FROM Jesse Eisinger
Mark Zuckerberg and "Impact Investing" At the age of 31, Facebook Founder Mark Zuckerberg is one of the richest men in the world. Now he wants to invest in the future. He and his wife have pledged $45 billion to improve education, cure disease, connect people and build strong communities. It's a form of "impact investing" that supporters call the future of charity. Skeptics say it's a way of escaping taxes and increasing political power. We hear from both sides and look at what happened to Zuckerberg's earlier effort to reform public schools in Newark, New Jersey.
Does America Need a New Model for Disaster Relief? Hurricane Isaac struck Louisiana and Mississippi in August of 2012. Hurricane Sandy hit New York and New Jersey several weeks later. The Red Cross claimed its relief efforts had been “flawless.” But internal documents and insider interviews show more concern about appearing to provide assistance than actually doing the real thing. That’s according to investigative reports by Pro Publica and NPR , denounced by the Red Cross as sensational “witch hunts.” The agency refused to open its records and went to court, claiming release of what it called “trade secrets” would cause it “competitive harm.” How did the Red Cross spend hundreds of millions of donated dollars? Is it prepared to handle future disasters?
Why Are Big Companies Rarely Ever Punished? This week, it's been reported that federal prosecutors are about to file criminal charges against two of the world's biggest banks. But that threat may sound more dramatic in headlines than it will turn out to be in reality. Big corporations are rarely, if ever, punished, and criminal charges against big banks may not be what they seem. That's the conclusion of Jesse Eisinger, senior reporter for Pro Publica , whose story on corporate impunity appears in Sunday's New York Times Magazine .
Why Don't Facts Matter? "Fake News" may have a long history, but social media and 21st Century politics have brought it front and center. One reason for its appeal and its power is the tendency of so many people to cling to their beliefs — even when confronted with contradictory evidence. Today, another look at the Emotional States of America.
In Janesville, WI, Middle America meets the new American dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn't prevent the closing of the General Motors factory after 100 years. We hear what's happened to what once was a model of American middle-class unity.
Trump's ethical conflicts pile up as transparency diminishes President Trump's refusal to reveal his income tax returns is just one example of a lack of transparency that could be hiding conflicts of interest. Other conflicts are already obvious from his appointments. And he's being sued for using his job to increase his profits.