By Liz Iacobucci “About 46,000 GM workers went out on strike yesterday. It’s another case study in how the economy still doesn’t work for the 99%. The company has had strong profits for years. It’s already paid out tens of…
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Stock buybacks jump 93% at largest Central Mass. Public companies following tax change
Grant Welker “In the first half of 2019, Waters Corp., a Milford scientific equipment maker, bought back more than $1.3 billion worth of its own stock: as much as it did from 2014 to 2017 combined. Since a 2017 federal…
Companies do no not value you as much as you may think,
By Ted Bauer “Here’s a good pull quote from this article: The danger of capitalist notions of value is that they’re linked to economic output, a metric that misses, well, almost everything. To an algorithm, the worth of a conversation between…
Stock buybacks are no disease. Here’s how they really work
By William J. McNally “Stock buybacks are a disease! They suppress wages, drive inequality and destroy whole economies. So the Post reported on Aug. 21, in the article, “’The American Disease’: Canadian companies pouring cash into stock buybacks as backlash grows…
How much do you need to retire
By Alison Southwick and Robert Brokamp “Share buybacks have been hotly debated over the past few years. Following the debate, there have been financial discussions, but also many political debates. Let’s take a look at some commonly raised views raised…
Five feet high and rising – Stock market bulls false sense of security
By Richard Mills “US stock markets on Tuesday were like a teenager forced back to school after a summer of fast cars and girls – insolent and bad-tempered. Snapping a three-day winning streak, the Dow and the S&P 500 both…
Summers and the road to Damascus
By Jerri-Lynn Scofield “In what constitutes a volte-face, Lawrence Summers openly admits that monetary policy is ineffective in the current environment of secular stagnation and argues that what is needed instead are “efforts by governments to promote demand through fiscal policies and…
A waitress I knew made $2.13 an hour. I wish she lived to get a fair shake in this economy
By Cory Booker “In late July, on a quiet, tree-lined block in the central ward of Newark, dozens of people gathered at Perry’s Funeral Home to celebrate the life and spirit of an indomitable woman who has forever shaped my…
United States: Business Roundtable Says So Long To Shareholder Primacy—Commits To Deliver Value To All Stakeholders
By Cydney Posner “In a press release issued today, the Business Roundtable announced the adoption of a new Statement on the Purpose of a Corporation, signed by 181 well-known, high-powered CEOs. What’s newsworthy here is that the Statement “moves away from shareholder primacy”…
The American disease’: Canadian companies pouring cash into stock buybacks as backlash grows abroad
By Geoff Zochodne “For someone who grew up in Canada, William Lazonick sure is earning a lot of recognition and citations these days from lawmakers in the United States. The longtime economics professor has for years written about and critiqued…
