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#hedgefunds

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"Stripped for Parts: American Journalism on the Brink" is the story of a secretive hedge fund plundering America’s newspapers, and the journalists who are fighting back.

Join our free Zoom screening followed by a discussion with Director Rick Goldsmith: March 29 at 8 pm ET

tiny.cc/screening329

MobilizeSCREENING: "Stripped for Parts: American Journalism on the Brink" + Director Rick Goldsmith · The Media and Democracy ProjectWorried about the media diets of your fellow Americans, the loss of local journalism jobs - and the impact of this on our democracy? Join our Zoom screening of "Stripped for Parts: American Journalism on the Brink" followed by discussion with Director Rick Goldsmith. Stripped for Parts is the story of a secretive hedge fund that is plundering what is left of America’s newspapers, and the journalists who are fighting back. Hedge fund Alden Global Capital is quietly gobbling up newspapers across the country and gutting them, but no one knows why– until journalist Julie Reynolds begins to investigate. Her findings trigger rebellions across the country by journalists working at Alden-owned newspapers. Backed by the NewsGuild union, the newsmen and women go toe-to-toe with their “vulture capitalist” owners in a battle to save and rebuild local journalism in America. Who will control the future of America’s news ecosystem: Wall Street billionaires concerned only with profit, or those who see journalism as an essential public service, the lifeblood of our democracy? Trailer: https://vimeo.com/923029964 This film is NOT available on streaming platforms. This is a unique opportunity to watch via Zoom with Director Q&A - and be empowered with *ACTIONS YOU CAN TAKE* to fight for local journalism! Rick Goldsmith is a Peabody award winner and an Academy Award-nominee. More here: https://strippedforpartsfilm.com/the-filmmaker/

“Billionaire investor warns of threat to democracy”.

🧐

For hedge fund read ‘institutional gambling at horrific scale’.

They don’t care which way they bet as long as it makes money.

Nothing makes money like a crisis, especially if you made a good bet.

So, is this a warning or an advertisement?

#finance #HedgeFunds #democracy

bbc.com/news/articles/c4gqgg4z

www.bbc.comBillionaire investor Ray Dalio warns of threat to democracyRay Dalio says he thinks the probability of civil war in the US is "low but cannot be dismissed".

“Labour’s cabinet has taken over half a million in donations from private healthcare lobbyists”

by Hannah Sharland in The Canary @thecanary @UKLabour

“In a damning new exposé, Canary columnist Dr Julia Grace Patterson’s advocacy group EveryDoctor has revealed the staggering scale of donations from those with vested interests in NHS privatisation.”

thecanary.co/uk/analysis/2024/

Canary · Labour's cabinet has taken over half a million in donations from private healthcare lobbyistsCanary columnist Dr Julia Grace Patterson's NHS advocacy group EveryDoctor reveals the extent of Labour's donations from private healthcare

"The #Biden administration plans to stop businesses & #wealthy individuals from manipulating the value of assets in #arcane ways such as using the same assets over & over again to lower their #taxes.

High-end business partnerships like #HedgeFunds and wealthy individuals such as #RealEstate investors have inappropriately used labyrinthine structures to shield tens of billions of dollars from #taxation"

washingtonpost.com/business/20

Oh dear.... this year short-sellers, primarily #hedgefunds have lost around $6bn betting against the revival of #cruise lines & #holiday firms - ha ha ha.

But, perhaps more seriously this suggests that despite the #costoflivingcrisis & the #climatecrisis the human race is still prepared to holiday while the planet burns... and the firms who deliver these services are continuing to prosper.

At some point we will realise what having a nice break is doing to the planet.... but too late?

Continued thread

Paraphrased: "If it's not useful and #accessible to the #poor and #disabled, it's neither #radical nor #revolutionary"

The U.S., and most of the "West" / #GlobalNorth, no longer has a radical or revolutionary mindset.

Neither #VentureCapital nor #HedgeFunds have or can deliver bold, #innovative results, only #vampiric variations on what exists.

Until that #paradigm is demolished, we can't hope to build the new #world we all desperately need.

#ReimagineEverything

youtu.be/5Mn5jNx4dbc