Showing posts with label greed. Show all posts
Showing posts with label greed. Show all posts

Monday, April 6, 2026

The Trump presidential library would be a giant tower of grift; The Washington Post, April 3, 2026

 , The Washington Post; The Trump presidential library would be a giant tower of grift

 "But the unknown funding and revenue questions raised by this structure are deeply serious. By the time of the Obama administration, about 95 percent of the presidential records were digital, meaning they didn’t require huge amounts of storage space. So, what will fill those 50 floors of space?

Will they be monetized, as apartments or offices? And if so, who will profit from them?

Despite numerous efforts by Congress to establish ethics guidelines and bring transparency to the fundraising for presidential centers, these institutions are still allowed to seek unlimited private donations without disclosing their donors.

Will the Trump library be some kind of hybrid nonprofit foundation, built with gifts solicited from private donors including, perhaps, foreign governments — yet also a for-profit real estate development that enriches Trump personally?

The great modernist architect Le Corbusier once said that a house is a machine for living. Libraries and museums might be thought of as machines for learning. The Trump presidential center appears intended to be a machine for emoluments, with one of the biggest emoluments in the history of America sitting in a giant hall at its base."

Sunday, March 15, 2026

AI is dressing up greed as progress on creative rights; Financial Times, March 14, 2026

 , Financial Times; AI is dressing up greed as progress on creative rights

"At this week’s London Book Fair, a lot of people were walking around with one particular title wedged under their arms. Called Don’t Steal This Book, its pages are empty apart from the names of thousands of authors, including Kazuo Ishiguro and Richard Osman. It’s a chilling protest against the rampant theft of creative work by tech firms, which could leave future artists unable to earn a living."

Monday, September 15, 2025

‘We’re in big trouble’: pope concerned at Elon Musk’s trillion-dollar proposed pay; The Guardian, September 15, 2025

 , The Guardian ; ‘We’re in big trouble’: pope concerned at Elon Musk’s trillion-dollar proposed pay


[Kip Currier: Kudos to Pope Leo for speaking to the issue of ever-widening income gaps between the super rich and everyone else, especially billions of fellow human beings who are economically impoverished and in dire need of basic survival necessities, like food, water, shelter, and healthcare.

With massive levels of human need and suffering in this world, to even consider compensating one of the world's very richest persons (the distinction of richest person on Earth recently went to Oracle's Larry Ellison on September 10, 2025 before Musk reclaimed the title) with a trillion-dollar pay package smacks of abject ethical bankruptcy.

The proposal is even more galling when one considers the past year's Trump 2.0 Musk-supported DOGE-slashing of U.S. governmental services that address food scarcity, healthcare needs, and countless programs that benefit and provide safety nets for vulnerable populations, like the elderly, disabled persons, and veterans.]


[Excerpt]

"Pope Leo said “we’re in big trouble” when it comes to the ever-widening pay gap between the rich and poor, citing Elon Musk, who may be on course to become the world’s first trillionaire.

Leo made the remarks while criticising executive pay packages during his first interview with the media.

Reflecting on why the world was so polarised, he said one significant factor was the “continuously wider gap between the income levels of the working class and the money that the wealthiest receive”.

“CEOs that 60 years ago might have been making four to six times more than what the workers are receiving … 600 times more [now],” the pontiff said in excerpts of the interview conducted by Elise Ann Allen, a senior correspondent with the Catholic newspaper Crux as part of a forthcoming biography.

“Yesterday [there was] the news that Elon Musk is going to be the first trillionaire in the world. What does that mean and what’s that about? If that is the only thing that has value any more, then we’re in big trouble.”

Earlier this month, the board of the electric car maker Tesla said it had proposed a new trillion-dollar pay package for Musk, its chief executive and largest shareholder, if he hit targets set by the company."

Saturday, August 23, 2025

Trump Tries to Grab Solid Gold World Cup for Blinged-Up Oval Office; The Daily Beast, August 22, 2025

  , The Daily Beast; Trump Tries to Grab Solid Gold World Cup for Blinged-Up Oval Office


[Kip Currier: How many people think this is normal behavior? 

Would you approve of or admire this kind of behavior in your family members, friends, colleagues, or employees?]


[Excerpt]

"Trump, 79, could not resist asking to keep the FIFA World Cup trophy after it was displayed in his office on Friday, but FIFA President Gianni Infantino politely informed him that it was not his to take."

Wednesday, July 2, 2025

ESSAY: Billionaire do-gooding is out. Naked oligarchy is in; The Ink, July 2, 2025

 ANAND GIRIDHARADAS, The Ink; ESSAY: Billionaire do-gooding is out. Naked oligarchy is in

 "No one was ever going to announce that the era of performative elite do-gooding had ceded to the era of naked oligarchy. But this week three events made that eclipse clear.

The first was the multi-billionaire Jeff Bezos’s wedding, in Venice, to Lauren Sánchez, who would surely float if she fell into a canal. As celebrities poured into a city already strained by tourism, and the happy couple was photographed frolicking in a literal foam party aboard a yacht, there was an almost refreshing, well, nakedness to the avarice, to the carelessness, to the not-giving of civic fucks. There was a reminder of the omnipotence and the utter loneliness at the commanding heights: you can get anyone you want to your wedding, and the people you want are the people you’d invite if you told your assistant to run to the dentist’s office, pick up People magazine, write down names in it, and invite them. These are people who have everything, and who don’t have the thing everybody else does.

The second was the inevitable announcement by multi-billionaire Mark Zuckerberg’s charitable foundation, run with his wife, Priscilla Chan, that it is no longer focused on ending all the diseases, as it once promised. Rather, in the Trump era, it is focused on things that would not be any trouble to Trump. “Can we cure all diseases in our children’s lifetime?” read a screen behind the couple at a rehearsal in 2016. The answer turns out to be: No. The Washington Post, owned by the oligarch in the above item, nonetheless rightly warned, in the Zuckerberg-Chan case, of “the risks for communities reliant on wealthy private donors.”

