In America, employees have the right to stick together to form unions and bargain collectively. At least, we’ve got those rights on paper. In practice, many employers routinely violate rights to organize, threatening, harassing, and illegally firing workers, whenever employees try to band together.
States used to have the authority to enforce usury laws, capping the excessive interest rates of any lender interested in transacting business with their citizens. Although usury laws are still on the books in some states across the country, when it comes to credit cards they are rendered useless by deregulation of the industry.
Despite a year filled with corruption scandals, the New York State legislature failed to adopt a public financing program—a necessary step in removing the outsized influence of money in politics. Senate Democrats proposed a last minute amendment to another bill before the end of the legislative session, but it failed because it did not receive support from every member of the Democratic conference.
New Jersey Senate heard arguments last week for legislation that would ban the exclusion of formerly incarcerated people from applying for jobs on the sole basis of their records. Part of the Opportunity to Compete Act in NJ, “ban the box” proposals like this one refer to the box convicted felons must check on employment paperwork.
For young people who look to the monthly jobs numbers for signs of hope for their future, the good news is in: that part-time, low-pay, no-benefits wait staffing job you always wanted is available for the summer.
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:
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 deregulation fever—a 66 year-period without a financial crisis as destructive as the one that occurred in 2008.
This morning, severalmedia 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.
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 problems.
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).
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.
How financial market practices not only risk catastrophic systemic failure like 2008, they constitute a massive extraction of value from the real economy by the financial sector.
Over the past decade or two, top transnational corporations -- including Apple, GE, and Google -- have figured out how to sidestep national tax collection systems, depriving governments of billions of dollars in revenues.
Job security, with good wages and durable industries. A good education. A home to call your own. Affordable health care when you get sick. A secure retirement even if you’re not rich.
Many people on public assistance do not know that it is federally mandated—under the National Voter Registration Act—that they receive the opportunity to register to vote every time they visit a public assistance agency.
The Senate Finance Committee wrote an open letter last month to the rest of the Senate calling for tax code reform suggestions. The due date for proposals was this past week. Among other parts of the code, the charitable tax deduction faces potential overhaul.
The North Carolina legislature has had a remarkable session. In fact, the amount they have been able to accomplish is almost jaw-dropping—not because it was particularly productive but because it was so bold and unabashed it its attack on low and middle income families and basic elements of democracy. Among the legislative lowlights: