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Thursday, October 23, 2014
Sunday, September 28, 2014
Saturday, August 2, 2014
Sunday, July 6, 2014
Older employees stay in the workforce
Older employees stay in the workforce:
""My decision to work isn't financial," said the 80-year-old Strohfus. "I've been here at McDonald's for seven years, and, sometimes, I think it's time to quit, but I don't work many hours and I really do enjoy it. My job is one where you need to be able to get along with people and talk to people and I enjoy doing those things.""
""My decision to work isn't financial," said the 80-year-old Strohfus. "I've been here at McDonald's for seven years, and, sometimes, I think it's time to quit, but I don't work many hours and I really do enjoy it. My job is one where you need to be able to get along with people and talk to people and I enjoy doing those things.""
Monday, June 30, 2014
Too Big to Jail: Confessions of a Goldman Sachs Brat - The Daily Beast
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| goldman sachs (Photo credit: alyceobvious) |
"We might never have heard of Deeb Salem if he hadn’t sued Goldman over a too-small $8.25M bonus. But now we know how much they made betting against their customers—and got away with it."
Saturday, June 21, 2014
WikiLeaks Reveals Global Trade Deal Kept More Secret Than the Trans-Pacific Partnership
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| Wikileaks Van (Photo credit: Chris Wieland) |
""This agreement is all about making it easier for corporations to make profits and operate with impunity across borders," said PSI General Secretary Rosa Pavanelli in response to the leak. "The aim of public services should not be to make profits for large multinational corporations. Ensuring that failed privatizations can never be reversed is free-market ideology gone mad.""
Friday, June 6, 2014
Monday, May 19, 2014
Trans-Pacific Partnership: Another Trade Liberalization Scam
Trans-Pacific Partnership: Another Trade Liberalization Scam: "The gathering pressure for Congress to "fast track" the Trans-Pacific Partnership (TPP) demonstrates yet again that trade liberalization is one of the few aspects of economic policy about which there is agreement across the mainstream of the political spectrum, in both the United States and Europe. Almost all conservative commentators endorse it with gusto, for centrists it is an article of faith, and even many progressives accept it implicitly by their criticism of industrial country protection. "
Saturday, March 29, 2014
The pope, Obama and a former banker walk into a slum: does the 1% still win? | Chris Arnade | Comment is free | theguardian.com
The pope, Obama and a former banker walk into a slum: does the 1% still win? | Chris Arnade | Comment is free | theguardian.com:
"The sharing-the-winnings part never happens. It certainly didn't happen prior to the crisis, and it didn't happen even as the American economy collapsed. The winners kept using their new wealth to further empower themselves. They did this by flooding the political system with money to stack the deck. Rather than invest in job-friendly projects, they moved production to places with the cheapest labor and the fewest regulations.
When you bend the rules to favor the wealthy, they never give back."
"The sharing-the-winnings part never happens. It certainly didn't happen prior to the crisis, and it didn't happen even as the American economy collapsed. The winners kept using their new wealth to further empower themselves. They did this by flooding the political system with money to stack the deck. Rather than invest in job-friendly projects, they moved production to places with the cheapest labor and the fewest regulations.
When you bend the rules to favor the wealthy, they never give back."
Tuesday, March 25, 2014
Friday, March 21, 2014
Saturday, March 15, 2014
Let’s Take the Politics Out of the Minimum Wage by Indexing it to Inflation « Main Street
Let’s Take the Politics Out of the Minimum Wage by Indexing it to Inflation « Main Street:
"Indexing the minimum wage to inflation is a common sense solution to the overwhelming majority of Minnesotans and has already proved to work well in other states. The state of Washington has the highest statewide minimum wage of $9.32 an hour, which has been indexed to inflation since 1998. Since then, Washington’s economy has not only decreased poverty, but it has created more jobs, including a 21 percent increase to the payrolls of restaurants and bars."
"Indexing the minimum wage to inflation is a common sense solution to the overwhelming majority of Minnesotans and has already proved to work well in other states. The state of Washington has the highest statewide minimum wage of $9.32 an hour, which has been indexed to inflation since 1998. Since then, Washington’s economy has not only decreased poverty, but it has created more jobs, including a 21 percent increase to the payrolls of restaurants and bars."
