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Joseph N. DiStefano writes business stories for the Inquirer, including the PhillyDeals column on Wednesdays, as well as the blog at www.philly.com/phillydeals.
Not that many years ago, Amazon.com was a low-wage warehouse network and online-shopping operator that, like the Japanese carmakers of the 1970s and '80s, seemed more interested in boosting market share than turning a profit.
Why don't they just hire Vanguard? The Pennsylvania State Employees' Retirement System thought some explaining was in order. PSERS needed $1.4 billion from state and local property taxpayers last year, and it expects to need $2.7 billion next year, it told legislators in February in its yearly report.