Working Life

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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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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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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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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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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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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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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