Tag: Business

“When We Say ‘Pharma Greed Kills,’ This Is What We Mean”: Critics Respond to Possible Purdue Bankruptcy

 

After spending hundreds of millions of dollars convincing the American public that opioid painkillers are safe to use for chronic pain—and fueling a deadly, decades-long addiction epidemic as a result—the drug maker Purdue Pharma could file for bankruptcy to avoid being held accountable for its actions.

According to Reuters, Purdue is considering bankruptcy to halt thousands of lawsuits and allow the company to settle with the plaintiffs out of court.

via “When We Say ‘Pharma Greed Kills,’ This Is What We Mean”: Critics Respond to Possible Purdue Bankruptcy

How Kushner and other Key Trump Officials Plotted to Give Saudis the Atom Bomb in Return for Billions

Ann Arbor (Informed Comment) – The House of Representatives’ Committee on Oversight and Reform has issued a Report on a plot to make billions of dollars by selling Saudi Arabia sensitive American nuclear technology that could allow the Kingdom to develop nuclear weapons. The scheme required breaking US law, which forbids technology transfers that might allow nuclear proliferation.

This scheme is the ultimate in criminality, where US government resources (remember the Manhattan project?) are given away to another government by the white collar criminals now running the US government so that they can scoop up private massive fortunes rivaling those of the richest persons in the world such as Jeff Bezos and Bill Gates.

 

via How Kushner and other Key Trump Officials Plotted to Give Saudis the Atom Bomb in Return for Billions

‘Epidemic of time theft’: Australians work two months’ unpaid overtime a year | Australia news | The Guardian

Workers in their early and mid-career do the most unpaid overtime – 7.85 hours a week for those aged 25-34 and 7.4 hours a week for those aged 35 to 44, AI says.

Australia Institute finds employers get six hours’ free work a week from each employee, while thousands are underemployed

via ‘Epidemic of time theft’: Australians work two months’ unpaid overtime a year | Australia news | The Guardian

The Turnbull demolition and the Murdoch coincidence

Just over a week ago, on Friday 10 August, U.S. media mogul Rupert Murdoch’s private jet touched down in Sydney and unloaded him back in the land whose citizenship he’d spurned years before for reasons of rank ambition and untrammelled greed.

Rupert Murdoch owns a very big business — News Corp, which produces 60 per cent of the newspapers in Australia by circulation and operates the only cable network. He would have also seen Turnbull emerge from the Party room last Tuesday, overjoyed his caucus had endorsed his centrepiece energy policy, the National Energy Guarantee (NEG). Much of the media declared this a triumph for the (current) Prime Minister. Murdoch probably wouldn’t have agreed, being not only a climate change denier, but also an oil-man.

via The Turnbull demolition and the Murdoch coincidence

The biggest business in the country is run by amateurs whose self-interest comes before that of its shareholders – » The Australian Independent Media Network

Annual government expenditure is over $450 billion per year making it, by far, the biggest business in the country.

They decide what percentage of our income they will take and how they will spend it. They have total control over our common wealth and the ability to sell our assets as they please.

They make our laws. They can send us to war. They can choose to ignore existential threats like climate change.

via The biggest business in the country is run by amateurs whose self-interest comes before that of its shareholders – » The Australian Independent Media Network

The hard-nosed investors behind the Rockpool empire

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When is Corporate theft deemed a crime. Steal off a Corporation it’s a jailable offense? A Corporation steals off it’s enmployees it’s “hard nosed business” someting is seriously wrong and its systemic because our system allows it to happen. (ODT)

It is what Quadrant is doing with Rockpool Dining Group, which is expanding rapidly, has become heavily indebted and according to former senior management has a ruthless focus on costs and wages.

The downside is the mountains of evidence of systemic issues at Rockpool Dining Group around the underpayment of workers through the heavy use of unpaid overtime.

via The hard-nosed investors behind the Rockpool empire

Something is Rotten – » The Australian Independent Media Network

 

There is a foul stench emanating from planet earth. The noxious smell emanates from a single destructive paradigm. That festering greed is known as capitalism. On a single planet with finite resources, the philosophy of capitalism is terminal for the planet and all who reside on it.

Something is Rotten – » The Australian Independent Media Network

How Rupert Murdoch could respond to the latest Sky curveball

 

The last thing Rupert Murdoch needed, during a two-month recovery from a fall on his son’s yacht, was to be thrown a curve ball.

But that’s exactly what he faces after Brian Roberts, chief executive of US telecommunications company Comcast, announced a £22.1 billion ($39.4 billion) rival bid for British broadcaster Sky on Tuesday evening.

via How Rupert Murdoch could respond to the latest Sky curveball

Let’s remember the Schoolchildren US & Russian bombs are killing, too

 

Let’s remember the Schoolchildren US & Russian bombs are killing, too

The US-backed Saudi-led war on Yemen is keeping two million children out of school (Yemen is a country of 27 million). Worse, schools and schoolchildren have repeatedly been struck from the air by Saudi, UAE, Moroccan and Jordanian pilots using American-supplied planes and bombs, in a campaign backed by Washington and the Pentagon and the United Kingdom. The US military supplies logistics, refueling and targeting advice to the aggressors.

