In a keynote address last Friday in Baltimore, Maryland Governor Martin O’Malley broke down the reasons behind his administration’s decision to make Maryland the first state in the union to employ a Genuine Progress Indicator (GPI), a quantitative assessment that integrates both the costs and the benefits of economic development into a monetary measure of whether growth is truly enhancing the welfare of individuals and communities.
NEW YORK -- Today, the Supreme Court released its decision in Arizona v. Inter Tribal Council of Arizona (No. 12-71), striking down an Arizona law that created unnecessary barriers to voter registration in violation of the National Voter Registration Act (NVRA).
Philadelphia requires city-subsidized organizations to give employees health benefits, a living wage of $10.88 an hour and paid sick leave. But the ordinance only applies only to “businesses with direct city contracts,” according to The Philadelphia Inquirer, and excludes subcontracted employees at Philadelphia International Airport (PHL). Philadelphia Councilman Wilson Goode Jr.
Credit reports weren’t designed to be job-screening tools. But about half of employers now use them when making hiring decisions, according to a 2012 study by the Society for Human Resource Management. The practice cuts across all sectors of the economy, from high-level management to office assistants, home health-care aides, and people who work the counter serving frozen yogurt.
For some job seekers, repeated rejection by potential employers may be traceable to an unlikely source: their credit report.
Regulators are cracking down on some of the methods companies are using to screen candidates (two major companies this week were accused of using background checks to discriminate against black applicants.) But employers’ use of credit checks during the hiring process is legal and fairly common.
Regulators in the United Kingdom are looking into allegations that traders from some of the world's largest banks have been manipulating benchmark foreign-exchange rates to make profits on the backs of clients.
Bloomberg News broke the story earlier this week, citing interviews with several anonymous traders who claim the practice has been occurring for at least 10 years. [...]
We have learned, painfully, of the damage derivatives can do to an economy in a financial crisis. But derivatives are hurting the economy even on its best days, according to a new study.
Evelyn Coke was a Jamaican-born, single mother of five who worked for decades providing care for sick and frail people in their homes. She came to the United States in her thirties and ultimately brought her children to live with her in New York City.
First, the American Pediatrics Association noted that poverty was the number one danger facing children today. If that wasn’t bad enough, it seems the elderly are just as vulnerable, especially in the light of potential entitlement cuts.
In the wake of the National Security Agency scandal, the mainstream media is obsessing over Edward Snowden’s security clearance. It is asking, along with Senators from the Intelligence Committee, why a systems administrator at Booz Allen Hamilton had access to troves of top-secret documents and whether or not the vetting process for the other 1.4 million people with top-secret clearances is rigorous enough. The fear, the mainstream seems to be pushing on Americans, is that other leaks are in store.
Last month Nevada joined a growing number of states and cities that are forbidding companies from using credit checks to make employment decisions. But the practice is still legal under federal law. [...]
The retail sector has been a star of recent jobs reports. May's numbers from the Department of Labor say it was responsible for adding 28,000 positions to the overall economy. It's on an upward trend – the monthly retail employment number has averaged 20,000 for the past year.
Considering one in nine Americans work in, for or in stores ranging from the corner grocery to big box behemoths, this should be great news. And it would be – if these jobs paid anything resembling a living wage. But all too many of them don't. [...]
Borrowing a line from Tolstoy, Gar Alperovitz’s latest book, What Then Must We Do?: Straight Talk About the Next American Revolution, seeks to resolve a troublesome political puzzle: How do we eradicate systemic problems like inequality, climate destruction, and poverty when these problems seem to get worse and worse, year after year, despite the good efforts of social reformers, progressives, and radicals of all stripes? Good question.
One by one, the House Financial Services Committee has rubber-stamped industry approved bills that would weaken elements of Dodd-Frank designed to hem in risky derivatives trading.
Costco pays its workers wages well-above the industry standard, offering a reported average of $20.89 per hour plus affordable health coverage, vacation time, and a matched 401(k). This investment pays off in terms of a shockingly low rate of employee turnover.
A new report details how the failure to finalize rules harms the American people by compromising the safety of food, automobiles, workplaces and protections for investors.
“Welfare” as it now exists in the United States aims to provide a short-term safety net for very needy families with children and prepare adults to get jobs. The Temporary Assistance for Needy Families law passed by Congress in 1996 said that cash assistance should be limited to no more than five years (sixty months) over a lifetime.
As members of the class of 2013 stepped on stage to receive their diplomas, the unemployment rate in America stood at 7.6 percent — a bit better than the past four years, but that ain't saying much. Before the financial crisis, students graduating in 2007 faced a much rosier jobless rate of only 4.7 percent. The fact of the matter is that the past four years of high unemployment numbers represent the worst economy the country has suffered in 70 years, and young adults are shouldering a hefty part of the burden.