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”

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”

On Religious Freedom

A military chaplain, the Rev Ronald Apollo, sued the Bureau of Prisons (BOP) to be able to practice his religious beliefs and won. BOP wanted all personnel to carry pepper spray, including chaplains, so that if attacked by an inmate they could protect themselves. Apollo challenged the rule and now prison chaplains will no longer have to carry pepper spray. That to some may be just another example of how the Christian right asserts its values on the society, but it is more than that. First of Continue reading “On Religious Freedom”