Archive for the ‘WALL STREET’ Category

Jun
2016
2

Emails Between US Trade Rep. Froman and Wall Street Bankers Reveal New Degree of TPP Collusion

Emails Between US Trade Rep. Froman and Wall Street Bankers Reveal New Degree of TPP Collusion
  A series of emails obtained through a Freedom of Information Act (FOIA) request show that there was collusion between big banks and the Obama administration in which Wall Street executives pushed hard for U.S. Trade Representative Michael Froman to pass the Trans-Pacific Partnership.  The emails were obtained by the group Rootstrikers,...
Jan
2016
19

Duh Blasio: Mayor’s Anti-Wage Stance Leads to Suspension of Affordable Housing Construction

Duh Blasio: Mayor's Anti-Wage Stance Leads to Suspension of Affordable Housing Construction
  With no deal able to be reached between construction unions and the Real Estate Board of New York (REBNY), the controversial 421-a tax abatement program expired at midnight on Friday.  While a bill was passed to extend the program for a four-year period in June, it was dependent on the two groups reaching a [&hellip...
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Oct
2015
8

Trans-Pacific Partnership Complete. Nations Hold Breath. Clinton Speaks Out.

Trans-Pacific Partnership Complete. Nations Hold Breath. Clinton Speaks Out.
  After years of secret negotiations, the Trans-Pacific Partnership is complete and now awaits months of intense scrutiny before being voted on by Congress.  Negotiators of the controversial “free trade” agreement between the United States, Japan, and 10 other pacific rim nations reached a final agreement in Atlanta on Monday.  Given...
Sep
2015
25

Portage, IN Becomes First City to Pass Measure Countering Repeal of Common Construction Wage

Portage, IN Becomes First City to Pass Measure Countering Repeal of Common Construction Wage
  On Wednesday, the Portage School Board unanimously voted to approve a responsible bidding policy for work on school construction projects.  The move follows Portage Mayor James Snyder’s proposal of a similar ordinance citywide, which was passed by council.  The ordinances are considered necessary following the state legislature’s...
Sep
2015
14

Teamsters Call on UPS to Cut Ties With ALEC

Teamsters Call on UPS to Cut Ties With ALEC
  The Teamsters have joined a coalition of 84 investor, public interest, and civil rights groups in an attempt to persuade UPS to cut ties with the American Legislative Exchange Council (ALEC).  The so-called think tank has become widely known as a corporate bill mill that pushes a specific agenda throughout the country’s state...
Jul
2015
14

CEOverreach: Big Boss Pay Is up 997% Since ’78 While Workers Only Gained 10.9%

CEOverreach: Big Boss Pay Is up 997% Since '78 While Workers Only Gained 10.9%
  A shocking new number from the Economic Policy Institute helps explain the stifling income inequality in the United States.  Between 1978 and 2014, inflation-adjusted CEO pay has risen from $1.5 million to $16.3 million, an unfathomable of 997 percent.  Over that same time period, the average private-sector production and non-supervisory...
Jul
2015
10

Former Member Says Corporations, Lawmakers Vote Side-by-Side on Laws at ALEC Retreats

Former Member Says Corporations, Lawmakers Vote Side-by-Side on Laws at ALEC Retreats
  When the American Legislative Exchange Council (ALEC) recently met at a resort hotel in Savannah, Geogia, investigative reporters from NBC 11Alive decided to find out what was really going on. They reserved hotel rooms at the resort and attempted to speak to lobbyists and legislators. The resulting news report is almost Daily Show-esque in...
Jul
2015
1

Boeing CEO Taking $3.9M Annual Pension for 15 Years After Workers Were Forced Into 401Ks

Boeing CEO Taking $3.9M Annual Pension for 15 Years After Workers Were Forced Into 401Ks
  Boeing’s most recent Securities and Exchange Commission filing has revealed that CEO Jim McNerney will be paid $3.9 million a year in pension benefits for each of the next 15 years.  This revelation follows the announcement that he will retire on July 1st but will remain as chairman until February of 2016. The news [&hellip...
Jun
2015
24

BLS Figures Paint Bleak Picture of IL Economy, Refute Gov. Rauner Claims of Union-Driven Ills

BLS Figures Paint Bleak Picture of IL Economy, Refute Gov. Rauner Claims of Union-Driven Ills
  Illinois Governor Bruce Rauner has blamed almost all of the state’s economic woes on unions and pensions, but a look at the numbers shows the real problem may be the small group of workers he is trying to protect.  Creating “Right-to-Work” zones and making drastic changes to the state pension system are cornerstones of [&hellip...
Jun
2015
19

Goldman Sachs Limits Interns to 17-Hour Workday, Impressing Absolutely No One

Goldman Sachs Limits Interns to 17-Hour Workday, Impressing Absolutely No One
  Goldman Sachs has told its 2,900 interns to take it easy this summer by limiting themselves to a 17-hour day. Yes, folks, you read that right. Working twice as many hours as a normal person is Goldman Sachs’ idea of not overdoing it.  The announcement of the policy “shift” comes two weeks after The [&hellip...
Apr
2015
29

Maine Bill Would Tie Big Business Tax Credits to (Prevailing) Wage Standards

Maine Bill Would Tie Big Business Tax Credits to (Prevailing) Wage Standards
A bill proposed by Maine State Sen. Chris Johnson would ensure that companies receiving tax breaks create decent paying jobs and are held accountable for their actions.  Maine LD 1287 was written following the Great Northern Paper Mill debacle, wherein the company received $16 million in tax credits and then closed its doors without repercussion....
Mar
2015
23

Surprised? Two-Thirds of Federal Subsidies Since 2000 Have Gone to Large Corporations

Surprised? Two-Thirds of Federal Subsidies Since 2000 Have Gone to Large Corporations
  A new report shows that two-thirds of the $68 billion in business grants and special tax credits awarded by the federal government over the past 15 years have gone to large corporations.  In that same 15-year period, hundreds of billions of dollars in loans, loan guarantees, and bailout assistance have been given to the [&hellip...