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Divine Intelligence, etc

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The New York Post's Look at Private Equity Child Labor Exploitation

PSSI has been repeatedly bought and sold by private equity firms that manage retirement money for state and local public employees, according to a lever review. Public officials have been using the retirement savings of unionized teachers, firefighters and police officers to profit from an outsourcing business which uses low paid immigrants and even children for hazardous work in slaughterhouses. Children as young a 13 using dangerous chemicals to clean back saws, head splitters, fat skinners and blood soak floors. Private equity firms have loaded packers up with debt in order to pay themselves big dividends. The company's current owner is the world's largest private equity firm, the Blackstone Group whose Republican mega donor CEO collected get this $

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