As we await a decision from the Supreme Court in the McCutcheon v. FEC money in politics case, the Justices themselves heard from a protester who rose in the courtroom to proclaim that “money is not speech, corporations are not people” and to urge the Court to “overturn Citizens United.”
The ink is barely dry on the report from President Obama’s election administration commission and states are already disregarding its blue-ribbon recommendations, namely around early voting. The endorsement of expanding the voting period before Election Day was one of the strongest components of the bipartisan commission’s report.
Through the Procurement Act, Congress centralized management of government contracts and gave the president license to use his judgment in setting federal contracting practices.
Raising the minimum wage to $10.10 an hour would increase the price of a $16 product at Walmart, such as the typical DVD, by just a cent if all of the extra costs were passed on to consumers, according to an analysis by an economist for Bloomberg News. [...]
This week, the Federal Reserve Bank of New York offered continuing evidence of the student debt crisis. Outstanding student debt again topped $1 trillion in the fourth quarter of 2013, making it the second-largest pool of debt in the nation behind mortgages. This has tripled in just a decade, as higher-education prices increased faster than medical costs, up 500 percent since 1985.
The odds that Republican House Speaker John Boehner will allow a vote on raising the minimum wage remain as low as ever, but some large retailers are already raising the wage on their own initiative. On Wednesday, clothing chain Gap Inc. announced it would be raising its base wage from $9 to $10 per hour next year, directly benefiting as much as 72% of its hourly workforce.
Walmart currently does not support raising the federal minimum wage. However, considering the company's lackluster performance over the past few months, perhaps it's time to take a stand.
In the last four parts of this series, I have discussed the problems of our current student loan system, the potential for an income-based repayment system, and the difficulties of a graduate tax. This leaves us with another proposal: universal free undergraduate public higher education. [...]
Walmart is denying a Bloomberg report that said the nation's largest private employer is considering supporting an increase in the minimum wage.
"We are not at all considering this," Walmart spokesman David Tovar told The Huffington Post Wednesday afternoon, just after Bloomberg published the story. [...]
When Woody Harrelson's character got hired as a bartender on Cheers, he was so excited, he insisted on working for no more than the minimum wage. "I'd work like a slave," he said, "and, of course, I'd wash your car."
Most bar and restaurant workers would prefer to bring home a little more cash. They may be in luck.
Democrats are planning a yearlong campaign against economic inequality as the midterm elections approach, and President Obama will kick it off in earnest Wednesday when he signs an executive order raising the contracting standards for workers on federal contracts.
In the last year or two, something remarkable has happened in American politics. After decades in which future deficits, mostly caused by health care costs and conservative tax cuts, were invoked by those seeking to slash Social Security benefits for reasons of ideology or pecuniary interest, the national conversation has changed.
Today, President Barack Obama honored his promise from last month’s State of the Union address to raise the minimum wage for some workers indirectly employed by the federal government. In a new executive order, he raised the minimum wage from $7.25 to $10.10 an hour, effective Jan. 1, 2015. The White House estimates the order will affect hundreds of thousands of workers employed by private companies with government contracts. [...]
For hundreds of thousands of low-paid employees of federal contractors, the executive order President Obama announced in his State of the Union address will make a important difference in their incomes and lives.
When Louisiana lawmakers convened in 1898 to update the state constitution, one of the major complaints among them was that the recently ratified 15th Amendment prevented them from disenfranchising black people as they desired. The president of that convention, E.B. Kruttschnitt, proclaimed that a white majority would eventually overcome the 15th amendment’s voting rights mandate. Said Kruttschnitt:
If the road to hell is paved with good intentions, perhaps the same could be said about many of today’s 401K plans. Employers craft benefit packages with the best of intentions, yet, there’s a good chance you may be administering or participating in a retirement plan not in compliance with new Employee Retirement Income Security Act of 1974 (ERISA) regulations. Last year nearly 75% of plans audited by the Department of Labor (DOL) were either fined, received penalties or had to make reimbursements fo
As the White House prepares to launch a major economic opportunity effort, record high unemployment among black and Latino youth underscores how essential it is to create job opportunities for young people of color.
The critical issue here is that the ages of 16 to 24 are make or break years for lifelong earning potential. With one out four blacks and 1 out of 6 Latinos under the age of 25 without work, a generation of youth of color risks falling behind.
At Fox News, President Obama's push to increase the federal minimum wage for millions of American workers through legislative and executive action is merely a "symbolic" gesture.