ACC Archives

Month: October 2018
Higher Wages Aren’t Enough to Turn Mediocre Jobs into Good Ones

(From The Harvard Business Review) Drawing on the concept of “efficiency wages,” some economists argue that higher pay can by itself improve performance by enabling companies to attract and retain better people and by motivating employees to work harder… As one...

Wages jump by 3.1%, highest level in a decade

(OPINION from TheSorrentino.com) Say what one wants about the economy, and put us in the very cautious camp, the Fed driven expansion is creating malinvestment and a reckoning will come, perhaps worse than 2008. But saying that, there...

China’s Debt Bomb Ready to Explode

After years of wasteful and failed infrastructure projects meant to fuel both economic growth, and crony capitalism, and funded significantly by bad debt, the economic slowdown in China has exposed a potential debt crisis that is close to exploding.

China Reverses 25-Year Ban on Rhino Horn, Tiger Bone Trade

(From UPI) The Financial Times reported the decision, made public on Monday, would permit the use of endangered species’ parts for medical and scientific use. . . . “It is deeply concerning that China has reversed its 25-year-old tiger bone...

FBI Asked to Investigate Suspected Double Hoax Against Mueller

(From The Guardian) The FBI has been asked to investigate whether a hoaxer offered women money to make false allegations about Robert Mueller, the special counsel investigating Russia’s interference in the 2016 election. Several journalists and bloggers in the US...

US Indicts 9 Chinese Cyber Spies

(From The Washington Free Beacon) The Justice Department announced the indictment of nine people on Tuesday linked to a Chinese cyber intelligence operation targeting aerospace technology. The nine people, including intelligence officers, state-controlled hackers, and recruited agents inside companies were...

Mafia Hit Man Suspected in Whitey Bulger’s Slaying

(From AP News) Mafia hit man who is said to hate “rats” is under suspicion in the slaying of former Boston crime boss and longtime FBI informant James “Whitey” Bulger, who was found dead just hours after he was transferred...