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#finance

anonymiss@despora.de
anonymiss

Corporations invested in #carbon offsets that were ‘likely junk’, analysis says

source: https://www.theguardian.com/environment/article/2024/may/30/corporate-carbon-offsets-credits

#Delta, #Gucci, #Volkswagen, #ExxonMobil, #Disney, #easyJet and #Nestlé are among the major corporations to have purchased millions of carbon credits from #climate friendly projects that are “likely junk” or worthless when it comes to offsetting their #greenhouse gas #emissions, according to a classification #system developed by Corporate Accountability, a non-profit, transnational corporate watchdog.

So the capitalists really don't give a shit about anything for short-term #profit, even if #humanity is destroyed in the process.

#environment #news #scam #politics #co2 #fail #capitalism #economy #future #finance #society #problem #humanrights #earth

One person like that
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anonymiss@despora.de
anonymiss

#Capitalism like #degeneracy in late #Rome

According to rumors, which are difficult to prove historically, Roman decadence is said to have gone so far that rich Romans vomited in order to empty their stomachs between courses with delicacies.

This is exactly how today's capitalism seems to me, in which the super-rich fly around the world in their private jets or engage in space tourism regardless of climate change. They celebrate parties with high emissions, pay hardly any taxes, while the majority of people are already struggling to survive.

The best example of this for myself is Elon #Musk and Donald #Trump, who apparently believe they can do anything with #money.

#finance #economy #politics #future #humanity #earth #emissions #climate #problem #metaphor

4 Likes
anonymiss@despora.de
anonymiss

Self-proclaimed #bitcoin #inventor lied 'repeatedly' to support claim, says #UK #judge

source: https://www.reuters.com/technology/self-proclaimed-bitcoin-inventor-lied-repeatedly-support-claim-says-uk-judge-2024-05-20/

An Australian #computer scientist who claimed he invented bitcoin lied "extensively and repeatedly" and forged documents "on a grand scale" to support his false claim, a judge at #London's High #Court ruled on Monday.

Have you ever found trustworthy people in the #crypto swamp?

#fail #currency #money #finance #cryptocurrency #technology #problem #news #justice #btc #bitcoins

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wazoox@diasp.eu
Emmanuel Florac

Why Credit Money Matters - by Steve Keen

#economics #finance

Ben Bernanke and two other Neoclassicals were awarded the "Nobel" Prize in economics for their work on banking. Their work assumed the validity of the "loanable funds" model of how banks operate—as Bernanke said in his biographical note on the Nobel website, "banks and other lenders are themselves borrowers, since they must raise funds from deposits or in capital markets in order to lend".52F
And yet that model had been flatly contradicted years earlier by the Bank of England (McLeay, Radia, and Thomas 2014) and the Bundesbank (Deutsche Bundesbank 2017).

https://profstevekeen.substack.com/p/why-credit-money-matters-3b2

Why Credit Money Matters

Chapter 10 from my forthcoming book Rebuilding Economics from the Top Down

anonymiss@despora.de
anonymiss

#Ford just reported a massive loss on every electric vehicle it sold

Source: https://www.msn.com/en-us/money/other/ford-just-reported-a-massive-loss-on-every-electric-vehicle-it-sold/ar-AA1nBsrC

Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the #company overall.

#economy #car #fail #finance #problem #electricity #news #usa

One person like that
anonymiss@despora.de
anonymiss

#Pay to stay: #Florida inmates charged for #prison cells long after incarceration

Source: https://www.abcactionnews.com/news/local-news/i-team-investigates/pay-to-stay-florida-inmates-charged-for-prison-cells-long-after-incarceration

Not only can the state bill an inmate the $50 a day even after they are released, Florida can also impose a new bill on the next occupant of that bed, potentially allowing the state to double, triple, or quadruple charge for the same bed.

Capitalism at Its best...

#usa #jail #crime #fail #problem #news #money #finance #capitalism #politics

Pay to stay: Florida inmates charged for prison cells long after incarceration

It's a common saying: You do the crime, you do the time. But when people are released from prison, freedom is fragmented. It marks the start of new hardships, impacting families and communities.

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