David Dayen is an American journalist and author. He is the executive editor of The American Prospect . [1] [2]
David Dayen is an American journalist and author. He is the executive editor of The American Prospect . [1] [2]
Dayen grew up in and around Philadelphia. [3] His father worked in the textile industry and his mother was a school teacher and union representative. [3] [4] Dayen had to change schools several times as a child, which sparked an early interest in comedy and joke-writing, as playing the clown made it easier for him to make new friends. [3]
He graduated with a degree in English from the University of Michigan, where he also contributed to a humor magazine. [3] [4] Dayen performed as a stand-up comic well into his thirties. [3] He learned video editing at NFL Films after college. [3]
Dayen worked as a television producer and editor for fifteen years, first in Philadelphia, Chicago and San Francisco, then moving to Los Angeles in 2002. [4] [5] He started blogging about politics in 2004 and became an increasingly prominent figure in the progressive Netroots movement. [3] [5]
Dayen has been a contributing writer to Salon.com and The Intercept , a weekly columnist for The New Republic and The Fiscal Times and has also written for The New York Times , Vice , Naked Capitalism, In These Times and other outlets. [6] [7] In 2019, he became the executive editor of The American Prospect . [3]
In 2016, Dayen published Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud. The book details how Lisa Epstein, an oncology nurse, Michael Redman, a sales manager at a car dealership, and Lynn Szymoniak, an insurance lawyer, teamed up to reveal illegal foreclosure practices at big banks. [8] Frank Partnoy, reviewing the book in The New York Times, said, "Dayen skillfully narrates a slow reveal and sprinkles in some lively metaphors. [...] But this book is noteworthy for a more fundamental reason. [...] Banks took advantage of the fact that nobody knew who owned what. And their eagerness to cut corners precluded an idea that could have saved millions of Americans from foreclosure." [9]
In 2020, Dayen published Monopolized: Life in the Age of Corporate Power (2020), on the way monopolies define everyday life, presenting examples from different industries. [10] Bryce Covert, reviewing the book in The Nation , said, "Dayen shows [that] monopolies make it harder for workers to wield power when there are fewer and fewer employers to choose from. They make the economy less dynamic and innovative. They make society less equal, and by amassing so many resources, they are able to amass power to protect those resources. [...] As Dayen convincingly shows, monopolies are so interwoven in our economy and our lives that there is no escape from them." [10] Kirkus Reviews called the book "A powerful, necessary call to arms to strengthen the antitrust movement and fight a system whose goal is complete control." [11]
Louis "Studs" Terkel was an American writer, historian, actor, and broadcaster. He received the Pulitzer Prize for General Non-Fiction in 1985 for The Good War and is best remembered for his oral histories of common Americans, and for hosting a long-running radio show in Chicago.
The American Prospect is a daily online and bimonthly print American political and public policy magazine dedicated to American modern liberalism and progressivism. Based in Washington, D.C., The American Prospect says it "is devoted to promoting informed discussion on public policy from a progressive perspective." Its motto is "Ideas, Politics, and Power".
Ivar Kreuger was a Swedish civil engineer, financier, entrepreneur and industrialist. In 1908, he co-founded the construction company Kreuger & Toll Byggnads AB, which specialized in new building techniques. By aggressive investments and innovative financial instruments, he built a global match and financial empire. Between the two world wars, he negotiated match monopolies with European, Central American and South American governments, and finally controlled between two thirds and three quarters of worldwide match production, becoming known as the "Match King".
New America, formerly the New America Foundation, is a think tank in the United States founded in 1999. It focuses on a range of public policy issues, including national security studies, technology, asset building, health, gender, energy, education, and the economy. The organization is based in Washington, D.C., and Oakland, California. Anne-Marie Slaughter is the chief executive officer (CEO) of the think tank.
Matthew Colin Taibbi is an American author, journalist, and podcaster. He has reported on finance, media, politics, and sports. A former contributing editor for Rolling Stone, he is the author of several books, co-host of Useful Idiots, and publisher of the Racket News on Substack.
Ralph Anspach was a German-born American economics professor and games creator from San Francisco State University. Anspach was a graduate of the University of Chicago and fought with the Mahal in 1948 in support of the independence of Israel. He is best known for creating the game Anti-Monopoly and the legal battles that followed.
In United States antitrust law, monopolization is illegal monopoly behavior. The main categories of prohibited behavior include exclusive dealing, price discrimination, refusing to supply an essential facility, product tying and predatory pricing. Monopolization is a federal crime under Section 2 of the Sherman Antitrust Act of 1890. It has a specific legal meaning, which is parallel to the "abuse" of a dominant position in EU competition law, under TFEU article 102. It is also illegal in Australia under the Competition and Consumer Act 2010 (CCA). Section 2 of the Sherman Act states that any person "who shall monopolize. .. any part of the trade or commerce among the several states, or with foreign nations shall be deemed guilty of a felony." Section 2 also forbids "attempts to monopolize" and "conspiracies to monopolize". Generally this means that corporations may not act in ways that have been identified as contrary to precedent cases.