Saturday, March 8, 2014
Small Business Majority Report - Small Businesses Support Increasing the Minimum Wage to $10.10
Small Business Majority Report - Small Businesses Support Increasing the Minimum Wage to $10.10:
"The majority of small business owners support increasing the federal minimum wage to $10.10 per hour and adjusting it yearly to reflect the cost of living:
57% of small business owners support increasing the federal minimum wage of $7.25 in three stages over two and a half years to $10.10, and believe that it should be adjusted annually to keep pace with the cost of living."
"The majority of small business owners support increasing the federal minimum wage to $10.10 per hour and adjusting it yearly to reflect the cost of living:
57% of small business owners support increasing the federal minimum wage of $7.25 in three stages over two and a half years to $10.10, and believe that it should be adjusted annually to keep pace with the cost of living."
Sunday, February 9, 2014
Long-term Unemployment Benefit Cuts Hit Millions of Jobless in States – Stateline
Long-term Unemployment Benefit Cuts Hit Millions of Jobless in States – Stateline:
"The expiration of benefits not only affects states’ unemployed workers, but their broader economies as well. The program sent more than $25.6 billion in entirely federal dollars to states in 2013, and varying estimates have said the expiration could cost as many as 300,000 jobs nationwide."
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...ero.
"The expiration of benefits not only affects states’ unemployed workers, but their broader economies as well. The program sent more than $25.6 billion in entirely federal dollars to states in 2013, and varying estimates have said the expiration could cost as many as 300,000 jobs nationwide."
'
...ero.
Friday, February 7, 2014
Worker Asks New CEO McMillon: Will You Pay Us Enough to Care for Our Families? • Making Change at Walmart
Worker Asks New CEO McMillon: Will You Pay Us Enough to Care for Our Families? • Making Change at Walmart:
"I’m a 26-year-old Walmart worker from Chicago, Illinois, and hope to be a minister one day. I work an average of 32 hours a week in the meat department at Walmart’s Lakeview Neighborhood Market in Chicago, which adds up to about $13,000 a year. As you can imagine, I struggle to make ends meet."
"I’m a 26-year-old Walmart worker from Chicago, Illinois, and hope to be a minister one day. I work an average of 32 hours a week in the meat department at Walmart’s Lakeview Neighborhood Market in Chicago, which adds up to about $13,000 a year. As you can imagine, I struggle to make ends meet."
Wednesday, February 5, 2014
Postal Service Banking: How the USPS Can Save Itself and Help the Poor | New Republic
Postal Service Banking: How the USPS Can Save Itself and Help the Poor | New Republic:
"Instead of partnering with predatory lenders, banks could partner with the USPS on a public option, not beholden to shareholder demands, which would treat customers more fairly. As the report says, “the Postal Service could greatly complement banks’ offerings,” and in turn help drive out of business some of the most crooked companies in America, while promoting savings and expanding credit for the poor."
========================================================================
What’s the policy? Letting the U.S. Postal Service (USPS) offer basic banking services to customers, like savings accounts, debit cards and even simple loans. The idea has been kicked around policy circles for years, but now it has a crucial new adherent: the USPS Inspector General, who endorsed the initiative in a comprehensive white paper.
"Instead of partnering with predatory lenders, banks could partner with the USPS on a public option, not beholden to shareholder demands, which would treat customers more fairly. As the report says, “the Postal Service could greatly complement banks’ offerings,” and in turn help drive out of business some of the most crooked companies in America, while promoting savings and expanding credit for the poor."
========================================================================
What’s the policy? Letting the U.S. Postal Service (USPS) offer basic banking services to customers, like savings accounts, debit cards and even simple loans. The idea has been kicked around policy circles for years, but now it has a crucial new adherent: the USPS Inspector General, who endorsed the initiative in a comprehensive white paper.
Tuesday, February 4, 2014
STOP THE FAST TRACK TRAIN
please take a moment to watch this very important video, then act. share with friends and family. our sovereignty is at stake, no exaggeration.
Sunday, February 2, 2014
Goldman Deal Threatens Danish Government - NYTimes.com
Goldman Deal Threatens Danish Government - NYTimes.com:
"“It is quite an odd day in the Danish Parliament, considering one of the three parties that was in the government has left,” Benny Engelbrecht, a Social Democratic lawmaker, said in an interview. He said the departure of the Socialist People’s Party “was over a number of things, but inspired by this.”"
