Investigating Power
On October 30, U.S. Senator Bill Cassidy (R–LA), a doctor who chairs the Senate Committee on Health, Education, Labor, and Pensions, and fellow committee member Senator Jim Banks (R–IN) reintroduced legislation designed to prevent retirement plan managers from considering environmental, social, and governance (ESG) factors when choosing investments.
As insurance industry underwrites fossil fuels, conflicts of interest emerge at the top.
Kaiser has doubled down on hedge funds, outside staffing firms, and high executive compensation as workers lag behind.
As Trump wages war on US cities, GOP-led states have swiftly passed an array of laws threatening their autonomy.
Oil industry heir John Hess, the longtime former CEO of Hess Corporation and current director at Chevron, is tied for the second largest donor to Fix the City, a super PAC backing former New York Governor Andrew Cuomo’s campaign for mayor of New York City.
On August 15, insurance regulators in Illinois granted State Farm a 27% rate hike on homeowners policies, with premiums projected to climb by $475 a year for the average homeowner.
The right-wing State Policy Network and its affiliates have an overall combined revenue of $270 million, according to an analysis by the Center for Media and Democracy of the latest publicly available IRS filings. This marks a 77% increase since CMD last reported on SPN’s core finances in 2022.
The American Legislative Exchange Council is bringing together state lawmakers, corporate lobbyists, MAGA followers, and right-wing operatives and funders at the four-star JW Marriott Indianapolis this week for its annual meeting, where once again it will strategize about how to further suppress the vote, prop up the fossil fuel industry, push Trump’s priorities, and more.
California, New York, and Illinois have invested their public employees’ retirement savings in firms promoting and profiting off Trump’s second term.
Republican state legislators backed by corporate-funded advocacy groups have also made significant strides toward flattening or eliminating once-progressive state income taxes in this year’s legislative sessions.