Share Credit information company Experian has bought US peer Mighty Net Inc for $207.5m (£133m), in a deal which Experian said would consolidate its market leading position in the United States.Mighty Net, which was founded in 1996, provides online services to US consumers interested in managing their credit behaviour.As of 30 June 2010, Mighty Net had approximately 680,000 subscribers in the United States.The company, whose brands include the CreditReport.com, CreditScore.com and MyCreditScore.com websites, had 2009 revenues of $115m and earnings before interest and tax of $28m.Experian said it expected to increase the revenue per member among Mighty Net’s subscriber base and was targeting savings of around $4m from the deal in the year to March 2012 and savings of $5-6m in the following year. John Dunne Tuesday 21 September 2010 3:35 am Experian buys Mighty Net in £133m deal Show Comments ▼ whatsapp Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof
The founders of betting and gaming giant Bet365 paid taxes of £276m in the 2018-19 fiscal year, making it the UK’s biggest taxpayer for the first time. Topics: Finance People Regions: UK & Ireland 27th January 2020 | By contenteditor Finance Bet365’s Coates family named top UK taxpayer in 2018-19 The founders of betting and gaming giant Bet365 paid taxes of £276m (€327.9m/$361.3m) in the 2018-19 fiscal year, making it the UK’s biggest taxpayer for the first time.The Coates family, comprising Bet365 co-chief executives Denise and John, and the business’ chair Peter, moved ahead of JD Sports founder Stephen Rubin and his family to top the Sunday Times’ Tax List, having come second for 2017-19. Their total wealth was estimated at £6.86bn.Their contribution to public finances was almost double the £143.9m paid by the Rubin family, according to the newspaper’s estimates. This would be enough to pay 11,324 newly-qualified teachers’ salaries, based on minimum starting pay, the paper noted.The Times estimates that the business’ corporation tax payments, on profits which grew 14.8% year-on-year to £758.3m, to be around £43m in 2018-19. As its base remains in Stoke, rather than in Gibraltar or Malta, it paid an estimated £78.3m in social security contributions over the year.Denise Coates, who the paper described as “the country’s most impressive self-made woman”, was paid an estimated £276.6m, it continued. On this, she is likely to have paid income tax and national insurance contributions of around £130m.The operator paid a further £113.2m in UK corporation and payroll taxes, with a further £32.8m in tax thought to have been paid on dividends.“Over the past two years, Bet365 has also handed £160m to the Denise Coates Foundation, a charity run by the family,” The Times added.However, it noted that in the current climate, the business faces public and political pressure: “[Such] largesse is unlikely to silence those who fear the online gambling giant is growing rich from punters who may be vulnerable or poor.”The only other figures from the gambling industry to be ranked on the list were Fred and Peter Done, founders of Betfred. The brothers were ranked 22nd on the list, paying an estimated £44.5m in taxes from wealth of £1.25bn.This tax liability was divided between the Betfred business, run by Fred Done, and the legal and insurance operation Peninsula Business Services, for which Peter is responsible. Their combined tax liability was estimated at £23m, with a further £21.5m paid on £56.6m of dividends. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Address
CricketLatest Sports NewsSports BusinessNewsSport IndonesiaFacebook and Twitter HungaryFacebook and Twitter ChinaFacebook and Twitter USA/CanadaDAZN and Willow WTC Final LIVE Day 3: Weather forecast again not good, rain & bad-light all set to impact India vs New Zealand Day 3 BarbadosSportsMax COUNTRYPARTNER TurkeyFacebook and Twitter GrenadaSportsMax Happy Father’s Day: ‘We Miss You’, Hardik Pandya pens emotional message for his father CPL 2019: BROADCAST & STREAMING PARTNERS BonaireSportsMax DjiboutiFacebook and Twitter DenmarkFacebook and Twitter Africa, Sub SaharaSupersport SamoaFacebook and Twitter ParaguayFacebook and Twitter BelgiumFacebook and Twitter VanuatuFacebook and Twitter FinlandFacebook and Twitter AlgeriaFacebook and Twitter BruneiFacebook and Twitter FijiFacebook and Twitter TurksDigicel Home & Entertainment MontserratDigicel Home & Entertainment St. Maarten (Dutch) SportsMax TAGSCaribbean Premier LeagueCaribbean Premier League 2019Caribbean Premier League 2019 LiveCaribbean Premier League 2019 ScheduleCPLCPL 2019CPL 2019 LiveCPL 2019 Live StreamingCPL 2019 ScheduleStar SportsStar Sports Live SHARE BulgariaFacebook and Twitter Antigua & Barbuda SportsMax ArubaSportsMax St. Vincent & the Grenadines National Lotteries – V3 AustriaFacebook and Twitter PhilippinesFacebook and Twitter Falkland IslandsFacebook and Twitter British Virgin