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CommonDreams Views

Britain's Senseless Pursuit of Disaster Capitalism

As other nations return to state-led investment, Truss and Kwarteng act to weaken our democracy, economy and rights.

Manchin's 'Dirty Deal' Isn't Dead Yet—But We Have Shown It Can Be Killed

Environmental and climate justice movements flexed their growing power in Washington, beating back a dirty environmental deregulation bill—for now.

Humanity's Greatest Challenge: Coming Together to Fight the Climate Emergency

Only compassion and cooperation will lead us out of the dead end of fossil fuels and overconsumption.

Dean Baker Economic Reporting - Discuss

'It is now my turn to speak': Drag performer targeted by right-wing activist files defamation suit

Defenders of the Libs of TikTok social media account try to distance themselves from the real-world consequences of their hate campaigns by claiming that all the anti-LGBTQ harassment account does is share content made by others. But that’s simply a lie. The account singles out to its 1.5 million followers individuals who have done nothing except be openly or pro-LGBTQ.

The account also spreads blatant lies, one of which is now at the center of litigation. While the Libs of TikTok didn’t originate the lie that a drag performer at an Idaho Pride event this past summer had exposed himself to children in the audience, the account picked it up from right-wing blogger Summer Bushnell and spread it even after it had been debunked. It resulted in harassment, which is the goal of these right-wing actors.

That drag performer, Eric Posey, is now suing Bushnell. The Libs of TikTok account, meanwhile, is currently on yet another temporary suspension due to hateful conduct, raising questions about how it continues to violate Twitter’s policies but never seems to get permanently suspended.

“In June 2022, Summer Bushnell falsely stated that Eric Posey exposed his genitals to the public, including children, at Pride in the Park in Coeur d’Alene, Idaho,” the complaint stated. “Bushnell also doctored a video of Posey’s performance to make it look like he had in fact exposed himself. Bushnell knew that Posey did not expose himself, but she lied anyway to gain popularity on social media.

“Her plan worked: her false statements and doctored video received nearly 19 times more views than each of her prior 10 videos,” the complaint continued. “But Bushnell’s publicity was not free; it came at the expense of Posey’s reputation. He now sues her for defamation.”

“The video, which was debunked by local news two days after the event was held, led to harassment against Posey after it went viral on social media,” Media Matters said. But even after it was debunked, Libs of TikTok creator Chaya Raichik shared a tweet from Bushnell that outrageously and falsely labeled the performer a “pedophile.”

Media Matters said Posey was then bombarded by the anti-LGBTQ “groomer” slur popularized by Libs of TikTok and GOP operatives like Christina Pushaw, an aide to Florida Gov. Ron DeSantis. While Bushnell’s tweet was eventually removed, Media Matters said Libs of TikTok’s wasn’t. “Now Posey is suing Bushnell, claiming she defamed him in an effort to gain popularity as part of the nationwide effort to malign LGBTQ people and Pride Month events.”

And while Bushnell had based the tweet on an outright lie and called on her supporters to report Posey to police, “[a] subsequent police investigation cleared Posey of wrongdoing, and a city prosecutor said an unedited copy of the video showed no evidence of indecent exposure,” NBC News reports. “The allegations of indecent exposure, or other crimes cannot be supported by the evidence,” the prosecutor’s office said. “Therefore, prosecution is declined."

Of course, the goal was never to seek accountability, as nothing wrong had happened. The goal was to unleash a steady stream of harassment against an openly LGBTQ person living their life.

“When there are outlandish lies that are made public and recirculated and take on a life of their own, the person who the lie was about is harmed,” Posey’s attorney Wendy Olson told NBC News. “It has an impact on every single aspect of their life, every day. This disinformation is not true—it just needs to be stopped.”

Posey, who is known by the stage name of Mona Liza Million, said in a statement released by law firm Stoel Rives that “[a]fter three months of silence, it is now my turn to speak.”

“Despite being cleared of all wrongdoing, provocateurs have continued to spread the doctored video of my performance, not only defaming me, but also inciting a backlash towards the LGBTQIA+ community statewide. I have no choice but to take legal action to hold those responsible for the lies accountable for their actions. My hope is that this civil suit puts a stop to the hateful disinformation campaigns being waged in Idaho.”

”The suit seeks monetary damages from Bushnell for defamation and defamation by implication in an amount of more than $10,000,” Stoel Rives said. “Compensatory damages, attorney’s fees, and legal costs are requested, as is a jury trial.”

