Many of South Korea's biggest businesses -- including Korean Air, Samsung and Hyundai -- are family-run conglomerates known as "chaebol" inside the country.
By Sophie Jeong and Joshua Berlinger (CNN) South Koreans have long voiced frustration over what they see as corrupt and entitled behavior by the families that run chaebols. Korean Air has been ordered to pay 20 million South Korean won (almost $18,000) to a flight attendant after he was excoriated by an executive when he […]
"Across the world, an estimated 24.9 million people are victims of forced labor. The lion’s share of them–16 million people–are exploited by companies for a profit, rather than by private individuals, such as in the case of sex trafficking." - Elizabeth Segran, Fast Company
By Elizabeth Segran (Fast Company) We often talk about slavery as if it was a thing of the past–a horror from another era, perpetrated by people who have no resemblance to us. But the truth is that slave labor is still alive and well. And a new report produced by the nonprofit KnowTheChain points out […]
Dr. Michio Kaku speaks about how America's poor educational system has created a shortage of Americans who can perform high skilled technology jobs. As a result, America's H-1B visa is used to attract immigrants who are skilled enough to perform these jobs.
By FALAW Since the enactment of the Immigration Act of 1990, U.S. immigration policy favors those that have skills, experience, or the financial capability to come to the U.S. As such, the H-1B Specialty Worker Visa was created to attract professionals with specialty skills to come and work in the U.S. Under H-1B, the petitioning […]
The law is an attempt to attract more workers to Japan while still trying to make it very tough for them to settle permanently. But some experts say it doesn’t do enough to address the yawning labor gap.
By Simon Denyer and Akiko Kashiwagi (The Washington Post) Japan’s parliament passed an immigration law Saturday that aims to attract 345,000 foreign workers over the next five years, seeking to plug gaps in the country’s rapidly shrinking and aging workforce. Prime Minister Shinzo Abe’s government forced through the law despite protests from opposition parties that argued […]
An analysis done by the Comptroller’s Office in May estimated the cannabis market could result in $336 million in annual tax revenue for the city, on top of $436 million for the state.
Press Release (New York City Comptroller’s Office) New analysis identifies neighborhoods hit hardest by enforcement policies and offers road map for building equity in adult-use marijuana industry Data shows discriminatory cannabis enforcement targets low-income New Yorkers (New York, NY) — As New York moves closer to legalizing cannabis for adult use, New York City Comptroller Scott […]
A change in providers means you should make sure there have been no glitches in your account and that your new funds are the ones you really want.
By Brian O’Connell (USNEWS.com) With almost $5 trillion in assets, the 401(k) plan is the primary driving force toward a financially stable retirement for millions of Americans. With that amount of cash on the table, U.S. workers need to stay vigilant on all 401(k) fronts, and should be especially alert and proactive when their company […]
"All terms and conditions for a card must be disclosed directly on the card and gift cards cannot expire within the first five years after purchase." - NYS Comptroller
By Office of the New York State Comptroller New York State Comptroller Thomas P. DiNapoli is urging New Yorkers to read the fine print on gift cards this holiday season for details about fees and expiration dates. While some gift card sellers have done away with inactivity fees, consumers should still ask whether fees apply when […]
With unerring honesty and lively wit, Michelle describes her triumphs and disappointments, both public and private, telling her full story as she has lived it.
By BlackBusiness.org Crown Publishing Group has confirmed that First Lady Michelle Obama sold more than 725,000 copies of her newest book Becoming in just one day. The sales figure includes hardcover, audio and e-books editions for the United States and Canada, but the book is available in 24 languages around the world – including Vietnamese, […]
What tomorrow’s entrepreneurs should know before starting their businesses today.
BROOKLYN (Workers World Today) – New York may be a city of 8 million stories, but at its core is a story of universal success. Because here in the city that never sleeps the hustle never stops. It’s easy enough to see for yourself: if you can catch a New Yorker at the right moment […]
Making successful bids can be difficult for newcomers. You have to shoehorn your way into the competition, often against well-established and entrenched players.
BROOKLYN (Workers World Today) – The Empire State isn’t just a goldmine for potential businesses to set up shop. New York spends billions of dollars each year on a myriad of goods and services, from paper clips to construction work, to help our state run like a fine-tuned machine. During the last fiscal year alone […]