IslandsSportsMax Cricket NevisDigicel Home & Entertainment St. Lucia SportsMax WTC final LIVE broadcast: ICC’s mega broadcast plan, India vs New Zealand live streaming starts today in 195 countries EgyptFacebook and Twitter MartiniqueSportsMax Trinidad & Tobago CNC3 The Caribbean Premier League across the world will go live in 125 countries, including streaming on Facebook and Twitter in 81 territories. Fans in the Indian sub-continent can catch the Caribbean Premier League (CPL) LIVE on Star Sports network.The broadcasters for the Caribbean Premier League (CPL) have been confirmed for the 2019 tournament. The deals with key partners are in place in India, the United Kingdom, New Zealand, Australia, America, Canada and South Africa. In addition, the tournament will be live streamed over Twitter and Facebook, ensuring the cricket fans around the world will be able to enjoy the “Biggest Party” in Sport, Caribbean Premier League has stated in a Press release. RELATED ARTICLESMORE FROM AUTHOR by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Like24/7 SportsIt’s Amazing To See How These NBA Stars Have Changed Since College24/7 SportsUndoE! OnlineCNN’s Christiane Amanpour Undergoes Surgery After Cancer DiagnosisE! OnlineUndoCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndoThe tournament with wide LIVE television and streaming reach is expecting an increase in viewership for the seventh successive year. Each game will be shown live, with a highlights package being offered to all broadcast partners. In addition, CPL will also produce a weekly round-up magazine show, focusing on the best of the action from each week of the tournament.Also Read: 10 CRIC global betting partner of CPLCPL 2019: New franchisee confirmed for St LuciaCPL 2020: Cricket West Indies confirms August-September windowSunset+Vine, who delivered outstanding coverage of the recent Cricket World Cup in the UK, will again help to raise the bar in terms of production quality more than 24 cameras capturing the onfield action alongside a stellar line up of commentators, including International favourite Danny Morrison and local greats, Ian Bishop and Darren Ganga.Huw Bevan, Sunset+Vine’s Head of Cricket, said: “Sunset+Vine are excited to be producing the CPL once again this year for its global rights holders. Our planning is tailored towards showcasing competitive cricket in one of the most vibrant atmospheres around the globe. This year we are adding new aerial drone coverage to our 23 strong contingent of cameras to provide the most comprehensive view from inside and outside the grounds.“New graphics, power hitting data and an array of story-telling initiatives will keep viewers in tune with the ebb and flow of every match and its key personalities. Not forgetting, of course, an 11 strong line up of commentators and reporters led by Ian Bishop and Daren Ganga with the knowledge, expertise and gravitas to bring the Biggest Party in Sport to life like no other.”As well as Morrison, Bishop and Ganga, the other members of the commentary and reporting team will be Tom Moody, Samuel Badree, Nick Compton, Dirk Nannes, John Hastings, Mark Butcher, Alex Jordan and Naomi Cowan.The CPL will feature the best players from across the Caribbean and around the world. Alex Hales, Chris Gayle, Daren Sammy, Colin Munro, Kieron Pollard and Sohaib Malik are among the big names due to take part in the tournament that starts today (Wednesday) in Trinidad. BangladeshStar TV Previous articleRohit bats for rhinos in association with WWF India, Animal PlanetNext articleJehan moves up to 2nd spot in FIA F3 Championship Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. 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Dangote Flour Mills Plc (DANGFL.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2007 prospectus For more information about Dangote Flour Mills Plc (DANGFL.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Dangote Flour Mills Plc (DANGFL.ng) company page on AfricanFinancials.Document: Dangote Flour Mills Plc (DANGFL.ng) 2007 prospectus Company ProfileDangote Flour Mills Plc mills wheat and produces wheat products in Nigeria which includes bread flour, confectionary flour, pasta semolina and bran (wheat offal). Pasta products made by the company are spaghetti and macaroni. Dangote Flour Mills is a subsidiary of Dangote Industries Limited which is one of Nigeria’s largest and fastest growing conglomerates. The company’s flour mills are located in Apapa, Kano, Calabar and Ilorin with a total installed capacity of 5 000 metric tons per day. Subsidiaries include Dangote Pasta Limited, Dangote Noodles Limited and Dangote Agro Sacks Limited. Formerly known as Tiger Branded Consumer Goods Plc, the company was incorporated in 2006 following a strategic decision by Dangote Industries Limited to unbundle various operations. Dangote Flour Mills Plc is listed on the Nigerian Stock Exchange