The third event was the passage today of Donald Trump’s and the Republicans’ budget, a document of searing meanness that former Labor Secretary Robert Reich calls the “Worst Bill in History” — a “giant budget-busting, Medicaid-shattering, shafting-the-poor-and-working-class, making-the-rich-even richer bill.” Like the Bezos wedding and the Zuckerberg-Chan pivot, the bill had one refreshing quality, though. It made zero effort to mask its ugliness. It said the cruel part out loud.

There is a nakedness to our oligarchy now, and it is pruny as hell. But at least there is this: As far as I can tell, the era of highly performative elite do-gooding is passing."

Sunday, April 27, 2025

Tyrants like Trump always fall – and we can already predict how he will be dethroned; The Guardian, April 27, 2025

   , The Guardian; Tyrants like Trump always fall – and we can already predict how he will be dethroned

"Tyrants come to a sticky end, or so history suggests. Richard III and Coriolanus made bloody exits. More recently, Saddam Hussein went to the gallows, Slobodan Milosevic went to jail, Bashar al-Assad went into exile. Libya’s Muammar Gaddafi was run to ground in a sewer. Tyranny, from the Greek túrannos (“absolute ruler”), is typically fuelled by hubris and leads ineluctably to nemesis. Tyrants are for toppling. Their downfall is a saving grace...

This fight has moral and ethical aspects, too – and, given this is the US, prayer is a powerful weapon in the hands of those who would slay evil-doers. Of the seven deadly sins – vainglory or pride, greed or covetousness, lust, envy, gluttony, wrath, sloth – Trump is comprehensively, mortally guilty. In Isaiah (13,11), the Lord gives fair warning: “I will put an end to the pride of the arrogant and humiliate the insolence of tyrants.” God knows, maybe he’ll listen. Miracles do happen.

Of all the tools in the tyrant-toppling toolbox, none are so potentially decisive as those supplied by Trump’s own stupidity. Most people understand how worthless a surrender monkey “peace deal” is that rewards Putin and betrays Ukraine. Does Trump seriously believe his support for mass murder in Gaza, threats to attack Iran and reckless bombing of Yemenwill end the Middle East conflict and win him a Nobel peace prize?

By almost every measure, Trump’s chaotic global tariff war is hurting American consumers, damaging businesses and reducing US influence. It’s a boon to China and an attack on longtime allies and trading partners such as Britain. Trump’s big tech boosters know this to be so, as do many Republicans. But they dare not speak truth to power.

And then there’s his greed – the blatant, shameless money-grubbing that has already brought accusations of insider trading, oligarchic kleptocracy, and myriad conflicts of interest unpoliced by the 17 government oversight watchdogs Trump capriciously fired. His relatives and businesses are again pursuing foreign sweetheart deals. Corruption on this scale cannot pass unchallenged indefinitely. Avarice alone may be Trump’s undoing.

All this points to one conclusion: as a tyrant, let alone as president, Trump is actually pretty useless – and as his failures, frustrations and fantasies multiply, he will grow ever more dangerously unstable. Trump’s biggest enemy is Trump. Those who would save the US and themselves – at home and abroad – must employ all democratic means to contain, deter, defang and depose him. But right now, the best, brightest hope is that, drowning in hubris, Trump will destroy himself."

Wednesday, April 16, 2025

Biglaw Is Under Attack. Here’s What The Firms Are Doing About It.; Above The Law, April 4, 2025

 Kathryn Rubino , Above The Law; Biglaw Is Under Attack. Here’s What The Firms Are Doing About It. Introducing the Biglaw Spine Index.

"The President of the United States is using the might and power of the office to attack Biglaw firms and the rule of law. It’s pretty chilling stuff that is clearly designed to break major law firms and have them bend a knee to Trump or extract a tremendous financial penalty. This is an assault not just on the firms in the crosshairs, but on the very rule of law that is the backbone of our nation, without which there’s little to check abuses of power

But in the face of financial harm, too many firms are willing to proactively seek out Trump’s seal of approval and provide pro bono payola, that is, free legal services on behalf of conservative clients or causes in order to avoid Trumpian retribution. So we here at Above the Law have decided to track what exact Biglaw firms are doing in response to the bombardment on Biglaw and the legal system. Some have struck a deal with Trump, some are fighting in court, some have signed an amicus brief in the Perkins Coie case, but the overwhelming majority have stayed silent. 

Introducing the Biglaw Spine Index. Every firm in the Am Law 200 (based on the 2024 ranking, which is the most readily available one as of this publication) is listed with what they’re doing — or not — in the face of Trump’s attack on Biglaw. We’ve included each firm’s gross revenue and profits per equity partner, which we think highlights the greed involved."

Thursday, September 22, 2016

Members Of Congress Rip Into Mylan CEO; Huffington Post, 9/21/16

Lauren Weber, Huffington Post; Members Of Congress Rip Into Mylan CEO:
"“To have companies like yours take advantage of the situation, take advantage of these people who are really in need of this medication, I think it speaks to something that we are better than that,” Rep. Lacy Clay (D-Mo.) said. “How did we get to this point that we have a culture like this in corporate America that wants to stick it to consumers?”...
Cummings emphasized his disgust that pharmaceutical companies would continue to ratchet up drug prices for life-saving medication and said he hoped Bresch would apologize. She did not.
“After Mylan takes our punches, they’ll fly back to their mansions in their private jets and laugh all the way to the bank while our constituents suffer, file for bankruptcy, and watch their children get sicker and die,” Cummings said. “It’s time for Congress to act.”"