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When Governor Lincoln Chaffee signed the Temporary Care Giver’s Insurance law last week, Rhode Island became the third state—along with California and New Jersey—to grant paid time off to care for a sick loved one or a new baby. Rhode Island’s law, which goes into effect in 2014, will not only
In the media
Sharon Lerner
Without a doubt, the big banks should be broken up; the need is even more urgent than it was in 2007 or 2008. The Federal Reserve Bank of Dallas – hardly an Occupy Wall Street affiliate – titled its 2011 Annual Report "Choosing the Road to Prosperity: Why We Must End Too Big to Fail – Now."
In the media
Wallace C. Turbeville
Low-wage workers employed under federal concession and lease agreements went on strike at Union Station on Thursday, calling on President Obama to guarantee them a living wage and a voice on the job.
Blog
Robert Hiltonsmith
Well, that’s embarrassing. McDonald’s sample budget for its employees lays bare the reality of trying to make it on a food service job at $7.72 an hour (mildly above the federal minimum wage of $7.25).
Blog
Joseph Hines
If you think Wall Street has cleaned up its act after a global financial disaster and then sweeping reform legislation, think again. A new survey by Labaton Sucharow, a law firm that represents Wall Street whistleblowers, has revealed that the financial services industry still has profound ethical
Blog
David Callahan
The Consumer Finance Protection Bureau (CFPB) recently issued several try-at-home remedies to aid in the struggle against unruly debt collection firms. In a blog post, they introduced:
Blog
Jack Grauer
This morning, several media outlets rushed to report that Commodity Futures Trading Commission Chairman Gary Gensler had lost his battle to secure robust rules governing the international exercise of the Commission’s jurisdiction to govern derivatives.
Blog
Wallace C. Turbeville
Yesterday Senators Warren, King, McCain, and Cantwell introduced the 21st Century Glass-Steagall Act of 2013 which would rebuild the firewall between commercial and investment banks that existed from the days of FDR's first term following the great crash until 1999 at the height of bipartisan
Blog
Alex Amend
Low-wage workers at the Smithsonian Institution in Washington, D.C. went on strike today. The striking workers are employed through private federal contractors—mostly vendors at federal buildings like the Smithsonian Museums, the Ronald Reagan Building and the International Trade Center. Although
In the media
Jeff Schuhrke
The question of student loans is taking on an increasing urgency everywhere but Washington. Rates on federally subsidized loans doubled to almost 7% on July 1, thanks to Congressional bickering and dithering. The latest attempt to roll back the rates failed to get out of the Senate earlier this week
In the media
Helaine Olen