Wall Street
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Retailers Finally Addressing Income Inequality
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2 min read
As politicians in Washington and state capitals debate raising the minimum wage, a new report from the Center for American Progress gathers new evidence showing that the United States’ top retailers are deeply concerned that stagnant wage growth and middle-class weakness are holding the economy back. We have written frequently about the scourge of income equality, from…
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In tribute to American workers, over half of whom earn less than $15 per hour but deserve so much more, we are reprinting our coverage on income equality. Where the minimum wage is $15 the local economy is boosted, reason alone to join the movement to rectify income equality. See also: The Wealthy and Powerful…
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Prosecuting Wall Street
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1 min read
News of Note: 60 Minutes: Prosecuting Wall Street ” Two whistleblowers offer a rare window into the root causes of the subprime mortgage meltdown. Eileen Foster, a former senior executive at Countrywide Financial, and Richard Bowen, a former vice president at Citigroup, tell Steve Kroft the companies ignored their repeated warnings about defective, even fraudulent…