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Category: wall street

How “Woke Capitalism” Became a Right-Wing Obsession

When the US targeted Russia’s oligarchs after the invasion of Ukraine, the trail of assets kept leading to our own backyard. Not only had our nation become a haven for shady foreign money, but we were also incubating a familiar class of yacht-owning, industry-dominating, resource-extracting billionaires. In the January + February 2024 issue of our magazine, we…

Climate Protesters Call Out US Banks Over Fossil Fuel Funding

An Extinction Rebellion protester is arrested in front of Citibank’s Manhattan headquarters on April 24.Gina M. Randazzo/Zuma This story was originally published by the Guardian as part of our Climate Desk collaboration. As they exited their office in Tribeca on Monday afternoon, Citibank employees were confronted with a boisterous crowd chanting and dancing along to the music of a mariachi…

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…

Trump to Payday Lenders: Let’s Rip America Off Again

A cash advance provider in Orpington, Kent, UKGrant Falvey/London News Pictures/Zuma When South Dakotans voted 3–to–1 to ban payday loans, they must have hoped it would stick. Interest on the predatory cash advances averaged an eye-popping 652 percent—borrow a dollar, owe $6.50—until the state axed them in 2016, capping rates at a fraction of that in…