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The Latest Articles by Michael Hiltzik

Michael Hiltzik: How Trump's frenzy of deregulation killed Silicon Valley Bank

Late in 2018, two Trump-appointed banking regulators, Federal Reserve Vice Chair Randal Quarles and FDIC Chair Jelena McWilliams, went on a nationwide tour to meet with regional bank examiners.

Los Angeles Times

Michael Hiltzik: How Disney's lawyers brutally mauled DeSantis over control of Disney World

Did you really believe that Florida's arrogant, petty, childish Gov. Ron DeSantis would get the better of Walt Disney Co. in their fight over Disney's supposed "wokeness"?

Los Angeles Times

Michael Hiltzik: Ironic justice: Laws passed to gut Obamacare are now being used to protect abortion rights

The law of unintended consequences is never as powerful as when those consequences originate from a hasty, ill-considered action.

Los Angeles Times

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Michael Hiltzik: Biden says he wants to bring down drug prices. His actions tell a different story

You might get the impression from the Biden administration's insulin price cut and its initiative allowing Medicare to negotiate over other pharmaceuticals that the drug pricing issue is finally being taken seriously in Washington.

Los Angeles Times

Michael Hiltzik: How DeSantis' attack on education draws from Ronald Reagan's war on UC Berkeley

The candidate strides to the podium and launches into his attack on his state's educational system. Students are being "indoctrinated" with leftist propaganda by radical professors, he declares.

Los Angeles Times

Michael Hiltzik: The Fed's anti-inflation work is almost done, with an assist from the banking crisis

The Federal Reserve Board may owe the banking crisis a thank-you note.

Los Angeles Times

Michael Hiltzik: The Fed's errors have brought the economy to the brink of recession. Raising rates again might send it over

The Federal Reserve system was stung in late 2021 when it declared signs of emerging inflation to be "transitory" and delayed taking strong action to tamp down price increases.

Los Angeles Times

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Michael Hiltzik: Eli Lilly is slashing insulin prices, but hold your applause

Eli Lilly & Co. played the altruism card like a champ on Mar. 1, when it announced steep price cuts on its insulin products of as much as 70%.

Los Angeles Times

Michael Hiltzik: As Silicon Valley Bank's red flags were flying, the Fed was AWOL

On Jan. 18, William C. Martin, a short-seller and former hedge fund executive, warned his Twitter followers that they were missing something important about Silicon Valley Bank.

Los Angeles Times

Michael Hiltzik: With demands for a bank bailout, Silicon Valley shows its 'small government' mantra was just a pose

For decades, the dominant mantra of Silicon Valley's powerful has been that government is just a drag on their innovative spirit. Get regulators off our backs, they've argued, and we'll improve people's lives to an indescribable degree.

Los Angeles Times

Michael Hiltzik: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours

All banking crises throughout history have shared a common element: Short-term depositors try to withdraw their money from institutions locked into long-term assets.

Los Angeles Times

Michael Hiltzik: How touchy-feely Starbucks became the poster child for illegal union-busting

Few American companies strive to project as warm and welcoming an image as Starbucks, in its treatment of customers and workers alike.

Los Angeles Times

Michael Hiltzik: Wall Street Journal tells us to weep for the plight of the very, very rich

Coverage of the richest Americans in publications aimed at their tax bracket tend to fall into two genres.

Los Angeles Times

Michael Hiltzik: A spineless Walgreens bows down to antiabortion crusaders

There has long been reason to question whether, despite its pledges to do the right thing, corporate America will stand up for environmental, social and democratic principles.

Los Angeles Times

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Los Angeles Times

Michael Hiltzik: A transgender patient's lawsuit against Kaiser is a front for the conservative war on LGBTQ rights

California teenager Chloe Cole has become something of a star of the movement to deny treatments to transgender youth.

Los Angeles Times

Michael Hiltzik: While workers struggled during the pandemic, CEO pay went up, up, up

If the poet Percy Bysshe Shelley and the lyricists Gus Kahn and Raymond B. Egan could come back from the grave, they might seek out and thank Warner Bros. Discovery CEO David Zaslav for validating their line about how "the rich get rich and the poor get poorer."

Los Angeles Times

Michael Hiltzik: COVID deniers think a new study says mask mandates don't work. They should try reading it

What is it about conservative COVID deniers and masks?

Los Angeles Times

Michael Hiltzik: Publishers and media watchdogs are struggling with an onslaught of AI-written content

After 17 years as the publisher of short science fiction and fantasy stories at Clarkesworld, the online and print magazine he founded in 2006, Neil Clarke had become adept at winnowing out the occasional plagiarism case from the hundreds of submissions he receives every month.

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Los Angeles Times

Michael Hiltzik: Right-wing culture warriors say wokeness is dead. They can't even define it

Across the intellectual heavens, the cry is heard: "Wokeness is dead."

Los Angeles Times

Michael Hiltzik: The government crackdown on crypto is well underway. Get out while you can

The sun may be setting on the cryptocurrency craze. If you're an investor or even just a curiosity-seeker on the fringes of this financial segment, you might want to prepare for its demise.

Los Angeles Times

Michael Hiltzik: Who's lying about the GOP's plans to cut Social Security? The GOP, of course

President Joe Biden has congressional Republicans all asquirm as he conducts a post-State of the Union speech national tour.

Los Angeles Times

Michael Hiltzik: Big oil companies are already reneging on their global warming promises

If there's an enduring truism about corporate promises to do well by doing good, it's that believing them is a mug's game.

Los Angeles Times

Michael Hiltzik: The fight over the Colorado River is a 100-year-old interstate grudge match

Arizona was girding for war with California over the Colorado River.

Los Angeles Times

Michael Hiltzik: Mike Pence, would-be president, has a plan to kill Social Security. It will cost you

Former Vice President Mike Pence dipped his toes into the presidential campaign waters on Feb. 2 with a proposal that would mean the death of Social Security.

Los Angeles Times

Michael Hiltzik: The bogus, homophobic campaign against Biden's stellar FCC nominee

No one should be surprised that telecommunications companies revved up opposition to the 2021 nomination of Gigi Sohn to the Federal Communications Commission. After all, Sohn was known as an effective critic of the industry's monopoly power and a defender of the public interest.

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