lemmyseizethemeans

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Biden Campaign Memo Claims Florida Is “Winnable” Though Polls Say Otherwise ( truthout.org )

Despite some tough odds pitted against them, the campaign team for President Joe Biden believes they can “flip” Florida to his win column in the 2024 presidential election, due to a number of issues they think will resonate with voters in that state, particularly abortion rights....

ajsadauskas , (edited ) to Politics
@ajsadauskas@aus.social avatar

So who are the corporations and billionaires funding the American far right?

A lot of the discourse around the US far right, on both the left and the right, has presented it as being essentially a working class movement.

White working class Southerners (perhaps with some manipulation from Russia) advocating for their prejudiced world view, the narrative goes.

But what if that's not the situation? What if the rise of the far right has been funded with millions of dollars from extremely wealthy individuals?

Where are the resources coming from?

You probably already know about Rupert Murdoch with Fox News and Elon at Twitter, but there's a few others...

"Two billionaire Texas brothers whose fortunes derive from oil and gas fracking have pumped millions of dollars into rightwing media outfits that have promoted climate-crisis denialism.

...

"Farris and Dan Wilks have each doled out millions of dollars through separate foundations over the last decade to a number of high-profile conservative and religious groups including the Heritage Foundation, Family Research Council and Focus on the Family.

"The Wilks brothers, for instance, have poured millions of dollars into PragerU and the Daily Wire

...

"In 2015, Farris Wilks gave $4.7m to help launch the Daily Wire and remains an owner of the media company, whose founding editor and co-owner Ben Shapiro has forged ties with Dennis Prager, the PragerU founder and talkshow host. Shapiro and Prager are slated to attend a PragerU “founders’ retreat” in September for donors who give at least $100,000 a year."

https://www.theguardian.com/us-news/2023/sep/05/texas-fracking-billionaire-brothers-prageru-daily-wire

"[One America News] founder and chief executive Robert Herring Sr has testified that the inspiration to launch OAN in 2013 came from AT&T executives.

"AT&T has been a crucial source of funds flowing into OAN, providing tens of millions of dollars in revenue, court records show. Ninety percent of OAN’s revenue came from a contract with AT&T-owned television platforms ... according to 2020 sworn testimony by an OAN accountant."

https://www.reuters.com/investigates/special-report/usa-oneamerica-att/

"[Robert] Mercer is a Christian conservative, gun enthusiast, a climate change denier, religious, small-government proponent and a man who despises the political establishment as incompetent and corrupt. He has donated over $100 million (€84 million) to various right-wing candidates and think-tanks. Most of that money has gone through the Mercer Family Foundation, run by Robert Mercer's daughter Rebekah.

"The Mercers hold a major stake in a company called Cambridge Analytica, which uses digital data to tailor election propaganda to voters.

"The Mercers first met Andrew Breitbart, the founder of what is now Breitbart News Network in 2011 ... The Mercers also invested $10 million in Breitbart and gained a large stake in the nascent company."

https://www.dw.com/en/who-are-the-mercers-the-wealthy-backers-of-breitbart/a-42100407

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@politics

lemmyseizethemeans ,

It’s. The. Capitalists.

Let’s put a pin in that.

lemmyseizethemeans , (edited )

I think it means ‘request’ like ‘the thing we were talking about before’ 依頼の権’

kde , to KDE
@kde@floss.social avatar

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@kde

lemmyseizethemeans ,

Sorry for the profanity but Oh hells yeah

I love to see it

lemmyseizethemeans ,

The best. Must really have blown minds when it came out.

lemmyseizethemeans ,

Well to be fair I wouldn’t categorize the entire banking industry and investment capitalists who have over a trillion dollars in commercial mortgage backed real estate collateralized debt obligations invested in those office buildings as being from a bygone era.

TLDR It’s 2008 all over again. They bundled up commercial mortgages into securities that blackrock etc are heavily invested in. They are over leveraged because over the counter swaps still don’t require verified money in the bank to cover losses. If people are not forced to return they know the real estate market will implode and take Citibank Morgan Stanley etc with it

lemmyseizethemeans ,

Or right now actually. Huge COVID surge in Japan at the moment while everyone is forced back to the office

Almost all remote-work news is negative now but was positive in the beginning of the pandemic. Have you noticed this or am I going crazy?

Earlier in the pandemic many news and magazine organizations would proudly write about how working from home always actually can lead to over working and being too “productive”. I am yet to collect some evidence on it but I think we remember a good amount about this....

lemmyseizethemeans ,

It’s the commercial mortgage backed securities market.

Remember 2008 when they bundled up all those home mortgages that were based on shitty unpayable loans and sold off securities to retirement funds etc? But then people couldn’t pay and the entire economy imploded resulting in massive bank failures?

Same deal. All those office space loans have been collateralized into securities. The 1% and the banking industry understand perfectly that if they don’t force people to return to office, the entire system will implode again. Even after Dodd Frank the regulations on over the counter derivatives are still mostly non existent.

lemmyseizethemeans ,

It is mostly about the commercials mortgage backed securities market

lemmyseizethemeans ,

There’s always money in the banana stand

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