Senators Slam Private Equity–Fueled Hospital Giant in Charged Hearing
Kevin Wolf/AP Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters. In front of a packed room at a Senate hearing on Thursday, longtime nurse Ellen MacInnis recounted working at a Massachusetts hospital owned by Steward Health Care, the nation’s largest for-profit hospital provider. Her voice broke…
Private Equity Is Snapping Up Gas and Oil Firms. What Could Go Wrong?
A pulling unit on an oil well in Utah. Jon G. Fuller/VW Pics/ZUMA This story was originally published by High Country News and is reproduced here as part of the Climate Desk collaboration. Where private equity investors make acquisitions, bankruptcies tend to follow. Brands from Radio Shack to Toys R Us went under after being bought by these firms, as did the company that…
The Abortion Pill’s Secret Money Men
Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.In 1993, a group of activists rented a warehouse in suburban Westchester County, New York. It was smaller than they’d hoped and had limited ventilation, but the two other locations they’d tried to rent belonged to universities and required…
How the Story of Soccer Became the Story of Everything
Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.One afternoon last October, thousands of fans began gathering outside St. James’ Park, the 130-year-old home of the English soccer club Newcastle United, to celebrate a new beginning. Some sported the club’s traditional black-and-white striped jerseys. Others toted cases…
The Carried Interest Loophole Is Going to Outlast Us All
Sen. Kyrsten Sinema and Bain Capital co-founder Mitt RomneyTom Williams/CQ Roll Call via ZUMA Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.On Sunday, the Senate passed the Inflation Reduction Act on a party-line vote, sending the domestic policy package to the House for final passage. Barring…
How Foreign Private Equity Hooked New England’s Fishing Industry
piola666; Getty Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine. A first step was to find out how many permits the company owns. The National Oceanic and Atmospheric Administration provided a database breaking down the permit holdings in the groundfish industry for the…