James Corbett explores the real history of modern healthcare and the real motivations behind the family that brought it to you. (Scroll down for vide0) The American health care system really does go back to the Rockefeller family.
Submitted by Jeffrey Snider via Alhambra Investment Partners,
In late September, we were stunned to read (and report) that in the first mega-layoff in recent Chinese history, the Harbin-based Heilongjiang Longmay Mining Holding Group, or Longmay Group for short, the biggest met coal miner in northeast China had taken a page straight out of Jean-Baptiste Emanuel Zorg's playbook and fired 100,000 workers overnight, 40% of its entire 240,000 workforce.
Tunisia is under a curfew again just five years after the Jasmine Revolution which ousted the old corrupt regime of President Zine al-Abidine Ben Ali in January 2015 and started the so called Arab Spring. Unemployment protests have spread nationwide and become violent, resulting in a nationwide curfew being imposed by the authorities to curb growing social unrest. Al Jazeera English YouTube video: Protests over unemployment rates and the economy had intensified and spread to several cities including the capital.
When your organic growth is over, your revenue just missed consensus expectations once again ($7.74Bn vs $7.77BN expected), your stock is trading near 4 years lows and and you are stuck in the imploding energy sector, what do you do? Why you announce a $10 billion stock buyback, but since you will have to fund it with more debt (whose cost in recent weeks has soared) you have to get rid of "overhead." How do you do that? Simple: you announce you are firing 10,000 workers.