Trump’s Billionaire Club, Part 1: John Paulson

While Donald Trump was campaigning for president, many prominent Wall Street Republicans refused to publicly support him. One notable exception was John Paulson, the billionaire hedge fund manager famous for making $4 billion by betting that the housing market would collapse in 2007. Paulson is the founder of Paulson & Co., a New York City-based …

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Mapping the players in the Peabody Energy bankruptcy

Peabody Energy – the world’s largest private sector coal corporation – filed for bankruptcy in April, the latest in a series of major coal company collapses. As Peabody’s bankruptcy hearings unfold, there is growing concern amongst environmental, labor, and indigenous justice groups that the company will use the bankruptcy process to pay back their big …

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Republican or Democrat? Both parties’ convention host committees represent the 1%

The host committees for both the Republican and Democratic national conventions are composed of wealthy officials who spend their day-to-day lives representing the interests of health insurers, fracking companies, banks and other large corporations. Host committees are comprised of locals picked by party elites to represent the cities hosting each convention. This year’s Democratic National …

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