Merger, Less Jobs and Smaller Paychecks

We’re so used to hearing about mergers, we don’t give them sufficient attention. Some are well known names, Amazon bought Whole Foods, Cigna bought Express Scripts, and some are names we may not often hear such as Marathon Petroleum buying rival Endeavor. There are also those which are proposed, AT&T merger with Time Warner or T Mobile with Sprint, for example. The number of mergers keeps growing; so far in 2018 $1. 7 trillion worth of deals have occurred and more are expected. We Continue reading “Merger, Less Jobs and Smaller Paychecks”

Bankruptcy and the Poor

In 2005 Congress passed a new bankruptcy law to prevent abuses, it made getting a lawyer necessary. But of course many can’t afford one. Some wait until their tax refunds, so much so there is a spike in bankruptcy filings from March to May. Some file under Chapter 13 which means their debts have to be repaid usually over 5 years.  Chapter 13 requires a lawyer too, and those fees have to be added to the list of debts. Many default and then it all falls through. There are also bankruptcy services which Continue reading “Bankruptcy and the Poor”

Private Equities and Toys ‘R’ Us

How do popular stores like Toys ‘R’ Us end up filing for bankruptcy?  The behind the scene story opens a window on the role of private equity funds in our society. “Thirty-three percent of retail job losses from 2016 through 2017 resulted from private-equity backed store closures…,” according to a report by Inflection Capital Management, an equity fund consulting firm. Due to competition from e-commerce Continue reading “Private Equities and Toys ‘R’ Us”

Fasting and Silicon Valley

iFasting, Mouth Timer, Grumbli, Foodless Lite, Pizza Prison, Fork Busters. These are the names of companies which are based on a current craze in Silicon Valley: Fasting. Silicon Valley is filled with young, affluent, pampered, intelligent people who, among other things, are always on the lookout of what could improve their comfort, physical, emotional or intellectual—and for many it also includes what Continue reading “Fasting and Silicon Valley”