In this week's newsletter, our KJ Boyle highlights some of our latest research:
Revolvers fighting the FTC's non-competes, retrospectives of Trump's executive branch, Supreme Court amici filers, and more!
therevolvingdoorproject.org/rdp-work-rou...
0 replies
0 reposts
0 likes
Voters are tired of high prices. Price fixing from oil execs and algorithms are only making matters worse.
That's why Biden and Congressional Dems need an Anti-Price-Fixing Division to prove which party is really working to lower prices for consumers.
0 replies
0 reposts
1 likes
NEW: @coldchrisfiles.bsky.social takes a look at the new CAFE standards and how they do not quite meet the moment.
therevolvingdoorproject.org/the-new-emis...
0 replies
1 reposts
1 likes
bsky.app/profile/revo...
0 replies
0 reposts
0 likes
Fed Chair Jay Powell now says it's "essential" that US regulators submit a new, weaker Basel III proposal: www.reuters.com/business/fin...
The GOP private equity veteran is intervening on behalf of his Wall Street friends—sidelining VCS Barr & confirming why we opposed his renomination.
1 replies
1 reposts
1 likes
Boeing is a prime example of a company driven by greed, amassing profits while Americans suffer from their unethical business practices. The Biden administration must take a hard line to rein them in.
www.youtube.com/watch?v=duNb...
0 replies
0 reposts
0 likes
The Biden Administration should also make good on its ability to suspend Boeing from receiving lucrative federal contracts. It would be ludicrous to grant a company guilty of defrauding the government (and taxpayers!) more opportunities to commit fraud!
prospect.org/justice/2024...
1 replies
0 reposts
0 likes
We sincerely hope that this is not the end of the DOJ’s actions against Boeing.
The settlement should not preempt individual criminal accountability for Boeing executives — and the DOJ should pursue such charges immediately.
1 replies
0 reposts
0 likes
Despite the possible appearance of a conflict of interest, Monaco and the DOJ ignored our calls for her recusal.
prospect.org/justice/2024...
1 replies
1 reposts
1 likes
As we, @econliberties.bsky.social and @demandprogress.bsky.social pointed out last week, the Boeing decision was in the hands of Deputy Attorney General Lisa Monaco, who consulted for Boeing at WestExec Advisors before joining the DOJ.
prospect.org/justice/2024...
1 replies
0 reposts
0 likes
Crash victims’ families sought an admission of fault by Boeing in the deaths and “stiffer consequences for the company and its executives, including a trial.”
1 replies
0 reposts
1 likes
NEW:
Boeing will plead guilty to conspiring to defraud the government over two fatal 737 Max crashes and pay $487 million – the maximum possible fine.
Families of Boeing crash victims expressed disappointment with the DOJ's deal.
www.nytimes.com/2024/07/08/b...
1 replies
0 reposts
1 likes
We think officials who once worked for a company should recuse themselves when the government considers pursuing criminal charges against that company.
The DOJ's Lisa Monaco does not.
prospect.org/justice/2024...
1 replies
2 reposts
6 likes
Big Oil is begging SCOTUS to block Honolulu's suit against them. The clock is ticking for Biden's DOJ to file an amicus brief supporting Honolulu against the polluters — or else potentially let a Trump DOJ take a wrecking ball to polluter accountability.
prospect.org/justice/2024...
1 replies
1 reposts
1 likes
For more on how court-whisperers and judicial gift givers like Leonard Leo, Charles Koch, Paul Singer, and Harlan Crow are influencing the Court through amicus briefs, check out SupremeTransparency.org, a project of Revolving Door Project, True North Research, and @takebackthect.bsky.social.
0 replies
0 reposts
1 likes
The New Civil Liberties Alliance supported this outcome as well. In addition to being Koch-backed, the group is also funded by court-whisperer extraordinaire Leonard Leo.
The group also backed petitioners in one of the cases which resulted in Chevron being overruled.
1 replies
0 reposts
0 likes
Another Koch-backed amicus filer is the Cato Institute, which has also long pursued a deregulatory economic agenda on behalf of corporations and billionaires.
1 replies
0 reposts
0 likes
One group supporting this outcome was Americans for Prosperity, the "main political arm" of the Koch Network, which has long fought for corporate interests.