'Where is the peace movement?' Diplomacy advocates decry renewed Ukraine weapons package

Proponents of a negotiated diplomatic solution to end Russia's invasion of Ukraine this week decried the Biden administration's latest military assistance package for the embattled country, warning that the longer the fight continues, the greater the chance of a catastrophic nuclear war.

The Pentagon announced Tuesday that the U.S. will deliver up to $625 million worth of additional armaments and ammunition to Ukraine following Russia's illegal annexation of four Ukrainian regions last week, a move that prompted Ukrainian President Volodymyr Zelenskyy to formally apply for NATO membership.

The new package includes four High Mobility Artillery Rocket Systems (HIMARS) and an unknown number of guided missiles; 16 155mm howitzers and 75,000 precision-guided artillery rounds; 1,000 155mm remote anti-armor mines; 16 105mm howitzers; 30,000 120mm mortar rounds; 200 MaxxPro mine-resistant ambush-protected vehicles; 200,000 rounds of small arms ammunition; and other armaments.

U.S. Secretary of State Antony Blinken said the new aid—which comes on top of more than $15 billion in American military assistance to Ukraine since Russia invaded on February 24—is "carefully calibrated to make the most difference on the battlefield and strengthen Ukraine's hand at the negotiating table when the time is right."

Peace advocates stressed that—with Russian President Vladimir Putin's repeated threats to use nuclear weapons—the right time is right now, and that the United States and NATO allies should stop trying to weaken Russia by prolonging the war.

"The longer the war goes on, the longer it's maintained, the more the prospects for a diplomatic settlement diminish," U.S. political dissident and professor Noam Chomsky told Democracy Now! host Amy Goodman in a Monday interview. "The longer the war continues, the more the window closes."

However, Chomsky noted that the United States and Britain "are keeping to the principle that the war must continue to severely weaken Russia—meaning no negotiated settlements, with all the consequences that follow."

Harry J. Kazianis, senior editor at 19FortyFive and president of the Rogue States Project, a bipartisan national security think tank based in Washington, D.C., wrote Monday for the Quincy Institute for Responsible Statecraft that "tensions are rising by the second," while "the chances of a nuclear war increase significantly every day that passes."

"Considering the stakes—among them, the possibility that Russia will feel so boxed in that it will turn to its arsenal of 6,400 nuclear warheads and try to end the Ukraine war on its own terms despite the risk of a nuclear holocaust—one would think talks would already be happening as we speak," Kazianis continued.

"Sadly," he added, "due to the Western narrative that Ukraine is 'winning' the war against Moscow, the Biden administration appears to believe it can put enough pressure on Putin with more weapons for Ukraine that he will give up his newly annexed territories and go home with his atomic tail between his legs."

According to recent polling by the Quincy Institute and Data for Progress, 49% of Americans want Biden to do more to seek a diplomatic solution to the war.

"This is not just the United States," Jacobin staff writer Branko Marcetic told "Breaking Points" podcast hosts Krystal Ball and Saagar Enjeti on Tuesday. "There was a poll in Germany that shows most Germans, who are really feeling harshly the economic blowback of the sanctions, they want more diplomacy to try to end the war."

"This is also the prevailing opinion in most of the rest of the world, the Global South," he added. "You can look at... countries like Turkey, or say Mexico, who have attempted to try and broker some sort of peace agreement."

China has been a leading proponent of de-escalation and finding a diplomatic solution to the war. Speaking last week, Zhang Jun, China's permanent representative to the United Nations, said that his country's government "calls on all parties concerned to exercise restraint, refrain from actions that exacerbate tensions, and leave space for settlement through diplomatic negotiations."

"The pressing priority is to make every effort to de-escalate the situation," he added, "and guide the parties to restart diplomatic negotiations as soon as possible to open the door to a political settlement with legitimate concerns brought into the negotiations and viable options put on the table, in an effort to achieve an early ceasefire."

With Zelenskyy having signed a decree Tuesday asserting that the prospect of talks with Putin is "impossible"—while signalling an openness to future negotiations with a change in Russian leadership—many Western observers have argued that seeking a diplomatic solution is an exercise in futility at this point.

"Are there still negotiation possibilities? There's only one way to find out. That's to try," said Chomsky. "If you refuse to try, of course, there's no option, no possibilities."

