This week, President Obama ordered changes to the federal student loan program that could help millions of borrowers make their payments more affordable starting in December 2015.
Big news! President Obama announced an Executive Order this afternoon that would extend the protections of Income-Based Repayment to an estimated five million more student borrowers.
President Obama is expected to announce an Executive Order that would extend the protections of Income-Based Repayment (or more specifically, Pay As You Earn) to student borrowers who took out loans before 2007 or stopped borrowing by 2011.
President Obama signed an executive order Monday that could extend student debt relief to an additional 5 million people — a move aimed in part at better educating young borrowers of their rights while jumpstarting a moribund debate on the issue in Congress.
Walmart has grown from a single store in Rogers, Arkansas, into a massive American institution. It takes in more money per year than most countries produce in GDP. It employs 1.4 million people, or nearly 1 in 100 American workers. Its stores cover 1.1 billion square feet.
There was a lot of pomp and circumstance at Walmart's (WMT) shareholder meeting Friday. In the "pomp" department, over 20,000 of Walmart employees were treated to a star-studded spectacle featuring Pharrell, Robin Thicke, Florida Georgia Line, Sarah McLachlan and Harry Connick Jr., among others.
There was a lot of pomp and circumstance at Walmart's (WMT) shareholder meeting Friday.
In the "pomp" department, over 20,000 of Walmart employees were treated to a star-studded spectacle featuring Pharrell, Robin Thicke, Florida Georgia Line, Sarah McLachlan and Harry Connick Jr., among others.
As the nation’s trillion-dollar student debt continues to rise, a new analysis of public higher education’s funding finds dwindling state support is the key factor driving rising tuition costs and deepening student debt.
All across the country, public services are increasingly outsourced to private contractors in the name of efficiency and cost savings. But a new report from the non-profit research group In the Public Interest (ITPI) shows that outsourcing public services hurts middle and working class communities as well as workers.
You’ve probably heard by now that a stunning 95 percent of the gains the United States economy has made in the years since the Great Recession have gone to the top 1 percent.
“Working moms” employed by the world's biggest retailer, Walmart, have walked off their jobs in a number of cities across the United States. Union organizers said employees walked picket lines Wednesday throughout the day in 20 cities including Tampa, Miami, Chicago, Milwaukee, Minneapolis, Los Angeles, and San Francisco.
Under the banner of "Walmart moms," mothers who work at Walmart launched strikes in 20 cities across the United States on Wednesday to protest what they say are poverty wages and routine policies of retaliation against workers who organize. From Chicago to Pittsburgh to Miami, the mass actions were part of rolling strikes launched last Friday by Our Walmart members.
Walmart workers speaking at the company’s annual shareholder meeting in Bentonville, Arkansas, on Friday said the megastore’s staffing problems and poor pay were hurting the company’s image and contributing to lagging sales.
Their statement comes after a week of rallies across the country by labor activists, union representatives and workers in cities such as Chicago; Dayton, Ohio; and Baton Rouge, Louisiana. The demonstrators have taken aim at the plight of the company’s low-wage employees and the burden they say Walmart’s staffing policies place on working mothers.
While many of Walmart's workers rely on food stamps and other government aid to make ends meet, its top eight executives are living better, thanks in part to $298 million in tax-deductible "performance pay" during the past six years.
Walmart employee Janet Sparks claims she's not making a living wage, but insists she's determined to change that. "Across the country, we're all standing together today," she told NOLA.com | The Times-Picayune while holding up a protest sign outside of the big box store.
Sparks and five other Walmart employees, along with local group Walmart Moms and the AFL-CIO protested outside of the Cortana Mall Walmart Wednesday (June 4) as part of a national day of action against the chain store leading up to its annual shareholders' meeting.
Walmart, the world's largest retailer (and America's largest private employer), occupies a rather strange place in the business landscape: a technologically innovative company with a down-home reputation – a low-wage, low-benefit employer that prides itself on a family atmosphere. Walmart masks the lousy working conditions that make its profits with its particular form of market populism: millions of "Walmart moms" can't be wrong for wanting to "save money, live better", can they?
Walmart's top brass and its shareholders face a confrontation with their "moms" at the company's annual shareholders meeting Friday in Fayetteville, Ark. That is, the "Walmart Moms" who are demanding higher wages from the nation's biggest employer. The labor union-supported workers' group is demanding a pay increase to $12.25 an hour, or $25,000 a year for full-time work. Organizers said that workers would picket on Wednesday outside stores in cities including Chicago, Miami, Milwaukee, Minneapolis, Los Angeles and Tampa.
Walmart, the world's largest retailer (and America's largest private employer), occupies a rather strange place in the business landscape: a technologically innovative company with a down-home reputation – a low-wage, low-benefit employer that prides itself on a family atmosphere. Walmart masks the lousy working conditions that make its profits with its particular form of market populism: millions of "Walmart moms" can't be wrong for wanting to "save money, live better", can they?