the corporate coup d'etat it was begun in the early 1970 s. . lewis powell in his $971.00 memo which he wrote when he was an attorney for the chamber of commerce he later became the supreme court justice talked about what he called the assault on the free enterprise system. and he called on corporations to use their power and in particular their money to build counter institutions and to take over and destroy liberal institutions. institutions that traditionally gave a voice to the working class and cared about the rights and needs of the citizenry . but i dropped later charges that applied car companies with running risks that countered them but do. quote perhaps the single most effective antagonist of american business is ralph nader so if they do it to help new york city it will be to help the banks. who thanks largely to the media has become a legend in his own time and an idol of millions of americans. and on are justified in any way to getting us to matter i don't want to have a climate in this country where i want to ask the avonex aesthe

and you see that happening corporations are literally go it wild over this these corporations and banks what do they do with the tax cuts will be bought back their own stock $170800000000.00 that's how much in buybacks this year that is the most seen this far into a calendar year ever why because if the stock goes up the compensation packages for the managers of these corporations goes up. it's not good for the economy it's not even good for their company. bridges are literally go it wild over the years. there's a business trying to harvest their harvesting themselves. the 62 year old wall street tycoon raked in nearly a half $1000000000.00 between 200-2007 the start of old school free markets low taxes low everything government doesn't provide anything for anybody kind of conservatism that is the policy preferences of the tiny 8 rich doods who own half the wealth and the you know layer of rich people underneath and it is not popular so you have to get it by other me and so you see things like voter suppression building more prisons and disenfranchising people who have spent time in you

as they sit around their table and join their corporate friends at the corporate board table, we have to be thinking about what's going on at the kitchen table of america's families. many more people than ever, many people who never thought they would are going to food banks and yet this legislation that they're proffering has nothing to address food insecurity in our country. it's about our children. millions and millions of children are food insecure, yet nothing there for that. and as the leader said in terms of rent, people will be in the streets, the evictions will continue and yet in our bill, we have a proposal who does -- which does just that, modeled after some past initiatives for emergency security. so in the h.e.r.o.s. act, we have, as you know, honor our heroes, which their bill does not. health care workers, transit workers, our first responders, food suppliers, sanitation workers and the rest. they say no to that. in terms of what we have to do to address the virus, they are scientifically they just don't get it. they don't believe in science, they don't believe in gove

is it becoming a common tactic for corporations to go after the lawyers who win the cases against them. yeah yes it is and that's actually why hundreds of lawyers around the world are signing statements of support of stephen dancing or because they see the writing on the wall this is a this is a very scary tactic for anyone working within the legal system to confront corporate power there's a group called the protect the protest coalition it's a it's a group of environmental and human rights organizations that came together after greenpeace was sued because of the dakota access i plan protests and the same firm that worked for the trump ministrations sued them and you know made up this entire conspiracy about climate change saying that that these groups were conspiring to affect their business and they slapped them and they ultimately they won that case most of they're still one charge and they're fighting but all those groups looked at each other and said we need to have each other's backs because corporations are using this tactic more and more often to stop dissent to silence protes

biden is not seeking to deal with what the caller is corporate taxes anywhere near that corporate high. i he's actually not even talking about going back to what they were before the trump tax cut. he's talking about going from a 21% 28% rate which is something that president obama had proposed, cutting taxes down to that rate, so there is some acknowledgment that the previous rate was probably uncompetitive compared to other countries to around the world and their corporate tax cuts. i know it's getting a little bit nerdy about politics, but it shows a little bit the incremental in some that continues to dominate both sides. it's not like president trump wiped out corporate taxes. he did a very large corporate tax cut, but he took it from a high 35% to 21%. joe biden is talking about crawling that back. they are playing. that is the game they are playing. that is where the debate is. the terrain of the debate. >> from corporate taxes to individual taxes, since it is officially tax day, 2020, what do we know about the joe biden plane when it comes to individual tax rates? >> we know he

corporate high. he was talking about going back to where they were before the trump tax can't -- text cap -- acknowledgment that the previous rate was uncompetitive compared to other countries around the world and their corporate tax cuts. nerdy aboutg politics, but it shows the incrementalism that continues to dominate on both sides. president trump wiped out , but he took it from a high of 35% to 21%. joe biden is talking about crawling that back. that is the game they are playing. that is where the debate, the terrain of the debate. host: from corporate taxes with visual taxes, since it is tax about thewhat we know joe biden plan when it comes to individual tax rates? guest: he would raise the top income tax rate back to where it was before the trunk -- the trump tax cuts. talk aboutis rivals doing much more than that. democrats in congress have about as much as a 70% top personal tax rate. democrats whony were running on the primaries, has not talked about reversing the tax cuts that lower and mi

