We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly,” wrote JP Morgan analysts this week. They were describing the reputation crisis facing Tesla, one of the world’s leading electric vehicle manufacturers. The problem for Tesla is straightforward: their CEO, Elon Musk, has embraced hard-right politics. He has supported the neo-Nazi-friendly AfD party in Germany and even made a gesture that looked an awful lot like a Nazi salute at Donald Trump’s inauguration. (Nazis were certainly thrilled by it.) Musk has a leading role in a presidential administration that is waging war on the civil service and gutting climate and environmental policies.
Economics
Nick Shaxson: Tax justice and the coronavirus
The Covid-19 Coronavirus pandemic is, at least on available evidence, striking rich western countries the hardest so far. Lower-income countries will be hit hard too, however: massive capital flight is already underway. And in all […]
Climate Crisis
Byline Times: Just Stop Oil Protestors Receive Harshest Jail Terms Yet in Case that ‘May Violate Human Rights Law’
The trial and sentencing of the protesters has been described as a “low point in British justice” and an “assault on free speech” Read HERE
Corruption
European CEO: European banking regulator faces criticism after failing to take action on Danske Bank scandal
This is pretty much par for the course with regard to the EU and financial crime. What do laws and regulations matter, when it is a question of the intereests of financial trans-nationals. Read here
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