Austerity is as much a political issue, as it is a fiscal one. Saludos to the Argentines in the streets: https://www.reuters.com/article/us-argentina-economy/argentine-austerity-protests-mount-over-macris-imf-backed-measures-idUSKCN1LS305 September 12, 2018 / 1:05 PM / BUENOS AIRES (Reuters) – Labor unions and social groups blocked streets in downtown Buenos Aires on Wednesday to protest austerity measures proposed by the government and backed…
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By MICHAEL HILTZIK FEB 20, 2018 | 9:50 AM Honeywell’s CEO-to-worker pay ratio is a sky-high 333-to-1. But expect even bigger numbers from other firms. (Dreamstime / TNS) The first government-mandated disclosure of the ratio of CEO vs. average worker pay has surfaced, and as has been widely expected, it’s obscene. Technology company Honeywell, in…
By Richard Salame Managers have been trying to control workers for well over a century. Amazon’s new employee-tracking wristbands are just the latest innovation. The latest scandal to emerge from Amazon’s warehouses centers on the company’s newly patented wristband, which gives it the ability to track and record employees’ hands in real time. Some have…
Garry Wills Few crimes are more harshly forbidden in the Old Testament than sacrifice to the god Moloch (for which see Leviticus 18.21, 20.1-5). The sacrifice referred to was of living children consumed in the fires of offering to Moloch. Ever since then, worship of Moloch has been the sign of a deeply degraded culture.…
Protesters gather outside the White House at the finish of the Women’s March on Washington on January 21, 2017, in Washington, DC. (Photo: Mario Tama / Getty Images) A tension between political hunger and fruition runs throughout Kevin Van Meter’s new book on building contemporary revolutionary struggle, Guerrillas of Desire: Notes on Everyday Resistance and…
The always cogent Destin Jenkins on racial wealth inequality, dispossession, and “war capitalism.” The original can be found here: The Racial Wealth Gap and the Problem of Historical Narration By Destin Jenkins on June 27, 2017 From articles in the liberal press to histories of the “Frontiers of Wealth” during “America’s First Gilded Age,” the…