bonds and corporate bond e.t.f. aimed at restoring liquidity to credit markets now the central bank says it plans to buy debt from nearly 800 companies well some of these businesses are absolutely struggling due to the pandemic others are not including wal-mart coca-cola 18 c. and mcdonald's to name a few and prior to the pandemic in 2019 companies were already borrowing far more money than they could ever pay back in fact last year corporate debt hit nearly 10 trillion dollars that's a record 47 percent of the economy and the fed is trying to clean up a mess that has only gotten worse during the pandemic but started a long time ago and experts now worry that if the fed keeps flooding the market with emergency bond purchases the central bank could end up creating the greatest financial bubble in history and again it's not going to matter to them. because they're going to get those bailouts. you want to have some fun go on the internet and check out how many billionaires were created out of the 2008 burned down by th

bigshot corporate interest. our number one goal is to protect workers. and for mcconnell to make this the number one issue 120 million are out of work and need help. people are losing their homes and need help and people can't feed their kids in going under and need help not for helping average americans ahead of anyone else so look see what's in there we don't know yet they cannot and get their own act together put a bill together among themselves. last one. reporter: [inaudable question] so i think it's despicable. we have in our legislation that we agree it's a no unmarked cars no more police if federal agents want to protect federal property they should be on that federal property if they want to be anywhere else they need to have permission from whoever has jurisdiction in the area. i doubt the president did was despicable. you pick up someone with no identification dragged them somewhere in here she doesn't even know what's doing. and second, so typical of trump he cannot solve the covid crisis, testing is

>> absolutely, just like a taxpayer pays taxes last night i would believe that a voluntary corporateesponsibility, social responsibility is essential. corporations can take part in this investment in our community because it does affect them and it may affect some of their employees and families if our community is not thriving in the way it should be because the poor are getting poorer. i believe that corporations can investment take ownership in some of our programs, not just getting financially but perhaps investing in the structure or the organizational structures of this program, creative, ideas, with their own resources, whether it is marketing or volunteering. >> they should be able to, they are innovative, creative, and great markers. i would listen to you if i owned one of those comedies. we will take a brief break and be back in a minute to talk more about catholic charities in the archdiocese. >>> welcome back, we're talking about catholic charities today and you just told us about a plan, a vision of engaging bay area corporations, businesses, entrepreneurs in this cathol

a corporate state tug of war over a covert 1000 treatment could spark an international route between the us and in. the hands of the drug. the irish have come under fire before for their lax corporate tax laws now an irishman will be in charge of the euro zone's economic efficiency. and you hygiene rules for the cruise industry to get the massive line is out of dock and back onto the high seas. and lots of business are all waiting for that queue up and there's a v.a. is the 1st drug shown to work against the corona virus but its success could cause an international round the us has bought up most of the world stock europe is considering issuing compulsory licensing of the antiviral drug. deaths of years no wonder drug but it has shown promising effects in the treatment of people who fall in severely ill with covert 19th originally developed to treat a bola it's attracted interest from countries around the world. last week the european commission gave conditional approval for deaths of your to be used to treat seriously ill covert 900 patients it follows similar moves in india in the

you should try to work within the system is that even when you do large corporations like chevron are going to escape justice or deny justice by by simply ignoring it and to if you push to do that to go beyond that they'll they'll shut down your life permanent they've frozen his bank account they've put him on house arrest for now he's going on 11 months and you know they've scared or intimidated people from working with him from doing anything yeah it really does make a mockery of our legal system it shows how it's rigged for the incredibly wealthy corporations is this becoming a common tactic for corporations to go after the lawyers who win the cases against them. yeah yes it is and that's actually why hundreds of lawyers around the world are signing statements of support a statement on singer because they see the writing on the wall this is a this is a very scary tactic for anyone working within the legal system to confront corporate power there's a group called the protect the protest coalition it's a it's a group of environmental and human rights organizations that came together

immunity these corporations. so they would be held liable if in fact not performing up to the standard necessary to protect employees and customers. sixty-five pages long. it is a big giveaway to these corporations in america. it does nothing to protect workers. active safety standards or give business incentives to take proper precautions to reduce the spread of the coronavirus. in fact this bill does just the opposite pretty gives workers and victims, since the problem. in hurdles with covid-19 related claims from having a day in court. what the bilodeau is a full sweeping federal preemption on the rights of workers and victims toe bring cases in state quarters for covid-19 related arm. require businesses to act with reasonable care. then i would say the c businesss are shielded from liability in federal court if they merely make an effort to comply with the weakest available mandatory safety standards that apply to them. so what are the kinds of safety standards that the bill would urge businesses tohe follow.

