Last month—and on the sixteenth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the fifteenth anniversary of the day the Consumer Financial Protection Bureau opened its doors—the House majority advanced legislation to weaken major safeguards established after the last financial crisis.
Private equity firms are major players in the rental housing market. Here’s how private equity ownership works, how it harms tenants, and the organizing strategies and policy responses that could help.
The long-promised ethics provisions in the CLARITY Act crypto legislation are a fig leaf that don’t cover Trump’s unprecedented crypto corruption or the rampant efforts by crypto billionaires to leverage their power and money to secure favorable legislation.
Soon, Senators will face a stark choice when the crypto industry’s top priority, the CLARITY Act, comes up for a vote.
Amidst the hype dominating the news ahead of SpaceXs initial public offering (IPO) and the breathless coverage of Elon Musk’s ascension to trillionaire status following the IPO, there is also a growing chorus of market watchers — including influencers, financial analysts, and even Nobel laureates — questioning the company’s valuation and calling out the IPO’s transfer of wealth from working people to the ultra-wealthy.
Firefighters battled a weeklong warehouse fire at a 500,000 square foot food storage facility in Boyle Heights, CA, a historically Chicano neighborhood in Los Angeles.