Silicon Valley Bank (SVB) failed on Friday, March 10, 2023. Government officials scrambled to reassure the public their deposits aren’t in danger. Are they? At the larger banks, at least, probably not. To begin with, the FDIC insures individual depositors against up to $250,000 of losses. This[...]
Archive for the ‘Business’ Category
Arkansas relaxes child labor laws
Kids under 16 no longer need work permits in Arkansas. The new GOP governor, Sarah Huckabee Sanders (photo, left), a hardcore cheap-labor conservative, signed a bill this week doing away with requiring parental permission for minor children to work. The bill also weakens other child labor protection[...]
Tucker Carlson’s war on M&Ms
“I bet you didn’t think M&M’s were pushing intolerance, but they were!” Tucker Carlson ranted when Mars Inc. changed Green M&M’s boots. He also called Purple M&M “obese.” “M&M’s will not be satisfied until every last cartoon chara[...]
January 20th, 2023 - 10:53 pm § in Business
Will USDA finally crack down on organic food fraud?
In November 2021, a New Yorker article described how a major grain trader got away with passing off non-organic corn and soybeans as “organic” for years, making millions in the process. (Read it here.) What’s striking about that story is how easy it was, how porous the certificatio[...]
January 20th, 2023 - 7:33 pm § in Business
Oklahoma pork plant fired worker, then called cops who killed him
Guymon, Oklahoma, is a town in the dusty Oklahoma panhandle. It was a dying town until the pork plant came in the 1990s. In 2014, an Oklahoma newspaper gushed (here), “On the northeast corner of town, cradled by a cluster of dilapidated trailer homes, sits a business that many credit for start[...]
Airliner of the future
The strut wing design has less drag, making it more fuel-efficient. Read story here. Return to The-Ave.US Home Page[...]
January 15th, 2023 - 3:00 pm § in Business
Food industry corruption
The world is full of people trying to rip you off, and food manufacturers are no exception. You, like the rest of us, have experienced half-empty packages (their excuse is always “it settled,” but in reality they’re suckering you into paying big-package prices for small-package con[...]
Was it worth it? (nsfw)
Jonathan Reeser used to manage day-to-day operations, including supervising employees, at Patients Choice Laboratories in Indianapolis. Emboldened by a sense of either self-righteousness or impunity, or perhaps a generous helping of both, he tweeted the message at left to Rep. Eric Swalwell (D-CA) u[...]
The right’s war against “woke” is based on a discredited 1941 book
And Elon Musk is its knight in shining armor. The book, by James Burnham (1905-1987; bio here), a New York University academic and political theorist, is “The Managerial Revolution: What Is Happening in the World” (you can get it here). Nearly all of Burnham’s sweeping predictions [...]