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Death or Debt? National Estimates of Financial Toxicity in Persons with Newly-Diagnosed Cancer

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[Debt, death, and the corporatocracy. The complete text is available by clicking the link above. "At year +4, financial insolvency extended to 38.2%, with several consistent socioeconomic, cancer-related, and clinical characteristics remaining significant predictors of complete asset depletion." Trump working hard to make the American healthcare system great again. *RON*]

Adrienne M. Gilligan, David S. Alberts, Denise J. Roe, & Grant H. Skrepnek, The American Journal of Medicine, Volume 131, Issue 10, Pages 1187–1199, October 2018


ABSTRACT

Purpose

The purpose of this study was to evaluate the impact of cancer upon a patient's net worth and debt in the US.

Methods

This longitudinal study used the Health and Retirement Study from 1998–2014. Persons ≥50 years with newly-diagnosed malignancies were included, excluding minor skin cancers. Multivariable generalized linear models assessed changes in net worth and debt (consumer, mo…

Billionaires Are the Leading Cause of Climate Change

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["there is no "free market" incentive to prevent disaster ... Nothing illustrates this phenomenon better than the burgeoning climate-change investment industry. According to Bloomberg, investors are looking to make money off of everything from revamped food production to hotels for people fleeing increasingly hurricane-ravaged areas. A top JP Morgan Asset investment strategist advised clients that sea-level rise was so inevitable that there was likely a lot of opportunity for investing in sea-wall construction." *RON*]

Luke Darby, GQ, 11 October 2018


As the world faces environmental disaster on a biblical scale, it’s important to remember exactly who brought us here.

This week, the United Nations released a damning report. The short version: We have about 12 years to actually do something to prevent the worst aspects of climate change. That is, not to prevent climate change—we're well past that point—but to prevent the worst…

Billionaire Bureaucrats

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[Democracy and the 1 percent. There are many subtleties to capitalist domination over the state. When the mega-rich literally assume office, those subtleties go out the window. *RON*]

Meagan Day, Jacobin Magazine, 12 October 2018


Over the last century and a half, the American state has at times been swayed by popular movements and cowed by the threat of uprisings, and parts of it have been captured intermittently by reformers. But as shown by the recent election of a billionaire president and his appointment of a corporate cabinet which has ruthlessly pursued a pro-capitalist agenda, the state remains dominated by the ruling class.

The Trump administration may be egregiously corporate, but it’s not exactly unique. A new paper by Timothy Gill called “The Persistence of the Power Elite: Presidential Cabinets and Corporate Interlocks, 1968–2018” looks at state-corporate relations through presidential cabinet appointments. He finds that the door betwee…

White Women, Come Get Your People

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[A powerful piece. Q. Which will Republican women politicians protect - their sex or their privilege? A. They will defend their privilege to the death. *RON*]

Alexis Grenell, New York Times, 6 October 2018


After a confirmation process where women all but slit their wrists, letting their stories of sexual trauma run like rivers of blood through the Capitol, the Senate still voted to confirm Judge Brett M. Kavanaugh to the Supreme Court. With the exception of Senator Lisa Murkowski of Alaska, all the women in the Republican conference caved, including Senator Susan Collins of Maine, who held out until the bitter end.

These women are gender traitors, to borrow a term from the dystopian TV series “The Handmaid’s Tale.” They’ve made standing by the patriarchy a full-time job. The women who support them show up at the Capitol wearing “Women for Kavanaugh” T-shirts, but also probably tell their daughters to put on less revealing clothes when they go out.

T…

Sears craters after filing for bankruptcy (SHLD)

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[This appears to be a combination of the more general crash-and-burn of the retail department store market with added mismanagement specific to Sears. *RON*]

Jonathan Garber, Markets Insider, 15 October 2018

Sears Holdings filed for Chapter 11 bankruptcy early Monday morningThe iconic American retailer will close 142 stores by year end and Eddie Lampert will step down as CEO but remain chairman.Sears was down as much as 25% ahead of the opening bell.Watch Sears trade in real time here.

Sears Holdings shares traded down as much as 25% ahead of Monday's opening bell after the company filed for Chapter 11 bankruptcy early Monday morning. The stock had trimmed its losses, and was down about 12% at 8:24 a.m. ET.

The iconic American retailer, which has seen sales cut in half since 2014, announced it would close 142 stores before the end of year and that CEO Eddie Lampert will step down. Lampert will remain the company's chairman.

"Over the l…