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Category Archives: Economy

It’s Not Just the Glass Ceiling — Career Barriers for Women Start at the Management Level

New York Public Radio – “For women climbing the corporate ladder, the “glass ceiling” may not be the primary barrier keeping women out of top spots in leadership.  A new report from LeanIn.org and McKinsey and Company says women actually run into the most significant barrier to their success early in their careers: the first step up to manager. It’s called the “broken rung” on the corporate ladder, and it affects women of color even more than their white counterparts. Rachel Thomas, CEO and co-founder of LeanIn.Org, joins The Takeaway to talk about the “broken rung” and what we can do to fix it. Click on the ‘Listen’ button above to hear this segment. Don’t have time to listen right now? Subscribe for free to our podcast via iTunesTuneInStitcher, or wherever you get your podcasts to take this segment with you on the go…”

Inside TurboTax’s 20-Year Fight to Stop Americans From Filing Their Taxes for Free

ProPublica – Using lobbying, the revolving door and “dark pattern” customer tricks, Intuit fended off the government’s attempts to make tax filing free and easy, and created its multi-billion-dollar franchise. “…Intuit’s QuickBooks accounting product remains a steady moneymaker, but in the past two decades TurboTax, its tax preparation product, has driven the company’s steadily growing… Continue Reading

How Britain’s backyard bird feeders are shaping evolution

World Economic Forum – “Britain’s love affair with garden birds is reshaping its avian population. Several species have grown in number and overall diversity has increased, according to new research that explores the impact of the nation’s obsession with bird feeders. With at least half of all British households catering for the birds in their… Continue Reading

Analysis Shows Top 1% Gained $21 Trillion in Wealth Since 1989 While Bottom Half Lost $900 Billion

Commondreams.org: “Adding to the mountain of statistical evidence showing the severity of U.S. inequality, an analysis published Friday found that the top one percent of Americans gained $21 trillion in wealth since 1989 while the bottom 50 percent lost $900 billion. Matt Bruenig, founder of the left-wing think tank People’s Policy Project, broke down the… Continue Reading

Worker pay is stagnant – economists blame robots

CBS News: “American workers are more productive than ever, but their paychecks haven’t kept pace. Researchers with the Federal Reserve Bank of San Francisco have a culprit: robots. Economists Sylvain Leduc and Zheng Liu theorize that automation is sapping employees’ bargaining power, making it harder for them to demand higher wages. Companies across a range of industries… Continue Reading

How Cost Management Needs to ‘Save to Transform’

[email protected]: [Omar Aguilar, strategic cost transformation global market offering leader at Deloitte Consulting], you’ve recently done your second biennial global cost survey. How long have you been doing these surveys, globally and in the U.S.? Omar Aguilar: We’ve been doing it since 2008 in the U.S. and globally over the last couple of years. We… Continue Reading

Beware of Automated Hiring – It won’t end employment discrimination

The New York Times Opinion: “Algorithms make many important decisions for us, like our creditworthiness, best romantic prospects and whether we are qualified for a job. Employers are increasingly using them during the hiring process out of the belief they’re both more convenient and less biased than humans. However, as I describe in a new… Continue Reading

Legal Authority to Repurpose Funds for Border Barrier Construction

CRS report via FAS – Legal Authority to Repurpose Funds for Border Barrier Construction. Updated October 2, 2019: “President Trump has prioritized the construction of border barriers along the U.S.-Mexico border. Over the course of negotiations for FY2019 appropriations, the Administration asked Congress to appropriate $5.7 billion to the Department of Homeland Security (DHS) for… Continue Reading

The Rich Really Do Pay Lower Taxes Than You

The New York Times – “Almost a decade ago, Warren Buffett made a claim that would become famous. He said that he paid a lower tax rate than his secretary, thanks to the many loopholes and deductions that benefit the wealthy. His claim sparked a debate about the fairness of the tax system. In the… Continue Reading