So much has been accomplished by Occupy and other social justice movements in the past two years that it is incredible the corporate media and their pundits do not report on what is happening around them. Despite the lack of corporate media coverage, the movement is deepening, creating democratic institutions, stopping some of the worst policies from being pushed by the corporate duopoly and building a broad-based diverse movement. [...]
Courtney Shackleford is one of two entry-level employees at the Ben and Jerry’s in Washington, D.C.,’s Union Station, where she makes $8.25 an hour. Like many workers in America’s growing low-wage economy, she struggles to make ends meet: Between her pregnancy and her tuition fees at Trinity Washington University, Shackleford doesn’t make enough to cover basic expenses.
Delano Wingfield, 22, has been grilling up food and cleaning dishes at Roti Mediterranean Grill in Washington D.C.’s Union Station for almost a year. Struggling to get by on $9 an hour, he started encouraging coworkers to strike with him. His manager found out, he said, and slashed his hours.
“It was hard with 35 hours, and now I don’t know what I’m about to do with the 20 hours they gave me,” he said Wednesday. “I’m out here to make myself and everyone else more money.” (Wingfield’s manager did not respond to a request for comment.)
In a speech last July, President Obama vowed that “whatever executive authority I have to help the middle class, I’ll use it.” On Wednesday, an estimated 175 workers who serve food, sell mementos or do maintenance work in federal buildings in Washington D.C. went on strike for the day. Instead of showing up at their jobs, they showed up in front of the White House, where they urged President Obama to live up to his word.
For some recent college graduates, this fall’s back-to-school season marks the beginning of the back-to-living-at-home stage of their lives. But with careful financial planning, that stage doesn’t have to last long, advisers say.
Americans are coming to face the hard reality that they live in a new Gilded Age, with inequality at levels not seen since before the Great Depression. Even worse: Uncle Sam is subsidizing this lopsided economy.
The student loan default rate is soaring, and it's flying highest among for-profit schools.
The U.S. Department of Education reports that across the nation, the share of borrowers who default within two years after college loan payments become due has risen nearly a full percentage point to 10 percent, while the rate for people who default within three years is up to 14.7 percent.
Low-wage workers followed members of Congress to the World War II Memorial on Wednesday to protest a federal government shutdown that had entered its second day.
The two-dozen protesters, organized by a labor group called Good Jobs Nation, work in federal buildings affected by the shutdown. The group has organized several small strikes and protests to draw attention to the estimated 2 million workers directly or indirectly employed by the federal government for low wages.
Where does the corporate bottom line end and the public interest begin? Through the voodoo economics of federal contracting, Washington's "partnerships" with private corporations have drained the public trust straight into the pockets of top corporate executives.
The debate over America’s federal budget is getting stale — and getting us nowhere, as the latest government shutdown depressingly reminds us. Political obsession over budget deficits has now morphed into legislative extortion.
Don't use that post-surgery fog as an excuse to ignore medical bills, even if you're still contesting them with your doctor or health insurer. Otherwise, your credit score will need to heal, too.
Medical debt is the most common type of collection account, representing nearly half of all reported collections. Almost 1 in 6 credit reports contain a medical debt collection, according to the Federal Reserve. And about 2 in 5 Americans reported a lower credit rating last year due to unpaid medical bills.
Three and a half years have passed since the afternoon when the stock markets went into a trillion-dollar free fall and just as suddenly reversed course, recovering 80 percent of that loss. It all happened in less than 45 minutes.
Washington D.C. Mayor, Vincent C. Gray vetoed legislation demanding that large retailers pay a higher minimum wage, Sept.15. The announcement came on the heels of Wal-Mart threatening to cancel plans for new stores in the District of Columbia if the minimum wage was increased.
Mayor Gray denied that he vetoed the minimum wage because of Wal-Mart’s threat in his weekly radio address.
On September 15, the fifth anniversary of the collapse of Lehman Brothers, progressives toasted a victory.
True, thanks to Congressional timidity, the biggest banks have only gotten bigger since the financial crisis five years ago, and the men (yes, mostly men) in charge of them are mostly still in charge. But Larry Summers, the architect of a good chunk of the deregulation that set the stage for the crisis in the first place, had withdrawn his name from consideration to be chair of the Federal Reserve, thanks to a populist uprising within the Democratic Party.
Six years after finishing college – with a degree in molecular and cellular biology – Sydney Gray works 18 hours a week as a cashier at a New Orleans farmers' market. Other times, she volunteers there to get free food.
"I can't even get a job waiting tables," says Ms. Gray, whose two previous part-time jobs ended when the employers folded. "When I apply for jobs, I'm competing against people with master's degrees and PhDs."
Wal-Mart Stores is the country’s biggest private employer. Its low wages have incited labor protests and congressional criticism, and have created a cottage industry of public policy research.
Congress resolved the shutdown and debt ceiling crisis (for now) by agreeing to hash out a budget agreement by mid-December. Already, hopes are dim. Budget experts say that if any deal at all is worked out to replace the deep budget cuts that went into effect in March, the most likely outcome will be a short-term plan involving slightly less severe spending cuts—but with no new revenue, a big Democratic priority.
Scrooge has come early this year. We’re kicking our Tiny Tims. This holiday season, kids in America’s poorest families are going to have less to eat.
November 1 brought $5 billion in new cuts to the nation’s food stamp program, now officially known as the Supplemental Nutrition Assistance Program, or SNAP.
If a bad job market wasn’t damaging enough, the cost of paying off student loans does much more harm to the long-term prospects of young people than is commonly realized.