Tag: U.S. Securities and Exchange Commission

Analysis: Federal Fiscal Burden Consumes 93 Percent of America’s Wealth

South Carolina Sun Staff

Based on data from a U.S. Treasury report, the federal government has amassed $142 trillion in debts, liabilities, and unfunded obligations. This staggering figure equals 93% of all the wealth Americans have accumulated since the nation’s founding, estimated by the Federal Reserve to be $152 trillion.

Unlike other measures of federal red ink that cover an arbitrary period, extend into the infinite future, or ignore government resources, the figure of $142 trillion applies strictly to Americans who are alive right now and includes the government’s commercial assets. Thus, it quantifies the financial burden that today’s Americans are leaving to their children and future generations.

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Commentary: The Financialization of Nature

South Carolina Sun Staff
Power Plant Money

Financialization: “A pattern of accumulation in which profit making occurs increasingly through financial channels rather than through trade and commodity production.”
– Greta Krippner, Economic Sociologist, University of Michigan

There are plenty of examples of how America’s economy shifted from a production-based economy to a financially-based economy over the past forty years. Starting around 1980, with the economies of post-World War II Europe and Japan fully rebuilt and roaring, and emerging Asian economies turning into powerhouses of manufacturing as well, America chose financialization as an alternative to rising up to meet the competition.

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SEC Rules Tech Company Can’t Block Free Speech Resolution

South Carolina Sun Staff
Apple Store

The U.S. Securities and Exchange Commission (SEC) declined on Tuesday Apple’s request to block votes for a “free speech” shareholder resolution.

The resolution, submitted by the American Family Association (AFA), would have Apple investigate how it curates content and issue a report to address concerns that company policies enable restricting speech based on viewpoint. The SEC shot down Apple’s bid to exclude the resolution from the ballot at its upcoming 2024 Annual Meeting of Shareholders, ensuring a vote on the resolution in the spring, according to the Alliance Defending Freedom (ADF).

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