Not even Teddy Roosevelt could break up his corrupt oil monopoly—until a daughter of the Pennsylvania oil fields came along.
Money, Politics & Power
Posted inMoney, Politics, and Power
The Kleptocrat Nesting Dolls Behind Trump’s Potemkin Gas Stations
How can Freedom Fuel afford to sell gas for $3.47 a gallon? That’s the wrong question to ask.
Posted inMoney, Politics, and Power
Top Defense Official Could Reap Windfall From DOD Settlement
Stephen Feinberg founded private equity giant Cerberus. A Cerberus-owned firm is poised to settle one of the largest government lawsuits ever—against the very agency Feinberg now helps lead.
Posted inMoney, Politics, and Power
Challenge to Paramount–Warner Bros. Merger Focuses on Theaters, Basic Cable
The lawsuit, filed by 12 states, makes the case that a merged studio will have more leverage to dictate terms to distributors, leading to higher prices for everyone.
Posted inMoney, Politics, and Power
Not All Nepo Babies Are Trumps
DSCC chair’s 22-year-old son strikes it big in pursuit of further gamifying finance.
Posted inMoney, Politics, and Power
The Project Crypto Scheme
Forget deregulatory legislation; the SEC and CFTC are already working diligently to eliminate regulatory oversight of crypto at the behest of their president.
Posted inMoney, Politics, and Power
Who Is Running America’s 250th Anniversary?
The private-private partnership behind the semiquincentennial celebrations.
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The War of Capital
Asset managers, private investment firms, and institutional investors like pension funds have divergent interests, though as the SpaceX IPO reveals, the money power acts in concert.
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The Pro-Israel Super PAC Cinematic Universe
Nine PACs have received money from AIPAC’s United Democracy Project and Democratic Majority for Israel.
Posted inMoney, Politics, and Power
‘Magic Pill’ or Placebo?: Black Politicians and the Crypto Lobby
Young Black congresspeople are winning their seats with support from the crypto industry. But can investing in crypto help close the racial wealth gap?