Retail companies don't have to choose between high wages and high profits, argues a new report from the researchers at Demos.
In Retail’s Hidden Potential, policy analyst Catherine Ruetschlin says that higher wages across the retail industry would create jobs and reduce poverty without cutting significantly into employers’ profit margins.
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.
The job of reforming Wall Street is far from finished. The most profitable investments for the big banks continue to be Washington lobbyists chipping away at reform and litigators challenging every major rule in court.
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.
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.”
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.
As we celebrate Occupy Wall Street’s first birthday, the movement's pivoted from financial regulation to focus on crushing consumer debt. While reforming debt is crucial (particularly student debt), finance remains an imminent threat to the American economy. We shouldn't forget it.
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.
POLITICO led this morning with a piece arguing that Mitt Romney's clay feet on the subject of national security threaten to turn him into John Kerry. I don't quite buy the comparison, however Kerry-like Mr Romney may be in his stiffness and aloofness; Mr Romney never claimed national security as a core competency, as Mr Kerry did.
A very different kind of organizing campaign than AFSCME’s is going on in states across the country with a single undemocratic purpose: to keep voters away from the ballot box.
A study by Demos, a liberal research center, found that a median-income couple that invested in 401(k)’s for 40 years with fees averaging 1.6 percent a year would achieve $354,850 in assets at average savings rates, but only after paying $154,794 in investment fees.