Commentary
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Our commentary partners will help you reach your own conclusions on complex topics.
With many Americans struggling to make ends meet as prices surpassed wages, it’s disturbing to know that at least 183 members of Congress are playing the stock market and thriving, often raking in money hand over fist. These leaders who wield unmatched power are uniquely positioned to gain exclusive information that impacts Wall Street get they can legally use said position as public servants to get rich. Lawmakers must be banned from trading stocks not only because it’s unfair, but also because it’s corrupt. A recent New York Times investigation of trades between 2019 and 2021 revealed that some 81 Democrats and 101 Republicans made up to 3700 stock trades raking in at least about $100 million. Of the 183 politicians of the times looked at more than 90 sat on committees that directly oversaw the public companies of which they were trading stocks. These members of Congress have a vested interest in the success of the companies they’re supposed to be minding. There’s no objectivity there. Nor can there be when these lawmakers stand to economically benefit from their decisions. For example, 25% of those on the energy and National Resources Committee, were trading either Exxon or Chevron stock. While What 30% of the environmental committee traded oilfield services, yet we’re supposed to believe that these committee members will hold oil and gas companies accountable, you know curbing with the business for the betterment of our society. I’m not foolish enough to put that level of trust in our leadership, whether Republican or Democrat, the opportunistic greed is bipartisan. Alan Loewenthal, a Democrat from California, for example, who sits on the National Resources Committee had his wife rally a Sunrun stock making a return of 780%. After being briefed that the Commerce Department was launching an investigation into an Ohio based mining company, Pennsylvania, Republican Mike Kelly had his wifey trade on the Cleveland company stock for a 300% gain. Don’t even get me started on Speaker of the House, Nancy Pelosi. This corrupt abuse of power is not a partisan issue. It’s a greed issue. These people not only make a minimum of $174,000 a year, but they enjoy premium health care and a sweet retirement package that may include a cush pension, our lawmakers have passed laws to ensure they’re set. All while we the people struggle to make rent going from crisis to crisis make that make sense? Who really can’t. Under the existing law known as the Stock Act, members of Congress can buy and sell stocks and bonds and other instruments as long as they or their immediate family members aren’t trading on inside information valued at $1,000 or more within 45 days of acquiring the knowledge. That’s when he told law is cute, but it’s not cutting it, which is why both House and Senate have been trying to tighten the rules. Something must be done to eliminate this ethical conflict and soon have the top 20 members of Congress who increase their net worth since taking office. The average increase was 422% a year. Politics should be about the people not becoming a legend at the bank. Yet the typical member of Congress is 12 times richer than the typical American. The American people deserve better than politicians who use their positions as public servants to fill their coffers. Until we ban stock trading by lawmakers and spouses and heavily prosecute those who violate such ban. Congress will continue to be a place for charlatans to get rich rather than to represent the people
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Supreme Court must end criminalization of homelessness
On April 22, the U.S. Supreme Court addressed the nation’s homelessness crisis, considering whether an Oregon city had the right to ban homeless people from camping in public spaces. A majority of justices appeared inclined to support the city’s efforts to regulate homeless encampments on public grounds. This decision carries significant implications for the growing…
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Why are non-consensual pelvic exams still happening?
More states are beginning to crack down on the surprisingly common practice of medical students and professional staff performing non-consensual pelvic exams on unconscious men and women in hospitals, universities and other medical facilities. Just one year ago today, those practices remained legal in a majority of U.S. states. Now, however, a new directive from…
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Congress should repeal the Foreign Dredge Act
The collapse of Baltimore’s Key Bridge presents challenges for cleanup and construction crews who rely on dredging vessels to complete their work. That’s partly because of the Foreign Dredge Act, a 1906 law that prohibits foreign-made dredging vessels. Congress is now introducing a measure to revise parts of that law, although previous attempts to do…
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Gen Z women must fight for their rights
Gen Z, the first “digital native” U.S. generation, is entering the workforce, studying at university and serving in the military. From school shootings and cyber-bullying to COVID-19 and the overturning of Roe v. Wade, this generation has been shaped by unique trends and events, and how they will behave as citizens and voters is an…
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Users must have rights in Big Tech’s AI race
Big Tech companies across the board, including Meta, X, Amazon, Microsoft, and Alphabet are racing to draft policies that enable them to use user-generated content to train advanced generative AI models without user permission or compensation. The Federal Trade Commission is investigating where it can, but government regulations lag far behind the rapid pace of…
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