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 .
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?