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Revenge of the Deplorables?​



Did the working class, especially its white members, elect Donald Trump again because they are basically racist, sexist, homophobic, and xenophobic? Are they craving a strongman who can protect white supremacy from a flood of immigrants and put the woke liberals in their place? Didn’t Harris lose primarily because she’s a woman of color?

More than a few progressives, as well as the New York Times, believe these are plausible explanations for Harris’s defeat. I’m not so sure.

The working class started abandoning the Democrats long before Trump became a political figure, let alone a candidate. In 1976, Jimmy Carter received 52.3 percent of the working-class vote; In 1996, Clinton 50 percent; In 2012, Obama 40.6 percent; and in 2020, Biden received only 36.2 percent.

This decline has little to do with illiberalism on social issues. Since Carter’s victory, these workers have become more liberal on race, gender, immigration and gay rights, as I detail in my book, Wall Street’s War on Workers.

These voters of color don’t fit comfortably into that basket of deplorables Hillary Clinton described, but they are a part of the working class that’s been laid off time and again because of corporate greed.

Furthermore, my research shows that mass layoffs, not illiberalism, best explains the decline of worker support for the Democrats. In the former Blue Wall states of Pennsylvania, Michigan, and Wisconsin, for example, as the county mass layoff rate went up the Democratic vote went down. The statistical causation, of course, may be off, but the linkage here between economic dissatisfaction and flight from the Democratic Party is straightforward.

Did the Working Class Give Trump 1.9 Million More Votes?

Trump improved his vote total from 74.2 million in 2020 to 76.1 in 2024, an increase of 1.9 million. Did the white working class support him more strongly this year?

No. According to the Edison exit polls, Trump’s share of the non-college white vote dropped from 67 percent in 2020 to 66 percent in 2024. (For 2020 exit polls see here. For 2024 see here.)

In fact, the largest increase for Trump this year came from non-white voters without a college degree. Trump’s percentage of these voters jumped from 26 percent in 2020 to 33 percent in 2024. These voters of color don’t fit comfortably into that basket of deplorables Hillary Clinton described, but they are a part of the working class that’s been laid off time and again because of corporate greed.

The Defection of the Border Democrats

Perhaps the most astonishing collapse of the Democratic vote is found in the Texas counties along the Rio Grande. Take Starr County, population 65,000, most of whom are Hispanic. Hillary Clinton won that county by 60 percent in 2016. Trump won it this year by 16 percentage points, a massive shift of 76 percentage points, almost unheard of in electoral politics. Trump won 12 of the 14 border counties in 2024, up from only five in 2016. Interviews suggest that these voters are very concerned by uncontrolled border crossings, inflation, and uncertainly in finding and maintaining jobs in the oil industry.

(I hear whispers among progressives that Hispanic men just don’t like women in leadership positions. Yet just across the Mexican border, Hispanic men seemed quite comfortable recently electing a female president.)

The Big Story Is the Overall Decline of the Harris Vote

Harris received 73.1 million votes in 2024, a drop of 8.3 million compared with Biden’s 81.3 million votes in 2020. That’s an extraordinary decline. Who are these voters who decided to sit it out?

So far, while the final votes are tallied and exit polls are compiled, it looks like they are a very diverse group—from young people upset about the administration’s failure to restrain Israel to liberals who didn’t like watching Harris go after suburban Republicans by palling around with arch-conservatives Liz and Dick Cheney.

Personally, I think many working-class voters of all shades sat on their hands because Harris really had so little to offer them. Harris was viewed as both a member of the establishment and a defender of it, and the establishment hasn’t been too considerate of working-class issues in recent decades.

Many working-class voters of all shades sat on their hands because Harris really had so little to offer them.

Harris’ highly publicized fundraising visit to Wall Street certainly made that clear. And in case we missed that signal, her staff told the New York Times that Wall Street was helping to shape her agenda. It’s very hard to excite working people by arguing, in effect, that what’s good for Wall Street is also good for working people.

