Archive for October 13th, 2017

Maria’s ‘Other’ Victims: Puerto Rican Bondholders

October 13 | Posted by Rich Culbertson | Media Feeds

CNBC (10/4/17) assumes that “you” are among the “more than 500,000 individual bondholders” or the “hundreds of thousands more investors with small exposure through mutual funds”—despite the fact that it gets 43 million visitors a month. With crushing debt threatening to annihilate its economy (CounterSpin, 7/31/15, 5/12/17), the island of Puerto Rico was already desperate. Then came Hurricane Maria, the September... Read more

Corporate Media Have Few Apologies for Getting IRS Scandal Backwards

October 13 | Posted by Rich Culbertson | Media Feeds

Back in May 2013, corporate media outlets expressed alarm at a report from the Treasury Inspector General for Tax Administration (TIGTA) that suggested that from 2004 through 2013, the IRS had applied extra scrutiny to groups applying for tax-exempt status with conservative-sounding names. The report, “based on concerns expressed by members of Congress,” said that 96 groups applying for 501(c)(4)... Read more

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