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      'Shocking and Immoral': Report Details Private Equity's Stranglehold on US Healthcare

      "The damage that private equity has wrought on Americans' healthcare from cradle to grave, simply for profit, has become a life-or-death situation."

      Brett Wilkins
      Mar 22, 2023

      Private equity's ownership of U.S. healthcare providers is incompatible with the needs and best interests of patients and should be checked with federal legislation, according to a report published Wednesday by the consumer advocacy group Public Citizen.

      Critics of for-profit care have long decried private equity's focus on maximizing returns through practices including slashing staff, surprising patients with astronomical bills, and eschewing low-margin care upon which vulnerable populations rely. The new report—authored primarily by Public Citizen healthcare policy advocate Eagan Kemp—examines investment firms' impact on more than a dozen healthcare sectors, from reproductive health through end-of-life care.

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      President Joe Biden speaks during a visit to the Pentagon

      'Madness': Biden Requests Record $886 Billion Military Budget

      "Continuing to throw this much money at weapons, war, and defense contractor profits is unacceptable," said one critic.

      Jake Johnson
      Mar 09, 2023

      President Joe Biden unveiled a budget blueprint Thursday that requests $886.4 billion in military spending for fiscal year 2024, pushing for a nearly $30 billion increase over current outlays as progressives demand cuts to the bloated and notoriously fraud-ridden Pentagon.

      The president's budget proposes $842 billion for the Pentagon alone, including nearly $38 billion for widely criticized efforts to "modernize" the United States' massive nuclear arsenal.

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      U.S. President Joe Biden formally announces Julie Su as his nominee to be the next secretary of Labor during an event in the East Room of the White House on March 1, 2023.

      First Biden Veto Expected After Senate Votes to Sacrifice Pension Rule to Corporate Greed

      "It's wrong that some lawmakers would play politics with Americans' financial futures by preventing retirement fund managers from considering all risks—including financial risks related to climate—when making investment decisions," said one activist.

      Jessica Corbett
      Mar 01, 2023

      U.S. President Joe Biden is expected to issue his first veto after two Democrats—Sens. Joe Manchin of West Virginia and Jon Tester of Montana—partnered with the GOP on Wednesday to pass legislation that would block his administration's rule allowing retirement plan managers to consider climate and other factors in investment decisions.

      The 50-46 Senate vote came a day after a 216-204 House vote in which Rep. Jared Golden (D-Maine) joined with Republicans to advance the resolution about the U.S. Department of Labor (DOL) rule on environmental, social, and governance (ESG) factors—which is notably opposed by fossil fuel companies.

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