Category Archives: Income disparity

Wolf Richter: Historic Mania in SPACs, IPOs. Huge Fees for Wall Street Banks. Mega Paydays for Insiders. Disdain for Valuations. Blind Faith that “This Time It’s Different”

SPAC mania, with billions raised: this time it’s different, everyone is saying again – another sign that the zoo has gone nuts.

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“They Left Us Starving”: How the Fashion Industry Abandoned Its Workers

Yves here. Many associate sweatshops in Sri Lanka and Bangladesh with “fast fashion,” aka the close-to-disposable frocks made by the likes of H&M. As this article explains, the use of ultra-cheap labor extends much further up the fashion food food chain. And these poorly-paid workers get thrown to the curb when orders fall off. By […]

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