Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Mostly absent from the ongoing debate over the private equity  industry is any realistic assessment of its actual history. Its loudest defenders ignore the dark uses of planned bankruptcy, state subsidy, and tax avoidance by firms like Bain Capital to maintain superprofits. Without criminal violence and extortion, such conduct can be perfectly legal.

But in fostering growth – or creating jobs – it isn’t clear “just how this predatory style differs from what the mob used to call a bust-out scheme,” as observed here last January. To lillustrate the parallels, listen to these classic Mafia characters describing their traditional business practices in plain language:

Via The Huffington Post

Photo Credit: Julien Chambon

Reprinted with permission from Alternet

President Donald Trump on Monday evening called for law enforcement across the country to dominate the ongoing protests and riots in response to the killing of George Floyd at the hands of police. The dark and authoritarian message delivered from the Rose Garden was sharply juxtaposed on cable news with images of peaceful protesters just outside the White House gates who were fired on by police with tear gas.

The president threatened to send the military into the streets if the unrest could not be quelled by other means.

Keep reading... Show less