ProPublica recently revealed that Clarence Thomas participated in at least two Koch Network donor events.
1 replies
1 reposts
0 likes
The decision in Corner Post effectively eliminates the statute of limitations to challenge agency rules. Billionaires and corporations could use this ruling to challenge any regulation they want, no matter how long it has been in effect. www.americanprogress.org/article/corn...
1 replies
2 reposts
2 likes
SCOTUS has just dealt another massive blow to the administrative state. Even decades-old regulatory protections are not safe.
At least 6 amicus filers tied to court-whisperers like Leonard Leo and Charles Koch urged such a ruling. supremetransparency.org/cases/corner...
1 replies
3 reposts
2 likes
For more on how court-whisperers and judicial gift givers like Leo, Koch, Singer, and Crow are influencing the Court through amicus briefs, check out supremetransparency.org, a project of Revolving Door Project, True North Research, and @takebackthect.bsky.social.
0 replies
2 reposts
1 likes
Americans for Limited Government, which received over $1.5 million from Leo's network in a single year, also filed a brief advocating for the decision the Court handed down today. The group's website has an explicit endorsement from Ginni Thomas!
1 replies
0 reposts
0 likes
Disgraced coup-memo author and former Thomas Clerk John Eastman also filed a brief. Clarence Thomas previously recused from Eastman's Jan. 6 case, and Ginni Thomas exchanged emails with him ahead of the attack on the Capitol.
1 replies
0 reposts
0 likes
Another group is the Manhattan Institute, which has links to three billionaires that have lavished gifts on the justices, including Alito's fishing buddy Paul Singer and real estate mogul Harlan Crow. It also has financial ties to Leo.
1 replies
0 reposts
0 likes
One amicus filer in this case is the Competitive Enterprise Institute, which has received substantial funding from Clarence Thomas's Bohemian Grove buddy Charles Koch, as well as Leonard Leo, who arranged secret payments of tens of thousands of dollars to Ginni Thomas.
1 replies
0 reposts
0 likes
This decision goes beyond the SEC, and it is a boon to white-collar crooks and billionaires like Elon Musk (who himself filed an amicus brief in the case) who have long sought to weaken financial regulators. www.vox.com/scotus/35755...
1 replies
0 reposts
1 likes
The Supreme Court has just weakened the ability of the federal government to enforce the law against corporate criminals.
13 right wing amicus brief filers linked to court whisperers like Leonard Leo and Charles Koch urged such a ruling.
therevolvingdoorproject.org/amicus-spotl...
1 replies
0 reposts
0 likes
Important piece by @grahamsteele.bsky.social on US regulators' efforts to obstruct global financial rulemaking aimed at reducing climate risk.
This is one of the key reasons why we opposed Jay Powell's renomination as Fed chair: therevolvingdoorproject.org/release-when...
0 replies
0 reposts
0 likes
One thing is certain—if Trump becomes president again, he’ll do worse than the extensive damage we outline in this series. Because this time, his radical right-wing backers have had four years to plan what they would do.
revolvingdoorproject.substack.com/p/a-trump-ad...
0 replies
0 reposts
0 likes
Remember when... Trump's Labor Department expanded the definition of who qualifies as independent contractors while removing minimum wage, discrimination, and overtime protections for independent contractors?
therevolvingdoorproject.org/wp-content/u...
1 replies
0 reposts
0 likes
Remember when... Ben Carson, a retired neurosurgeon with no public policy experience whatsoever, oversaw housing issues, and proposed to triple rents for the nation’s poorest tenants after Congress enacted Trump’s $1.5 trillion tax cut for the top 1%?
therevolvingdoorproject.org/wp-content/u...
1 replies
0 reposts
0 likes
Remember when... Trump appointed Elaine Chao to run Transportation, who oversaw the shattering of American supply chains, bungled the handling of the Boeing 747 MAX 8 disaster in 2019, and repealed rail safety regulations?
therevolvingdoorproject.org/wp-content/u...
1 replies
0 reposts
0 likes
Remember when... Trump's financial regulators weakened safeguards that were established after the 2008 financial crash, directly contributing to the later failures of Silicon Valley Bank and Signature Bank?
therevolvingdoorproject.org/wp-content/u...