but now they've been bought out by a group called adobe age group the old shumway corporation out of china it's a multinational corporation headquartered in china you know very well so you know they made i understand their profits for the 1st quarter of this year just their net profit 1st quarter this year was $200000000.00 and you look at almost cesspools when you say to yourself they've got the money to fix this what's what's all new everything up. well what's old. everything up and the fact that they don't want to spend their money to fix a problem they'd rather externalized the cost of their way to treatment on people north carolina. we're going to do this will fill my rule true soon as we go through one country we don't pick up everything we see all on the wire. and then if we spot some illegal discharges i will do some special filming on that. massive fungus with huge manila goons extending as far as the eye can see. as a result of these industrial scale farms many local residents feel under siege. not anti farmer or inside businesses going to carolina we're just. about doing i

an election campaigns that are funded by corporations. with no limit on the amount of money that corporations can give to candidates really in through complicated ways but the supreme court has said that there do not need to be any limits on corporate campaign contributions that's an enormous problem in american politics you mentioned that. matter factory but this is actually i think if you're going to the russians really are cynical people but this is absolutely mind boggling i mean if you don't go into this story of this depression marshall this lady that was working for the clinton's campaign but with some research i found out that she was providing coke with strategic consulting and marketing work whilst rassi her former credentials as the chief of protocol at the state department bench specifically told them a training on commercial diplomacy commercial on says that no they euphemism for special interests is not around when you're you have to remember that the revelations about this from the hacking of hillary clinton's e-mails oh wh

we put them on the corporate finance desk, the trading equity desk, public finance, corporate finance. when they come out of loop, they are sought after i try to keep as many as i can i can only keep so many. they are sought after those on wall street. by the time i'm done and courtney takes the realm, we will have a significant amount of loop trained folks on wall street >> i'm sure courtney has a great big smile on her face. she's probably blushing as well. she's modest that's nice of you to say. i noticed today that loop was just chosen by bill akman to be one of the book runners for this with a number of other minority firms. we talked to lawyers prior to coming on the phone. i asked what i could say about the deal because it's amazing. i can't say much because we're in testing the waters phase. this is what i'd like to do. i'll talk to bill this afternoon. we would love to come back on the show and talk about what he did here and how significant it was. if you're okay, i'd like to end it at that i think there's a couple other significant corporate decisions that are being made be

except when it comes to protecting big corporations . the states need to adjust their liability laws they can do so. 28 states have already done. so here's the bottom line. republican immunity don't would upend state laws, give businesses incentives to cut corners, jeopardize the safety of workers and families and risk further spread of this virus. it is a big business giveaway that is not what americans. madam president, this is not a small challenge. it is a historic challenge. we should take the republican lead and play small ball. we got to address this hadon . first we need leadership at the top we have not had from the president. he has deferred time and again to governors and mayors and other officials at the local level telling them find your own masks, establish your own testing regimes, find your way out of this crisis. when we needed leadership from the president we did not receive it . america knows that. why isn't this nation was with five percent of the world population has 25 percent of the infection cases in the world.why

so rather than revolutionaries all soldiers who condemn small groups the corporations when you have a tiny group of people who have all the power you have to have some means to make sure that the best don't get together and take it back. these are sacrificing. places that capitalism exploited and destroyed for profit and left behind misery poverty environmental devastation and so you see things like voter suppression building more prisons you seem gerrymandering all sorts of undemocratic practices were well fiends of that world were well focused world and there's no question that the coup d'etat was. always the issue of china playing out in the american election cycle both trump and biden betray themselves as being tough on beijing maybe they are at least rhetorically but in reality those are very different stories and it's bipartisan the commanding heights of industry and finance of important china for decades. enough there it is the show is this china. this is boom bust the one business show you can't afford to miss i'm going to bore in washington coming up jobless claims the united

