Wall Street

Don’t Worry, Wall Street Journal, Health Insurers Are Profitable!

November 3, 2025 John Canham-Clyne, Fairness and Accuracy in Reporting. Educate! Health Care, Health Insurance, Health Insurers, Profiteers, Wall Street

On October 21, Elevance Health (the rebrand of for-profit health insurer Anthem) announced its third quarter results. Operating revenue went up 12% from the same three-month period last year, and profits as measured by normal accounting rules rose 17%. UnitedHealth Group, the nation’s largest insurer, went one better, raising its expectations for how much profit it will make this year, as it eased Wall Street’s worries by increasing the premiums it will charge for coverage in 2026. Please let the anxious folks at the Wall Street Journal know. They’ve been so worried. Over the past year, older Americans, low-income people who enroll in private Medicare and Medicaid insurance plans, and people covered by health insurance purchased from the Affordable Care Act exchanges have been doing something that private insurance companies and their Wall Street investors find disturbing: They’re actually going to the doctor and getting the healthcare they need.

How Libertarian Javier Milei Is Selling Argentina To Wall Street

October 31, 2025 Ben Norton, Geopolitical Economy. Educate! Argentina, Trump Administration, US Debt, Wall Street

The United States is propping up Argentina’s failing libertarian President Javier Milei and his ultra-neoliberal “anarcho-capitalist” experiment with $82 billion in debt. In fact, Trump basically bought Milei a victory in the October 2025 legislative midterm elections with this money. It was a successful US form of election meddling. People in Argentina now say openly that Milei is turning their country into a “colony of the US”. The US empire has clearly ensnared Argentina in a devastating debt trap. Milei has gleefully overseen the abrogation of his nation’s sovereignty, while cynically portraying himself as a “rebel”.

Don’t Let Wall Street Gamble With Your Golden Years

September 25, 2025 Chloe Rogers, Scheer Post. Educate! Economic Security, Retirement, Trump Administration, Wall Street

Your retirement savings are supposed to be the safest money you’ll ever have — not a roll of the dice. The whole point of a 401(k) and other retirement plans is to let you gradually build wealth that brings economic security in your golden years. But private equity firms are itching to lure retirement savers into Wall Street’s casino. Anyone who wants a secure retirement should recall what Las Vegas tourists inevitably learn: the house always wins. Private equity is a business model built on raising money from big, sophisticated institutional investors like pension funds, endowments, and insurance companies — then buying companies to flip them for profit. It works out well for Wall Street executives who pocket enormous fees, but it often leaves companies and workers in ruins.

Wall Street Is Killing The Housing Market

September 6, 2025 Garrett Brand, Inequality.org. Educate! Affordable Housing, Capitalism, Housing, Wall Street

There are few things more important than our homes. Alongside providing our shelter, homes are where we make memories with friends and family — where bonds are formed and strengthened. Unfortunately, the right to a home in America is under threat. Rents have skyrocketed, homelessness is rising, and home ownership is increasingly unattainable for most Americans. There are multiple causes, but one culprit stands out: classic Wall Street greed. Massive private equity corporations and hedge funds are buying up homes by the thousands — houses, apartment buildings, and mobile home parks alike — and then jacking up rents. This trend accelerated after the 2008 financial crisis, when investment firms snatched up homes in foreclosure and began renting them to the growing number of people locked out of ownership.

Corporate Landlords Are Taking Over Society, Making Life Unaffordable

August 11, 2025 Ben Norton, Geopolitical Economy. Resistance Report Banks, Blackstone, Capitalism, China, Economics, Finance and the Economy, GDP, History, Housing, Karl Marx, Neoliberalism, Real Estate, Wall Street

Landlords are taking over society. For many average working people, it has become impossible to buy a house. And the cost of renting housing has become prohibitively expensive. This problem is especially bad in the United States. But it’s not only a problem in the US; it’s a problem in many countries around the world — especially in Western countries in North America and Europe, whose economies have become financialized. In the United States, for instance, the largest landlord is not an individual; it’s a massive Wall Street investment firm: Blackstone, the private equity fund. Blackstone owned more than 300,000 rental housing units in the US as of 2023. The number has only increased since then. Blackstone and other Wall Street investment funds have been gobbling up residential housing. Then they ratchet up the cost of rent, which has fueled homelessness, as many people are being evicted from their homes.