National Microfinance Bank Plc (NMB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2014 interim results for the first quarter.For more information about National Microfinance Bank Plc (NMB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the National Microfinance Bank Plc (NMB.tz) company page on AfricanFinancials.Document: National Microfinance Bank Plc (NMB.tz) 2014 interim results for the first quarter.Company ProfileNational Microfinance Bank Plc (NMB) is a commercial bank in Tanzania offering financial solutions for individuals, small-to-medium-sized businesses and large corporations. NMB operates in several segments; wholesale banking, retail banking, agribusiness and treasury. Its product offering ranges from current and savings accounts to time deposits to fixed deposits, and Kilimo, Chap and Chipukizi accounts. NMB also offers loans to entrepreneurs, bank guarantees, and export and import financing, supply chain financing and letters of credit. Other services include forex, cash exchange, institutional and transactional banking, and payment and collection services. NMB has an extensive network of branches and ATMs in the major towns and cities of Tanzania. National Microfinance Bank Plc is listed on the Dar es Salaam Stock Exchange
The mooted change is to expand the championship rather than have the Boks replace, say, Italy. That would mean playing an extra six Tests – two more weekends. How do you fit them into an already hideously congested calendar?Some would say slot them into the fallow weeks, but there are major travel implications. South Africa may be in a similar time zone to Europe but flying there is very different to the short-haul flights currently involved. And that’s before you bring altitude into the mix.Keep the fallow weeks and there’s the knock-on effect on the club game, with star players absent for yet more domestic fixtures.Collateral damage? Fans would need deep pockets to travel to South Africa for a Six Nations fixture (Getty)And what of the fans? A trip to South Africa is much more expensive than a day trip between Cardiff and Dublin for one. How many supporters – the traditional lifeblood of this championship – will be able to afford to travel to see their team face the Boks?There’s only so much rugby that players can play and that supporters can support. The proposal is another example of possible financial gains being put ahead of player welfare. And that’s before you consider how South Africa cutting ties with their southern hemisphere foes could affect the world game…”Should South Africa join the Six Nations? Let us know what you think. Email your views to [email protected] debate appeared in the May 2020 issue of Rugby World. Champions: South Africa’s quality is clear but would they enhance the Six Nations or diminish it? (Getty) LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Rumours have swirled that the Springboks might join the Six Nations. But would such a move be cause for celebration or dismay? Read this debate from our May 2020 issue Should South Africa join the Six Nations?JON CARDINELLIChief writer of SA Rugby magazine“The Six Nations is rugby’s premier annual tournament. There is, however, reason to believe that the inclusion of another traditional powerhouse will strengthen the final product.The Springboks are three-time world champions. They haven’t lost a home series against a northern hemisphere side since the Lions toured in 1997. Their record in the pro era indicates that they know how to prevail in challenging European conditions.It’s fair to say that the Springboks’ inclusion would not dilute the championship, whether it is a six- or seven-team tournament.SA Rugby took its first step into the northern hemisphere when it entered two of its franchises, Cheetahs and Southern Kings, into an expanded Pro14 competition in 2017. It’s believed more franchises will follow suit, and that we could mega clashes such as Leinster against the Bulls or Sharks in future.Foot in the door: the Cheetahs, a South African franchise, are already playing regularly in Europe (Inpho)Ultimately, South African rugby may find itself in a situation where the majority of its elite players are competing in the European tournaments – either for South African or European clubs – and working towards representing the Boks in the Seven Nations.Rumours of South Africa‘s move to the North have prompted questions about the future of rugby in the South. It may be easy to walk away from a Super Rugby tournament that has lost its shine. It won’t be so easy to turn away from an annual match-up against New Zealand that is important both commercially and to supporters.”SARAH MOCKFORDEditor of Rugby World“There has long been talk of South Africa aligning with European rugby. We’ve seen two South African sides join the Pro14, but the Springboks in the Six (or, as is rumoured, Seven) Nations? This throws up more problems than solutions.
