American Reality Check

[pmbug]

 

[searcher]

Slave labor is big business in the U.S.
http://money.cnn.com/2012/08/14/smallbusiness/federal-prison-business/index.html?iid=HP_LN

"Unicor is a government-run enterprise that employs over 13,000 inmates -- at wages as low as 23 cents an hour -- to make goods for the Pentagon and other federal agencies."

"Unicor made over $900 million in revenue last year and faces more heat from businesses and lawmakers as the economy takes a toll on small manufacturers."

The link in the above quote no longer works but the link below does and is keeping within the ideas of the post.

Report: Use of Prison Labor at Hyundai Supplier Plants Drives Down Wages Overall

The Columbia University study found that, when the share of prison labor at a Hyundai Motor supplier rises by 10%, wages for non-incarcerated workers fall by 10-14%.

www.supplychainbrain.com

 

[Casey Jones]

Why has the UAW said nothing about this?

That makes me wonder of the veracity of this. Unions are just about useless these days; but one thing they're REAL good at is, getting in and organizing an often-apathetic (not mistreated) workforce. Like Starcucks.

 

[searcher]

Fed seeks public input on potential changes to its check services

The Federal Reserve is seeking public input on potential changes to the check services it provides, although support for the

bankingjournal.aba.com

 

[SKULL]

Here's a dose of " Reality " :-


Hell Yeah, this is TOTALLY SUSTAINABLE !

 

[searcher]

Bessent calls for overhaul of regulator that protects US financial system​

Treasury Secretary Scott Bessent wants to overhaul a federal regulatory group, launched following the 2008 housing bust, that is tasked with safeguarding the U.S. financial system.

The 15-member panel, known as the Financial Stability Oversight Council (FSOC), was established by the 2010 Dodd-Frank Act to help spot and defuse systemic financial risks.

The council is chaired by the Secretary of the Treasury and includes the leaders from other financial regulatory agencies, such as the director of the Consumer Financial Protection Bureau and the head of the Board of Governors of the Federal Reserve System.

In a letter released Thursday, Bessent called for looser FSOC regulations, saying that "too often in the past, efforts to safeguard the financial system have resulted in burdensome and often duplicative regulations."

More:

https://www.msn.com/en-us/money/mar...financial-system/ar-AA1SbhWP?ocid=socialshare