According to a new report, CEOs at the forefront of the drive to "fix the debt" by slashing Social Security and Medicare, possess personal retirement funds worth an average of $14.5 million.
Scholars at UC Berkeley recently released a study finding that low wages in the fast food industry cost taxpayers $7 billion every year.
While high profile privatizations have dominated the news in recent years, a new trend is quietly emerging -- communities taking public assets back under public control. The trend is most pronounced in the area of water resources. In communities across the country, people are deciding that water is just too precious to subject to the profit motive.
Apparently the only thing both Democrats and Republicans can agree on in Washington, DC, is that they can't deal with bad press involving Honor Flight vets.
This led to absurd images of Republicans -- who had shut down the federal government, including all monuments and museums -- rushing to "aid" veterans shut out by monument closures. In the most revolting display, Rep. Randy Neugebauer (R-TX) publicly berated a National Park Service Ranger for a situation created entirely by Congress.
"The taxpayers have been left holding the bag.... As a result of this I think there is going to be a lot more oversight." Those were statements made by Nevada Assemblyman James Ohrenschall in an interview on Vegas Inc. September 21.
In a story most in the media missed, protestors gathered under the dome at the Mississippi state capitol earlier this year to oppose a bill that would allow the state Department of Human Services (DHS) to privatize everything from child protective services to nutrition programs for the elderly.
-- by Dean Baker, Center for Economic and Policy Research
Selling Larry Summers as the successor to Ben Bernanke as chair of the Federal Reserve Board is a tough job. The basic problem is that Summers has a dismal track record to overcome, while his main competitor, Janet Yellen, the current vice-chair, has an outstanding record.
Wisconsin workers are joining the "Fight for Fifteen" -- better wages for those at the bottom of the U.S. payscale. Three cities in Wisconsin were among 58 across the United States where thousands of low-wage fast-food workers walked off their jobs to demand a living wage, safe working conditions, and the right to unionize without being penalized. The coordinated actions on August 29 constituted the largest fast food strike in U.S. history.
Today, the feisty advocates at the Restaurant Opportunities Center (ROC), an organization founded in honor of the 73 employees of the Windows on the World restaurant who died on Sept. 11th, will be paying surprise visits to restaurants across the country that are members of the National Restaurant Association, including Capital Grille, Olive Garden, and Red Lobster.