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There's an extravagant level of cleanliness just behind an unmarked door in a corner of the Brooklyn Navy Yard.This is the home of Kingbridge's huge new cleaning facility, which opened in January 2020. This is where a meticulous, labour-intensive process takes place, which Aviles says is necessary for clothes to be cleaned properly.He learned the trade when he was 5, when his mother Victoria, who still helps run the decades-old family business, dressed him in a suit and took him to work on Saturdays. He offered customers hot chocolate in the winter and lemonade in the summer, and soon learned to iron his own shirts.Today, workers pile dirty shirts – undignified with faded collars, chipped buttons and sweat stains – into a huge bin to be manually sorted by color and condition. Then they p...

Martin Guzman was a college freshman at La Universidad Nacional de La Plata, Argentina, in 2001, when a debt crisis led to defaults, riots, and a devastating depression. A dazed middle class has been ruined, as the International Monetary Fund has insisted the government make misery-inducing budget cuts in exchange for a bailout.Watching Argentina unravel inspired Guzman to change majors and study economics. Nearly two decades later, when the government was once again bankrupt, it was Guzman, as finance minister, who negotiated with IMF officials the restructuring of $44 billion in debt, the result of a previous badly-bailed bailout. conceived.Today he is one of many prominent economists and world leaders who argue that the ambitious framework created at the end of World War II to safegua...

WeWork has raised more than $11 billion in funding as a private company. Olive AI, a healthcare startup, raised $852 million. Convoy, a freight startup, raised $900 million. And Veev, a homebuilding start-up, has amassed $647 million.In the last six weeks, they have all declared bankruptcy or closed. They are the latest failures in the collapse of a technology start-up that investors say is just getting started.After avoiding mass bankruptcy by cutting costs over the past two years, many once-promising tech companies are now on the verge of running out of time and money. They are facing a harsh reality: investors are no longer interested in promises. Rather, venture capital firms are deciding which young companies are worth saving and pushing others to close or sell.It fueled an asto...

Highlighting a year of big gains for organized labor, Microsoft announced that it will remain neutral if any U.S.-based worker groups seek to unionize.About 100,000 workers would be eligible to unionize under this framework, Microsoft President Brad Smith and AFL-CIO President Liz Shuler said Monday during a forum at the labor federation's headquarters in Washington.The deal effectively expands a neutrality agreement between Microsoft and a large union, the Communications Workers of America, under which hundreds of the company's video game workers unionized earlier this year without a formal election of the National Labor Relations Board. Officially, it provides a framework in which any group of Microsoft workers can negotiate their own neutrality agreements with similar terms.In Monday's...