Black Friday has heaped new pressure on big box stores to bump up worker pay, with a group of Walmart employees plotting a walkout on the country’s biggest shopping day and the think tank Demos releasing a study Monday that touts the benefits of higher wages.
Henry Ford famously decided in 1914 to pay many of his workers the then incredible sum of five dollars a day, which was substantially higher than the prevailing wage at the time.
Baby boomers are the first generation in American history to be entering retirement saddled with debt, including unpaid balances on credit cards.
The financial crisis in 2008 that sent the economy into a recession crippled many baby boomers’ retirement accounts, forcing many to stay in the workforce or significantly alter their retirement lifestyle plans. Now, the oldest of the boomer generation are receiving Social Security checks alongside notices from bill collectors.
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.
WASHINGTON -- More than half of the nation's 400 richest citizens have contributed money to help elect President Barack Obama or former Massachusetts Gov. Mitt Romney to the White House. These members of the Forbes 400, who boast a combined net worth of $1.7 trillion -- more than 10 percent of the country's gross domestic product -- have donated more to affect the outcome of the presidential race than ever before.
It's a sign of our shadowy times that the latest regulatory "reform" bill hasn't been laughed out of Washington. Same goes for the latest bankers' complaint, this time about being asked to cover their own bets. And if you think it's bad now, wait and see what happens if Romney takes over.
Think "global catastrophe."
While bank-friendly politicians offer insipid legislation, the world economy is still at risk. And it could get worse.
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.
Kimberly Kelley of Tampa has provided Florida elections officials with thousands of names of people she thinks may be ineligible to vote and should be removed from the rolls. On Election Day, she’ll join thousands more — people of all political stripes — to monitor balloting.
“I believe there is fraud both ways. I don’t think it’s a specific group,” said Kelley, a registered Republican whose group is called Tampa Vote Fair. “We’re just there to observe. We’re not going to intimidate anyone.”
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.
Wednesday night’s first presidential debate between President Obama and Mitt Romney was live-blogged or live-tweeted by almost every think tank. The depth of the commentary ranged from appearance to proposal. After a little time to process, think tank experts are weighing in with analysis beyond 140 characters.
If there are any truths to hang your hat on in the ongoing debate about the future of American healthcare, it’s this one: Medicare is really expensive.
As part of an event celebrating the National Employment Law Project, I participated in a panel moderated by Bob Herbert, former oped writer for the NYT (an extremely compelling one at that, whose themes were race, poverty, inequality, and justice) and now a senior fellow at Demos (the other panelists were Dorian Warren and Lynn Rhinehart).
At a minimum, we can expect “poll-watchers” to come up with enough “documented” examples of “voter fraud” to support a general post-election effort to de-legitimize the results.
The afternoon before early voting began in the 2010 midterm elections, a crowd of people gathered in the offices of a Houston Tea Party group called the King Street Patriots. They soon formed a line that snaked out the door of the Patriots’ crumbling storefront and down the block, past the neighboring tattoo parlor. The volunteers, all of whom had been trained by the Patriots to work as poll watchers, had come to collect their polling-place assignments.
Is there a “state of emergency” over voting rights in America? That was the declaration of a coalition of civil rights, faith-based and social justice organizations and groups representing communities of color in a conference call on Wednesday, just in time for National Voter Registration Day on Sept. 25.
A mid-September sunny day in New York City draws those with the day off to go to the parks and laze along the avenues, walking by the workers on call, cleaning up after tourists, holding together a city that always seems held together by the sweat of its massive workforce and a dose of city pride. Beneath the massive Washington Arch, a woman in a wheelchair, beside other men and women in wheelchairs and other prosthetic devices, holds a sign that says, “Occupy Wheelchairs.” The Occupy Wall Street Disability Caucus is holding an assembly to proclaim its presence at Occupy, Year 2.
There are three inducements of support that Americans are powerless against: the promise of whiter teeth, the suggestion of no-diet weight loss and the cause of justice.
Four years ago today, Lehman Brothers collapsed as Hank Paulson and his colleagues made the fateful decision that free market principles demanded that at least one bank crippled by the deteriorating financial system had to be sacrificed at the altar of moral hazard. These “deciders” had no idea of the firestorm they were igniting. They did not foresee that the financial system that had evolved during 30 years of deregulation (based on specious economic theory and ideology) was so interconnected that it would collapse like a house of cards. Within a few weeks, the U.S.