How Wall Street’s Grip On School Finance Deepens Inequality

July 13, 2025 Claire Cahen, Inequality.org. Educate! Budget Cuts, Public Education, Wall Street, wealth inequality

Public school districts are bracing for cuts after the Trump administration’s decision to withhold $6.8 billion of education funding. But the financial squeeze is not new. For years, private finance has quietly shaped public education budgets. Schools have become deeply reliant on Wall Street debt to finance everything from basic infrastructure and classroom upgrades to day-to-day operations. The deeper schools fall into debt, the more they are bound by a set of financial rules that prioritize investors over students and teachers. School districts turn to debt financing when they face costs that their immediate budgets cannot cover.

Wall Street To Insurers: Keep Denying Care

June 8, 2025 Katya Schwenk, The Lever. Educate! Health Insurers, Profits, Shareholders, United Healthcare, Wall Street

A health care industry giant’s Wall Street overlords just admitted that the company’s sky-high health insurance coverage denial rates reaped them enormous profits — and to keep the money flowing, they’re suing to stop the insurer from approving more patient care. UnitedHealth Group has been facing growing discontent from its investors, a battle that — as the corporation faces mounting public scrutiny over its care denials — could shape the future of health insurance for 29 million people. A May 7 lawsuit brought by a small-time investor in UnitedHealth Group is one of the latest chapters in the battle, arguing that the company’s tanking stock performance this spring had cost its investors unfairly.

Wall Street, Zionists, And Ex-CIA Operatives Take Over Gaza Relief

May 21, 2025 Robert Inlakesh, MintPress News. Educate! Famine, Gaza, Humanitarian Aid, Israel, Palestine, Wall Street, Zionists

With over half a million people in Gaza on the brink of starvation and aid groups warning of an “imminent famine,” Israel has agreed to allow a token number of relief trucks into the besieged enclave. But what’s entering Gaza now isn’t humanitarian aid, it’s a Trojan horse. A new, U.S.-backed private aid scheme staffed by former CIA operatives, ex-Marines, and mercenaries tied to Israeli intelligence and Wall Street elites has been deployed in Gaza under the guise of relief. The project is led by a shady NGO registered in Switzerland just months ago, and human rights groups are calling it what it is: a hostile corporate takeover of the aid sector, designed to militarize relief, displace civilians, and profit from Gaza’s agony.

Organizing To Stop Stealth Privatization Of The US Postal Service

March 17, 2025 Margaret Flowers, Clearing the FOG. Podcast - Clearing The FOG Privatization, Trump Administration, US Postal Service, Wall Street

Beginning with the so-called Postal Accountability and Enhancement Act of 2006, which required the postal service to hold billions of dollars in reserve to fund retirement benefits for workers who have not yet been born, and then the sell-off of post offices, cuts to the workforce and price hikes, the ground for privatization of the US Postal Service, as was done in Canada and the United Kingdom, has been laid. Clearing the FOG speaks with Annie Norman, a leader of the Save the Post Office Coalition, about the current effort to begin privatizing the postal service in incremental steps. Norman also discusses the upcoming national days of action to protect our post offices and the People's Postal Agenda, a program to strengthen the postal service and add more services for people.

Wall Street Bankers Salivate Over Postal Privatization

March 13, 2025 Vishal Shankar, Revolving Door Project. Educate! Louis DeJoy, Privatization, United States Postal Service, Wall Street, Wells Fargo

At a Morgan Stanley conference last week, Elon Musk told attendees the federal government should privatize “as much as possible” – and singled out the U.S. Postal Service as a top target. Musk’s comments are the latest in an alarming push from Trump’s team to strip-mine America’s oldest and second-most popular agency (USPS narrowly trails the National Parks Service, another victim of Musk’s austerity chainsaw). Trump – who has long feuded with the Postal Service over mail-in balloting – stated in December he was “looking at” privatizing USPS.

