Saturday, January 23, 2021
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Real and Phony Problems with Our Trade Deals

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This piece will be appearing in newspapers in my conservative congressional district (VA-06). Trump is right that there are problems with our trade deals. But...

The rich rewards of cutting jobs

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PROFITS ARE up, so it's time to slash the workforce

Those words are the 1st paragraph of a Boston Globe column by Joan Vennochi, titled as is this piece The rich rewards of cutting jobs

It is a lead-in to an examination that starts with Boston's State Street Corporation, where 1,400 employees, 400 in MA, have lost their jobs at a time when corporate profits were up 20& and operating revenues more than 8%.

Vennochi quotes from an internal email from the CEO that this is a deliberate strategy

necessary to "enhance service excellence and innovation'' and drive "a stronger sense of urgency about getting things done.''
 As Vennochi puts it  
Those scary words reflect the new normal in corporate America.