Marcetic asked: "Where is the peace movement? There used to be a robust peace movement throughout the Cold War."

"All that seems to be gone," he added. "I wish that people were more active and more outspoken about this to demonstrate that, no, you know, nuclear war is not worth anything."

How Cuba is dealing with Hurricane Ian's devastation

On September 27, 2022, a tropical cyclone—Hurricane Ian—struck Cuba’s western province of Pinar del Río. Sustained winds of around 125 miles per hour lingered over Cuba for more than eight hours, bringing down trees and power lines, and causing damage not seen during previous tropical cyclones. The hurricane then lingered over the warm waters of the Gulf of Mexico, picking up energy before striking the U.S. island of Cayo Costa, Florida, with approximately 155 mph winds. The World Meteorological Organization (WMO) called it “one of the worst hurricanes to hit the area in a century.”

This article was produced by Globetrotter.

The National Oceanic and Atmospheric Administration’s Climate Prediction Center said that this year will be the “seventh consecutive above-average hurricane season.” Both Cuba and Florida have faced the wrath of the waters and winds, but beneath this lies the ferocity of the climate catastrophe. “Climate science is increasingly able to show that many of the extreme weather events that we are experiencing have become more likely and more intense due to human-induced climate change,” said WMO Secretary-General Petteri Taalas.

Prepare and Relieve

Cuba, said the WMO, is one of the “world leaders in terms of hurricane preparedness and disaster management.” This was not always the case. Hurricane Flora hit the eastern coast of the island on October 4, 1963. When news of the approaching hurricane reached Fidel Castro, he immediately ordered the evacuation of the homes of people who lived in the projected path of the storm (in Haiti, former dictator François Duvalier did not call for an evacuation, which led to the death of more than 5,000 people). Castro rushed to Camagüey, almost dying in the Cauto River as his amphibious vehicle was struck by a drifting log. Two years later, in his Socialism and Man in Cuba, Che Guevara wrote the Cuban people showed “exceptional deeds of valor and sacrifice” as they rebuilt the country after the devastation caused by Flora.

In 1966, the Cuban government created the Civil Defense System to prepare for not only extreme weather events such as hurricanes but also the outbreak of epidemics. Using science as the foundation for its hurricane preparedness, the Cuban government was able to evacuate 2 million people as Hurricane Ivan moved toward the island in 2004. As part of disaster management, the entire Cuban population participates in drills, and the Cuban mass organizations (the Federation of Cuban Women and the Committees for the Defense of the Revolution) work in an integrated manner to mobilize the population to respond to disasters.

The day before Hurricane Ian hit Cuba, 50,000 people were evacuated and taken to 55 shelters. No private vehicles or public transportation was visible on the streets. Work brigades were mobilized to work on the resumption of electricity supply after the storm had passed. In Artemisa, for instance, the Provincial Defense Council met to discuss how to react to the inevitable flooding. Despite the best efforts made by Cubans, three people died because of the hurricane, and the electrical grid suffered significant damage.


The entire island—including Havana—had no power for more than three days. The electrical grid, which was already suffering from a lack of major repairs, collapsed. Without power, Cubans had to throw away food that needed to be refrigerated and faced difficulty in preparing meals, among other hardships. By October 1, less than five days after landfall, 82 percent of the residents of Havana had their power restored with work ongoing for the western part of the island (the amount of time without power in Puerto Rico, which was hit by Hurricane Fiona on September 18, is longer—a quarter of a million people remain without power more than two weeks later).

The long-term impact of Hurricane Ian is yet to be assessed, although some believe the cost of damages will surpass $1 billion. More than 8,500 hectares of cropland have been hit by the flooding, with the banana crop most impacted. The most dramatic problem will be faced by Cuba’s tobacco industry since Pinar del Río—where 5,000 farms were destroyed—is its heartland (with 65 percent of the country’s tobacco production). Hirochi Robaina, a tobacco farmer in Pinar del Río, wrote, “It was apocalyptic. A real disaster.”


Mexico and Venezuela immediately pledged to send materials to assist in the reconstruction of the electrical grid on the island.

