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Just three days before Kevyn Orr, the emergency manager appointed by Michigan Governor Rick Snyder to run the fiscally strapped city, filed the largest municipal bankruptcy case in history, he signed a forbearance agreement with UBS and Bank of America/Merrill Lynch establishing a process to settle
In the media
Wallace C. Turbeville
Here we see the trick to undermining any universalistic program: creating an “us against them” narrative.
Blog
Sean McElwee
One day after a top Obama administration official deflected a congressman’s call for executive action to raise labor standards for contractors, activists Wednesday announced the filing of a new Department of Labor complaint over alleged wage theft in a government building. The complaint alleges that
In the media
Josh Eidelson
Here’s some welcome news. At his meeting with Democratic Senators last night, President Obama indicated that he is giving serious consideration to executive action designed to raise the minimum wage for employees of federal contractors, according to one Senator who was present.
In the media
Greg Sargent
U.S. Bankruptcy Judge Steven Rhodes rejected a proposal by Detroit’s Emergency Manager Kevyn Orr to pay off a complex financial deal that was originated in 2005 and turned catastrophic for the city during the recession.
Press release/statement
The SEC should require companies to disclose their political activities.
Blog
Sean McElwee
As the White House prepares to launch a major economic opportunity effort, record high unemployment among black and Latino youth underscores how essential it is to create job opportunities for young people of color. The critical issue here is that the ages of 16 to 24 are make or break years for
In the media
Imara Jones
Contact: Lisa Gilbert, Public Citizen (202) 454-5188 Elizabeth Kennedy, Demos (212) 419-8772 Blair Bowie, U.S. PIRG (202) 546-0173
Press release/statement
Fifty years ago today (January 8) President Lyndon B. Johnson used his 1964 State of the Union address to declare an "unconditional war on poverty." What led LBJ to make such a bold move? The Cold War, the civil rights movement, and a taste for ambitious goals were all part of the mix. [...]
In the media
Peter Dreier
Betty McCray, 53, has moved around a bit in her lifetime. She’s worked as a chef, a nursing home attendant and a welder. Throughout, she says proudly, she has “worked union,” even in states with anti-labor right-to-work laws, such as Tennessee, where she moved in 2010 to be closer to her son.
In the media
Sarah Jaffe