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Cake day: July 2nd, 2023

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  • The automotive manufacturers General Motors and Chrysler were partially nationalized in the wake of the 2008 Financial Crisis as were several banks… these were less a full government takeover and more of a government guided restructuring, but the government owned large stakes in these companies. Before that, the only full nationalization of anything substantial was the bankruptcy of the Penn Central Railroad and subsequent establishment of Consolidated Rail (branded as ConRail) the US’s only national freight rail company.

    Conrail was later privatized into what is now the private companies CSX and Norfolk Southern. The collapse of Penn Central was the largest bankruptcy in history until Enron in the 1990’s. Amtrak, our national passenger rail corporation, is also a nationalized entity created around the same time as ConRail, for similar reasons, and is still nationalized (although the Trump admin wants to privatize it).
















  • Sad to say, but it’s likely some of this bump they’re getting is TYT listeners/viewers leaving after Cenk and Anna’s latest spar with literally everyone near their orbit (and even losing some contributors). Many -oh so many- disaffected MSNBC viewers turned to non-traditional media after 2016, I cannot imagine how many might be leaving for more actually progressive sources after the recent election… but TYT has fumbled the bag here by both attacking other progressives AND doing shit like Charlie Kirk “debates” and interviews with Tucker Carlson.

    I really hope they turn the ship around, because going after MAGA die hards isn’t the answer. At any rate, Majority Report seems to be doing just fine so there’s that.