All eyes turned to Washington—not only to see whether it would send aid, which would be welcome, but also if it would remove Cuba from the state sponsors of terrorism list and end sanctions imposed by the United States. These measures cause banks in both the United States and elsewhere to be reluctant to process any financial transactions, including humanitarian donations. The U.S. has a mixed record regarding humanitarian aid to Cuba. After Hurricane Michelle (2001), Hurricane Charley (2004), and Hurricane Wilma (2005), the U.S. did offer assistance, but would not even temporarily lift the blockade. After the fire at a Matanzas oil storage facility in August 2022, the U.S. did offer to join Mexico and Venezuela to help the Cubans put out the fire. Cuba’s Deputy Foreign Minister Carlos Fernández de Cossio offered “profound gratitude” for the gesture, but the administration of U.S. President Joe Biden did not follow through.

Rather than lift the sanctions even for a limited period, the U.S. government sat back and watched as mysterious forces from Miami unleashed a torrent of Facebook and WhatsApp messages to drive desperate Cubans onto the street. Not a moment is wasted by Washington to use even a natural disaster to try to destabilize the situation in Cuba (a history that goes back to 1963, when the Central Intelligence Agency reflected on how to leverage natural disasters for political gains). “Most people don’t shout out freedom,” a person who observed one of these protests told us. “They ask for power and food.”

Author Bio: Vijay Prashad is an Indian historian, editor, and journalist. He is a writing fellow and chief correspondent at Globetrotter. He is an editor of LeftWord Books and the director of Tricontinental: Institute for Social Research. He is a senior non-resident fellow at Chongyang Institute for Financial Studies, Renmin University of China. He has written more than 20 books, including The Darker Nations and The Poorer Nations. His latest books are Struggle Makes Us Human: Learning from Movements for Socialism and (with Noam Chomsky) The Withdrawal: Iraq, Libya, Afghanistan, and the Fragility of U.S. Power.

Manolo De Los Santos is the co-executive director of the People’s Forum and is a researcher at Tricontinental: Institute for Social Research. He co-edited, most recently, Viviremos: Venezuela vs. Hybrid War (LeftWord Books/1804 Books, 2020) and Comrade of the Revolution: Selected Speeches of Fidel Castro (LeftWord Books/1804 Books, 2021). He is a co-coordinator of the People’s Summit for Democracy.

ACLU Latest News

Ad Distorts Abortion Views of Republican House Candidate from Nevada

An ad from the Democratic Congressional Campaign Committee falsely claims that Nevada Republican House candidate April Becker supports a nationwide abortion ban and "taking away a woman’s right to abortion with no exceptions." 

The post Ad Distorts Abortion Views of Republican House Candidate from Nevada appeared first on

No Indication Breast Milk After Vaccination Unsafe, Despite Posts About New Study

No evidence suggests it’s dangerous for babies to consume breast milk from mothers who get vaccinated against COVID-19. Online posts, however, have pointed to a study that found temporary, trace amounts of vaccine mRNA in milk after vaccination to claim that the vaccines are unsafe.

The post No Indication Breast Milk After Vaccination Unsafe, Despite Posts About New Study appeared first on

What Vice President Harris Said — And Didn’t Say — About Hurricane Relief

Vice President Kamala Harris spoke about the need to provide "resources" for climate change mitigation "based on equity." Republicans misleadingly claimed Harris said the Biden administration would provide federal hurricane relief based on race. We put her remarks in context.

The post What Vice President Harris Said — And Didn’t Say — About Hurricane Relief appeared first on

OpenCongress Blog


Welcome to The Activist Motivator

Are you interested in how you impact the rest of the world, or how others impact the world thereby affecting you? Do you want to do something to improve things? ... About Us

Objective journalism on the struggles of democracy in a socially stratified society.

Latest Activity

Cromag posted a blog post

Henry Giroux on Resisting the Neoliberal Revolution

Reactions to Anatomy of a Deep State from the Bill Moyers ShowFebruary 2014 - Credit: Dale RobbinsThe notion of the “Deep State” as outlined by Mike Lofgren may be useful in pointing to a new…See More
Feb 22, 2014
Cromag's video was featured

The Century of the Self

It's getting difficult to find a free version of this important documentary but I have found one that works for now and embedded it below. Watch it while you still can. The Century of the Self is a British television documentary film that focuses…
Feb 10, 2014
Cromag posted a blog post

The Rights of Nature: Has Deep Ecology Gone Too Far?

