The Lie That’s Inflating Your Credit Card Bills
Credit card companies doubled interest rates on the false claim of inflated financial risk — and now to fight new late-fee rules, they’re threatening to raise them even higher.
Business
Critical coverage on the global financial system and domestic policies that shape the U.S. economy, with a focus on corporate wrongdoing.
The Plutocrats’ Plot To Control America
Under the banner of voting reform, a tycoon’s plan could give the rich even more power to buy elections.
YOU LOVE TO SEE IT: States Depoliticize Utility Bills
Plus, Oregon aims to limit corporate takeover of medical clinics, federal regulators investigate private use of corporate aircrafts, and more student debt relief is on the way.
The Fed Is Behind The Credit Card Merger
If Capital One is allowed to acquire Discover, it’ll gain access to a government loophole allowing it to raise prices and reduce competition.
Elon Musk Flees To Billionaires’ New Court
Burned by legal decisions, Elon Musk is relocating his rocket company to Texas — where he’ll enjoy a new, separate justice system controlled by his ally, Gov. Greg Abbott.
YOU LOVE TO SEE IT: Mega-Merger (Potentially) Blocked On Aisle Five
Plus, consumers could be protected from insurer meltdowns, dueling communities reach rare agreement over water rights, and rural America scores access to clean water.
Americans Paid $11 Billion To Make Drugs You Can’t Afford
A bombshell report reveals that taxpayers spent billions developing medicines that drugmakers say shouldn’t face Medicare price negotiations.
Wall Street Wants To Keep Your Drug Prices High
The government is finally attempting to regulate overpriced drugs, but venture capital firms don’t want to lose their lucrative hold on life-saving pharmaceuticals.
Battle Of The Hollywood Censors
While politicians, military brass, and Chinese officials jockey to control the content of Hollywood blockbusters, experts say no one is looking out for the filmmakers themselves.
Wall Street’s New Prison Scam
As states crack down on prison-phone price gouging and resulting government kickbacks, telecom companies and their private equity backers have new ways to game the system.