From WaPo: As New York Times labor writer Steve Greenhouse has noted, until 1975, “wages nearly always accounted for more than 50 percent of our nation’s GDP.” But in 2012 they fell to a record low of 43.5 percent. Those who make the economic engine run are receiving less of…
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From The Express Tribune: International Labour Day is observed throughout the world on May 1 to commemorate the martyrs of the US city of Chicago who laid down their lives in May 1886, while demanding an eight-hour working day. The day has since been observed regularly by industrial workers and…
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Visit NBCNews.com for breaking news, world news, and news about the economy From The Nation: On Black Friday, hundreds of Walmart workers protested the superstore’s unfair labor practices and “Always Low Wages” policy. While Walmart’s bottom-line business model has made the Walton family billions, their employees in California were 40…
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From DemocracyNow: We turn now to a major new exposé on the cover of The Nation magazine called “Mitt Romney’s Bailout Bonanza: How He Made Millions from the Rescue of Detroit.” Investigative reporter Greg Palast reveals how Republican presidential nominee Mitt Romney made some $15 million on the auto bailout…
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From HuffPo: The disparity, with Republicans spending $41.7 million and Democrats spending $23.5 million, illustrates a strategic gamble on behalf of the GOP presidential nominee to bury President Barack Obama and burn past him during the closing weeks of the campaign. “Patience is a virtue,” one Republican source said of…
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From Democracy Now: The Supreme Court opens its 2012-2013 term [yesterday] with a landmark case to decide whether survivors of human rights violations in foreign countries can bring lawsuits against corporations in U.S. courts. The case centers on a lawsuit that accuses the oil giant Shell’s parent company, Royal Dutch…
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From ThinkProgress: It turns out that 96 percent of Americans have used government assistance at one point or another in their lives, ranging from Social Security to grant programs. In a New York Times op-ed Monday, Professors Suzanne Mettler and John Sides point out that a vast majority of Americans…
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