Archive for the ‘WALL STREET’ Category

Jul
2012
2

NY AG Schneiderman, IRS Investigating Chamber of Commerce, Other Dark Money Groups for Abuse of Tax-Exempt Status

NY AG Schneiderman, IRS Investigating Chamber of Commerce, Other Dark Money Groups for Abuse of Tax-Exempt Status
New York Attorney General Eric Schneiderman is currently investigating New York philanthropy goliath The Starr Foundation, headed by former AIG chief Hank Greenberg, and the legalities of their $18 million loan to the “charitable” arm of the U.S. Chamber of Commerce beginning in 2003. The Starr Foundation, which holds $1.3 billion,…
Jun
2012
29

WALLACH: Trans-Pacific Partnership is “NAFTA on Steroids”

WALLACH: Trans-Pacific Partnership is
Progressive press coverage of the looming Trans-Pacific Partnership (TPP) — a “trade agreement” being discussed between the U.S. and nine other countries (Australia, Brunei, Malaysia, Peru, Japan, Vietnam, Chile, New Zealand and Singapore) — has focused thus far on the secrecy of the talks between nations. But since a…
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Jun
2012
27

‘NUFF SAID: Wages are at an All-Time Low. Profits are at an All-Time High.

'NUFF SAID: Wages are at an All-Time Low.  Profits are at an All-Time High.
Hey, the economy is the “pivotal” issue in the 2012 election, right!? We’re in a real “make or break moment” for the United States, aren’t we!? It’s “now or never,” don’t ya think!? So there couldn’t be a better time for two charts from Business Insider that show exactly…
Jun
2012
25

Iceland Has Jailed Bankers. Why Can’t We?

Iceland Has Jailed Bankers.  Why Can't We?
The people of Iceland are currently doing what Americans can only dream of, dismantling a corrupt political system and arresting the bankers who caused the country’s financial collapse in 2008. They have rewritten their constitution so such abuses of power and trust will (hopefully) never be allowed again. The process of changing their…
Jun
2012
22

The Solutionless Citizens United States

The Solutionless Citizens United States
In the Citizens United States of America, Mr. Smith will never be able to get to Washington again unless he decides to play crony to big money. The problems that face our reprivate (the opposite of a republic…) — polarizing verbal attacks, inability to accomplish simple legislative tasks, limitless advertising disinformation — share…
Jun
2012
13

Disclosure of Campaign Finances Should Apply “to Everyone Mobilizing and Spending Significant Amounts in An Election.”

Disclosure of Campaign Finances Should Apply
Progressive writer Lee Fang recently looked into bias in the disclosure of campaign finances and how it allows big business to obscure the large influence it has on the campaign process. Citizens United opened the floodgates for corporations and corporate-backed non-profits with the legal means to disguise the amount and identity of their spending…
Jun
2012
6

Verizon Laying Off 1,700 Despite Record Profits. IBEW Members Affected.

Verizon Laying Off 1,700 Despite Record Profits. IBEW Members Affected.
Despite record profits and executives who have raked in $350 million in the past five years, Verizon has announced layoffs of more than 600 workers in New England and New Jersey. This is part of a plan to reduce its workforce by 1 percent or 1,700 people through buyouts and layoffs. Affected members of the …
Jun
2012
5

Sotheby’s Lockout of Teamsters 814 Comes to an End as New Contract is Ratified

Sotheby's Lockout of Teamsters 814 Comes to an End as New Contract is Ratified
42 art handlers who had been locked out by Sotheby’s will return to work as the auction house and Teamsters Local 814 came to an agreement last week. From Crains New York: The three-year deal, reached in the last week, boosts wages 1% in each year, lifts the starting salary to $18.50 an hour, and …
Jun
2012
4

CitiGroup Whistle-Blower Files Suit, Wins $31 Million Settlement

CitiGroup Whistle-Blower Files Suit, Wins $31 Million Settlement
The mortgage crisis has produced more than its fair share of villains, but along the way a few brave people have stood up to the wrongdoing and become heroes to those most affected by Big Bank indiscretions. One of those heroes is Sherry Hunt, an all-American girl who rose up the ladder of the mortgage …
Jun
2012
1

Machinists Union Rejects Latest Concession-Packed Offer From Caterpillar

Machinists Union Rejects Latest Concession-Packed Offer From Caterpillar
It’s been a tumultuous six months for Caterpillar employees who have been wrestling with the company’s disinterest in good faith bargaining in North America. The company, which cemented its place in the uber-corporate pantheon by dodging $2 billion of U.S. taxes last year, kicked off 2012 by locking out Canadian workers and demanding a…
May
2012
31

Wal-Mart Ends Financial Support for ALEC!

Wal-Mart Ends Financial Support for ALEC!
Word has just arrive that corporate behemoth Wal-Mart has ended financial support for the American Legislative Exchange Council (ALEC). This comes as welcome news to progressives and other people who care about Democracy as it represents perhaps the most symbolic corporate departure from the unscrupulous group to date. Sure, other massive…
May
2012
30

Despite 500,000 U.S. Call Center Job Losses Since 2008, Bank of America Is Hiring in The Philippines

Despite 500,000 U.S. Call Center Job Losses Since 2008, Bank of America Is Hiring in The Philippines
Three years after receiving a $45 billion bailout from the U.S. Government — and just months after it announced it would lay off 30,000 workers — Bank of America has decided to go on a hiring spree…in the Philippines. BoA now joins JP Morgan Chase, CitiGroup, and Wells Fargo as a company housing its call …