via Let’s remember the Schoolchildren US & Russian bombs are killing, too

Can American Democracy survive six Standing Wars? | Informed Comment

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Whether the rationale is the need to wage a war on terror involving 76 countries or renewed preparations for a struggle against peer competitors Russia and China (as Defense Secretary James Mattis suggested recently while introducing America’s new National Defense Strategy), the U.S. military is engaged globally. A network of 800 military bases spread across 172 countries helps enable its wars and interventions. By the count of the Pentagon, at the end of the last fiscal year about 291,000 personnel (including reserves and Department of Defense civilians) were deployed in 183 countries worldwide, which is the functional definition of a military uncontained. Lady Liberty may temporarily close when the U.S. government grinds to a halt, but the country’s foreign military commitments, especially its wars, just keep humming along.

via Can American Democracy survive six Standing Wars? | Informed Comment

Like bees to a honey pot, foreign defence manufacturers flock to Australia – » The Australian Independent Media Network

When the government announced that it would spend $400 billion over the next twenty years on defence materiel and that it would, in opposition to its supposed commitment to free trade, adopt a protectionist requirement for local content, foreign defence manufacturers flocked like bees to a honey pot.

via Like bees to a honey pot, foreign defence manufacturers flock to Australia – » The Australian Independent Media Network

Should Western Countries be Selling Masses of Arms to Saudi Arabia? | Informed Comment

By Riccardo Labianco | (The Conversation) | – – Since the catastrophic Yemeni civil war began in 2015, the British …

Source: Should Western Countries be Selling Masses of Arms to Saudi Arabia? | Informed Comment

‘Come at me you parasites’: a real live intern reacts to Path program | First Dog on the Moon | Opinion | The Guardian

Ian the Climate Denialist Potato has invited Bethany the intern to speak to his new coffee shop franchisees. But does he know she’s in the union?

Source: ‘Come at me you parasites’: a real live intern reacts to Path program | First Dog on the Moon | Opinion | The Guardian

Is business starting to get spooked about Donald Trump? | Larry Elliott | US news | The Guardian

After his U-turns at home and Dr Strangelove-style antics abroad, markets and investors are supposing that the president is making it up as he goes along

Source: Is business starting to get spooked about Donald Trump? | Larry Elliott | US news | The Guardian

JPMorgan boss says depressing wages for low-paid workers is not good for business – ABC News (Australian Broadcasting Corporation)

ACTU secretary Sally McManus has a surprising ally in one of the world’s most powerful bankers in her fight against pay cuts

Source: JPMorgan boss says depressing wages for low-paid workers is not good for business – ABC News (Australian Broadcasting Corporation)

Brexit: British company moves HQ to Europe after 122 years of trading in UK, says it ‘can’t afford to wait’ for Article 50 | The Independent

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A major Lincolnshire employer has announced it is moving its headquarters to Europe as a direct result of the Brexit vote in June. Anxiety over the cost of a hard Brexit, which would see the UK drifting away from cooperation with the rest of the EU, has compelled Smiffys to open a new headquarters in the Netherlands.

Source: Brexit: British company moves HQ to Europe after 122 years of trading in UK, says it ‘can’t afford to wait’ for Article 50 | The Independent

Brexit: UK construction sector heading for ‘brick wall’ as infrastructure projects suspended | Business News | News | The Independent

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The UK construction industry will slam into a “brick wall” early next year due to the massive uncertainty created by the Brexit vote, an industry source has warned. A person in the sector, who contacted The Independent but did not want to be named, said that since the shock referendum result was announced last Friday morning anxious international investors have already pushed the pause button on future UK infrastructure investments.

Source: Brexit: UK construction sector heading for ‘brick wall’ as infrastructure projects suspended | Business News | News | The Independent

The Massive Prison Industry In The United States: Big Business & Slavery | Collective-Evolution

Despite the fact that various social, political, and human rights organizations have condemned the United States’ prison system, it remains one of the biggest businesses in existence today. Did you know that America has four percent of the world’s population, yet still carries approximately twenty five percent of the world’s prison population? That is a staggering […]

Source: The Massive Prison Industry In The United States: Big Business & Slavery | Collective-Evolution

Defense Contractors Cite “Benefits” of Escalating Conflicts in the Middle East | Common Dreams | Breaking News & Views for the Progressive Community

Major defense contractors Raytheon, Oshkosh, and Lockheed Martin assured investors at a Credit Suisse conference in West Palm Beach this week that they stand to gain from the escalating conflicts in the Middle East. Lockheed Martin Executive Vice President Bruce Tanner told the conference his company will see “indirect benefits” from the war in Syria, citing the Turkish military’s recent decision to shoot down a Russian warplane.

Source: Defense Contractors Cite “Benefits” of Escalating Conflicts in the Middle East | Common Dreams | Breaking News & Views for the Progressive Community

Nations that sent the most arms to Syria have accepted the fewest refugees. Cost Benefit analysis of arms suppliers to Syria

the 8 countries that sent the most weapons to Syria since 2011 only accepted 2 percent of the refugees Germany has taken in.

Source: Nations that sent the most arms to Syria have accepted the fewest refugees