AT&T promises new jobs, gets tax break — cuts thousands of jobs!


AT&T Liar-in-ChiefBloomberg/Getty

❝ AT&T in November 2017 pushed for the corporate tax cut by promising to invest an additional $1 billion in 2018, with CEO Randall Stephenson saying that “every billion dollars AT&T invests is 7,000 hard-hat jobs. These are not entry-level jobs. These are 7,000 jobs of people putting fiber in ground, hard-hat jobs that make $70,000 to $80,000 per year.”

❝ The corporate tax cut was subsequently passed by Congress and signed into law by President Trump on December 22, 2017. The tax cut reportedly gave AT&T an extra $3 billion in cash in 2018.

But AT&T cut capital spending and kept laying people off after the tax cut. A union analysis of AT&T’s publicly available financial statements “shows the telecom company eliminated 23,328 jobs since the Tax Cut and Jobs Act passed in late 2017, including nearly 6,000 in the first quarter of 2019,” the Communications Workers of America (CWA) said…

AT&T’s only expansion in total workforce came from acquisition of Time-Warner and two smaller companies. The existing workforce was cut.

Pharma Billionaire found guilty in opioid trial


Pat Greenhouse/The Boston Globe

John Kapoor of Insys Therapeutics has been found guilty of defrauding insurance companies to sell Subsys — a fentanyl spray much stronger than morphine. According to The Guardian, the 75-year-old billionaire’s company was also found guilty of bribing doctors to prescribe the drug to their patients.

The Boston jury also discovered that Insys Therapeutics paid these doctors to prescribe the powerful painkiller to patients who didn’t even need it.

❝ In the midst of an unprecedented opioid epidemic — where addiction, suicide, and dependence rates are through the roof and an estimated 400,000 lives have been lost over the last two decades — the first criminal conviction of a pharmaceutical chief sets a welcome precedent to curb this reckless corruption.

Overdue!

Preacher gets lighter sentence for rape because he’s a “man of god”

❝ A pastor facing life in prison for raping his 14-year-old daughter was shown mercy by a judge who was impressed by his alleged religious faith.

David Richards, 41, was sentenced to 12 years in jail on Thursday in Knox County Tennessee for raping his adoptive daughter – 60 years less than the maximum term sought by prosecutors. As he handed down the lenient sentence, Judge Steve Sword cited Richard’s work as a pastor and the Bible study he began in jail as mitigating factors…

Richards was found guilty of rape, incest, and sexual battery by an authority figure for abusing his daughter, Amber Richards, for two years beginning when she was 14…

Throw away the key!