A specter is haunting the French humanist mind these days--a radical ecology movement that threatens to replace the idealization of humanity with an idealization of nature. Already we see "the passing of the humanist era," writes Luc Ferry, a philosopher at the Sorbonne and the University of Caen, in this prize-winning critique of that movement, a book all environmentalists ought to read. It is by turn witty and sneering, brilliant and disturbing, wildly alarmist and, in the end, surprisingly…See More
Jan 27, 2014
Cromag posted a blog post

If Nature Had Rights

... "So what would a radically different law-driven consciousness look like?” The question was posed over three decades ago by a University of Southern California law professor as his lecture drew to a close. “One in which Nature had rights,” he continued. “Yes, rivers, lakes, trees. . . . How could such a posture in law affect a community’s view of itself?” Professor Christopher Stone…See More
Jan 25, 2014
Cromag's video was featured

Chrystia Freeland: The Rise of the New Global Super Rich Plutocracy

The term plutocracy is generally used as a pejorative to describe or warn against an undesirable condition. Throughout history, political thinkers such as Winston Churchill, 19th-century French sociologist and historian Alexis de Tocqueville,…
Jan 24, 2014
Cromag posted a blog post

George Lakoff to green marketers: use the F-word

UC Berkeley researcher and cognitive linguist riffs on "freedom" and other hot-button words for sustainability communicators. Anna Clark -, Tuesday 27 August 2013 14.00 EDTIf you lean progressive, then you've probably heard of George Lakoff, professor of cognitive science and linguistics at UC Berkeley and author of The New York Times bestseller, Don't Think of an Elephant! Notwithstanding his unabashed political slant, Lakoff's research is applicable for commercial purposes,…See More
Sep 5, 2013
Cromag posted a blog post

The Leveraged Buyout of America

Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts. They are systematically buying up or gaining control of the essential lifelines of the economy. How have they pulled this off, and where have they gotten the money?In a letter to Federal Reserve Chairman Ben Bernanke dated June 27, 2013, US…See More
Aug 27, 2013
Cromag posted a blog post

The Ecuadorian Library or, The Blast Shack After Three Years

Back in distant, halcyon 2010, I was asked to write something about Wikileaks and its Cablegate scandal. So, I wrote a rather melancholy essay about how things seemed to me to be going — dreadfully, painfully, like some leaden and ancient Greek tragedy.In that 2010 essay, I surmised that things were going to get worse before they got any better. Sure enough, things now are lots, lots worse. Much…See More
Aug 7, 2013


Ban Chemically Scented Products From The Olympics? Bringing Personal Habits To Public Places....It's A Stinky Issue.

For people with COPD, Multiple Chemical Sensitivity, and Asthma, Chemically Scented Products can be a major Disability Barrier.  Just a quick surf on the internet shows how many people are unable to…Continue

Started by Melva Smith in Sample Title Aug 9, 2011.

Please Sign the Scent-Free Olympic Petition

Dear Fellow Activists.  What do you all think about a scent-free Olympics? If you or someone you know finds scented products to be a disability barrier, you might be interested in knowing that there…Continue

Tags: COPD, Sensitivity, Allergy, Sports, barriers

Started by Melva Smith in Sample Title Jun 21, 2011.

Ethics Among Activists 1 Reply

I've been active now in a concerted way for many years, and I've worked on a number of causes and with many different people. Most of these relationships have been very positive. Activists are…Continue

Tags: organizing, activism, Ethics

Started by Cromag in Uncategorized. Last reply by Ice Goldberg Oct 21, 2009.

Blog Posts

Nature and the Law

Posted by Cromag on December 22, 2016 at 9:08pm 0 Comments

Nature and the Law

A new movement is working to protect our environment through the recognition of its fundamental rights. It’s an idea whose time has come.

By Mari Margil from December 20, 2016, 4:39 pm – 8 MIN READ…

State Plastic and Paper Bag Legislation: Justice or Manipulation?

Posted by Cromag on December 4, 2016 at 1:00pm 0 Comments

The plastic and paper bag law is ostensibly environmental legislation in hopes that a small fee will diminish the environmental impact of single-use merchant bags. It was possible to have the fee go into an environmental fund to help with diminishing the impact, but that was voted down by CA Prop 65. The resulting declining of Prop 65 is essentially saying that we cannot force the…


Unsafe at any Dose? Diagnosing Chemical Safety Failures, from DDT to BPA

Posted by Cromag on May 22, 2016 at 9:55am 0 Comments

via Independent Science News | by Jonathan Latham, PhD

Piecemeal, and at long last, chemical manufacturers have begun removing the endocrine-disrupting plastic…