The John Deere Fiasco

For me, the symbolic turning point was the Harris campaign’s pathetic response to the John Deere company’s announcement about shipping 1,000 jobs from the Midwest to Mexico. Trump jumped on it right away, saying that if Deere made that move, he would slap a 200-percent tariff on all its imports from Mexico. If I were a soon-to-be-replaced Deere worker, that would have gotten my attention.

The Harris campaign responded as well, but not in a way that would convince workers that she really cared about their jobs. The campaign sent billionaire Mark Cuban to the press to claim such a tariff would be “insanity.” He and the campaign said not one word about the jobs that would soon be lost. Trump promised to intervene. Harris promised nothing.

The sad part is that the Biden-Harris campaign could have at least tried. They had the power of the entire federal government. They could have cajoled and bullied, waved carrots and sticks. In short, they could have easily made a visible public effort to prevent the export of those good-paying jobs by a highly profitable corporation that was spending billions of dollars on stock buybacks to enrich Wall Street and it’s CEO. Here was a chance to defend jobs against overt greed. Instead, they essentially told working people that Harris wasn’t willing to fight for those jobs.

But Didn’t the Working-Class Abandon Sherrod Brown?

I haven’t yet found any comprehensive demographic data about Brown and his working-class support. We do know, however, that he ran well ahead of Harris. Brown lost his Senate race by 3.6 percent in Ohio compared to a Harris loss by 11.5 percent.

Rather than blaming working-class voters for not rejecting Trump out of hand, the Democrats should reflect on the failure of their brand and their failure of nerve.

Brown knew that he was carrying a heavy load as a Democrat, especially because of the passage of NAFTA, which was finalized during Bill Clinton’s presidency. As Brown put it: “The Democratic brand has suffered again, starting with NAFTA…. But, what really mattered is: I still heard it in the Mahoning Valley, in the Miami Valley, I still heard during the campaign about NAFTA.”

Brown, as a loyal Democrat, was stuck with that dubious brand, and with Harris, as she was clobbered in Ohio. Tom Osborne, the former local labor leader and a refreshing political newcomer, shed the Democratic Party burden by running as an independent in Nebraska. He lost his Senate race by 6.8 percent compared to 10.9 percent for Harris. Brown did better than Osborne but it’s highly likely that both did much better than Harris with working-class voters.

Maybe the Democratic Party Has Become Deplorable to the Working Class

Rather than blaming working-class voters for not rejecting Trump out of hand, the Democrats should reflect on the failure of their brand and their failure of nerve.

  • Biden’s ego kept him in the race at least a year past his sell-by date and the Democratic leadership did not have the nerve to act until he completely lost it in the June debate with Trump. (A few of us urged Biden to step aside in November 2023).
  • Harris was anointed without going through a rigorous primary process. She failed miserably at that in 2020, and she probably was not the strongest potential Democratic candidate this time around either.
  • Refusing to run on a strong progressive populist platform pushed much of the working-class to Trump. The Center for Working Class Politics survey of Pennsylvania showed that a strong populist message was the most popular among working class voters, and that the Harris focus on democracy was the weakest issue for that group. But the Harris campaign doubled down on the democracy issues late in the campaign and paid the price.
  • The failure to say anything at all about mass layoffs and stock buybacks was nothing short of political malpractice.
  • And placating Wall Street was flat out deplorable.

Will the Democrats learn from this debacle and change their ways? I’m not optimistic. They are the defenders of the liberal elite establishment and have grown very comfortable (and prosperous) in that role.

We may not have all the data we desire or need as yet, but we know this much: something has to change. And that change is not going to come from the old guard of this deplorable Democratic Party establishment.

Dems, Don’t Give Trump the Tools to Crush Protest Groups He Doesn’t Like



You could see this one coming.

It seems like about five years ago—in this crazy, mixed-up world of ours—but it was just last April when student protests over Israel’s post-October 7 attacks on Gaza and the deaths of Palestinian civilians roiled dozens of college campuses from coast-to-coast.

