Mammon category archive
What You Don’t Drink Can’t Hurt You 0
Farron has the latest from the Environmental Predation Agency.
The Art of the Foxconn 0
Scott Bauer delves into how Scott Walker and Wisconsin got Foxconned. A snippet:
Much more at the link.
(Broken link fixed.)
Facebook Frolics 0
Clueless frolics.
All the News that Fits 0
Thom wonders whether media corporations’ quest for profit is affecting their news coverage, in particular in choosing which stories to cover and which to ignore (or, at least, to de-emphasize).
How Far Will Wells Fargo 0
One more time, pretty damned far.
Follow the Money 0
Trump’s political appointees will get raises as federal employees furloughed during the Trump shutdown suffer.
Carrion Crows 2
Peter Whoriskey explains the hedge fund buy-out con and how it stiffs honest working persons. A snippet:
The anger arises because although the sell-off allowed Sun Capital and its investors to recover their money and then some, the company entered bankruptcy leaving unpaid more than $80 million in debts to workers’ severance and pensions.
For Sun Capital, this process of buying companies, seeking profits and leaving pensions unpaid is a familiar one. Over the past 10 years, it has taken five companies into bankruptcy while leaving behind debts of about $280 million owed to employee pensions.
Punk’d in the Pocketbook 0
You may have heard about the Payless Shoe chain’s “Palessi” prank, in which Payless invented a tony ersatz brand, “Paylessi,” and gulled folks with more money than sense into paying hundreds of dollars for $20 shoes.
At Psychology Today Blogs, Utpal Dholakia draws three lessons from this. Here they are; follow the link for a detailed discussion of the Paylessi prank and of each of these items.
- We should be skeptical of recommendations given by influencers and so-called experts.
- We should treat brands like wrapping paper on a Christmas present, not the present itself.
- When making a purchase decision, we should pay attention to the product features that really matter.
