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Facts about Corporate Welfare from Barbara Ehrenreich's site

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texpatriot2004 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-18-05 08:26 PM
Original message
Facts about Corporate Welfare from Barbara Ehrenreich's site
http://www.barbaraehrenreich.com/resources.htm

From Barbara Ehrenreich's website

The Corporate Welfare State

After lobbying by the pharmaceutical and high tech industries and with bipartisan support, Congress passed a corporate “tax holiday” under the heading of the American Jobs Creation Act that allows corporations to repatriate overseas profits kept in tax havens at a greatly reduced – up to 85% lower – tax rate.

* Hewlett Packard will save $4.2 billion in taxes under this holiday, well over the $1 billion in charges it is accruing to cover the cost of laying off 14,500 of its employees.
* Pfizer will repatriate $36.9 billion from overseas affiliates. Instead of investing in job creation, it will lay off up to 10,000 workers and buy back billions of dollars in its stock to increase the wealth of shareholders.
* PepsiCo is repatriating $7.5 billion in income and will also use a large chunk for stock buybacks.
* Eli Lilly announced it would repatriate $8 billion to boost R&D spending. Year to date, it has increased R&D spending by 10% - only $134 million.
* Ford Motor Company has announced that it will cut 8% of its white collar workforce in 2005

Through July of 2005, U.S. companies have announced 641,245 job cuts, nearly 100,000 more than the equivalent period in 2004. If the present trend continues, 2005 will be the fifth consecutive year that U.S. companies have trimmed more than a million jobs.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-18-05 08:28 PM
Response to Original message
1. Things have gone out of control.
And those who own the stocks only care that their "value" goes up.

Same with that patent shit also.

Society is about working together. Not pissing on each other to further their own selves.
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texpatriot2004 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-18-05 08:39 PM
Response to Reply #1
2. True I read something today that the Fed Gov has been propping
up the stock market. I wonder if they have been and for how long?
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baron j Donating Member (434 posts) Send PM | Profile | Ignore Thu Oct-20-05 04:19 AM
Response to Reply #1
8. Avon! Cool!
Sorry for the off topic reply.
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11 Bravo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-18-05 08:45 PM
Response to Original message
3. I love Ehrenreich!
I assigned "Nickel and Dimed" to some of my students.
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NNadir Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-18-05 08:50 PM
Response to Reply #3
4. I love her support for Nader and Bush = Gore in 2000.
Edited on Tue Oct-18-05 08:51 PM by NNadir
That was really helpful and useful to poor people and greatly improved their lives.

I'm sure it helped push up sales, as in book sales. No poor, no Ehrenreich. Anyone who promoted Bush by making seem Bush seem moderate by comparing him to Gore should just shut up.

Maybe she can helpfully inform us which Gore policies Bush has embraced in the last 5 years.
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11 Bravo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-18-05 08:57 PM
Response to Reply #4
5. I used the book in Language Arts, I don't teach Poly Sci.
Edited on Tue Oct-18-05 08:57 PM by 11 Bravo
We have a large population of low-income families attending my school, along with a small minority of kids from obscenely rich families. I was just attempting to create a dialogue.

P.S. I wouldn't piss on Nader if he was on fire in front of my house, and I had just consumed a 12-pack.

on edit: typo
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texpatriot2004 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-19-05 01:07 AM
Response to Original message
6. Corporate Welfare.Corporate Greed.Corporate America...literally
Of the corporation, by the corporation, for the corporation
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eridani Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-20-05 03:54 AM
Response to Original message
7. Her new book is out
Bait and Switch: Corporate Life from the Outside
by Barbara Ehrenreich
Reviewed by Mark Owen for WashTech Neswletter

In her book Nickel and Dimed, Barbara Ehrenreich reported on the lifestyle of the working poor by temporarily joining their ranks. In her new book, Bait and Switch, she turns her focus to white collar workers in an age of downsizing. Her plan was to search for a public relations job and then work at it for a few months. The second part of that plan never happened, however, leaving her to experience the frustrations of the job searcher and the services marketed to them. While the world she entered may be new to her, her revelations may not be that surprising for those already there.

Ms. Ehrenreich begins the book by laying out her assumptions on how her search will proceed. In her career as a journalist and author she had often been an opponent of corporations, but she had never experienced them from the inside. This outsider tone is always honest, but may not resonate with those readers used to a corporate environment.

Her search begins with her hiring two career coaches, who both give her personality tests. The simplemindedness of these tests troubles her, and she cites work that questions their validity. That corporations could use such tests to justify hiring decisions is her first indication that they aren't as rational as they've appeared to her. This theme is developed as her search progresses, and she picks up the message from coaches and fellow seekers that conformity and a winning attitude are more valuable than skills. She gets a make-over, buys a new wardrobe and tries to curb her assertiveness and appear to be a team player. The counselors she encounters get people to see themselves as their own worst enemy, a viewpoint that removes all responsibility from those who hire and fire.

Though much time and money is expended on these activities, the question of their efficacy arises. Most networking events that are attended by other unemployed folks don't actually include any time for networking. Job fairs are generally for entry-level positions. Many corporations don't even acknowledge resumes submitted online. Those they receive are processed using software that looks for certain keywords (which applicants can only guess at). Indeed, she wonders if the academic work included in her resume has been counted against her by the screening software.

After almost no interest from employers (her only offer is a commission-only insurance sales job), she wonders if she shouldn't have aimed a bit lower on the salary scale. But by then her allotted time for this writing project is almost over. After giving up on the search, the author contacts job seekers she met, some of who had taken so-called "survival" jobs at lower wages. This underemployment is not tracked by government statistics and thus helps mask the economic effects of downsizing.

The author notes how all the things job seekers participate in lead them to focus on themselves and not the wider political and economic environment. She briefly mentions how some occupations have protected their ranks through professionalization or unionization, but does not recommend these strategies to other workers. Instead, she finds the loss of dignity that corporate workers undergo to be a bigger problem than the lack of job security. She concludes by suggesting that the unemployed should use some of their free time and organizing skills to fight for universal health care, extension of unemployment benefits and against changes to bankruptcy laws. While this call for mass action is understated, nearly every page of the book spells out its necessity.

Barbara Ehrenreich is a columnist and author of over a dozen books. Her Web site is www.barbaraehrenreich.com

Mark Owen works for an e-commerce company, where he was recently administered a personality test. He can be reached at markaowen gmail.com.
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RepublicanElephant Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-20-05 04:28 AM
Response to Original message
9. i love how repubs even lie in the titles they use for bills...
..."American Jobs Creation Act", instead of the more honest "Chinese Jobs Creation Act".
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