25 August 2020

Stock Market Message To American Workers: Shrinking Labor Demand

The problem with companies is people. . ."Like many things, Covid is just accelerating social transformation, concentration of wealth in a few hands, massive inequalities, competition issues and all that.”
In a year when all manner of inequality is under fire -- gender, racial, wealth -- the stock market has drawn scrutiny as an institution that both reflects and amplifies it, where the rich get richer by taking humans out of the process. . .
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Paramount’s Media Heiress Will Leave the Stage After Last Act in a Chaotic Drama

An $8 billion deal Shari Redstone struck with Skydance Media must go through the FCC next year; new owners seek over $2 billion in cost cuts...