The tent encampments and student-led marches, from the Penn campus here in Philly to UCLA some 3,000 miles away, hearkened back to the youth unrest of the 1960s, but things were a little different this time. In an overheated election year, with some leading politicians accusing the protesters of antisemitism, university leaders were quicker to call in the police, who didn’t hesitate to make arrests or use force.

it’s hard to know much reluctance to take to the streets is also driven by the fresh memories of the riot cops on campus last spring and their aggressive tactics, which led to more than 3,100 arrests.

At the time, a few pundits warned that the aggressive police-state tactics felt like a grim foreshadowing of what could await all protesters—not just those in opposition to Israel’s far-right government and its war tactics—if an authoritarian Donald Trump won the November election. One wrote: “By the time a returned-to-the-White-House Trump makes good on his vow to send out troops and tanks to put down any January 20, 2025, inauguration protesters, America might be numb to such images.”

OK, I cheated: That pundit was me. But now that Trump is indeed the president-elect, with a vow of retribution against his political enemies, there’s growing concern that the incoming administration will clamp down hard on the right of dissent that is supposed to be guaranteed in the First Amendment. In a 4:00 am posting to his Truth Social website, the 45th and soon-to-be 47th POTUS confirmed that he plans to use the U.S. military for his sweeping mass-deportation agenda, which did little to calm fears that troops could also put down protests.

Meanwhile, and even more urgently, a bipartisan bill is racing through the current lame-duck session of Congress that—in an echo of the police-state style crackdown against the Gaza protests, which were often in Democratic-run jurisdictions—could have a much more sweeping impact.

The Stop Terror-Financing and Tax Penalties on American Hostages Act—also known as H.R. 9495—emerged from the uproar over the Gaza protests to give an administration’s treasury secretary, without further input from Congress, the ability to potentially devastate nonprofit groups by stripping their nonprofit status if they determine the group is “a terrorist supporting organization.” The bill’s bipartisan backers proposed the measure with more radical pro-Palestinian groups in mind, and also tied the bill to an understandably popular second measure that removes the threat of tax penalties for Americans held hostage overseas, including as many as four to seven now in Gaza.

Some 52 Democrats, including the staunchest supporters of Israel’s conduct, joined the GOP House majority last week in an effort to fast-track the bill that needed a two-thirds majority and fell just short. This week, the bill is moving toward final House approval that would only require a simple majority—even as progressive Democrats are increasingly alarmed that the incoming Trump administration will use to measure to punish other left-leaning groups that have nothing to do with Palestine.

“I think in view of Trump’s election, this bill basically authorizes him to impose a death penalty on any nonprofit in America or any civil society group that happens to be on his enemies list and claim that they’re a terrorist,” Rep. Lloyd Doggett, a Texas Democrat, told The Washington Post in voicing the growing liberal alarm over the measure. The congressman said those fears would apply to “a hospital performing an abortion, a community news outlet that he doesn’t think is giving him sufficient attention—or basically anyone, certainly groups that might be trying to assist migrants in this country.”

The measure is also opposed by groups like the American Civil Liberties Union and the international anti-famine organization Oxfam International, which chillingly compared H.R. 9495 to what it’s confronted around the globe trying to function in authoritarian regimes. “This bill follows the same playbook Oxfam has seen other governments around the world use to crush dissent,” its American CEO said last week in a statement. “Now we are seeing it here at home.”

Mother Jones also notes in a new piece that the anti-Gaza-protest playbook will likely inspire a Trump regime in other ways, including following through on his campaign threats to deport campus protesters. Cornell University grad student Momodou Taal—a protester whose student visa was revoked but has dodged deportation, for now—told the magazine that last spring’s crackdown set an awful precedent, saying: “I think what [President Joe] Biden has allowed for is that the clampdown is made easier for Trump now because the groundwork has already been laid.”

Indeed, Cornell’s moves to suspend Taal and other pro-Palestinian students who disrupted a job fair in September is just one part of a campus crusade against dissent and, arguably, free speech that seems to have succeeded in sharply reducing protests against the killing of civilians in Gaza—or against anything else for that matter.

