NOTE: This is an occasional piece, unrelated to the weekly economic analysis piece that is circulated over the weekends, which will, of course, continue.

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June 15th, 2015

 

All the News That Fits Our View We Print


 

       Another Sunday, another New York Times magazine, this one featuring a cover story about "Scott Walker and the dismantling of American unions." Readers of the Old Grey Lady, a newspaper not without its virtues, are undoubtedly aware of its sympathy for down-trodden workers, especially if they belong to trade unions.

Now comes a problem. It seems that in Paris, the headquarters of the paper's international operations since 1967 when it bought into the International Herald Tribune, there are work rules that make it rather expensive for the NYT to operate. The Financial Times reports that the paper's management "acknowledged that French employment laws are playing a part in the decision to expand its London presence, while departing editorial staff in Paris are not being replaced." The news cycle, now 24/7, probably is not consistent with the legal 35-hour work week in France. "There is more labor flexibility in London", says a spokesman, perhaps unaware that an editorial in the paper's April 25, 2011 edition called the National Labor Relations Board's decision to prevent Boeing's move of some facilities to a non-union plant in South Carolina "a welcome effort to defend workers' right to collective bargaining." Where you stand depends on where you sit, and when the owners of the paper sit in the seat of the capitalist they behave rather like the capitalists who seek to keep their enterprises viable by resisting efforts to reduce their control over scheduling and pay. Highlighted in larger and bolder type than the other text in the paper's magazine section is this quote, "It is only a question of who makes the money - the workers or the owners." Indeed.


 

WHY THE FRENCH LOVE THE GREEKS


       
France needs Greece more than Greece needs France. So long as the Greeks grab the headlines with their defense of their unreformed economy, no one seems to notice that France is in violation of EU rules on the size of the allowed deficit, has such sustained high-level unemployment that its young people have joined successful hedge fund manager Jean-Christophe Napoleon Bonaparte in seeking their futures in perfidious Albion, and that its government is increasing its direct involvement in the aircraft, energy, and auto industries to deter foreigners, maintain over-manning, and prevent challenges to its limit of the work week to 35 hours. With those moves to its credit, and an economy suffering as a consequence, France wants to export its rules to America. The European Union has imposed on Google the so-called "right to be forgotten", which requires Google to destroy refrerences, and links to those references, when requested to do so by people who claim a reason to want to airbrush their pasts. Some 250,000 requests were honored, some one million links disabled in the first year of the "right". Chacun à son goût. Unless the gout is that of a successful American technogiant. French authorities are now insisting that Google expand this newly discovered "right" to the search engine's websites worldwide, an extraterritorial reach Google is resisting. Can a demand that we adopt the 35-hour week be far behind? That would certainly improve the competitiveness of the French economy, no reforms required.  

 

 

 

For Questions or Comments please email Irwin Stelzer at [email protected] 


 

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