Please enter your name here Please enter your comment! TAGSPurple Heart Foundation Previous articleBreaking News: Two injured in drive-by shootingNext articleVolunteers Plant 1,000 Trees on Lake Apopka’s North Shore Denise Connell RELATED ARTICLESMORE FROM AUTHOR Helping vets tell their story. A highly effective way to help vets reconnect with people and get a hold of the confusing emotions they experience when coming home is to allow them to tell their story. Many organizations, colleges and community groups have set up programs that teach veterans the skills they need to find their voice and tell their story. Support conservation and fish with NEW Florida specialty license plate Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 You have entered an incorrect email address! Please enter your email address here Share on Facebook Tweet on Twitter Investing in veterans. After the unemployment rate for veterans peaked at over 15 percent in 2011, Americans responded. Major companies like Walmart, Amazon and Uber have all pledged to hire thousands of veterans. Voters put pressure on their representatives to enact The Returning Hero’s Tax Credit, which gives companies incentives to hire vets. As a result, the unemployment rate among veterans has been halved. Professionals volunteering their time. All wondering how they can help, thousands of professionals such as lawyers, accountants and career coaches have reached out to volunteer their time. Because free legal and financial advice is invaluable to help veterans navigate the world they return to, this kind of assistance is incredibly important.Inspired by the outpouring of support, many Americans wonder what they can do to help. Veterans organizations like the Purple Heart Foundation provide emotional, physical, educational and financial support for veterans and their families. In addition, the Purple Heart Foundation gives people the opportunity to volunteer, donate their vehicles or household items, or make cash contributions as a way of thanking veterans for the sacrifice they made. To learn more, visit purpleheartfoundation.org. LEAVE A REPLY Cancel reply It seems as though there’s a lot of disagreement in our country these days. Political parties not only argue with each other, but they also fight within their ranks. Turn on the news and bickering is everywhere. Click on any internet story and you’ll read through pages of angry comments.Despite all the noise, however, Americans truly are more united than divided. And one of the issues that unites all kinds of Americans is supporting our veterans. In fact, it’s part of a long tradition that goes back to the founding fathers, and there are plenty of ways you can reach out and show your appreciation as well.A tradition of honoring heroism. In 1782, George Washington issued orders to honor soldiers who showed exceptional distinction by awarding them the Badge of Military Merit. Now called the Purple Heart, it’s given to men and women in uniform who have been injured or killed in combat or captivity. As the oldest medal currently in use, over 1.7 million have received the honor. The Anatomy of Fear Ordinary people giving. Millions of Americans have shown their support for veterans by donating their time and financial support to organizations such as the Purple Heart Foundation. This organization supports veterans and their families with many nationwide programs. They rely on ordinary Americans to volunteer and provide financial assistance to continue these important services. Save my name, email, and website in this browser for the next time I comment.
