Another way to understand the size of CEO compensation at the big contractors is to look at how many jobs would be created if that $287 million were spent on something else. The answer is that spending that money on productive activities would create thousands of jobs: 2,812 jobs in clean energy or infrastructure; 4,104 jobs in health care; and 4,362 in education, calculated using data on the jobs impact of government spending generated by Heidi Peltier for the Brown Costs of War Project.

Railroads Have Invested Heavily in Congress. They Need Their Payoff in the Senate.

November 30, 2022November 30, 2022 Tina Marie (Ms. Cat)

A showdown over a looming railroad strike heads to the Senate floor this week, after a group of progressive Democrats, led by Rep. Jamaal Bowman, D-N.Y., pushed to modify a tentative agreement to include seven days of sick leave. The expanded agreement passed the House 220-206 on Wednesday, and the fight now moves to the Senate, where it remains unclear if there is enough Republican support to overcome a filibuster and send the agreement to President Joe Biden’s desk.
Railroads Have Invested Heavily in Congress. They Need Their Payoff in the Senate.

The answer, in short, is “P.S.R.” — or precision-scheduled railroading

Intel’s Multi-Billion Bait And Switch

October 21, 2022October 21, 2022 Tina Marie (Ms. Cat)

The chip manufacturer cheered on a $76 billion subsidy package for the industry, then announced capital spending cuts and mass layoffs while maintaining payouts to shareholders.
Intel’s Multi-Billion Bait And Switch

Links behind paywalls:

US chipmakers hit by sudden downturn after pandemic boom

Intel Is Planning Thousands of Job Cuts in Face of PC Slump
Chipmaker

While Fighting Workers, Railroads Made Over $10 Billion in Stock Buybacks

September 20, 2022September 20, 2022 Tina Marie (Ms. Cat)

“Our research shows just how far railroad executives will go to funnel record profits to their shareholders—even if that means stagnant wages, inhumane attendance policies, and throwing our supply chain into further turmoil,” said one Groundwork Collaborative analyst.
While Fighting Workers, Railroads Made Over $10 Billion in Stock Buybacks

H/T: Unorthodox Truth

The Paycheck Protection Program failed to support workers and small businesses

May 28, 2022May 28, 2022 Tina Marie (Ms. Cat)

Report: Lessons Learned from the Paycheck Protection Program

Larry Summers Shares the Blame for Inflation

March 8, 2022March 8, 2022 Tina Marie (Ms. Cat)

Larry Summers Shares the Blame for Inflation

America’s New Class War

January 19, 2022January 19, 2022 Tina Marie (Ms. Cat)

Organized workers, often defying their timid union leadership, are on the march across the United States.
America’s New Class War

As Americans struggle to afford rising gas prices, Big Oil profits surge to $174 billion in nine months

December 9, 2021December 9, 2021 Tina Marie (Ms. Cat)

U.S. oil companies are making more money than any other time in history.
As Americans struggle to afford rising gas prices, Big Oil profits surge to $174 billion in nine months