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Weill Cornell Medical College last week accepted $100 million from the Weill Family Foundation to help "translate research breakthroughs into innovative treatments and therapies for patients.” More precisely: A college dean who also served on the board of a big-pharma firm while it defrauded
Blog
Jack Grauer
Today, the Obama administration extended minimum wage and labor protections to nearly two million home care workers, ensuring that these employees will now be covered under the Fair Labor Standards Act. Last year, Demos submitted a public comment to the Department of Labor urging this regulation.
Press release/statement
Progressive groups are warning that the Supreme Court may be on the verge of allowing federal candidates to collect multi-million dollar checks from donors. Speaking to reporters on Monday, attorneys and representatives from the campaign finance watchdog groups Democracy, Public Citizen and Demos
In the media
Byron Tau
Over the past two decades, both political parties have basically embraced a low-wage economy in which paltry wages for millions of Americans is offset by favorable tax treatment: both through the EITC and other credits, and low or zero tax rates for earners at the bottom of the economic ladder. Toss
Blog
David Callahan
There’s a line in Johnny Paycheck’s 1977 hit song that goes “I’d give the shirt right off my back, if I had the guts to say ... Take this job and shove it, I ain’t working here no more.” In the past year, fast-food, retail, and warehouse workers have shown they do have the guts—but instead of
In the media
Nicole Aschoff
Occupy Wall Street was born exactly two years ago today, and even as that movement reached its zenith later in the fall of 2011, it was easy to dismiss the activists who took over financial centers around the nation. Their policy agenda was amorphous and their organizational processes seemed
Blog
David Callahan
Like so many young Americans, Derek Wetherell is stuck. At 23 years old, he has a job, but not a career, and little prospect for advancement. He has tens of thousands of dollars in student debt, but no college degree. He says he is more likely to move back in with his parents than to buy a home, and
In the media
Ben Casselman
Marcus Walker
Image
View of high rise buildings from the street
Five years after the fall of Lehman Brothers and the worst financial crisis since 1929, one thing seems certain: another meltdown of the financial system will eventually happen. Why? Because we still haven't fixed many of the problems that led to the last crisis.
Blog
David Callahan
Wallace C. Turbeville
When it comes to financial products, the line between employee and consumer often becomes blurry. If your boss insists that you receive your wages on a pre-paid debit card that charges high fees to access your earnings or check your balance it’s clearly a serious employment problem. And yet consumer
Blog
Amy Traub
California is going to raise its minimum wage to $10 an hour by 2016, and surely one reason is the wave of strikes by low-wage workers over the past year. When workers hit the picket lines, it's tempting to gauge their chances of success in narrow terms: Will they force concessions from their
Blog
David Callahan