Tagged with: Finance Individual giving The UK is still far from becoming a cashless society, according to research from First Capital Cashflow.The direct debit facilities management company questioned 750 people over their preferred payment methods, with the findings revealing that one in three people still prefer to use cash.18-34 year olds are most likely to pay for goods or services with cash – 67% said they preferred it, while the over-45s are the most likely to use credit cards. 77% of those who chose this as their favoured payment method were in this age bracket. Men (34%) are also more likely to pay for goods with cash than women (22%).Overall, debit cards are the UK’s preferred method of payment, accounting for 39% of the vote, followed by cash (32%). 15% chose credit cards, 10% prefer online wallet solutions such as Apple Pay, and 3% still routinely use cheques.Louisa Buckingham, marketing executive at First Capital Cashflow said:“We’re quick to assume that it’s older people who need the most convincing to give up on antiquated forms of payment, but this isn’t necessarily the case. 18-to-24-year-olds are four times as likely to use cheques as those aged between 45 and 54. It’s a little surprising to see such little uptake of modern technology like PayPal and Apple Pay among the youngest age group, but as more variations of this technology come to market, uptake will inevitably increase.” 185 total views, 1 views today Advertisement Younger generations favour cash payments over digital AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. 186 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 Melanie May | 8 April 2016 | News
Individuals Campaigns Best Use of Events BatterseaChildren’s Hospital BirminghamMS Society ScotlandRenewable WorldBritish Heart Foundation and Diabetes UK with Tesco AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis37 Most Committed Company to the Sector DonorfyProspecting for Gold LtdRapidata Best Business-Charity Partnership The British Heart Foundation, Diabetes UK and Tesco: The Tesco National Charity PartnershipBritish Red Cross and Co-op: tackling loneliness and social isolationDiabetes UK and Novo Nordisk: working together to revolutionise diabetes careNSPCC and O2: Online Safety PartnershipScope and Virgin Media: Work With Me Best Use of DigitalThe Big GiveCancer Research UKHope and HomesSCOPESt Basils Best Fundraising Charity of the Year – SmallBeanstalkCure LeukaemiaRASASC Guildford LtdYoungMinds The shortlisted entries for the Awards are below. They include the those shortlisted for the inaugural ‘Best Donor Experience’ award, created following the work of the Commission on the Donor Experience. Shortlist announced for the National Fundraising Awards 2018 Best Use of Individual GivingEnglish National OperaFreedom from TortureShelterBoxTerrence Higgins TrustWeldmar Hospicecare Best Legacy CampaignBritish Lung FoundationCentrepointMindSave the ChildrenUnicef Tagged with: Awards Commission on the Donor Experience Institute of Fundraising Most Innovative Fundraising CampaignAspire LawScopeSt Helena Hospice Organisations Melanie May | 23 April 2018 | News Best Fundraising Newcomer Andy King for East African PlaygroundsCatrina Laskey for East Anglian Air AmbulanceGiulia Vallocchia for ActionAid UKMarta Jimenez Varela for Shaftesbury Young PeopleMatthew Knox for FareShareBest Volunteer Fundraiser ActionAid Guernsey Support Group for ActionAidAlfie’s Family – Alfie Bear’s Journey Fund for The Brain Tumour CharityBeth Baldwin for Diabetes UKEddie Stevenson MBE for various charitiesLucy Trafford for Stoke AssociationYoung Fundraiser of the Year Daisy Pearson for DEBRAEmma Harris for Cheshire Down’s Syndrome Support GroupEsmee Tegg-Clarke for St Nicholas Hospice CareJoseph Cox for Bethany Christian TrustKeira Arnold for Dr Kershaw’s Hospice Fundraising Charity of the Year – LargeAlzheimer’s Research UKInternational Rescue Committee UKThe Brain Tumour Charity The Institute of Fundraising has announced the shortlist for the National Fundraising Awards 2018, featuring excellent fundraising from charities, agencies and individual fundraisers.The awards were selected from entries by a range of experienced fundraisers and charity leaders. They recognised a mixture of outstanding achievements, inspiring stories of dedication and success against the odds, and some particularly effective collaborative working between charities, agencies and corporate partners.The winners of the National Fundraising Awards will be announced on 2 July 2018 at The Brewery, London.Chair of the judging panel, Howard Lake, said: “Thank you to the judges who have successfully selected shining examples of excellent fundraising by individuals and organisations. It’s a tough choice but worth it given the inspiration these winning entries can give to many fundraisers”. 236 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis37 235 total views, 1 views today Best Donor ExperienceAction AidInnovistaMeningitis Research Foundation Student TeamSCOPESolarAid About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.
