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January 26, 2024

KJ Boyle

Blog Post Anti-MonopolyFTCPharma

The FTC Ain’t Nothin to Mess With

The FTC has won its lawsuit against Martin Shkreli, the pharmaceutical executive infamous for jacking up the price of the antiparasitic drug Daraprim from $13.50 to $750 overnight in 2015 and later using his ill-gotten fortune to buy an exclusive Wu-Tang Clan album for $2 million. Shkreli is the quintessential corporate ghoul, having already racked up convictions for securities fraud—which resulted in an indefinite ban from the securities industries—and failure to pay $1.26 million in New York state taxes. Now, his price gouging has finally caught up with him, as the FTC successfully argued that he spearheaded an anti-competitive scheme to monopolize the drug. The presiding judge found Shkreli’s conduct to be “egregious, deliberate, repetitive, long-running, and ultimately dangerous,” issuing a $64.6 million fine and imposing a lifetime ban from the pharmaceutical industry. 

January 26, 2024 | The American Prospect

Timi Iwayemi

Op-Ed AccountingAnti-MonopolyEthics in GovernmentFinancial RegulationRevolving Door

Corporate Self-Oversight

Accounting’s technical jargon makes the industry obscure to most Americans. It’s likely your next-door neighbor has no idea of the PCAOB’s activities, its responsibility to protect investors, or its history of negligence. That’s expected, but chair Williams is now working to turn the ship around to fix the shortcomings of one of America’s most consequential oligopolies, and it will improve the economic lives of an unaware public.

January 19, 2024

Toni Aguilar Rosenthal

Blog Post Ethics in GovernmentState Attorneys General

The Republican Attorneys General Association Sells Access To Major State Officers Nationwide

The Republican Attorneys General Association (RAGA) is a national organization dedicated to electing and reelecting state-level Republican Attorneys General. It is a partisan political  organization, but it also functions as a dark money influence machine selling access to AGs, their staff, and their offices. 

January 16, 2024

Hannah Story Brown

Letter

ClimateExecutive Branch

147 Groups Call On EPA To Use Clean Air Act Powers to Refer PNW Pipeline Approval to CEQ For Review

On January 16, Bloomberg covered a letter from 147 groups that the Revolving Door Project co-organized with the Center for Biological Diversity and Columbia Riverkeeper, calling on the Environmental Protection Agency to utilize its Clean Air Act Section 309 powers to refer the Federal Energy Regulatory Commission’s approval of the GTN Xpress pipeline expansion to the White House Council on Environmental Quality for review. FERC’s approval of the pipeline disregarded both the National Environmental Policy Act (NEPA), and legally-binding state-level decarbonization commitments in Washington and Oregon.

January 12, 2024

Henry Burke

Hack Watch Artificial IntelligenceCryptocurrencyLarry SummersMedia Accountability

AI Evangelists Won’t Stop Highlighting The Danger Of Their Technology. Can 2024 Be The Year Journalists Stop Parroting Their Claims?

The zero-interest-rate epoch of Silicon Valley is over, and with it, startup grifters are working overtime to ensure their promises of technological revolution are worthy of investment. Can the media learn something from the crypto bubble and start interrogating those espousing revolutionary technological progress?