Profit

Companies Are Making Money From Child Migrant Camp

January 28, 2019 By Jerry Iannelli, Miaminewtimes.com Educate! Detention Centers, Immigration, Migrant Children, Profit

One of the less reported aspects of the United States deportation system is just how profitable it is. Private, for-profit companies and contractors are paid billions to carry out the administration's will. In short: People are getting rich by keeping immigrant kids behind bars. Last year, New Times reported the Trump administration had quietly reopened the Homestead Temporary Shelter for Unaccompanied Children. Since then, the place has filled with as many as 1,300 kids. The feds plan to add 1,000 more by the end of the year, according to the Associated Press. That's obviously bad for the kids.

The United States Of Greed And Bullies

January 15, 2019 Rivera Sun, Dandelionsalad.wordpress.com Educate! Greed, Profit, US Imperialism

A nation built on greed is not a nation; it is just a legal framework for rape and pillage, slavery and exploitation, theft, murder, and genocide. A nation whose primary function is to protect the exclusive right of the rich to engage in those behaviors under other names has no more moral legitimacy than the lawless state that allows common criminals to run wild. Greed by any other name smells just as foul. Greed cloaked in terms of “national security” or “for the good of the economy” is just as detestable as the greed that steals toys from children and purses from old women. Greed is not a founding principle for a long-lasting society. It is the calling card of tyrants.

University Of Glasgow Commits To Pay Reparations For Profiting From African Enslavement, Providing A Model For Others To Follow

January 15, 2019 By David Love, Atlantablackstar.com Create! History, Profit, Reparations, Slavery

Even as those who oppose reparations argue it is unfeasible or too costly, one British university is proving that it is both possible and necessary to make amends for the enslavement and genocide of African people. While the steps made so far may not seem so substantial, this institution could provide a model for others to follow. The University of Glasgow made £200 million ($255 million) from the trans-Atlantic slave trade, according to a comprehensive report, and because of that will make reparations through a “reparative justice program” and establishing ties with the University of the West Indies.

Corporations That Fail To Reduce Carbon Will Face Stock Depreciation & Devaluation

November 16, 2018 Staff, Sciencedaily.com Educate! Corporations, emission, Profit

The researchers further determined that the failure of companies within the emission-intensive sector to take carbon reduction actions could start negatively impacting the general stock market in as little as 10 years' time. "Over the long-term, companies from the carbon-intensive sectors that fail to take proper recognizable emission abatements may be expected to experience fundamental devaluations in their stocks when the climate change risk gets priced correctly by the market," said lead author Mingyu Fang, a PhD candidate in Waterloo's Department of Statistics & Actuarial Science. "More specifically for the traditional energy sector, such devaluation will likely start from their oil reserves being stranded by stricter environmental regulations as part of a sustainable, global effort to mitigate the effects caused by climate change.

Why “Good Liberals” Won’t Save The Climate

October 26, 2018 By Scott Parkin, Counterpunch.org Strategize! Climate Change, Liberals, Profit

We’ve known for a long time not to believe the false rhetoric of “good liberals” like Barack Obama, Hillary Clinton and Jerry Brown. In rare moments, we’re able to draw a stark contrast between them telling us that they “feel our pain” and the harsh reality their policies have on our communities. Last month, in downtown San Francisco, California Gov. Jerry Brown attempted define his legacy of “real climate leadership” with the Global Climate Action Summit (GCAS). With GCAS, Brown provided an opportunity for governors, mayors, corporate lobbyists and the environmental non-profit industrial complex to network, hobnob and announce major initiatives for climate action.

Medicare For All Should Be Free Of Profit Takers

October 5, 2018 Kay Tillow, Healthoverprofit.org Resist! Health Care, Medicare, Profit

It’s the best of times and the worst of times for the advocates of national single payer health care in the United States. So good because the vast majority in the US have embraced the concept of improving Medicare and expanding it to the entire population. So bad because corrupting influences threaten to steal the goal before we can get there. Let’s take just one issue—for-profit hospitals, nursing homes, and other health care institutions. Shall we allow the profit takers to remain in the new system, like the flawed Senate Medicare for All bill S 1804, does? Or shall we look at the data, save money while giving superior care, and remove these investor-owned, for-profit institutions from our system?

