These three CEO’s own and control most of corporate America

AGR Daily News

Lower fees aside, the rise of index funds has entailed a massive concentration of corporate ownership. Together, BlackRock, Vanguard and State Street have nearly US$11 trillion in assets under management. That’s more than all sovereign wealth funds combined and over three times the global hedge fund industry.

In arecently published paper, ourCORPNET research projectcomprehensively mapped the ownership of the Big Three. We found that the Big Three, taken together, have become the largest shareholder in 40% of all publicly listed firms in the United States.

In the S&P 500 – the benchmark index of America’s largest corporations – the situation is even more extreme. Together, the Big Three are the largest single shareholder in almost 90% of S&P 500 firms, including Apple, Microsoft, ExxonMobil, General Electric and Coca-Cola. This is the index in which most people invest.

Who owns big business: the rise of passive investors…

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Press release: Activists warn Adern: Hydrogen no path to low carbon future

Climate Justice Taranaki

Members of Climate Justice Taranaki and other community groups gathered with white elephants outside the launch of the National New Energy Development Centre today by Prime Minister Jacinda Adern and Energy Minister Megan Woods. The protesters are opposed to the government’s support of Hydrogen technology.

“We are repeating bad choices again from the Think Big era of the 1980’s that had far reaching economic burden and environmental impacts upon us,” said Fiona Clark, Visual activist and Tikorangi Gaslands resident.

“As benign and fashionable a Hydrogen economy may sound, the zealous push for it as the essential route to a just transition is unfounded, both in physics and economic terms,” explained Climate Justice Taranaki researcher Catherine Cheung.

“The production of Green Hydrogen from water and renewable energy is extremely expensive and inefficient. Its storage and distribution, also costly and energy intensive, are fraught with technical and safety issues

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Portlands’ Wall of Moms Joined by Dads with Leaf Blowers

The Most Revolutionary Act

Protesters hold their hands in the air during a Black Lives Matter protest in front of the Multnomah County Justice Center on July 20, 2020, in Portland, Oregon.Protesters hold their hands in the air during a Black Lives Matter protest in front of the Multnomah County Justice Center on July 20, 2020, in Portland, Oregon.Nathan Howard / Getty Images

In response to the use of tear gas being utilized by federal officers against demonstrators, including a group of moms, in an uprising in Portland, Oregon, this week, a like-minded dads’ group encouraged others to show up to the event with leaf blowers in order to dissipate the chemical agents.

Uprisings in Portland have happened nightly since the end of May, in response to police violence against Black Americans, including renewed attention to Jason Washington, a Black resident of the city who was shot and killed by police in 2018.

Tensions have escalated in recent weeks as federal officers began appearing at the events. Last week, there were reports of…

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