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“We are on strike today to have respect and dignity at work,” says Walter Melendez, one of approximately 40 Los Angeles port truck drivers who walked off the job at 5a.m. morning in protest of alleged unfair labor practices. The strikes featured the rolling “ambulatory pickets” that the truckers
In the media
Sarah Jaffe
In the past week, both a senior editor at Fortune magazine and the liberal think tank Demos have made similar proposals for how Walmart could greatly increase worker wages without harming its business prospects.
In the media
Hamilton Nolan

How Walmart Can Invest in Its Workforce Without Costing Customers a Dime

Research
Catherine Ruetschlin
Amy Traub
There are few better ways to uncover fraud in an industry than to incentivize insiders to blow the whistle on wrongdoing. And a little known part of Dodd-Frank did just that for the securities industry, creating a new whistleblower program run by the SEC that can bestow huge rewards on anyone who
Blog
David Callahan
Credit card fees can be expensive and annoying, there’s no doubt about it. But many of them can be avoided if you’re careful and others may be worth paying if you get something worthwhile. For example, many of the best rewards credit cards charge annual fees, but people who use them frequently are
In the media
John Kiernan
You can explain the current plight of the American middle class in three sentences. Timothy Egan did in the New York Times this week:
Blog
Amy Traub
“Must have good credit.”
In the media
Amy Traub
If asked, Americans of all political persuasions will say overwhelmingly that they prefer “ tougher rules” for Wall Street. But what does that actually mean?
In the media
David Dayen
Image
Black veteran with children
Black veterans weren't able to make use of the housing provisions of the GI Bill because banks generally wouldn't make loans for mortgages in Black neighborhoods, and African-Americans were excluded from the suburbs by a combination of deed covenants and informal racism.
Blog
David Callahan
If a bad job market wasn’t damaging enough, the cost of paying off student loans does much more harm to the long-term prospects of young people than is commonly realized.
In the media
Yves Smith