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Larry Summers distraction, SNAP governance, and Eli Lily’s David Ricks outs himself
Description
MAGAISM/BRO CULTURE CRONYISM/CEOs RULE!/ELONISM
I am deeply ashamed': Larry Summers to step back from public commitments after new Epstein emails
Senator Elizabeth Warren: “[Summers] cannot be trusted to advise our nation’s politicians, policymakers and institutions — or teach a generation of students at Harvard or anywhere else.”
And an unidentified Trump administration official told Politico that companies and organizations should end their association with Summers.
The former Treasury secretary, along with Bill Clinton and the Democratic megadonor Reid Hoffman, are among the Democratic figures whom the Justice Department is investigating over Epstein ties — at President Trump’s behest.
Economist Warns That Trump’s Investments in the Tech Industry Could Crash the Whole Economy
Italian economist Mariana Mazzucato, a University College London economics professor:
“I think the kind of capitalism Trump has is crony capitalism.”
“I would describe crony capitalism as Mafia-like. You’re showing your upper hand. You’re handing out favors to some. But then divide and conquer. Picking and choosing without a particular strategy.”
She argues that the Intel deal is poorly designed because it doesn’t have any conditions to incentivize the company to be build new products, while the government simply acts as a passive investor.
SEC to Allow Companies to Block Shareholder Proposals
The U.S. Securities and Exchange Commission (SEC) announced that it will not express opinions to requests from companies asking to exclude shareholder proposals from their proxy voting materials during the 2025-2026 proxy season, effectively allowing companies to avoid voting on issues proposed by investors such as climate, sustainability and diversity at annual meetings.
Elon Musk is set to make more than every U.S. elementary teac