Organic food’s dirty secret: What the “seductive” label fails to tell you [Updated Info]

Posted by Cromag on March 15, 2015 at 12:30pm 0 Comments

Just because food is labeled organic doesn't mean it's what you're expecting, journalist Peter Laufer tells Salon

by Lindsay Abrams 

Published Saturday, Jul 19, 2014 11:00 AM PST…


If Nature Had Rights

Posted by Cromag on October 23, 2014 at 2:51pm 0 Comments

... "So what would a radically different law-driven consciousness look like?” The question was posed over three decades ago by a University of Southern California law professor as his lecture drew to a close. “One in which Nature had rights,” he continued. “Yes, rivers, lakes, trees. . . . How could such a posture in law affect a community’s view of…


Glenn Greenwald: Why privacy matters

Posted by Cromag on October 15, 2014 at 12:30pm 0 Comments

 (TEDGlobal 2014 transcript)

Why privacy matters

Glenn Greenwald was one of the first reporters to see — and write about — the Edward Snowden files, with their revelations about the United States' extensive surveillance of private citizens. In…


Suffering? Well, You Deserve It

Posted by Cromag on March 4, 2014 at 1:00pm 0 Comments

By Chris Hedges March 2nd, 2014

OXFORD, England—The morning after my Feb. 20 debate at the Oxford Union, I walked from my hotel along Oxford’s narrow cobblestone streets, past its storied colleges with resplendent lawns and…


Introducing the Global Power Project (Updated)

Posted by Cromag on February 28, 2014 at 3:24pm 0 Comments

Mon, 3/25/2013 - by Andrew Gavin Marshall
originally posted on

We live in an interdependent world, where nations are increasingly…


Henry Giroux on Resisting the Neoliberal Revolution

Posted by Cromag on February 22, 2014 at 6:00pm 0 Comments

Reactions to Anatomy of a Deep State from the Bill Moyers Show

February 2014 - Credit: Dale Robbins


The Rights of Nature: Has Deep Ecology Gone Too Far?

Posted by Cromag on January 27, 2014 at 8:00am 0 Comments

A specter is haunting the French humanist mind these days--a radical ecology movement that threatens to replace the idealization of humanity with an idealization of nature. Already we see "the passing of the humanist era," writes Luc Ferry, a philosopher at the Sorbonne and the University of Caen, in this prize-winning critique of that movement, a book all environmentalists ought to read. It…



Harvard Law School Corporate Governance Blog

PVP Q&A: Our Interpretations of the SEC’s New PVP Rules

Introduction The Securities and Exchange Commission (SEC) released its final rules regarding the mandated “Pay Versus Performance” (PVP) disclosure on August 25, 2022. The new rules are the culmination of various proposals by the SEC dating back to 2015 when the agency first issued proposed PVP disclosure rules required by the Dodd-Frank legislation. Pay Governance […]

Enforcement Waves and Spillovers

We document and examine the consequences of an important feature of enforcement activity for financial misrepresentation, that many enforcement actions for financial misrepresentation occur in industry-specific waves. In particular, one-quarter of all enforcement actions for misrepresentation initiated by the U.S. Securities and Exchange Commission or Department of Justice are clustered in 27 industry-specific waves (in […]

​In re BGC Partners: Maybe Entire Fairness Review Isn’t So Bad After All

Eight years ago, the Delaware Supreme Court in Kahn v. M&F Worldwide Corp. (“MFW”),  affirmed then-Chancellor Strine’s decision holding that the business judgment rule could apply to controlling stockholder mergers if certain necessary conditions were met. In articulating the new standard that the Supreme Court would ultimately adopt, the Chancellor expressed optimism that controlling stockholders would […]

2022 Proxy Season – Shareholder Proposal Review

In late 2021 the SEC announced that it would take a new approach to the economic relevance and ordinary business exemptions through the no-action process. This led to the SEC allowing fewer shareholder proposals to be omitted by issuers, and the first half of 2022 saw a significant increase in shareholder proposals that went to […]

Know Your Customer: Informed Trading by Banks

Since the implementation of the Glass-Steagall Banking Act of 1933 concerns about combined banking operations, i.e., commercial and investment banking within the same universal bank, faded. Notwithstanding, the Global Financial Crisis in 2008 reinvigorated the debate about separating commercial and investment banking, resulting in the Volcker Rule and general requirements for ethical walls. In particular, […]

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