The Big Business Of Drones, Who Is Profiting?

September 25, 2018 Christian Sorensen, Dissidentvoice.org Educate! Drones, militarism, Profit

Boeing’s main drone division is known as Insitu. It manufactures and assembles its products in Washington and Oregon along the Columbia River. Two of its bestsellers are the Blackjack and the ScanEagle. Boeing sold Blackjack parts worth roughly $9 million to the U.S. Marine Corps in July and again in August, capping off the summer by selling Blackjack drones and equipment worth $53.9 million to Poland. Poland wasn’t the only country that Boeing successfully courted this summer. At the end of June, Boeing sold Lebanon ScanEagle drones worth $8.2 million. This deal included helping set up the equipment and training the Lebanese military on how to operate it. Lebanon is a long-term Boeing customer.

Demonstrators Hold ‘Die-In’ To Protest Sackler Family’s Ties To Harvard Art Museums

July 23, 2018 By Isabelle Agee-Jacobson and Caroline S. Engelmayer, Thecrimson.com Resist! Harvard, Higher Education, Profit, Protests, Ruling Class

Shouting “people over profits” and throwing pill bottles on the floor, more than 30 demonstrators held a “die-in” in Harvard's Arthur M. Sackler Museum Friday to protest its connections to a family they said spurred on the opioid crisis and profited from addiction nationwide. Led by photographer Nan Goldin—whose works are displayed in the museum—protesters demanded Harvard refuse future funding from the Sacklers. They also urged the Sackler family to invest in the overdose reversal drug naloxone, safe injection facilities, and medication that can combat addiction. They charged that the family, which helps lead the multi-billion dollar drug company Purdue Pharmaceuticals, knew the pain relief drug OxyContin was highly addictive but downplayed its dangers when marketing it to doctors.

#AbolishICE: Protesters Call Out ‘Profiteers’ And Localities Working With ICE In Virginia

July 6, 2018 By Anne Meador, Dcmediagroup.us Resist! ICE, Immigration, Profit, Protests, Virginia

About a hundred people protested at the U.S. Immigration and Customs Enforcement (ICE) field office in Fairfax County, Va. today, saying that the agency inflicts violence on immigrant families and communities. They demanded that Members of Congress cut off funding for ICE and U.S. Customs and Border Patrol and revert the money back to their communities. They also accused Delegate Alphonso Lopez, a state elected official, of profiting off of a Virginia detention center and charged that certain Virginia counties were collaborating with ICE in the harassment and incarceration of immigrants. This protest follows many others around the country at ICE facilities. Intense outrage has erupted since it was revealed that children have been ripped from their parents at borders and held separately from them as part of the Trump administration’s “zero tolerance” policy.

Beyond Racism, Immigrant Mass Detention Is All About Profit

June 18, 2018 By Elliott Gabriel, Mintpressnews.com Educate! Detention Centers, Donald Trump, Immigration, Profit

BELLINGHAM, WA – While Donald Trump’s stepped-up repression of unauthorized migrants has been touted as a “get tough” policy meant to stem a flood of “animals” affiliated with transnational criminal groups, his draconian policies remain unlikely to deter desperate asylum-seekers from seeking entry to the United States. Instead, family separations and arbitrary prosecution and incarcerations are upping the scale of trauma suffered by refugees while asylum claims and border-crossings continue to increase. Trump’s “Make America Great” policies may have resulted in misery for thousands of poor migrants, yet the rise in human suffering has resulted in jackpot prizes for some players at the New York Stock Exchange.