Trump Helps BlackRock Buy Panama Canal Ports To Weaken China

March 6, 2025 Ben Norton, Geopolitical Economy. Resistance Report Belt and Road Initiative, BitCoin, BlackRock, China, Donald Trump, Elon Musk, G7, Marco Rubio, Monroe Doctrine, Panama, Panama Canal, Wall Street

The Donald Trump administration has made it clear that the top two priorities of the US government are to weaken China and to strengthen Wall Street. The small Central American nation of Panama has found itself at the center of Trump’s strategy. In his inauguration speech on January 20, the US president falsely claimed that “China is operating the [Panama] canal”, and he insisted “we’re taking it back”. In a press conference two weeks before, Trump implied that he was willing to use military force to take over the canal if Panama refused to give the United States effective control.

How The Chinese Beat Trump And OpenAI

January 27, 2025 Moon Of Alabama. Educate! Artificial Intelligence, Big Tech, China, Donald Trump, OpenAI, Wall Street

The hype around Artificial Intelligence, the now failed U.S. attempt to monopolize it, and the recent counter from China are a lesson in how to innovate. They also show that the U.S. is losing the capability to do so. In mid 2023, when the Artificial Intelligence hype gained headlines, I wrote: 'Artificial Intelligence' Is (Mostly) Glorified Pattern Recognition Currently there is some hype about a family of large language models like ChatGPT. The program reads natural language input and processes it into some related natural language content output. That is not new. The first Artificial Linguistic Internet Computer Entity (Alice) was developed by Joseph Weizenbaum at MIT in the early 1960s. I had funny chats with ELIZA in the 1980s on a mainframe terminal. ChatGPT is a bit niftier and its iterative results, i.e. the 'conversations' it creates, may well astonish some people. But the hype around it is unwarranted.

Beating Wall Street at Its Own Game: The Bank of North Dakota Model

January 13, 2025 Ellen Brown. Create! Banks, North Dakota, Public Banks, Wall Street

North Dakota is staunchly conservative, having voted Republican in every presidential election since Lyndon Johnson in 1964. So how is it that the state boasts the only state-owned bank in the nation? Has it secretly gone socialist? No. The Bank of North Dakota (BND) operates on the same principles as any capitalist bank, except that its profits and benefits serve the North Dakota public rather than private investors and executives. The BND provides a unique, innovative model, in which public ownership is leveraged to enhance the workings of the private sector.

How A US President And JP Morgan Made Panama

December 28, 2024 Ed Vulliamy, Portside. Educate! History, JP Morgan, Panama, Tax Haven, US Imperialism, Wall Street

This goes back a long way. The Panamanian state was originally created to function on behalf of the rich and self-seeking of this world – or rather their antecedents in America – when the 20th century was barely born. Panama was created by the United States for purely selfish commercial reasons, right on that historical hinge between the imminent demise of Britain as the great global empire, and the rise of the new American imperium. The writer Ken Silverstein put it with estimable simplicity in an article for Vice magazine two years ago: “In 1903, the administration of Theodore Roosevelt created the country after bullying Colombia into handing over what was then the province of Panama.

Billionaire Vivek Ramaswamy Is A Wall Street Speculator

December 28, 2024 Ben Norton, Geopolitical Economy. Educate! Billionaires, DOGE, Donald Trump, Elon Musk, Finance and the Economy, JD Vance, Vivek Ramaswamy, Wall Street

Vivek Ramaswamy is the billionaire Republican politician and failed presidential candidate whom Donald Trump appointed to lead the so-called “Department of Government Efficiency” (DOGE), alongside co-chair Elon Musk, the richest oligarch on Earth (who brands himself a libertarian anti-government crusader, while his companies receive billions in US government subsidies). Ramaswamy sparked something of a civil war among US conservatives with a puerile Twitter post lamenting how US popular culture upholds jocks over nerds.

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