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Friday, May 31, 2013

Are Wal‐Mart's Low Wages A Drag On The Economy? New Report Says Yes - Forbes

Are Wal‐Mart's Low Wages A Drag On The Economy? New Report Says Yes - Forbes:

 "“Wal-Mart’s The Low‐Wage Drag on Our Economy: Wal‐Mart’s low wages and their effect on taxpayers and economic growth” was prepared by the Democratic staff of the U.S. House Committee on Education and the Workforce and released today. The document claims to have calculated the cost to taxpayers in social services for workers paid the minimum wage."


Monday, May 27, 2013

The 1 Chart That Reveals Just How Grossly Unfair The U.S. Tax System Has Become

The 1 Chart That Reveals Just How Grossly Unfair The U.S. Tax System Has Become:

 And Rand Paul is kind of right, you guys, as is Tim Cook: We should not be so mad at Apple for doing what the law allows. We should be mad that the law allows Apple and other companies to keep billions of dollars of cash offshore and out of the government coffers, where it could be helping the unemployed and our crumbling infrastructure and such. Another thing we can get mad about is how the "corporate tax reform" that Cook and other corporate leaders are always banging on about will actually serve to make it so companies pay even less in taxes than they do now.

Wednesday, May 22, 2013

Occupy Wall Street Challenges DOJ On Foreclosure Crisis - Forbes

Occupy Wall Street Challenges DOJ On Foreclosure Crisis - Forbes:

 "Five years after Wall Street crashed the economy, not one banker has been prosecuted for the reckless and fraudulent practices that cost millions of Americans their jobs, threw our cities and schools into crisis, and left families and communities ravaged by a foreclosure crisis and epidemic of underwater mortgages."



...ero.

Sunday, May 19, 2013

This Week in Poverty: Fighting Poverty Through Wall Street Accountability | The Nation

English: The corner of Wall Street and Broadwa...
English: The corner of Wall Street and Broadway, showing the limestone facade of One Wall Street in the background. (Photo credit: Wikipedia)
This Week in Poverty: Fighting Poverty Through Wall Street Accountability | The Nation:

 "If you look at some of the biggest issues of the day—whether it’s the loss of wealth in communities of color, the housing crisis, the student debt crisis, local and state governments cutting jobs and services because of debt—you can connect all of these issues to the original economic crisis of 2008, and the growing and continued dominance of the Wall Street big banks.

The majority of people in this country are either impacted by student debt, the ongoing housing crisis or the crisis of the public sector. And you can trace so much of it to Wall Street. This means instead of having twenty separate campaigns, you can have one campaign, that says how do we rebalance and reorganize the economy so that it benefits everybody—not just a teeny elite at the top."

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Sunday, May 12, 2013

Occupy Wall Street group puts 'zombie' debt to rest

Occupy Wall Street group puts 'zombie' debt to rest:

 "LOUISVILLE, Ky. — An offshoot of the Occupy Wall Street movement has bought more than $1 million in old medical bills in this area and freed the debtors from the obligation of paying it off.

The New York-based nonprofit Rolling Jubilee fund says it is in the process of buying almost $12 million in outstanding old bills nationwide for pennies on the dollar in an effort to liberate debtors who often cannot afford to pay. And it intends to buy more as it gets more money from donors."


Saturday, May 4, 2013

'Hey, Verizon: Can you hear us now?' - In the Markets Blog | Crain's New York Business

'Hey, Verizon: Can you hear us now?' - In the Markets Blog | Crain's New York Business:

 "Elections for corporate board seats can be the ultimate in Kremlinesque voting. If investors don't like the candidates offered up by management, they can't elect others. In the unlikely event they rise up and vote against a company-backed nominee or sitting member, the board member isn't necessarily forced to leave the post."