Find more information on the issues deeply affected by private equity investments:
The Lever reported on how public officials have been using the retirement savings of unionized teachers, firefighters, and police officers to capitalize — and help Wall Street executives profit from — an outsourcing business that has used low-paid immigrants…
The Department of Labor (DOL) has recently launched investigations into at least two private equity-owned companies that have employed children in dangerous working conditions: Packers Sanitation Services (PSSI), owned by Blackstone, and Hearthside Food Solutions, owned by Charlesbank Capital and…
Reuters reported how corporate investors “piled into the U.S. property market during the COVID-19 pandemic, in part as many smaller landlords were hit hard by non-payment from tenants who were protected by eviction moratoria.” See: Reuters; The…
Asking the question, “What does it mean when your family’s home is owned by a private equity firm?” Next City Executive Director Lucas Grindley talked with housing correspondent Roshan Abraham about his reporting on Inquilinxs Unidxs Por Justicia (IX),…
CNBC reported on how institutional investors “may control 40% of U.S. single-family rental homes by 2030” and how “a group of Washington, D.C., lawmakers say Wall Street needs to back away from the market.” CNBC, February 21, 2023: Wall…
The use of automation to improve profit outcomes for large corporations is not a new phenomenon.[1] Even before the creation of computers and cellphones, technology has been used by those in power to lessen the amount of…
Tenants, retirees and community allies across North Carolina have been organizing around the North Carolina Retiree System’s (NCRS) investment in Progress Residential, observing the negative impact the company has had on the residents and communities of North Carolina. PESP’s testimony…
A new post from the Mapping Atlanta blog project investigates Atlanta’s corporate rental landscape, adding important nuance to an already active discussion around renters’ rights, race, extraction, and power. Authored by Taylor Shelton, Assistant Professor of Geosciences at Georgia…
Workers from the Refresco bottling plant in Wharton, NJ, attempted to bring their concerns about conditions in their plant to the corporate headquarters of private equity firm KKR today. It was the second attempt…
Pretium Partners’ Don Mullen is attempting to win back the good graces of lawmakers. In an open letter released the same day the Biden administration launched new federal housing guidelines, the private equity CEO encouraged the White House and…
In the “first such proposal aimed at combating the growth of Wall Street-backed firms that have converted tens of thousands of homes to rentals across the country over the past decade,” Democratic lawmakers in some of…
On October 20, 2022 the Federal Trade Commission (FTC) announced that it was exploring a rule to crack down on junk fees proliferating throughout the economy. The FTC described “junk fees” as “unnecessary, unavoidable, or surprise charges that inflate costs…