immunity for corporations but not for americans facing eviction? unemployed americans and republicans say take a 30% tax cut, tax pay cut? who are the republicans fighting for in this proposal? if you are a big banks, contractor, and the trump family, the proposal has good for you, but if you can barely afford the rent, can't find work, can't find food for your kids and are fighting for yourn family future, the republicans plan leaves you out in the cold. the consequences of the republican policy on unemployment alone would be disastrous. those in hand to benefit have kept 12 million americans out of poverty. those enhanced benefits are the one bright spot in this declining economy e that consumr spending is going up now in large part because of the pandemic unemployment insurance as well as ppe. one of the few things that's kept our economy from deteriorating furtheros is that these unemployment benefits have boosted consumers can then. that's why economists say it would cost over a million jobs this year and 3.4 million next year. the republican

and vanguard intermediate term corporate bond e.t.f. is this starting to look like japan who central planning the u.s. has mocked for the past decade. it is certainly starting to feel that way especially when you consider that some of the companies that it is it's been buying through these e.t.f. are they have a fortress balance sheets they're in very good shape the fed is theoretically crowding out natural buyers of these bonds who are going going forward to have a very difficult time ascertaining what the market price should be because you've got this price agnostic buyer in the market the fed doesn't care what the what the price of the security is just that they're fulfilling a liquidity mandate that they've set for themselves that really is outside their original boundaries of the federal reserve act of 1913 what are some of the repercussions. the fed from the fed becoming that top e.t.f. is this really going to impact the integrity and liquidity of the markets. well i'm not so sure about liquidity but what it is doing is to your wo

and all leader mcconnell wants to talk about is to protect giant corporations. people across the country blue states and red states need protection and help in leader mcconnell needs to hear from all of them. [inaudible] >> the devil is in the details. how much? what i do for schools? you can negotiate until you have a detailed proposal. and then they are not unified. they were not sure. that doesn't make sense. >> in those protections. >> they do not have the view. one month ago in 20 million people were out of work. and to assess the situation and to be out of touch. one of the main reason it is as bad as it is and to be so enthralled by the business leadership that cares about protecting themselves from all liability way over the top. this is the greatest economic crisis in 75 years. he doesn't mention them to talk about the new york times and the cancel culture. [inaudible] it's very important for us and it's a high priority. think everybody.

but it said it all the deadliest corporate crime not even go out chevron killed thousands and destroyed the rainforest in what is known lovingly as the amazonian chair noble and then sue their own victims wells fargo bank of america etc pushed predatory loans on people then stole millions of homes when it came crashing down you may think that didn't kill anyone but it's estimated that over 10000 still was dies when chided economic crisis purdue pharma knowingly caused the deaths of hundreds of thousands of americans by pushing opioids on them then of course there's weapons makers like raytheon general dynamics boeing lockheed martin but they don't care because killing people is their business than that's all well and good so when you add it all up murdering 84 people p.g. and they. yanked their the good guys and 84 people is nothing that's on coffee break for purdue pharma that's one puff of an afternoon cigarette for a month fan 2 or raytheon could have been a. good day i'm just i'm just picked on here. could it be that the that the most powerful and to tease on the planet the largest

the anti-racism consulting industry also serves a more sinister role in keeping real corporate civil rights violations hidden holding an anti-racism training however ineffective can be a legal shield against a civil rights lawsuit and you have to myer mckinsey d'angelo and all the other grifters taking advantage of these current crises the rise of hiring consultants to deal with these things says more about the government and companies who hire them they just want to answers on what to do are they the right answers who know and frankly who cares if you do i think you might have an answer bias and finally let's take a minute to learn about perhaps the only american to actually get paid reparations for slavery correspondent natalie mcgill has the mind blowing old news. dare to bring up the subject of reparations for slavery around white people and you're bound to feel like you're krag from the movie friday when his friend smokey says well you may not own but if your main argument against reparations that you had nothing to do of slavery or that it's impossible to achieve then you may h

welcome america and the world on late can no mistake the news from behind the deadliest corporate crime in u.s. history ended this month with electric company p.g. and e. pleading guilty to 84 counts of manslaughter after setting paradise california a blaze the mainstream media has made clear that this is the highest amount of manslaughter a company has ever cop to. but it said it all the deadliest corporate crime not even go out chevron killed thousands and destroyed the rainforest in what is known lovingly as the amazonian chair noble and then sue their own victims well in fargo bank of america etc pushed predatory loans on people then stole millions of homes when it came crashing down you may think that didn't kill anyone but it's estimated that over 10000 still was dies when chided economic crisis purdue pharma knowingly caused the deaths of hundreds of thousands of americans by putting opioids on them then of course there's weapons makers like raytheon general dynamics bowing lockheed martin but they don't care because killing people is their business than that's all well and good