When the Bureau of Labor Statistics released its May monthly employment report, one figure in the jobs report — the official unemployment rate, at 3.8 percent — drew boasting from President Donald Trump, puffery from much of the big-business media and a stock market bump.These spokespeople for capitalism implied that this report of the lowest unemployment rate since 2000 meant that the capitalist economy was finally on the way to vigorous growth after the Great Recession that began in 2008-2009.How is it possible, then, that the organizers of the Poor People’s Campaign, which began May 14 and is scheduled to last 40 days, see a need to restart the campaign that Martin Luther King Jr. began 50 years ago? This campaign involves protests and demonstrations throughout the U.S.According to its national co-chair, the Rev. William Barber, this campaign’s demands are “calling for a higher minimum wage and a repeal of the 2017 federal tax law, ending gerrymandering [of election districts]. It also calls for an expansion of Medicaid in every state and an end to systemic racism, ecological devastation and military aggression, among other things.” (NPR, May 14)The truth behind the statistics is that low pay, lack of hours and no benefits drive many workers and their families into poverty, and figures for each of these phenomena can be teased out of the full BLS report.Another, broader figure in the report, which measures the number of people working only part time who want to work full time, and includes discouraged workers — those who have given up looking for work — and workers “marginally attached” to the labor market, was basically ignored by the media. This rate, which the BLS calls the U6 rate, was 7.6 percent. It was 6.9 percent in 2000, when the economy was growing vigorously.An even more important figure for measuring economic growth is the Labor Force Participation Rate. The LFPR measures the proportion of the adult population that is in the labor market. This rate also decreased in May. That’s not a sign of good times.The authors of some articles in the big business media say they don’t understand why this 3.8 percent unemployment figure, which they assumed is the equivalent of full employment, hadn’t led to bigger wage hikes for lower-paid workers. Workers on the bottom of the wage scale, who are predominantly people of color and women, have seen only a 2.8 percent increase — barely over inflation — since May 2017. (Whether or not even this small increase is due, at least in part, to the Fight for $15, that is, the struggle to win a higher minimum wage, wasn’t addressed.)The truth is that the low official unemployment rate doesn’t really mean full employment. And you must also consider some of the legal and political steps big business has taken to keep wages low. These steps include imposing “non-compete” contracts, refusing to raise the legal minimum wage, and turning full-time, permanent jobs into temporary gigs that disguise workers as independent contractors and leave them with no benefits or minimum wages.Labor Force Participation RateThe Labor Force Participation Rate is a better measure of economic health. This rate takes the number of people in the labor pool, both employed and unemployed, divided by the working-age population, that is, everyone over 16 who is not in the military or in prisons or in hospitals or nursing homes. Currently the LRPR is 62.7 percent.Historically, the LFPR was below 60 percent from 1948 until the mid 1960s, when women started to enter the labor force in much greater numbers. The LFPR reached its maximum of 67.3 percent in 2000.In general, the LFPR has been falling since 2008 and is unlikely to improve. The U.S. population is getting older as the baby boomers retire from the workforce. When these older workers lose their job because of automation or outsourcing to a low-wage area, if their skills don’t match what employers currently require, they either drop out of active job-seeking or are forced to compete for the lowest paying jobs.In addition, the lack of health care, especially for diseases of poverty like high blood pressure and diabetes, keeps tens of thousands out of the labor pool.Another reason the LFPR is unlikely to increase is the much greater use of opioid medication. According to economic and business news writer Kimberly Amadeo, “Almost half of prime age men not in the labor force take pain medication daily to treat chronic health conditions.” The opioid epidemic affects about one million people according to recent studies. (thebalance.com, June 1)How the bosses keep wages lowThe political power of those that control the economy, who also control vast wealth, makes it much more difficult even for union workers to bargain collectively to win higher wages and better working conditions. Better wages for unionized workers in an industry or area has historically also helped raise wages for unorganized workers there, as their bosses have made concessions to keep unions out.Hundreds of firms have paid billions of dollars in penalties since 2000 for practices such as forcing off-the-clock work and job title misclassifications to avoid paying overtime, as well as overtime, minimum wage, meal break and tip violations. Some 1,200 successful collective actions challenging large companies’ bad behavior have cost top corporations a total of $8.8 billion. (Jobs with Justice, June 2018) But this is just the tip of the iceberg — small violations of labor laws often go uncaught.There are fewer “company towns” in the United States today. Still, nurses, aides, medical technicians or even doctors in a town where there are only a few hospitals, have to take what wages the owners of these facilities are willing to offer, or move. The same goes for many other dominant industries in small towns.Some 30 to 40 million workers in the U.S. — including Amazon pickers and minimum-wage sandwich makers — are covered by non-compete contracts which forbid them from going to work for a competitor. (New York Times, June 7) Google, Microsoft, Oracle, IBM and Cisco have no-raid pacts, which keep them from hiring workers who work for their competitors. Even smaller firms than these giants, in areas where the minimum wage has been boosted, refrain from hiring workers from jurisdictions where it hasn’t.If you are an undocumented worker, all these extortions and exploitations can be used against you without any practical hindrance.So, when you examine the more telling statistics, like the LFPR, the government report from the Bureau of Labor Statistics, designed to let companies make informed hiring and investment decisions, they confirm many of the charges and complaints made by the Poor People’s Campaign.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this