Yves Smith @ Naked Capitalism - Under Chairman of the Board Martin Lipton and President John Sexton, New York University has been operating as a real estate development/management business with a predatory higher-education side venture. A group of 400 faculty members at NYU, Faculty Against the Sexton Plan (FASP), have been working for years against what Pam Martens has called “running NYU as a tyrannical slush fund for privileged interests.” FASP just published a devastating document, The Art of the Gouge, which describes how NYU engages in a mind-numbing range of tricks and traps to extract as much in fees as possible from students, while at the same time failing to invest in and often degrading the educational “product”. Read more.
After a monumental political battle, California passed AB5, a law that will make it much harder for gig economy companies to classify their workers as “independent contractors.” Now, the same political battle is coming to New York. That means it’s a perfect time to hear from Uber and Lyft drivers, in their own words. Read more.