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Corporations could put every unemployed American to work at $395K a year

Do The Math On Jobs | Seeing the Forest
Companies are sitting on $4.75 trillion in cash. ($1.7 T of that is outside the country, untaxed.) There are about 12,000,000 unemployed. Do the math. Right now companies could use the cash they are sitting on to hire every unemployed person at $395,000 a year, and have cash left over.

Women can only lean in at their corporate jobs if they're white

So the COO of Facebook, Sheryl Sandberg, wrote a typical business book about how you can get ahead if you follow her pithy advice. The good thing is she's focusing on the lack of women in corporate management. The bad thing is the advice amounts to "work harder, seem interested" and only works if you're an educated white woman. If you're some other color you get painted as "uppity" or "difficult." The CFC
I did what Sheryl Sandberg, Facebook’s COO, encourages women to do in her book, Lean In: Women, Work and the Will to Lead. In a self-proclaimed feminist movement to address current gender disparities in leadership, Sandberg aims to galvanize women with a call to action to lean in and step up in the workplace. I did step up. I leaned in at staff team meetings, sat at the table and contributed to the dialogue. I explored and pursued research opportunities. I asked for mentorship. I scheduled meetings with key players, and asked for their support and guidance in moving my research career forward. But leaning in has its limitations for women in the workplace, and especially for Latinas. When Latinas lean in at work, they are often examined through a lens blurred with ethnic prejudices, and socially prescribed roles and expectations. God forbid she has a Spanish accent… . . . An assertive Latina at work risks being seen as “difficult” or “opinionated.” A confident voice level makes her “confrontational” or “loud.” We are expected to be nice and supportive, and less so leaders. These social perceptions and ethnic biases form an important part of the organizational barriers that women, and especially ethnic/racial women, face in the workplace. This, of course, is in addition to the organizational culture and policies that are blatantly gender biased when it comes to promoting women leadership.

April 29, 2013

Banks steal $32 billion from customers in the name of protection

Here’s Where Your Money Is Going: Consumers Paid $32 Billion In Overdraft Fees Last Year – Consumerist
Making the case for new overdraft legislation is a pretty big bit of evidence that shows just how hard those fees hit our wallets: Last year consumers paid a whopping $32 billion in overdraft fees, a $400 million jump from 2011. This, despite regulations that seek to protect consumers from such hefty charges. Forbes.com sites a study by Moebs Services, which shows that although overdraft volume fell somewhat in 2012, the number of overdraft transactions rose in the last nine months of 2012 by 4.4%. Banks have to receive permission from customers to provide overdraft protection on ATM and debit card transactions, which means if you don’t want to pay $35 each time your account is overdrawn, the bank would instead just prevent that transaction from going through. Because of that 2010 Federal Reserve requirement, banks have been doing a bang-up job convincing customers they need overdraft protection — according to the study, 38 million checking accounts or about 26% overall, are frequent overdrafters.

Marketing firms using dirty accounting to get authors onto bestseller lists

The Wall Street Journal declined to comment on an article it published about how it lets authors game its bestseller lists. Modern journalism is a nutshell. Authors Buy Their Way Onto Best-Seller Lists - WSJ.com
But the short moment of glory doesn't always occur by luck alone. In the cases mentioned above, the authors hired a marketing firm that purchased books ahead of publication date, creating a spike in sales that landed titles on the lists. The marketing firm, San Diego-based ResultSource, charges thousands of dollars for its services in addition to the cost of the books, according to authors interviewed. As ResultSource's website points out, hitting best-seller lists can mean fame, and potentially lucrative consulting assignments. "Publishing a book builds credibility, but having a Bestseller initiates incredible growth—exponentially increasing the demand for your thought leadership, skyrocketing your speaking itinerary and value," ResultSource says. ResultSource's principal, Kevin Small, declined requests for an interview. On its website, the company outlines its ambitions: "'We create campaigns that reach a specific goal, like: "On the bestsellers list," or "100,000 copies sold.'"
*Thanks, Dave!*