Tag: featured

The economy of the Ukraine

I had a friend in New York, a fellow immigrant from USSR, a specialist in the cement production. He was invited by his friend, one of new Ukrainian ‘oligarchs’, to oversee national production of cement. My friend came to the meeting of the new oligarchs with his plan of the development of modern efficient production, which obviously needed some investment. To his great surprise new billionaires had met my friend’s plan with loud laughter: “Who cares about the future of this doomed country? Get as much as possible today, even if it means complete destruction of local infrastructure.” My friend flew back to New York.

To Keep Teenagers Alert, Schools Let Them Sleep In

During puberty, teenagers have a later release of the “sleep” hormone melatonin, which means they tend not to feel drowsy until around 11 p.m. That inclination can be further delayed by the stimulating blue light from electronic devices, which tricks the brain into sensing wakeful daylight, slowing the release of melatonin and the onset of sleep. The Minnesota study noted that 88 percent of the students kept a cellphone in their bedroom…

McDonald’s stole wages, workers’ lawsuits say

The lawsuits detail a range of violations, including the use of software that monitors the ratio of labor costs as a percentage of revenue. When that ratio climbs above a target, attorneys say workers are forced to wait around before they can clock in. In Michigan, lawyers said workers have to pay for their own uniforms, which further eats into their already low wages.

A Relentless Widening of Disparity in Wealth

If anything, this means future inequality in the United States will be driven by two forces. A growing share of national income will go to the owners of capital. Of the remaining labor income, a growing share will also go to the top executives and highly compensated stars at the pinnacle of the earnings scale…

Man freed after decades on La.’s death row

According to Ford’s attorneys, his trial was “profoundly compromised by inexperienced counsel and by the unconstitutional suppression of evidence at his trial, including information from an informant, a suppressed police report related to the time of the crime and evidence of the murder weapon, which implicated the true perpetrator.”