Another example of businesses constraining the market place to the detriment of employees.
Workers bound by noncompetes cannot rely on outside offers and free-market competition to fairly value their talents.
Smart leaders treat departing employees as alums, rather than sour exes in a divorce.
Companies with little turnover risk becoming stagnant and myopic. In fact, relying on noncompetes rather than active recruitment and retention creates a market for lemons — a business will end up with employees who stay despite their unhappiness.
Companies Compete but Won’t Let Their Workers Do the Same https://nyti.ms/2pK1zGU
Lobbyists are to blame.
The larger question is why we allow the chemical industry — by spending $100,000 on lobbying per member of Congress — to buy its way out of effective regulation of endocrine disruptors. The industry’s deceit marks a replay of Big Tobacco’s battle against regulation of smoking.
Are Your Sperm in Trouble? https://nyti.ms/2mxZcF9
Wow. A Spectacular lapse by the Federal government. ITT profited for 17 years after the gov knew it was being defrauded. A textbook example of corporate defenders in our government.
Not everybody was a loser in this tale, of course. Going through ITT’s financial filings from 2000 to 2016, I found that the company generated over $12 billion in revenue, roughly 70 percent of it in government-backed student aid.
Beginning in 2001, with George W. Bush in the White House and Republicans ruling the House of Representatives, the winds were shifting in favor of for-profit colleges.
A Whistle Was Blown on ITT; 17 Years Later, It Collapsed http://nyti.ms/2esW0We
The Republicans might get this one right.
The United States system for taxing businesses is a mess.
The current corporate income tax manages the weird trick of both taxing companies at a higher statutory rate than other advanced countries while collecting less money, as a percentage of the overall economy, than most of them. It is infinitely complicated and it gives companies incentives to borrow too much money and move operations to countries with lower tax rates.
The Major Potential Impact of a Corporate Tax Overhaul http://nyti.ms/2jeVcVl
How can someone objectively believe that corporate funded research doesn’t bias scientific outcomes?
There’s just so much evidence that it does. This isn’t to say that every collaboration is biased, but we should presume that it’s more likely to exist than not.
Scientists Loved and Loathed by an Agrochemical Giant http://nyti.ms/2iOYpLm
Of the people, by the people, and for the people.
Except that that’s not how it’s working out these days. It’s working out to be a government for the rich and for corporations.
A recent study found…
that in policy-making, views of ordinary citizens essentially don’t matter. They examined 1,779 policy issues and found that attitudes of wealthy people and of business groups mattered a great deal to the final outcome — but that preferences of average citizens were almost irrelevant.
“In the United States, our findings indicate, the majority does not rule,” they concluded. “Majorities of the American public actually have little influence over the policies our government adopts.”
One reason is that our political system is increasingly driven by money: Tycoons can’t quite buy politicians, but they can lease them. Elected officials are hamsters on a wheel, always desperately raising money for the next election. And the donors who matter most are a small group; just 158 families and the companies they control donated almost half the money for the early stages of the presidential campaign.
America the Unfair? http://nyti.ms/1UdlP9G
Large American and European banks are financing the destruction of rainforest, despite “sustainability pledges which specifically mention deforestation.”
The money is aiding a process that scientists say destroys ecosystems, displaces indigenous communities and covers the region each year in a thick, suffocating smog that stretches from Jakarta to Hong Kong.
How Big Banks Are Putting Rain Forests in Peril http://nyti.ms/2gY48gO