Reports

Reports

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People no longer believe working hard will lead to a better life, survey shows

By Underground | January 20, 2020

Survey authors: “We now observe an Alice in Wonderland moment of elite buoyancy and mass despair.” Because it’s true. Source: People no longer believe working hard will lead to a better life, survey shows – Hack – triple j Continue reading People no longer believe working hard will lead to a better life, survey shows

Clearview app lets strangers find your name, info with snap of a photo, report says

By Underground | January 20, 2020

It may not be long before you’ll have to forget about walking down the street anonymously, says a New York Times report. The danger this poses to people – here is just one tweet response: Every single one of my women friends have been followed off the bus or subway by a … Continue reading Clearview app lets strangers find your name, info with snap of a photo, report says

BlackRock CEO Larry Fink puts climate change at center of megafund’s investment strategy 

By Underground | January 15, 2020

BlackRock Inc. will ditch investments with high sustainability-related risk as climate concerns drive a sweeping change in the way the world’s largest asset manager invests its $7 trillion in assets. “Climate change … Continue reading BlackRock CEO Larry Fink puts climate change at center of megafund’s investment strategy 

Many millennials are worse off than their parents — a first in American history

By Underground | January 11, 2020

On paper, it looks like Scott Larsen is doing better than his father was at the same age. But he’s not even close. The chances of him buying a home are very slim. The system currently extracts all the borrowing potential from the millennials through student loans that could have gone towards … Continue reading Many millennials are worse off than their parents — a first in American history

Facebook and Instagram will allow users to ‘see fewer’ political ads

By Underground | January 9, 2020

The political ads control will roll out in the U.S. “early this summer” before expanding to new locations. But not fewer corporate ads. Is this really good for democracy? Source: Facebook and Instagram will allow users to ‘see fewer’ political ads i Continue reading Facebook and Instagram will allow users to ‘see fewer’ political ads

Money for war, but not for the poor – The Washington Post

By Underground | January 7, 2020

Too often we acquiesce to this terrible status quo. And it shows that the money is there, we’re just directing it towards the wrong things. Source: Money for war, but not for the poor – The Washington Post Continue reading Money for war, but not for the poor – The Washington Post

Explaining the con that is private equity

By Underground | January 7, 2020

Emily Stewart’s private equity explainer for Vox is a great explainer on how the PE con works: buy up businesses, load them with debt, sell off their assets, slash their costs, then walk away as the house burns, leaving society to put out the fire — all while enjoying special tax status … Continue reading Explaining the con that is private equity

Climate Change Stole the Show at the Golden Globes

By Underground | January 6, 2020

The Golden Globes are usually all about who wore what and who did or didn’t get snubbed. Or so it seems. I never watch it. Ha! Perhaps I should’ve this year because something else was front and center: climate change and the Australian bush fires. Good. Source: Climate Change Stole the Show … Continue reading Climate Change Stole the Show at the Golden Globes

$25,000 for a Sore Throat Swab – Health News : NPR

By Underground | December 24, 2019

A New York woman worried that her sore throat might be strep, so she went to the doctor to have it checked out. Then came the bill — with a price tag similar to a small SUV. A throat swab that a doctor billed *over $28K* and the insurance company paid $25K … Continue reading $25,000 for a Sore Throat Swab – Health News : NPR

Trump’s Energy Department Set to Roll Back Lightbulb Standards

By Underground | December 23, 2019

Donald Trump’s administration has turned its malicious gaze towards energy-efficient lightbulb standards originally enacted during the Bush administration and finalized by the Obama administration, NPR reported on Wednesday. LED bulbs are so cheap now because of the regulations phasing out incandescent bulbs and they are so much more energy efficient, it’s downright … Continue reading Trump’s Energy Department Set to Roll Back Lightbulb Standards

What if You Had a Four-Day Week? Why Don’t You? – The New York Times

By Underground | December 17, 2019

People have been predicting a four-day workweek for decades, so what’s taking so long? You don’t have a 4-day work week because corporations would rather squeeze very available minute out of you possible and pass those profits on to their shareholders. Source: What if You Had a Four-Day Week? Why Don’t You? … Continue reading What if You Had a Four-Day Week? Why Don’t You? – The New York Times

Opinion | Why You Shouldn’t Believe Those G.D.P. Numbers – The New York Times

By Underground | December 15, 2019

The statistics keep on rising, but they don’t track the well-being of most Americans. The unemployment figures don’t give an accurate picture either. People are not better off. Source: Opinion | Why You Shouldn’t Believe Those G.D.P. Numbers – The New York Times Continue reading Opinion | Why You Shouldn’t Believe Those G.D.P. Numbers – The New York Times