‘Peace Is Bad For Business’: War Profiteer Stocks Plummet After Diplomatic Progress With North Korea

June 13, 2018 By Jake Johnson, Commondreams.org Educate! North Korea, Peace, Profit, Wars and Militarism

Last year, investors were drooling over the prospect of all-out war with North Korea, but Tuesday's summit has them worried. American defense contractors were practically drooling over the prospect of all-out war with North Korea as President Donald Trump was recklessly flinging "fire and fury" last year, but Tuesday's summit between Trump and North Korean leader Kim Jong-un appears to have dampened war profiteers' dreams of yet another catastrophic U.S.-led military conflict—at least for now. "If weapons are used they need to be replaced. That makes war a growth story for these stocks. What the agreement does, at least for a while, is take military conflict off the table."

How U.S. Taxpayers Fund The World’s Most Profitable Corporations

May 15, 2018 David DeGraw, Informationclearinghouse.info Educate! Corporations, Profit, Taxes

May 13, 2018 "Information Clearing House" - We were trying to think of an issue that could possibly be more significant than $21 Trillion in taxpayer money disappearing from the Pentagon. While it is very hard to fathom something more significant than $21 Trillion, the only thing we could come up with is the lack of Return on Public Investment that American taxpayers get…As American taxpayers, did you know that we have been major investors in many of the world’s most profitable corporations? Yes, significant Research & Development of technology, done by the Pentagon through our public investment via taxpayer funding, has been handed over to global private corporations and foreign countries, for their profit. Global weapons manufactures, foreign countries and most of Silicon Valley’s largest companies have been gifted trillions of dollars worth of technology, at our expense, for their profit.

Wall Street Admits Curing Diseases Is Bad For Business

April 26, 2018 Lee Camp, Truthdig.com Educate! Health Care, Profit, Wall Street

Goldman Sachs has outdone itself this time. That’s saying a lot for an investment firm that both helped cause and then exploited a global economic meltdown, increasing its own wealth and power while helping to boot millions of Americans out of their homes. But now Goldman Sachs is openly saying in financial reports that curing people of terrible diseases is not good for business. I wish this were a joke. It sounds like a joke. In fact, I’ll show you later that it used to be one of my favorite jokes. But first, the facts. In a recent report, a Goldman analyst asked clients: “Is curing patients a sustainable business model?” Salveen Richter wrote: “The potential to deliver ‘one-shot cures’ is one of the most attractive aspects of gene therapy. … However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies. …

Who Profits From Nuclear Weapons Development?

March 9, 2018 By Maaike Beenes, Dontbankonthebomb.com Resist! Nuclear Weapons, Profit

329 investors made $525 Billion available to nuclear weapon producing companies between January 2014 and October 2017. They assisted with share and bond issuances, owned or managed shares and bonds or outstanding loans or made credit facilities. This is a decrease in the number of investors, but an $81 billion increase in the total amount invested. Find out who invests. Most investors are from the US, and US$110 billion came from just 3 US financial institutions: Blackrock, Vanguard and Capital Group, all from the United States. ICAN executive director Beatrice Fihn: “If you have been wondering who benefits from Donald Trump’s threats of nuclear war, this report has that answer. These are the companies that stand to profit from indiscriminate mass murder of civilians. We grow less safe while they cash in on chaos by banking on Armageddon.”

Corporations Profiting From Water Infrastructure Crisis

February 22, 2018 By Elizabeth Nussbaumer, Foodandwaterwatch.org Educate! Corporations, Crisis, Infrastructure, Profit, Water

Here are some numbers to start. In 2014, 64 percent of bottled water was, essentially, filtered tap water -- up from 51.8 percent in 2009. From 2010 to 2014, total federal funding for public water infrastructure fell from $6.9 billion to around $4.4 billion. In other words: as funding for safe public water fell 37 percent, bottled water companies were able to increase sales of what was basically just tap water under the guise that it was “safer.” Even though the U.S. government requires stricter safety monitoring of tap water than for bottled water. When Congress doesn't fund water infrastructure, Nestlé wins. And this is something they spend millions doing. The International Bottled Water Association, Nestlé Waters NA, Nestlé USA and Coca-Cola lobbied Congress on issues including bottled water, water infrastructure...

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