World Exposed

Searching for the Truth

‘Corporations’

How Corporate America Invented Christian America

How one reverend’s big business-backed crusade altered the political landscape. The following is an adapted excerpt from Kevin Kruse’s new book,  One Nation Under God: How Corporate America Invented Christian America (Basic Books, 2015). In December 1940, as America was emerging from the Great Depression, more than 5,000 industrialists from across the nation made their yearly pilgrimage to the Waldorf-Astoria Hotel in New York City, convening for the annual meeting of the National Association of Manufacturers. The program promised an impressive slate of speakers: titans at General Motors, General Electric, Standard Oil, Mutual Life, and Sears, Roebuck; popular lecturers such as etiquette expert Emily Post and renowned philosopher-historian Will Durant; even FBI director… Read More

Obscure Government Document Shows Elizabeth Warren Is Right About TPP

“This is not a trade agreement. It’s about intellectual property and dispute settlement.” As opponents and advocates of the Trans-Pacific Partnership (TPP) continue to battle it out, the debate over the agreement has largely focused on the issue of trade – whether jobs will be lost or gained, what the agreement will do to our trade deficit, and other related matters. It’s worth pointing out that the United States already trades heavily with the other 11 nations included in the TPP talks. As Paul Krugman says, “this is not a trade agreement. It’s about intellectual property and dispute settlement; the big beneficiaries are likely to be pharma companies and firms that… Read More

McDonald’s To Open A Restaurant Run By Robots In Phoenix

(PHOENIX) After seeing a decline in earnings for the first time in nine years, McDonald’s plans to do something no other store of its kind has ever done before; open a store run entirely by robots. The store is set to open July 4th in Phoenix, Arizona once the state-of-the-art robot remodel is complete. The restaurant will still employee a small team to insure all of the robots are working correctly, the food along with the cleaning supplies remaining stocked and removing the money collected by the robots. If the test launch for the store is a success, visitors to the restaurant can soon expect to see these new robots working… Read More

Crony Capitalists Decide TPP Terms

Paul Samuelson, serving as advisor to Presidents Kennedy and LBJ, was the first American to win the Nobel Memorial Prize in Economic Sciences. He said the ultimate goal of economic science is to improve the living conditions of people in their everyday life. That goal should be an easy one to put into practice in a modern economy, but it is immediately beset with problems in the twenty-first century. I’m sure, given a more nation-centric era, Samuelson envisioned the context of his goal to be national in scope. But currently, how would you separate the national versus the global, considering the extent of global commerce? Then how do you balance a… Read More

Chinese Factory Loses 90% of Its Workforce to Robots

Ever since China joined the World Trade Organization in 2001, the US has had millions of manufacturing jobs outsourced to the growing nation. But what most American’s don’t realize is that many of these Chinese workers also feel cheated by this arrangement. They’re just as frustrated with us, because they can’t afford the products that they build for the American consumer. Over the years, this resentment has fueled a surge of labor strikes and demands for better pay for these workers. So it should come as no surprise that factory owners are more than willing to automate these jobs. While American workers have good reason to be pissed about having their… Read More

Robert Reich: Has America Finally Figured Out a Way to Rein in the Shocking Sums We Pay CEOs?

Most CEOs haven’t done anything special — except figure out how to get paid. The Securities and Exchange Commission just ruled that large publicly held corporations must disclose the ratios of the pay of their top CEOs to the pay of their median workers. About time. For the last thirty years almost all incentives operating on American corporations have resulted in lower pay for average workers and higher pay for CEOs and other top executives.  Consider that in 1965, CEOs of America’s largest corporations were paid, on average, 20 times the pay of average workers.  Now, the ratio is over 300 to 1.  Not only has CEO pay exploded, so has the pay of… Read More

The TV Segment That Lays Bare Everything That’s Wrong with Corporate Media Today

Softballs for Amazon’s PR rep, superficial questions, and a former WH press secretary: this segment has it all. The New York Times published a somewhat scathing survey of Amazon’s corporate culture Sunday that quickly went viral, becoming the Times’ most shared story over the past 36 hours. The piece, written by Jodi Kantor and David Streitfeld, dug deep into Amazon’s hyper-competitive culture and highlighted its more abusive and dehumanizing extremes. Some of the worst offenses are a lack of paternity leave, people sobbing at their desk, a “snitch” app that lets employees anonymously tattle on their colleagues, and a culture one former HR director called “purposeful Darwinism.” But worry not, CBS News is… Read More

How Charles Koch Prevents Clean Energy Businesses From Succeeding

The Kochs use their political influence and funding for efforts to repeal laws designed to support the deployment of more renewable electricity. (Photo: Air pollution via Shutterstock) Last week, President Obama correctly singled out the Koch brothers – Charles and David – and the Koch-funded network for standing in the way of America’s clean energy future. Charles Koch responded saying he was “flabbergasted” after hearing Obama’s remark. He continued, “We are not trying to prevent new clean energy businesses from succeeding.” This statement is, at best, highly misleading. Charles Koch states that he believes government should be smaller and it should not subsidize businesses, including any form of energy business. But… Read More

Former Child Slaves Used in Cocoa Production Can Sue Nestle

On Monday, the Supreme Court ruled a lawsuit filed by former child slaves against mega-corporation Nestle can move forward. The decision finalizes a lower court’s prior ruling, which Nestle previously attempted to overturn in an attempt to halt suits from individuals who worked in the African cocoa trade as children. As Reuters reports, three former Malian child laborers, known as “John Does” in the case, “contend the companies aided and abetted human rights violations through their active involvement in purchasing cocoa from Ivory Coast. While aware of the child slavery problem, the companies offered financial and technical assistance to local farmers in a bid to guarantee the cheapest source of cocoa,… Read More

China Is Making a Major Play for American Farms and Farmland

Companies backed by the Chinese government are making Big Ag acquisitions in the U.S. The American farmer is revered in our culture. He—the mythical American farmer is invariably a man—is in many ways a professional embodiment of values, such as individualism and hard work, that are considered part of the national identity. With their backbreaking work, farmers settled the growing West through the 1862 Homestead Act. It’s not a stretch to say that farmers, riding the wave of manifest destiny, built the United States. Today, they continue to feed it. But the days when anyone could pick up a pitchfork and become a farmer are long gone. Farmland can cost an… Read More

Former Bush Official Just Confirmed That Our Wars Are for Corporate Interests

(ANTIMEDIA) United States — “I think Smedley Butler was onto something,”Col. Lawrence Wilkerson, former George W. Bush administration heavyweight,told Salon in an exclusive interview. Major General Smedley Butler earned the highest rank in the U.S. Marine Corps, accumulating numerous accolades as he helped lead the United States through decades of war. He later became an ardent critic of such militarism and imperialism. “War is a racket,” Butler famously said, and Wilkerson — who has also turned critical of U.S. imperialist policy — agrees with and admires the esteemed Marine. Wilkerson, who served as chief of staff to former secretary of state, Colin Powell, has grown tired of “the corporate interests that… Read More

Corporate Debt Defaults Explode To Catastrophic Levels Not Seen Since The Last Financial Crisis

If a new financial crisis had already begun, we would expect to see corporate debt defaults skyrocket, and that is precisely what is happening.  As you will see below, corporate defaults are currently at the highest level that we have seen since 2009.  A wave of bankruptcies is sweeping the energy industry, but it isn’t just the energy industry that is in trouble.  In fact, the average credit rating for U.S. corporations is now lower than it was at any point during the last recession.  This is yet another sign that we are in the early chapters of a major league economic crisis.  Yesterday I talked about how 23.2 percent of… Read More