and you are paying attention to your corporate friends not answering the needs of the people. we democrats want a real bill that answers people'sneeds . that deals with the serious problems we face. that's what we're fighting for. we will keep fighting for it. and our republican friends are nowhere to be found. while the republican proposal fails to provide crucial relief for families, workers and unemployed it is littered with corporategiveaways , k street handouts and presidential projects. the republican bill includes a $20 billion slush fund for large agribusiness and tax breaks for three martini lunches but it doesn't provide a dining food assistance for hungry kids. it includes an unprecedented sweeping provision to shield corporations for five years from liability for negligent treatment of workers and consumers but there's no new sweeping provision to shield americans from convictions or foreclosures. it includes a $30 billion wishlist for defense contractors but no funding to make sure americans and vote safely in november. there are reports that republicans proposals

maybe they don't either. >> well, the corporate left or the corporations are afraid of the left for boycotts just being embarrassed generally. and they've got this attitude when it comes to advertising and marketing to double down in terms of supporting these radical left-wing movements. you have the nfl coming down on the side of anti-americanism. you've got the nba supporting it as well. it's a terrible situation, and it's up to americans to say no to it. you just can't let it slide by, because we'll lose our country before we know it. lou: yeah. it -- that's exactly the point. i want to take up hunter biden, but we're up against a hard out. so, tom, i'm going to do something i hate to do, impose on you to stay with us through this commercial break to take up hunter biden and all that judicial watch has done in pursuing the truth of his situation. we'd like to hear your thoughts on all of this. share your comments, follow me on twitter @loudobbs like me on facebook, follow me on instagram @loudobbstonight. and just the news editor john solomon and the hudson institute's michael pillsbury a

and big corporations continue to buy out newspapers despite newspapers being caught in a death spiral like can this signal a new media lamp landscape we're going to discuss that next and then over the sports h.q. we're going to have takes us down to florida for a very deep play of m.l.s. that's back tournaments and we'll keep up with the latest news and anything in my free download our brand new portable t.v. you can catch us there 247 probably right back. we go to work so you stay home for. listen subletting online algorithms dictate what you get to want to go to portable dot tv slash download to get killer television it's completely free i'm going to ward winning comedy awesome sports coverage inside so fresh still tastes like raspberries on a spring day takes so hot they'll burn your face off down the videos more added by the hour did i mention 3 it's it's yeah it's 3 go go get it portable t.v. . i'm holland cook i invite you to climb with me above the main stream media mire and from that higher fan to each to glimpse the big picture question more. i like it when the hosts ask the

or see things a different way in the country so she's really to stand up against the special corporate interests that debbie wasserman schultz has cozied up to so much throughout her 16 years of being involved in representing people in florida yeah corporations and debbie wassermann schultz are definitely bedfellows kevin thanks so much everybody can follow your work and shadow proof dot com really appreciate it. and you're going to go to a quick break but i want to let you know that the full redacted tonight episodes are all available on the free streaming app portable t.v. it's a portable dock t.v. slash download all of the segments of our shows are still available at youtube dot com slash redacted tonight but for the full episodes go to portable t.v. also join our free email list you can find out about our videos just text the word redacted 233777 i'll be right back with more. it's definitely something before the god exists more like sure we will use your trip last may want to get vaccinated and. if you want to overcome the global restrictions travel restrictions 6 on the move us 3

and other corporate political tug of war is playing out in the proportions of this battle just got bigger beijing accuses britain of helping washington chinese tech giant while away. at what you just thought things couldn't get any worse u.s. chinese relations take another walloping this time of the hong kong preferential trade treatment. i'm going to let's do business a sweet deal for apple the american multinational does not have to pay back 13000000000 euros in taxes to while it was what the e.u. had been trying to force the company into doing but the irish government took the case alongside apple to europe 2nd highest court its long denied that its tax arrangements with the take them out to a legal state 8 the european commission is expected to appeal the ruling to the european court of justice. earlier this year and then irish prime minister current apple chief executive tim cook had an anniversary to celebrate 40 years since apple started manufacturing in our land over the decades the e.u. country in the us i phone maker have both profited from the arrangement. apple gets a massive