Biden And Trump Help Wall Street Prey On Your Retirement

Thanks to Trump’s giveaways and Biden’s reticence, private equity is coming for your 401(k) savings.

The Lever
Gannett’s ‘AI’ Scandals Result In Closure Of Wirecutter-esque Review Website, Layoffs

You might recall how Gannett, which owns USAToday (and probably the half-assed remains of whatever’s left of your town’s local newspaper), spent much of last year mired in a major &#822…

Techdirt

'Life and Death' for Pets: Elizabeth Warren Targets Firm Buying Veterinary Offices

https://www.rollingstone.com/politics/politics-news/elizabeth-warren-targets-private-equity-firm-veterinary-offices-1235075465/

Elizabeth Warren says private equity takeovers of veterinary practices are harming “veterinarians and customers alike.”

#StopPrivateEquity #CapitalismKills

‘Life and Death’ for Pets: Elizabeth Warren Targets Firm Buying Veterinary Offices

Elizabeth Warren says private equity takeovers of veterinary practices are harming “veterinarians and customers alike.”

Rolling Stone

Dogged By ‘AI’ ClickBait Scandals, CNET (Once Valued At $1.8 Billion) Sold For $100 Million | Techdirt

https://www.techdirt.com/2024/08/06/dogged-by-ai-clickbait-scandals-cnet-once-valued-at-1-8-billion-sold-for-100-million/

#StopPrivateEquity #CapitalismKills

Dogged By ‘AI’ ClickBait Scandals, CNET (Once Valued At $1.8 Billion) Sold For $100 Million

It hasn’t been a fun few years for once-respected tech news outfit CNET. After being purchased by private equity backed marketing firm Red Ventures in 2020, the company has been in a downward…

Techdirt

White private equity buys a hospital, assets shrink, new research finds - The Washington Post

https://www.washingtonpost.com/business/2024/07/30/hospitals-private-equity-study-/

#StopPrivateEquity #CapitalismKills

When private equity buys a hospital, assets shrink, new research finds

In buying up U.S. hospitals, private equity firms often say they are providing capital to improve patient care. A new study concludes that the opposite is true.

The Washington Post
‘This breaks my heart’: Over half of Everett Herald news staff laid off | HeraldNet.com

A dozen journalists were handed walking papers Wednesday, in a wave of layoffs mandated by new owners, Carpenter Media Group.

HeraldNet.com

The State of the Music Industry Is So Grim, Even Taylor Swift (Probably) Can't Save It | The Mary Sue

https://www.themarysue.com/the-state-of-the-music-industry-is-so-grim-even-taylor-swift-probably-cant-save-it/

#StopPrivateEquity

The State of the Music Industry Is So Grim, Even Taylor Swift (Probably) Can't Save It

How can the next Taylor Swift get their foot in the door when the industry is unwilling to invest in new ideas or talent?

The Mary Sue
Uber for nurses? US health workers turn to gig work | Context

Uber-style gig platforms promise U.S. nurses good wages and flexibility - but workers warn against labor abuse and shoddy patient care

Private equity plunderers want to buy Simon & Schuster - by Cory Doctorow @pluralistic

https://pluralistic.net/2023/08/08/vampire-capitalism/#kkr

#VampireCapitalism #StopPrivateEquity

Pluralistic: Private equity plunderers want to buy Simon & Schuster (08 August 2023) – Pluralistic: Daily links from Cory Doctorow