Harming Children at the Border

There is something ugly, perverse and cruel about separating children from their parents at the border when they try to either cross illegally or seek asylum. Just because there is a law against it does not make them criminals. There is a difference between crossing a border to seek help, escape violence or seek a better life and willfully harming another. Besides some laws as Martin Luther King, Jr. well knew, are unjust. And he as St Augustine before him believed that we have the right to Continue reading “Harming Children at the Border”

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”