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Showing posts with the label STOP PRIVATE EQUITY GREED

Private equity and AI companies are taking over our public utilities. I’m not having it.

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  This is a longer note about how private equity executives and AI companies are taking over our country’s electrical grid — but I hope you stay with me, because it directly impacts the utility bills you receive every month. Since President Trump took office a year and a half ago, gas and electricity bills have risen by 11%. And private equity — you know, guys who are gutting hospitals, nursing homes, and local malls — they're on track to make things worse. Let me zoom out for a sec and clarify what’s going on: Right now, our country is using much more energy than before. And don’t let them fool you. It's not because you're keeping the AC on longer or running the dryer too much. That increase is coming from AI data centers sucking up more and more electricity. In fact, according to the International Energy Agency, data center electricity demand worldwide will more than DOUBLE by 2029. And as always, Wall Street smells money. Data centers need a tremendous amount of energy t...

How Private Equity Gutted Local Malls: Joann Fabrics, Red Lobster, Claire's, and More.

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  REPUBLICANS CONTINUE TO IGNORE THIS PRIVATE EQUITY SCAM!  IT COSTS JOBS, PENSIONS, INVESTMENTS.... REPUBLICANS NEVER PROTECT CONSUMERS! Senator Elizabeth Warren 242K subscribers May 21, 2026 It’s the same story every time: Private equity marches in, a few wealthy investors buy the outfit, strip out the assets, load the company up with debt, and suck money out of it until it collapses. Then, after thousands and thousands of workers have been laid off, after pensions get raided, and after stores close, those private equity firms walk away with their pockets stuffed with cash. And there goes your local mall and all the stores you grew up with. How this was made Auto-dubbed Audio tracks for some languages were automatically generated. Learn more Ask Get answers, explore topics, and more Ask questions Transcript Follow along using the transcript. Show transcript

Re: Red Lobster

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  Did you see this recent article? It makes a good headline: Restaurant brings back the thing that put them into bankruptcy in the first place. How could a company that offers endless shrimp NOT run out of money AGAIN?! But if anyone looked right beneath the surface, they’d be able to see that Red Lobster’s real downfall wasn’t offering endless shrimp — it was private equity’s endless greed. You see, a private equity firm bought Red Lobster in 2014, and did their thing: Looted profits, loaded Red Lobster up with debt, and saddled the restaurant chain with extra real-estate costs — following a model that reaps rewards for private equity owners but leaves communities, workers, and customers holding the bag. At the end of the day their menu items and promotions don't matter: that's not what sent them to bankruptcy. And Red Lobster isn’t the only victim of this blood-sucking phenomenon. Private equity’s harmful effects go far, far beyond the restaurant industry — from retail stores...