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"“It is quite an odd day in the Danish Parliament, considering one of the three parties that was in the government has left,” Benny Engelbrecht, a Social Democratic lawmaker, said in an interview. He said the departure of the Socialist People’s Party “was over a number of things, but inspired by this.”"
==========================================================================
'That so many Danes have been aghast at the idea of
giving Goldman Sachs a prominent role in the
country's energy future reflects how far the damage
to the investment bank's reputation has spread
since the financial crisis.
giving Goldman Sachs a prominent role in the
country's energy future reflects how far the damage
to the investment bank's reputation has spread
since the financial crisis.
'However much the financial world might envy
Goldman's trading prowess, many Danes see
Goldman as an emblem of an industry that helped
cause the crisis and then profited handsomely even
as much of the Continent still struggles to recover.
Goldman's trading prowess, many Danes see
Goldman as an emblem of an industry that helped
cause the crisis and then profited handsomely even
as much of the Continent still struggles to recover.
'Thousands of people have taken to the streets in
recent weeks to protest the deal; a prominent
banner featured the vampire squid that critics have
come to embrace as a symbol of Goldman Sachs.
Nearly 200,000 Danes signed an online petition
against the deal, a record.'
recent weeks to protest the deal; a prominent
banner featured the vampire squid that critics have
come to embrace as a symbol of Goldman Sachs.
Nearly 200,000 Danes signed an online petition
against the deal, a record.'
Report on how Denmark gave the
global financial giant Goldman Sachs
the go-ahead Thursday to buy a stake
in its state utility, causing the
Socialist People's Party to withdrew
its ministers from the country's
governing coalition
global financial giant Goldman Sachs
the go-ahead Thursday to buy a stake
in its state utility, causing the
Socialist People's Party to withdrew
its ministers from the country's
governing coalition
New York Times
January 31, 2014
January 31, 2014
Gates unmasks the real face of Davos | Red Pepper
Gates unmasks the real face of Davos | Red Pepper:
"Amongst other reasons, a big factor is tax avoidance, enabled by the financial liberalisation regime put into place over 30 years by the likes of those who attend Davos. According to the Financial Times: ‘some 94 per cent of Microsoft’s $81bn is now outside the US.’
So Gates doesn’t want a higher minimum wage denting the amount of wealth his company is able to avoid taxes on. "
"Amongst other reasons, a big factor is tax avoidance, enabled by the financial liberalisation regime put into place over 30 years by the likes of those who attend Davos. According to the Financial Times: ‘some 94 per cent of Microsoft’s $81bn is now outside the US.’
So Gates doesn’t want a higher minimum wage denting the amount of wealth his company is able to avoid taxes on. "
Inslee, lawmakers pushing to lift veil on pricing for health care | Local News | The Seattle Times
Inslee, lawmakers pushing to lift veil on pricing for health care | Local News | The Seattle Times:
"“We made a decision with the Affordable Care Act to use competition to control costs,” said Bob Crittenden, Inslee’s senior health-policy adviser. “Competition requires a number of things. You need enough information to make decisions, and we don’t have that right now.”"
...ero.
"“We made a decision with the Affordable Care Act to use competition to control costs,” said Bob Crittenden, Inslee’s senior health-policy adviser. “Competition requires a number of things. You need enough information to make decisions, and we don’t have that right now.”"
...ero.
Friday, January 31, 2014
Wednesday, January 29, 2014
SOTU: Obama Calls for Action to Boosting Economic Mobility
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| English: Verizon Building in New York City (Photo credit: Wikipedia) |
"In all, the president announced a dozen actions that he said would help push against the economic forces that have left lower- and middle-income Americans still struggling to recover from the worst recession in more than seven decades. He also said he’s enlisting companies, including Apple Inc. and Verizon Communications Inc., to help solve issues from expanding broadband in schools to hiring the long-term unemployed."
...ero.
Sunday, January 26, 2014
Minimum Wage Increase Bills Pushed In At Least 30 States
Minimum Wage Increase Bills Pushed In At Least 30 States:
""It's a no-brainer for any Democrat," said Neil Sroka, a strategist for progressive groups who is communications director at the Howard Dean-founded Democracy for America. "Congress is failing. They can take real action right in the states and have a demonstrable impact right here at home. For politics and policy, it's a winning strategy.""
