Working Life

For Corporate America, it’s “Morning in America”, babe. Time to party, break out the champagne, lock in a little trip on the Gulfstream to the South of France. For the rest of the people, oh, well, nose to the grindstone–it’s as dark as can be.

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In case you didn’t notice, your taxes went up at the beginning of 2013–and you probably didn’t notice. Nor did most of the country. And that’s a good thing for Social Security

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Numbers sometimes tell a story. Today, it’s 63 million. 63 million is the only number you can remember to explain to the dim politicians and “analysts” who just don’t understand why the global economy is stumbling along. It’s simple math.

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A billion here, a billion there…all of a sudden…yeah, you’re talking real money. And one assumes that’s what the accountants at banks figure when they smile about the latest scam to pad the bottom line for banks. It’s called “dividend arbitrage”–and that “arbitrage” already gives a hint.

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I’m not really shocked by this. But, still worth spreading the word.

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That Amazon is a very ugly company to work for is no secret. And it’s doing so not just in the U.S. but all over the world. Germany is the latest battleground.

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Today, I’ve been attending this conference, “Employment and Decent Work for Inclusive and Sustainable Development”. A little nugget and perhaps an obvious revelation came midway through the conference.

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A week ago, I wrote about CALPERS’ decision to basically get out of hedge funds. Yesterday, Gretchen Morgenson asked whether the love affair with hedge funds is over?

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I’ve been waiting for a reason to write about this. Unfortunately, the collision in Central Park between a cyclist and pedestrian gives me a chance to do so.

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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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