1 replies
0 reposts
0 likes
Remember when... Trump appointed Betsy DeVos to run the Education Department, a billionaire heir and GOP donor who didn’t believe in public education?
therevolvingdoorproject.org/wp-content/u...
1 replies
0 reposts
0 likes
Remember when... Trump appointed Scott Pruitt to run EPA, whose relevant professional experience was suing the EPA fourteen times, and who misspent millions in public funds while misusing EPA staffers to find his wife a job and do his personal errands?
therevolvingdoorproject.org/wp-content/u...
1 replies
3 reposts
2 likes
Remember when... Trump's FEMA prioritized disaster aid according to how much it helped Trump politically, slow-walking aid to Puerto Rico in the wake of Irma and Maria, two consecutive disastrous hurricanes?
therevolvingdoorproject.org/wp-content/u...
1 replies
0 reposts
0 likes
Remember what politics was like under Trump?
If the specifics have gotten a little murky by now, our newsletter has the highlights from our new series of retrospectives on how Trump and his cronies made life a little worse.
A 🧵:
revolvingdoorproject.substack.com/p/a-trump-ad...
1 replies
0 reposts
0 likes
Big banks can afford to retain more money to absorb losses instead of relying on public bailouts. But that'll modestly reduce private profits and bonuses.
So Powell, a Republican private equity veteran, is intervening on behalf of his wealthy friends.
jacobin.com/2024/03/jero...
0 replies
1 reposts
0 likes
Who stands to benefit from the watered-down framework that Powell is pushing? Wall Street, his previous (& likely future) home!
Per Jeremy Kress, Powell's preferred changes would free up $115 billion for big banks to pay out to their shareholders/execs.
1 replies
0 reposts
1 likes
Pro-Powell camp, 2021: His regulatory deficiencies can be fixed by a strong Vice Chair for Supervision.
RDP, 2021: No, Biden's VCS will play a subservient role within Powell's Fed.
Now: Powell is killing Barr's plan to strengthen capital requirements.
therevolvingdoorproject.org/what-jamie-d...
1 replies
3 reposts
4 likes
Deputy AG Lisa Monaco’s relationship with Boeing “speaks to the non-adversarial relationship” between big corporations and the country’s top law enforcement officials, says our @andreabeaty.bsky.social.
0 replies
1 reposts
4 likes
NEW: Our Dylan Gyauch-Lewis points out the dishonesty in
the Committee for a Responsible Federal Budget's recent blog bemoaning that "government spending just keeps on growing."
therevolvingdoorproject.org/crfb-mislead...
0 replies
1 reposts
1 likes
For more on the Trump retrospectives, visit: therevolvingdoorproject.org/the-trump-re... end/
0 replies
0 reposts
0 likes
“The media should not focus on the aesthetics of this week’s presidential debate but rather cover the Biden vs. Trump election as a comparison between how each president administered the immensely important executive branch.” - Hauser 10/
1 replies
0 reposts
0 likes
“Donald Trump’s most important legacy as president wasn’t what he said, or even what bills he signed, but how he turned the federal government into a favor machine to benefit his family and cronies.” - our @jeffhauser.bsky.social 9/
1 replies
0 reposts
0 likes
...the repeal of payday lending consumer protections, the authorization of wage theft from tipped workers, and the protection of disreputable corporate polluters and for-profit educational institutions.” - Iwayemi 8/
1 replies
0 reposts
0 likes
“There are multiple examples of this indifference, including the disgraceful response to hurricanes Irma and Maria, the destructive mismanagement of the Covid-19 pandemic...
1 replies
0 reposts
0 likes
“The Trump administration was utterly indifferent to the public interest while prioritizing the wealth of the Trump family and their richest enablers.” - Iwayemi 6/
1 replies
0 reposts
0 likes
“Even as current conversations wisely focus on Project 2025 and Trump’s promise to leverage executive power to harm political enemies, it’s important to revisit how poorly he ran the executive branch his first time round as a cure to the public’s apparent Trumpnesia.” - our Timi Iwayemi 5/
1 replies
0 reposts
0 likes
The memos highlight the myriad ways the former president and his cast of conflicted appointees prioritized corporate interests while jeopardizing the health, safety and wellbeing of the American people. 4/
1 replies
0 reposts
0 likes