With Thanksgiving come and gone, we are now officially in the thick of the holiday shopping season, which means a good chunk of the country will be driving down to Walmart, Target, and other giant discounters to pick up gifts for friends and family. When they do, they'll be rewarding some of the largest companies in America for paying many of their front line workers poverty wages.
This Black Friday the lives of low-wage retail workers were thrust into the spot light as employees of a variety of stores weent to work on Thanksgiving Day and strikersdescended on Walmart stores in 100 cities.
Thousands of Walmart workers around the country are planning to strike on Black Friday, hoping to end retaliation they claim the massive retail chain’s workers receive when they speak out for better working conditions.
It is really terrific to see retailers here giving critical attention to the Demos study. As a former business owner in the health services industry, I do realize that these problems are more than just abstract theory. That's one of the reasons why Demos and I thought it would be useful to evaluate the possibilities for adopting this business model across the retail sector, especially as the importance of retail to the US economy continues to grow.
It's widely known that the U.S. is way out of step with the rest of the world in not having paid maternity leave. We are now one of only three nations—rich and poor - that don't guarantee job-protected time off with some amount of income after the birth of a child.
Four-year-old John Kaykay is a serious and quiet boy—“my thoughtful one,” his dad calls him. When the official greeters at the front door of the McClure early-childhood center in Tulsa welcome him with their clipboards and electric cheer—“Good morning, John! How are you today?”—he just slowly nods his small chin in their direction. When he gets to Christie Housley’s large, sunny classroom, he focuses intensely on signing in, writing the four letters of his name with a crayon as his dad crouches behind him.
The last presidential debate not only continued the silence on climate change, it also advanced the false narrative that we have to choose between economic growth and action on climate change. While the candidates focused on how to keep gas prices down, increase energy independence, and create jobs, they never addressed how we can use our energy plan to fight climate change. By refusing to address climate consequences, both candidates reinforce the idea that we either focus on economic growth or we focus on the environment, but not both.
In politics, there inevitably comes the dreaded time when politics and politicking run into reality. It is the point at which you can no longer appease two opposing parties and a decision must be made that chooses one party's interests over the other. I imagine politicians hate this moment because it shows their true character, for better or worse.
No doubt the new International Energy Agency (IEA)'s latest World Energy Outlook will be cause for celebration for the fossil fuel industry. In it, IEA points to the strong oil and gas production in the U.S. and predicts that by within a decade or so, the U.S. will become the world's largest oil producer, surpassing Saudi Arabia and Russia. By 2030, North America could be a net oil exporter and, around the same time, the U.S. will likely be energy independent.
To hear the media tell it, all eyes are on the fiscal cliff. Which side is compromising and which side isn't? Which side's numbers add up? How can votes in the House and the Senate be structured for maximum political gain? What will the deal ultimately be? And, most important, which side will win and which side will lose? Is this great drama gripping the entire nation? Actually, only Washington and the media are transfixed.
Older Americans rely on credit cards as their financial safety net and pay down less of their debt than younger consumers, a new study shows.
Last year, the low- and middle-income 50-plus population had an average credit card balance of $8,278, compared with the younger generation's balance of $6,258, according to research conducted by Demos, a liberal public policy organization on behalf of AARP.
Not since the years before the Watergate scandal has a small cadre of mega-donors influenced our elections as much as wealthy givers such as casino tycoon Sheldon Adelson, DreamWorks Animation CEO Jeffrey Katzenberg, Texas homebuilder Bob Perry, and Chicago media mogul Fred Eychaner did in 2012.
A scheme under consideration in Virginia to rig the Electoral College in Republicans’ favor could well violate a key provision of the Voting Rights Act, experts on the law say. But that very provision is itself under challenge by the GOP, and could be struck down by the Supreme Court later this year.
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Brenda Wright, a top lawyer at Demos and an expert on voting rights, agreed. “I think there would be strong arguments” that the change harmed minority voters, she said.
It falls into the good-luck-with-that category, but nevertheless the Wisconsin Public Interest Research Group and nine other organizations have announced they’re forming a coalition aimed at getting the Wisconsin Legislature to put an advisory referendum on the ballot about the growing problem of unlimited campaign spending.
Tonight on NBC Nightly News, Chris Jansing reports on a new study that shows Americans age 50 and older are carrying an average of $8278 in credit card debt, thousands more than younger people. In addition, nearly 18 percent of those nearing retirement said they are using their retirement funds to pay down credit card debt.
AARP announced a major policy and research initiative Tuesday drawing attention to the economic decline of the American middle class. In the run-up to what will surely be a bruising Congressional battle over Medicare, Medicaid, Social Security, and other federal benefit programs, the powerful seniors' group said it would push for strengthened supports for all generations.
The head of AARP warned Tuesday that cost-of-living adjustments in Social Security would jeopardize the retirement security of many seniors.
A. Barry Rand, in a speech at the National Press Club, laid out his group's agenda as Washington heads into another showdown over the debt ceiling.
Rand repeated AARP's opposition to moving to the so-called chained consumer price index (CPI), calling it "one of the worst" ways to reduce spending in Social Security.
AARP CEO A. Barry Rand called for renewed focus on strengthening Social Security, Medicare and Medicaid in a speech today at the National Press Club. Rand discussed findings from AARP Public Policy Institute's newly released "Middle Class Security Project," which studies how middle class working Americans struggle - and often fail - to build and maintain retirement security.
Adrift on a sea of red ink, more middle class Americans are feeling queasy about their retirement plans. And many of those struggling to save have very little time to right the ship.
Elderly Americans are carrying more credit card debt, according to a new survey.
The survey reports the main reason is due to job loss and medical bills, not because of a lack of financial responsibility.
The study looked at 997 middle-income households that were carrying credit card debt for at least three months. Of the respondents, households age 50 and older had an average credit card balance of $8,278 compared to an average debt of $6,258 for households under age 50.