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Posts Tagged ‘corporations’

Today’s Flickr photo

Let the sanity commence! Flickr photo by antisocialtory.

If you read one thing today…

Public Citizen supporters want to take on corporate power, Public Citizen’s “What Sign Should I Bring To Jon Stewart’s Rally to Restore Sanity” showed, portraying the public’s frustration with the corporate-dominated status quo in Washington. Of the thousands of submissions, Public Citizen chose our fave four to print and distribute tomorrow on the National Mall.  Here are the winners and their prize slogans:

  • “Separation of Corporation and State” (Elizabeth, North Carolina);
  • “We, the People NOT We, the Corporations” (Alan, Colorado);
  • “It’s a Democracy, Not an Auction” (Eric, Washington state); and
  • “Keep Your Government Hands Off My Corporate Overlords!” (Ken, Washington state).

Overheard

“Sanity is no simple proposition in Washington, D.C., where narrow corporate interests routinely block commonsense policies to strengthen our nation and preserve our planet,” said Robert Weissman, president of Public Citizen. “Our contest’s submissions highlight that restoring sanity requires taking on corporate power.”

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Stunning Statistics of the Week:

Amount the U.S. Chamber of Commerce spent on lobbying in 2009: $120 million

Amount Chamber spent daily to defeat health care reform in the weeks before its passage: $800,000

Amount Chamber plans to spend to influence the fall congressional elections: $50 million

Senate Republicans block DISCLOSE Act; Public Citizen urges reconsideration

Last week in the U.S. Senate, partisan politics prevailed over the public interest as all (more…)

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When the Supreme Court ruled last week in favor of Rent-A-Center in another controversial 5-4 decision, the justices again put the interests of corporations above those of the people.

The New York Times published this great editorial about it over the weekend, highlighting the absurdity of SCOTUS’s decision:

The court ruled last Monday there was nothing wrong with requiring that the fairness of an arbitration clause be determined by — an arbitrator.

Congress is working to fix the problems with mandatory binding arbitration agreements as the members hash through the Arbitration Fairness Act (H.R. 1020 and S. 931) and the Fairness in Nursing Home Arbitration Act (H.R. 1237 and S. 512).

While it was scheduled for markup last week, the committee did not get to the AFA and the nursing home bill last Wednesday. Stay tuned for a rescheduled date for Congressional action on these bills because your representatives in Congress will need to hear from you.

Learn more about forced arbitration and the problems with it.

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That’s the gist of today’s court victory for “Stillworldly,” an anonymous poster on Yahoo! Finance message boards. Public Citizen and the Electronic Frontier Foundation attorneys represented the anonymous poster.

The company in question is IA Global, which operates telemarketing operations overseas in addition to other activities (it touts itself as “a growing Business Process Outsourcing (“BPO”) and Financial Services corporation” on its Web site — yuck).

IA Global’s stock performance hasn’t exactly been stellar. In mid-2000, it’s stock was about $5 a share; since then, it’s tanked to around $0.05 a share.

Stillworldly observed this lousy performance on a public forum, and IA Global seemed to think this was grounds for a defamation suit.

(more…)

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