Barry C. Lynn is a liberal American journalist and writer. He was a senior fellow at the New America Foundation think tank in Washington, D.C., directing the Open Markets Program. The program was shut down, allegedly for criticizing Google, one of New America's chief funders. He has written extensively on globalization, economics, and politics for such publications ranging from The Financial Times and Forbes to Mother Jones and the Harvard Business Review.
John Bowe is an American author and speech expert. He has written for The New York Times Magazine,The New Yorker, GQ, The Nation, McSweeney's, and This American Life. His work has been featured and reviewed in the Harvard Business Review, The New York Times, and he has appeared on CNN, The Daily Show, with Jon Stewart, the BBC, and many others. He is the co-editor of GIG: Americans Talk About Their Jobs ; author of Nobodies: Modern American Slave Labor and the Dark Side of the New Global Economy, editor of US: Americans Talk About Love, and author of I Have Something to Say: Mastering the Art of Public Speaking in an Age of Disconnection. He co-wrote the screenplay for the film Basquiat with Julian Schnabel. .
Mary Pilon is an American journalist and filmmaker who primarily covers sports and business. A regular contributor to the New Yorker and Bloomberg Businessweek, her books are The Monopolists (2015), The Kevin Show (2018), Losers: Dispatches From the Other Side of the Scoreboard, and The Longest Race, co-authored with Olympian Kara Goucher. She has also worked as a staff reporter covering sports for The New York Times and business at The Wall Street Journal and has also written and produced for Vice, Esquire, NBC News, among other outlets.
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of America, JP Morgan, Wells Fargo, and Citigroup—responded by halting their foreclosure proceedings temporarily in some or all states. The foreclosure crisis caused significant investor fear in the U.S. A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates.
Accounting scandals are business scandals which arise from intentional manipulation of financial statements with the disclosure of financial misdeeds by trusted executives of corporations or governments. Such misdeeds typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of corporate assets, or underreporting the existence of liabilities; these can be detected either manually, or by the means of deep learning. It involves an employee, account, or corporation itself and is misleading to investors and shareholders.
Evan Lionel Richard Osnos is an American journalist and author. He has been a staff writer at The New Yorker since 2008, best known for his coverage of politics and foreign affairs, in the United States and China. His 2014 book, Age of Ambition: Chasing Fortune, Truth, and Faith in the New China, won the National Book Award for nonfiction.
Naked Capitalism is a liberal American group blog focused on the financial sector. Susan Webber, the principal of Aurora Advisors Incorporated, a management-consulting firm based in New York City, launched the site in late 2006, using the pen name Yves Smith. She focused on finance and economic news and analysis, with an emphasis on legal and ethical issues of the banking industry and the mortgage foreclosure process, the worldwide effects of the banking crisis of 2008, the 2007–2012 global financial crisis, and its aftermath. The site became one of the most highly frequented financial blogs on the Internet and has published a number of noted exposés since.
Frank Partnoy is a Professor of Law at the University of California Berkeley School of Law. He was a George E. Barrett Professor of Law and Finance and the founding director of the Center on Corporate and Securities Law at the University of San Diego, where he taught for 21 years. He is a scholar of the complexities of modern finance and financial market regulation. He worked as a derivatives structurer at Morgan Stanley and CS First Boston during the mid-1990s and wrote F.I.A.S.C.O.: Blood in the Water on Wall Street, a book about his experiences there.
Valerie Hansen is an American historian.
Lina M. Khan is a British-born American legal scholar serving as chairwoman of the Federal Trade Commission (FTC) since 2021. While a student at Yale Law School, she became known for her work in antitrust and competition law in the United States after publishing the influential essay "Amazon's Antitrust Paradox". She was nominated by President Joe Biden to the Commission in March 2021, and has served since June 2021 following her confirmation. She is also an associate professor of law at Columbia Law School.
Judicial dissolution, sometimes called the corporate death penalty, is a legal procedure in which a corporation is forced to dissolve or cease to exist.
The New Brandeis or neo-Brandeis movement is an antitrust academic and political movement in the United States which argues that excessively centralized private power is dangerous for economical, political and social reasons. Also called hipster antitrust by its detractors, the movement advocates that United States antitrust law seek to improve business market structures that negatively affect market competition, income inequality, consumer rights, unemployment, and wage growth.
Billion Dollar Whale is a non-fiction book by The Wall Street Journal correspondents Tom Wright and Bradley Hope. Published on September 18, 2018, by Hachette Books, the book focuses on how Malaysian financier Jho Low allegedly masterminded a US$4.5 billion fraud in what is referred to as the 1Malaysia Development Berhad scandal.
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