In the two weeks since Trump’s election to another term, protests have been—with a handful of exceptions involving the socialist far left—a dog that hasn’t barked, in sharp contrast to Trump’s initial victory in 2016. Mostly that’s because many who formed a “Trump Resistance” eight years ago have concluded that mass protest isn’t the most effective tactic, but it’s hard to know much reluctance to take to the streets is also driven by the fresh memories of the riot cops on campus last spring and their aggressive tactics, which led to more than 3,100 arrests.

But this much is clear: If Democrats are serious about serving as the last line of defense against Trump’s most monarchical tendencies, the last thing they should be doing right now should be giving the incoming president a tool to quash protest groups he doesn’t like, using dictatorial fiat. Over the last 14 days, I’ve received a ton of reader emails asking what they can do to make a difference and not surrender to the end of American democracy as we’ve known it. Here’s one simple and easy thing: Call your member of Congress and urge them to oppose an un-American piece of legislation called H.R. 9495.

The Election Does Not Redeem Donald Trump’s Moral Indecency



Tens of millions of Americans voted against Donald Trump and the cruelty he celebrates. None of us have to see the election as a vindication of his contempt for democracy, basic decency, and anyone who disagrees with him. In our constitutional democracy, there is never a final election, there is always another day, and it is indisputably legitimate to speak up and criticize those in elected office, including the president.

Today, we doubt these basic truths because we know Trump seeks to undo them. He has made clear that he wants to rule as an American Putin. That is certainly his goal, and we cannot pretend otherwise. But we need not accept this or conclude it is inevitable. There is no guarantee he succeeds, and we must use all legal and peaceful means available to us in order to stand in his way and to insist on the enduring primacy of our democratic values and our constitutional system.

The fact that most voters preferred Trump does not mean what is immoral is now moral, what is obscene is now respectable.

Trump sneers at the cherished principles that truly make the United States great—the rule of law, racial equality, equality of men and women, constitutional rights like freedom of speech and due process, free and fair elections, and the notion of limits on power that make government officials public servants advancing the national interest rather than kleptocrats seeking to line their own pockets. Those who reject what Trump stands for must defend these principles and insist on the centrality of distinctions between right and wrong, even as Trump seeks to eviscerate the very notion of morality.

Consider the basic moral concepts we learned as children. Bullies are bad. Lying is wrong. You don’t insult someone else, and especially not because of how they look or where they come from. Trump embodies each and every one of these immoral traits. He is a schoolyard bully who delights in crude insults, which I will not repeat but which we have all heard so many times that we may have become desensitized to these outrages. Yet we know what he has said, and we know who he is. We know that he degrades and demeans women, immigrants, people of color, people with disabilities—indeed, anyone who is different from him and anyone who dares to disagree with him. No elementary school teacher would tolerate such behavior from a student, and we can never accept such moral failure from a person placed in a position of public trust.

Those who Trump insults, mocks, and derides are human beings, although he smears them as “vermin,” “dogs,” and “animals,” words that are obviously intended to dehumanize. Indeed, he has quite literally said that some immigrants are “not people.” He will not extend to others the basic courtesies and respect that decent people instinctively extend to co-workers, members of the community, and indeed all human beings. Trump’s goal is to mark us as second-class citizens—at best. He does not have this power unless we cede it to him or unless others, especially other government officials, defer to him. There is very little Trump can accomplish on his own and, although he feels no sense of shame, some of those he will ask to carry out his plans may. We must remind them that there is a difference between right and wrong, and that morality matters. We must remember that, even if some of us do not seem to be the initial targets of Trump’s wrath, we must stand with those who are most vulnerable, recognizing that when cruelty singles out one group, we do not know where it will end.

