will need to…

[sanstropfremir]

why does ptg have the worst luck of anyone in the history of the world 😭 like in what world does it make sense for hui to be a contestant on boy's planet 🤨?

it rlly feels like when btob went on kingdom to me, but worse 😭 like ppl pointed out that he's gonna be judged by idols he's both senior to, AND produced for 😭 also this tweet made me laugh:

literallyyyyyyyyyyyyyyyyyy in what fucking mirror universe does it make sense for hui to be a trainee on this show when he fucking birthed wanna one like honestly this is genuinely humiliating. what the fuck is wrong with the industry that a post-military 30yro with a well established career and an active group goes on a trainee survival show. it's so fucking unhinged. at least with btob kingdom wasn't about breaking down the groups and making a new one, it was just about making the best performance, but the fact that these senior groups are being subjected to this is so...................