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It appears that Senator Elizabeth Warren was spot on in her assessment of the lack of a backbone for Federal Reserve Chairman Jerome Powell when it comes to raising capital requirements on the powerful megabanks on Wall Street.

Powell doesn’t lack backbone. The private banking cartel largely runs the Fed, and he’s their elected capo. The Fed is a racket.

I’m no expert on the Foreign Agents Registration Act, but the revisions to it seem to have removed “political propaganda” from it, such that it is focused on “lobbying,” so on first blush the executive branch seems to be on shaky legal ground. BlueAnoners will eat this up, though.

inb4 mbfc

There will always be some ineradicable incentive for unions to do things that benefit their own members even if they do some vague harm to society at large. Corporations will always try to exploit this incentive for their own benefit. It is easy to say in an abstract sense “Unions shouldn’t give in to that,” but in the real world, it is not easy at all. Should the United Mine Workers demand that coal mines shut down, because of the environment? Should the Machinists union tell Boeing to shut its factories where its members manufacture weapons that are used to blow up poor people on the other side of the world? Etc. Antitrust issues can sometimes be seen as just another big picture dilemma that does nothing to help working people put food on the table right now.

In lieu of solving this timeless tension in today’s little blog post, let’s think about the more modest goal of how antitrust and organized labor can work together more effectively. First, we all have to realize that we’re all part of one holistic policy goal. We think that allowing corporations to proceed unchecked down the road to ultimate power is a bad idea. It is bad for workers, who will be crushed, and it is bad for governments, who will be co-opted, and it is bad for all citizens, who will suffer as corporate power sweeps away regulations and rearranges all of society to benefit shareholders at the expense of everything else, like AI gone awry. Organized labor should make it a point to use its own political capital—a very real weapon, if Kamala Harris wins the White House—to support antitrust efforts and protect its enforcers. And the antitrust world should correspondingly recognize the fact that simply limiting corporate power by fighting monopolies will never be enough; unless there are unions inside of the companies to constantly exercise power on behalf of the workers, there is no actual institution that will be carrying on the fight to prevent companies from just proceeding right back down the same harmful monopolistic path over and over again. We’re peas in a pod here. Don’t want huge companies and their idiot billionaire bosses to run the world? Break them up, and unionize them. It’s the best program we have.

https://beta.maps.apple.com/

It doesn’t seem to support Firefox or mobile browsers, at least not.

Maps on the web is compatible with these web browsers

On your Mac or iPad

• Safari
• Edge
• Chrome

On your Windows PC

• Edge
• Chrome

https://beta.maps.apple.com/

It doesn’t seem to support Firefox, or not yet at least.
Maps on the web is compatible with these web browsers

On your Mac or iPad

• Safari
• Edge
• Chrome

On your Windows PC

• Edge
• Chrome

xyz

In the confidential assessments, the Office of the Comptroller of the Currency said 11 of the 22 large banks it supervises have “insufficient” or “weak” management of so-called operational risk, said the people, who asked not to be identified because the information isn’t public.

That contributed to about one-third of the banks rating three or worse on a five-point scale for their overall management, the people said. The scores are the latest sign that US regulators are concerned about the level of risk at the country’s largest banks in wake of a series of failures last year.

Operational risk is one of the categories by which regulators evaluate overall risk at the banks they oversee. Each bank’s individual ratings are closely held, but regulators sometimes use aggregate data on banks’ grades to highlight areas of concern in discussions with other agencies and the industry.

• Friedrich Engels
• Che Guevara
• Robert Owen
• Mao Zedong
• Peter Kropotkin