“These companies took bailout dollars from taxpayers and turned around to lobby against shutoff moratoria proven to save lives.” Over a dozen leading U.S. utility companies took more than a billion dollars of publicly-funded pandemic bailout money while pulling the plug on power to vulnerable households nearly a million times, according to a new report outContinue reading “Utilities Took $1.25 Billion in Pandemic Aid Then Shut Off Power to Households Nearly 1 Million Times: Report”
Tag Archives: Shareholders
Germany: Berlin locals vote to expropriate real estate giants
Berliners cast their referendum votes on whether to nationalize thousands of housing units owned by real estate giants. After counting all votes, over 56% voted in favor of the measure. Voters in the German capital, Berlin, alongside casting ballots for the makeup of the new German parliament and for their local legislature, also took part in aContinue reading “Germany: Berlin locals vote to expropriate real estate giants”
Supermarkets splashed pandemic profits on shareholders, not workers: Report
Oxfam says retailers prioritized dividends and buybacks over better terms for workers and farmers. Major European and American supermarkets lavished their coronavirus-related profits on their shareholders instead of helping their front-line workers and providing better terms to farmers, according to a report on Tuesday from the anti-poverty campaign group Oxfam. Increased supermarket earnings proved oneContinue reading “Supermarkets splashed pandemic profits on shareholders, not workers: Report”
Among the Fray 