Businesses normally engage in single-minded pursuit of profits — which is what business leaders see as their role and responsibility — and it’s left to government regulators and unions to look out for the health, safety, and best interests of workers. That’s why we need gover[...]
Archive for the ‘Business’ Category
Hershey ad triggers GOP official’s racism
The GOP official is Lisa Leisy, who’s campaigning for Janice McGeachin, a white supremacist and rightwing extremist who hobnobs with violent militia groups and is trying to unseat Idaho’s GOP governor in next year’s Republican primary. Read here what provoked her. (Spoiler: The ad [...]
Kellogg’s to hire strikebreakers
“Kellogg’s plans to start hiring permanent replacements for some of its 1,400 striking cereal plant workers after negotiations broke down again,” ABC News reported on Tuesday, November 23, 2021 (story here). Unionized Kellogg’s workers have been striking since early October o[...]
November 9th, 2021 - 1:26 pm § in Business, Law and Courts
Rent a car, go to jail
Toxic car rental company? Dozens of ex-customers claim Hertz falsely reported rented cars as “stolen” According to lawyers representing former customers, a faulty computer system led to their clients being arrested because rental cars they’d paid for were falsely reported as “[...]
November 1st, 2021 - 2:59 pm § in Business, Law and Courts
Seductress
Elizabeth Holmes is very good at seducing people. She seduced Betsy DeVos and her family out of $100 million. (Trump’s education secretary married into the Amway billionaire’s family.) Now she’s working on the jurors in her fraud trial. She doesn’t say anything. Doesn’t[...]
What’s behind “The Big Quit”?
Americans are quitting their jobs in record-breaking numbers. Nothing like this has been seen since data tracking began two decades ago. What’s going on? Individual reasons vary, of course, but in general they’re fed up, according to labor market observers. Robert Reich, an economist who[...]
Ending unemployment benefits didn’t ease worker shortage
Republicans were wrong again. Earlier this year, even as the Covid-19 summer surge gained momentum, they insisted on ending pandemic unemployment benefits, arguing they kept employers from overcoming labor shortages. How hungry employers actually are for workers — excepting low-paying, bad job[...]
What’s wrong with this billboard?
Everything. First of all, nobody’s going to work for a boss like that if they can help it. The feedback from potential employees is even more explicit: “Nobody owes anyone else their labor.” “I’d be happy to get off my butt and show him exactly where he can kiss it.” “Sounds li[...]
Should Biden reappoint the Federal Reserve honcho?
The Federal Reserve (the “Fed”) has a major impact on the economy. Its monetary policies affect employment, inflation, interest rates, and economic growth. It has the power, by making a policy mistake, can tip the economy into recession. (The Fed also has important regulatory responsibil[...]