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Wall Street Journal

WSJ Celebrates Making It Harder For Poor People To Access Food

After holding the economy hostage for months, some Republicans are going through a bit of a depressive slump. “We got rolled,” is how one Republican congressmember (Roll Call, 6/6/23) described the outcome of the debt ceiling negotiations. “It was a bad deal.” But don’t cry too much, guys! The Wall Street Journal is here to cheer you up, and remind you that, though you didn’t get all the austerity you wanted, you did get to hurt the poor a bit. Maybe not as much as you wanted, but life’s not always fair, is it? As the Journal’s editorial board (5/30/23) recently wrote: “One reason the deal is worth passing: The provisions on work and welfare are incremental progress the GOP can build on.”

After 400 Years, It’s Time To Take Down The Monumental Insult

I am sending a gift, a box of “Indian corn,” to the Wall Street Journal editorial board as a reminder of what really happened in colonial North America and is commemorated by the U.S. Thanksgiving holiday. On this 400th anniversary of what we believe to be the first Thanksgiving, the Wall Street Journal is poised to print its insulting Pilgrim Journal version of early colonial history for the 60th time. Not only is the account suffused with the racist sentiment, but it is also factually incorrect to a grotesque degree. The newspaper is impugning its own credibility and not just its core values. In 2020, I wrote to the Wall Street Journal imploring them to retire the editorial and was ignored. This year I organized a Change.org petition to remove the offending commentary.

Diversity Revolt At The Wall Street Journal

By Nathan McAlone for Business Insider - Reporters and editors at The Wall Street Journal have signed a letter to management expressing concern about the roles of women and people of color in the newsroom. "Diversity in the newsroom is good for business and good for our coverage," says the letter, which was obtained by Business Insider. "We would like to see The Journal undertake a more comprehensive, intentional and transparent approach to improving it." The letter comes at a time of dissent at The Journal, when leadership has been internally criticized for being soft on President Donald Trump, and over a year after the employees' union published details of pay disparities in the newsroom.

Protesters Slam Wall Street Elites: Profit Off ‘Misery Of Workers’

A union-supported activist group known as the Hedge Clippers disrupted a hedge fund conference in Manhattan on Monday to call out financial investors they say support poverty wages. The Hedge Clippers describe themselves as "working to expose the mechanisms hedge funds and billionaires use to influence government and politics in order to expand their wealth, influence and power." Roughly 20 protesters entered the main room of the Active-Passive Investor Summit, where a panel on shareholder activists was taking place, and marched in front of the stage for about 20 minutes, chanting, "Hedge fund billionaires, pay your fair share!" "Bill Ackman, show me $15!" the protesters shouted, referring to the billionaire founder and CEO of Pershing Square Capital, who was not present during the panel.

The Wall Street Journal: The Funny Papers Of Modern Journalism

Funny, in a sad sort of way. The Wall Street Journal (WSJ) gets respect from the mainstream because it speaks for the money interests. To many of those outside its golden circle, the commentary of its writers is generally suspect, occasionally frightening, and often unintentionally humorous. Delusion: Middle-class Americans have more buying power than ever before. WSJ compares the present day to the 1950s, ignoring changes in education costs, health care expenses, debt repayment and financial fees. The Journal built on the delusion by printing the insensitive headline What Recession? and by counseling its readers, Don't be alarmedby high rates of "economic insecurity." The Journal's "prosperity for all" fantasy includes their assurance that cutbacks in food stamps don't hurt children, even though in real life almost half of food stamp recipients are children. Denial: We shouldn’t be building windmills and all that rubbish. That comes from WSJ boss Rupert Murdoch, who continued as if only rich people matter: "The Maldives might disappear...we just have to stop building vast houses on seashores."
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