""It's a no-brainer for any Democrat," said Neil Sroka, a strategist for progressive groups who is communications director at the Howard Dean-founded Democracy for America. "Congress is failing. They can take real action right in the states and have a demonstrable impact right here at home. For politics and policy, it's a winning strategy.""
States Cutting Weeks of Aid to the Jobless - NYTimes.com
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| New York Times Magazine (Photo credit: colindunn) |
"States Cutting Weeks of Aid to the Jobless"
"I worked for 26 years; I lost my job through no fault
of my own. This is what I get?'
of my own. This is what I get?'
Alnetta McKnight, of Riegelwood, N.C.,
who lost her job as a security guard
in last June and whose jobless
payments have run out and now,
with her 14-year old son, is living
on close to nothing.
who lost her job as a security guard
in last June and whose jobless
payments have run out and now,
with her 14-year old son, is living
on close to nothing.
Last July, the state sharply cut
its unemployment program,
reducing the maximum number
of weeks of benefits to 20 from
73 and cutting the maximum
weekly benefit as well.
its unemployment program,
reducing the maximum number
of weeks of benefits to 20 from
73 and cutting the maximum
weekly benefit as well.
New York Times
January 22, 2014
January 22, 2014
Rigged rules mean economic growth increasingly “winner takes all” for rich elites all over world | Oxfam International
Rigged rules mean economic growth increasingly “winner takes all” for rich elites all over world | Oxfam International:
"Rigged rules mean economic growth increasingly “winner takes all” for rich elites all over world"
"Rigged rules mean economic growth increasingly “winner takes all” for rich elites all over world"
'In developed and developing countries alike, we are
increasingly living in a world where the lowest tax
rates, the best health and education and the
opportunity to influence are being given not just to
the rich but also to their children.
increasingly living in a world where the lowest tax
rates, the best health and education and the
opportunity to influence are being given not just to
the rich but also to their children.
'Without a concerted effort to tackle inequality, the
cascade of privilege and of disadvantage will
continue down the generations. We will soon live in
a world where equality of opportunity is just a
dream.'
cascade of privilege and of disadvantage will
continue down the generations. We will soon live in
a world where equality of opportunity is just a
dream.'
Winnie Byanyima, executive director of Oxfam
January 21, 2014
Robert Reich (David Brooks' Utter Ignorance About Inequality)
Robert Reich (David Brooks' Utter Ignorance About Inequality):
"Occasionally David Brooks, who personifies the oxymoron “conservative thinker” better than anyone I know, displays such profound ignorance that a rejoinder is necessary lest his illogic permanently pollute public debate.
Such is the case with his New York Times column last Friday, arguing that we should be focusing on the “interrelated social problems of the poor” rather than on inequality, and that the two are fundamentally distinct.
Baloney."
..
.
ero.
"Occasionally David Brooks, who personifies the oxymoron “conservative thinker” better than anyone I know, displays such profound ignorance that a rejoinder is necessary lest his illogic permanently pollute public debate.
Such is the case with his New York Times column last Friday, arguing that we should be focusing on the “interrelated social problems of the poor” rather than on inequality, and that the two are fundamentally distinct.
Baloney."
..
.
ero.
Friday, January 24, 2014
US pensions funding gap closes, driving corporate profits
US pensions funding gap closes, driving corporate profits:
"All told, companies in the S&P 500 saw an aggregate improvement of more than $300 billion in their pension plans, a gain that brought assets to around 93 percent of expected obligations, according to International Strategy & Investment, a New York research firm."
"All told, companies in the S&P 500 saw an aggregate improvement of more than $300 billion in their pension plans, a gain that brought assets to around 93 percent of expected obligations, according to International Strategy & Investment, a New York research firm."
Sunday, January 19, 2014
NAFTA’s Trail of Destruction - In These Times
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| English: North American Agreement (orthographic projection) (Photo credit: Wikipedia) |
'After two decades of NAFTA, the evidence is clear: the vaunted deal failed at its promises of job creation and better living standards while contributing to mass job losses, soaring income inequality, agricultural instability, corporate attacks on domestic health and environmental safeguards and mass displacement and volatility in Mexico.'
...ero.
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