A hedge fund called The Baupost Group made $3B after wagering on the insurance claims they bought at a significant discount from insurance companies that represent victims of the CA fires sparked by the utility PG&E--fires made worse due to climate change-fueled drought. Tens of thousands of victims are still waiting on settlement money. But insurance companies sold the claims to get paid upfront, and Baupost got billions after PG&E shares rebounded after PG&E's bankruptcy.
Yanis Varoufakis On 23rd October, Yanis Varoufakis testified in front of the Jury of Conscience in the context of the Gaza Tribunal. His speech focused on the economic forces underpinning the genocide of the Palestinian people. In particular, he spoke on the manner in which capitalist dynamics have historically fuelled the white settler colonial project and, more recently, how the accumulation of a new form of capital - which he calls cloud capital - has accelerated, deepened and amplified the economic forces powering and propelling the machinery of genocide.
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