Cambodian Slaves Oil This Billionaire’s Fortune

Recently, I mentioned Seymour Hersh’s observation that, while most people count sheep to fall asleep, Henry Kissinger, who orchestrated the massive secret, illegal bombings of Cambodia, must count burned and maimed Cambodian babies. Which makes me wonder: has Amancio Ortega picked up a version of the Kissinger habit, counting overworked Cambodian slaves who have made him the fourth richest person in the world?

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Not Easy To Live In Manhattan If You Aren’t Rich

If you ever read the real estate section of The New York Times, there’s a section on page 2 called “Big Ticket”…it’s the place where you can read about the most expensive sale of the week, and that usually means something around $30-$40 million. Well, then, no wonder the gap between rich and poor in Manhattan is tops in the country.

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S&P: Inequality Hurts State Taxes. Yet Another “Duh”

When do we get to the point when the obvious–DUH–doesn’t come as some surprise or revelation to the elites? Probably never when it comes to inequality because they can’t see because they don’t live it. Last week, I wrote about a “Duh”–the G20 being told that higher wages will lift the global economy. Today, it’s the dopes over at Standard & Poor’s who wake up from a slumber–or self-imposed denial.

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Nation’s LARGEST Pension Fund Sends A Shiver Through Hedge Funds

I’m all for change happening through action in the streets. But, it doesn’t hurt to send a little tremor into the world of the elites in other ways. And that’s exactly what the California Public Employees’ Retirement System (CALPERS) has just done.

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Hey, Corporations: Since You Are A “Person”, Before You Flee The US, Pay Your Taxes–Like People

Ok, so, most sane people don’t buy into the idiotic idea that corporations should have the same standing as people. But, right now, thanks to a majority of morons on the Supreme Court, that’s the law. So, fine, then, while we try to close the loopholes on tax inversions, let’s apply a similar standard: the […]

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Apple Ready To Ring Up More Tax Dodging Profits

Just keep in mind this point: every time your favorite consumer company, the one with that very friendly logo, rolls out a new product, its internal corporate machine is getting ready to dodge taxes.

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On Wages, The Economist Agrees

The other day I wrote about a campaign by the International Trade Union Confederation to push the G20 to make hiking wages the cornerstone of any policy to create a sustained and healthy global economy. The Economist agrees.

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Burger King’s Whopper Strategy: Your Waistline Expands, The Company’s Tax Bill Shrinks

A couple of weeks ago, I wrote about Burger King’s tax inversion strategy–you know, the clever tax dodge strategy that’s all the rage among the corporate elite because it funnels hundreds of billions of dollars overseas and outside the reach of the IRS. Well, that apparently isn’t the half of it. Burger King has a two-pronged approach to screwing the country–at the waistline and at the bottom line.

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A Shocker: G20 Being Told HIGHER WAGES Will Lift Global Economy. Duh.

It never ceases to amaze me how, either because they are intentionally trying to mislead people or because they are just dumb/incompetent, “analysts” or public commentators and/or politicians profess to be flummoxed by the weak economy, the stop-and-go nature of growth and economic activity. Well, this isn’t rocket science: when you have an economy powered mostly by consumer spending and people don’t have money to spend, shit won’t get bought…is this not obvious? And that’s the message–the correct one–being delivered this week to the G20.

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Slipping Away…No Surprise

Certain things I get no pleasure being right about. Like the lack of jobs. But, hey, I said back in July no one should be celebrating short-term hype on the economy. Sure enough…

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Fastfood Workers March/Strike/Arrests: New York City Pics

Today, as many people know, fast food workers went on strike, marched and some participated in acts of civil disobedience in support of a $15-an-hour minimum wage. Here are some pics from New York. PLEASE ADD YOUR OWN–EITHER FROM NYC OR OTHER PLACES!   Going to jail for justice Signs of the times: McDonald’s needs […]

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OECD Confirms: “Bankers & Politicians Screwed Millions Of Workers Globally”

Well, of course, the Organization for Economic Cooperation and Development wouldn’t quite say it that way. But, that is the upshot of what a relatively mainstream operation tells us: the financial crisis is still being felt worldwide, with millions of people out of work who would have been working but for the greed of the bankers and stupidity of politicians, including those in the U.S.

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Bigger Demos For Minimum Wage Hike…Though Still Too Low A Demand

A louder rumble is brewing in the fight to end poverty–also known as the fight to hike the minimum wage. Filling some jails is on the agenda…

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Eliminating The Corporate Tax Has Got To Rank As One Of the Dumbest Ideas

Politics is full of really asinine ideas–let’s see, the Iraq War counts as a good example. But, for perhaps the dumbest one going I’d offer up the mumbling, coming from even some Democrats, to eliminate the corporate tax. It is stupefyingly idiotic–in the midst of the greatest divide between rich and poor in 50 years, and corporate profits rising to record levels even as wage growth remain at its lowest level in half a century.

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Burger King’s Whopper Isn’t Just Food–It’s A Mouthful Of Tax Dodging-And-Lies

Before I rip Burger King a new one, a moment of full disclosure: I haven’t walked into one of those joints in I dunno 25 years. So, maybe it’s worth the whatever it costs now to choke down and swallow that stuff. But, know this: every dollar you put into that place now is basically a contribution to yet another tax dodge–theft from the public’s right to have a decent society.

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Jobs & The Economy: It’s Worse Than You Think

Truthfully, this is not particularly a new idea. For a long time, I, and others, have been pointing out that the data about the economy and jobs does not reflect how bad it really is–and this was true way before the financial crisis. But, drumroll, a little academic cover joins the chorus.

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