A proposed privatization of the United States Postal Service (USPS), spearheaded by the Trump administration and facilitated by Elon Musk’s involvement, threatens to generate $81 billion in profit for Wall Street while significantly increasing postage prices for consumers. This plan, revealed in a Wells Fargo Securities study, would involve selling off USPS assets and potentially jeopardizing the jobs of 640,000 unionized workers. The APWU and other postal worker unions are organizing nationwide rallies and actively fighting against this privatization effort, citing the detrimental impact on both workers and the public. The unions are prepared to take legal action to prevent the release of sensitive employee data.
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The New York Stock Exchange (NYSE) will establish a Texas presence, renaming NYSE Chicago as NYSE Texas to better serve the state’s burgeoning business sector and its numerous NYSE-listed companies, representing over $3.7 trillion in market value. This strategic move follows the announcement of a competing Texas Stock Exchange and reflects Texas’s increasingly business-friendly environment, particularly its stance against ESG regulations. The shift underscores Texas’s growing prominence as a corporate hub, attracting companies seeking alternatives to traditional financial centers. Trading will remain primarily electronic, with stocks listed on multiple exchanges.
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Kamala Harris’s Wall Street-approved economic pitch, heavily influenced by corporate donors and elites, fell flat with the American public. This disconnect between her campaign’s focus on economic opportunity and the everyday struggles of Americans was a significant contributing factor to her underwhelming performance. While Harris presented a macroeconomic plan aimed at boosting growth and stability, many voters felt disconnected from its potential impact on their lives, especially amidst rising costs of living, stagnant wages, and a sense of economic insecurity.
The core issue was the lack of tangible, relatable solutions that directly addressed the everyday concerns of the working class. Harris’s campaign focused on policies favored by Wall Street, such as tax cuts and deregulation, which were seen as disconnected from the needs of ordinary Americans struggling to make ends meet.… Continue reading
I have always believed that companies are not people, and it is about time we stop treating them as such. Kamala Harris’s recent announcement to curb Wall Street’s homebuying spree is a much-needed step in the right direction. The fact that companies like Invitation Homes are monopolizing the housing market and negatively impacting renters is appalling. They are evicting tenants at alarming rates, increasing rents exponentially, and skimping on property maintenance while reaping huge profits.
The consequences of allowing Wall Street to own a significant portion of single-family rental properties are far-reaching. Not only are they exploiting millennials and families in need of affordable housing, but they are also distorting the market and undermining the American dream of homeownership.… Continue reading
John Q. Hosedrinker 
Matt Underwood