We have lived with all of this for nearly a decade, and we are tired. We are sick of Trump’s bullying, his lack of decency, his preening egotism and constant demand for adulation. We hoped that all of this could be placed in our past. Instead, it continues to be our reality. Some will ask us to reconcile with this, to accept it. We need not do either. This is what it means to be free. We certainly should not adopt Trump’s own tactics. We must refuse to embrace the politics of personal insults, bullying, and hatred. Yet we must continue to insist it is wrong when Trump does these things, and that, even though it has now become normal, making cruelty normal is a rejection of our most fundamental principles that we can never accept. Trump won an election—an election where nearly half of voters rejected his tired, blustering act. The fact that most voters preferred Trump does not mean what is immoral is now moral, what is obscene is now respectable. The celebration of disrespect and indecency will never be right. No election can change that.

Dean Baker Economic Reporting

AlterNet.org - Discuss

FactCheck.org

Musk’s Starlink Was Not Connected to Vote Tabulation, Contrary to Online Claims

Elon Musk's Starlink system helped provide internet access to communities affected by the recent hurricanes. But online posts spread baseless claims that Starlink "uploaded votes in swing states" and helped Donald Trump win the election. Experts said voting machines are not connected to the internet during tabulation; one state election official called the claims "utter garbage."

The post Musk’s Starlink Was Not Connected to Vote Tabulation, Contrary to Online Claims appeared first on FactCheck.org.

No Evidence Harris Campaign Paid for Celebrity Endorsements

Vice President Kamala Harris received many celebrity endorsements leading up to the election, including from Beyoncé, Oprah Winfrey, Eminem, Megan Thee Stallion and Lizzo. Social media posts have made the unfounded claim that these celebrities were collectively paid $20 million for their endorsements. We've found no evidence to support the claim.

The post No Evidence Harris Campaign Paid for Celebrity Endorsements appeared first on FactCheck.org.

Can Trump Serve a Third Term?

President-elect Donald Trump, who will return to office for a second term on Jan. 20, 2025, recently reignited a constitutional debate about whether a twice-elected president can serve a third term.

The post Can Trump Serve a Third Term? appeared first on FactCheck.org.

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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

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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,…
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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 - theguardian.com, 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
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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
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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
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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.

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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…
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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…

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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…

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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…

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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…

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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…

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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…

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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 Occupy.com

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

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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

Continue

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…

Continue

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Harvard Law School Corporate Governance Blog

Largest Companies View AI as a Risk Multiplier

We are certainly continuing to live in “interesting times.” Even when we feel as though the volume and velocity of risks can’t possibly accelerate further, they do. The past 12 months have seen US companies reacting to numerous cyber events, unprecedented political activity, conflicts in the Middle East and Europe, fluctuations in the US economy, […]

Securities Litigation and Enforcement Highlights

Cooley’s securities litigation + enforcement group continued to share key insights on key cases and developments in securities litigation throughout the spring and summer. They highlighted important decisions in Delaware courts, precedent-setting cases in the US Supreme Court and appellate courts, and recent developments at the Securities and Exchange Commission (SEC), as well as trends […]

CEO Succession Practices in the Russell 3000 and S&P 500

Chief executive succession rates have dropped after a peak during the pandemic, but an impending wave of retirements among older CEOs underscores the need for boards to focus on long-term planning. This report offers comprehensive data on current trends in CEO succession among US public companies, along with best practices for leadership transitions. Key Insights […]

The Moral Preferences of Investors Experimental Evidence

Over recent years, responsible asset management has developed considerably in size. However, the exact nature of responsible investors’ preferences remains somewhat elusive. Our paper investigates the moral preferences of investors through incentivized experiments. There are essentially two main views of investors’ ethical preferences in the literature. Value-alignment refers to investors’ aversion to owning shares in companies […]

A Second Trump Administration: Implications for Asset Managers

On Wednesday, November 6, 2024, major media outlets announced Donald J. Trump as the winner of the 2024 U.S. presidential election.  This alert discusses the potential impact of Mr. Trump’s election on the U.S. Securities and Exchange Commission (the “SEC”) and the regulation of asset managers more generally. I. The SEC under President Trump Likely […]
 
 
 

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