September 01, 2023
The Revolving Door Project’s Ananya Kalahasti and Will Royce released the following statement regarding the US Chamber of Commerce’s lawsuit regarding the Inflation Reduction Act’s Medicare prescription drug negotiation program, and a financial conflict of interest regarding the judge in the Southern District of Ohio.
August 30, 2023 | Revolving Door Project Newsletter
The roughly 35,800 employees of the federal Forest Service, housed within the Department of Agriculture, are responsible for managing 193,000,000 acres of national forests. The mission of the Forest Service is to “sustain the health, diversity, and productivity of the nation’s forests and grasslands to meet the needs of present and future generations.” Yet time and time again, the Forest Service has betrayed this mission in order to service the profit-driven ends of the timber industry, prioritizing commercial timber extraction over recreation and conservation, and ignoring the essential role intact forests play in mitigating our ongoing biodiversity and climate crises.
August 29, 2023 | The American Prospect
Who’s Running Big Pharma’s Last Stand Against Slightly Fairer Drug Pricing
One year after IRA passage, bad actors try to thwart drug price negotiation, and Biden’s efforts to defend it fall short.
August 29, 2023
Joe Biden has no interest in an Obama-style grand bargain to cut Social Security, but Republicans on Capitol Hill are still searching for neoliberal, ostensibly Democratic partners to force bipartisan cuts to the program. On Friday, August 18th, Senator Bill Cassidy (R-LA) took time out of his August recess to tweet “The 2020 election was not stolen, but Social Security is going insolvent. That is what we should be talking about.” A Republican senator advocating Social Security cuts is nothing new, but in a reply to his first tweet, Cassidy attempted to start a conversation within the Beltway by tagging more than a dozen “wonks,” wannabe wonks, and opinion columnists. Among them were two purportedly nonpartisan hacks known for their influence over moderate Democrats — Maya MacGuineas and Marc Goldwein of the Committee for a Responsible Federal Budget.
August 29, 2023
A few days ago, a white supremacist murdered three innocent Black people at a Dollar General store in Jacksonville. Like the shooter in Buffalo and Dylann Roof in Charleston, he had a manifesto that espoused white nationalist talking points and conspiracy theories. The prevalence of racist attacks in recent years underscores the alarming rise of right-wing domestic terrorism in the United States. The problem I want to address is: Who at the highest levels of government is to blame for this?
August 29, 2023
Press Release: Revolving Door Project Decries Fed’s Lack Of Action On Climate Risk Mitigation At Jackson Hole Summit, Calls For Immediate Change Of Course
At the conclusion of the Kansas City Fed’s annual Jackson Hole Economic Symposium, Revolving Door Project Senior Researcher Kenny Stancil and Research Assistant Henry Burke released the following statement:
August 24, 2023 | The American Prospect
In advance of his Jackson Hole speech, the Fed chair has neglected his role of ensuring the safety and soundness of banks with substantial fossil fuel assets.
August 23, 2023
DOJ’s penalty for Booz Allen Hamilton ripping off the government is tens of millions less than a whistleblower thinks the company stole.
August 18, 2023
A company under federal antitrust investigation for helping landlords jack up rents is not a reliable or independent source.
August 17, 2023 | The American Prospect
As long as one party remains totally united behind a man who attempted to overthrow the government by force, was the most corrupt president in American history, and undermines the public’s faith in elections at every turn, the future of American democratic self-government is at risk.
Sounds scary. But what if I told you this was a great opportunity for fun and profit? Silicon Valley–backed startup Kalshi is attempting to expand the amount of gambling on the country’s elections with the introduction of an “event contract” centered around congressional elections. Simply put, the firm aims to allow traders to bet on the event: Which party will win control of Congress?
August 16, 2023 | Revolving Door Project Newsletter
On July 25, 2023, military leaders in Niger, along with members of the Presidential Guard, enacted a coup against President Mohamed Bazoum. Led by General Abdourahamane Tchiani, a Nigerien military officer and self-appointed President of Niger’s military junta, coup plotters detained the democratically-elected President Bazoum, as well as members of his family, threatened to kill him in the event of any military intervention in the coup, and most recently put him on trial for treason.
Despite widespread rumors of an emergent coup in the country, the United States was reportedly “blindsided” by it, and scrambled to respond. Of course, American intel regarding the actual political atmosphere of the country was hindered in no small way by the lack of State Department personnel staffing embassies in the region.