A group of Democrats has introduced bicameral legislation to ban private equity from owning medical practices as increasingly widespread corporate ownership continues driving up health care costs each year. The bill was introduced Wednesday by Sen. Elizabeth Warren (D-Massachusetts) with the support of 12 other members of the Senate and House. The legislation was based on a law in Oregon…
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We are in a health care crisis. Our system of care is beyond dysfunctional, driven by profit, and unable to serve the Americans who are the most vulnerable. In my congressional district, Hennepin County Medical Center (HCMC), the state’s largest safety net hospital, narrowly avoided closure last month after the Minnesota legislature reached a one-time funding deal to bring it back from the…
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“Kushner is now a billionaire,” proclaimed Forbes in September 2025 of Donald Trump’s son-in-law Jared Kushner. While just over half of Kushner’s wealth — $560 million — comes from his family’s real estate empire, what’s catapulted Kushner into billionaire status is the growth of his private equity firm, Affinity Partners, formed in 2021. “[T]hese days,” said Forbes, Kushner is “laser-focused…
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A new report by the Private Equity Stakeholder Project (PESP) shows that private equity firms now own almost 3 million apartment units in the U.S., which amounts to one in eight apartment units, some 13 percent of apartment units in the country. Approximately half of these units were bought since 2021, highlighting private equity’s turn to the housing market even as the U.S. suffers from a housing…
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Two trends, seemingly separate, have been accelerating over the past few years. First, Wall Street has been plowing billions of dollars into financing data centers. Second, the U.S. military has been ramping up its use of artificial intelligence (AI). Now, these two trends are directly merging. In late March 2026, the U.S. Army announced its selection of companies to build and operate two…
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A battle over a data center complex in rural Western New York may seem like a purely local affair. But an analysis of the project’s owner reveals ties that include the Jeffrey Epstein scandal, the government’s crackdown on U.S. campuses, and the imposition of neocolonial rule over Gaza. Over the past year, residents of Genesee County, New York — located between Buffalo and Rochester — have…
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