American Business Facts:
- If the minimum wage had kept pace with Wall Street bonuses since 1985, it would be at $61.75 an hour.
- If you made $156,000 a year, it would take you 6,410 years to make a billion dollars.
- If you think sex workers sell their body but coal miners do not, your view of labor is clouded by your view of sexuality.
Corporate Scumbags
| Johnson & Johnson | Ordered to pay $8.9 billion to settle tens of thousands of lawsuits alleging that talc in its iconic Baby Powder and other products caused cancer. The amount dwarfs J&J’s original offer of $2 billion and was imposed after J&Js “Texas two-step” bankruptcy maneuver, in which it sought to offload the talc liability onto a subsidiary that immediately filed for bankruptcy. The courts determined the subsidiary had no legitimate claim to bankruptcy because it was not in financial distress. The company announced in 2020 that it would stop selling its talc Baby Powder in the U.S. and Canada due to what it called “misinformation” about the product and later announced its intent to discontinue it worldwide in 2023. |
| Wells Fargo Bank | Opening accounts for people without their knowledge, and then charging them account fees . |
Food Corporations
How Tech Companies Are Profiting Off Your Anger
Wondering why you’re so angry all the time? It’s not a coincidence. Sarah Silverman explains how big companies profit off our rage and attention.