Unions and Immigrants: A Happy Alliance

   My friends at the Center for Economic Policy and Research have this new report: This report reviews the characteristics of the immigrant workforce and analyzes the impact of unionization on the pay and benefits of immigrant workers. According to the most recent available data, immigrant workers are now over 15 percent of the workforce […]

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The People V. The Banks

The lines are clear: it’s the people versus the banks and Wall Street. While both the House and Senate bills do not go far enough and have already been, in my view, watered down, there is one issue that we can still fight hard on–and have the back of the president: an independent Consumer Financial […]

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NOW President on Health Care Bill

   A strong statement: Health Care Reform Victory Comes with Tragic Setback for Women’s Rights Statement of NOW President Terry O’Neill March 21, 2010 As a longtime proponent of health care reform, I truly wish that the National Organization for Women could join in celebrating the historic passage of the Patient Protection and Affordable Care […]

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A King’s Ransom Is Enough–Perhaps

   Is anybody shocked by this?: For months, Wall Street banks and the troubled automakers feverishly protested that their top executives would flee if they were not lavishly rewarded for their talents. New data, however, suggests the departures were more of a trickle than a flood. Of the 104 senior executives whose pay was set […]

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Health Care Reform: Deep Twitter Thoughts on The Health Care Vote

* John Boehner looks like a naughty frat boy showing off in front of "bro’s" when he shouts "Hell’s no" * Less than ten votes btwn civilization & Nazi Communist Black Panther Muslim Socialist government takeover! * "No You Can’t" should be GOP slogan * "It is the responsibility of this house 2 defend these […]

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An Avalanche To Bury Financial Reform

   There are roughly 400 amendments being proposed to the financial reform legislation proposed by Sen. Chris Dodd. I’ve written previously that I think that the legislation is, at best, a modest step forward. Many of the amendments are aimed at weakening reform and are being pushed by the financial inustry’s lobbying machine.     One […]

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What’s The Matter With Democrats?

   My colleague David Sirota writes in his column about Democrats: First, their leaders campaign on pledges to create a government insurer (a "public option") that will compete with private health corporations. Once elected, though, Democrats propose simply subsidizing those corporations, which are (not coincidentally) filling Democratic coffers. Justifying the reversal, Democrats claim the subsidies […]

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Should This Regulator Be Fired?

   This was in the Financial Times today: A US bank regulator joined financial executives on Wednesday in calling for changes to consumer protection rules proposed by Chris Dodd, the chairman of the Senate banking committee. “In every case consumer protection has the edge and will trump safety and soundness and I think that is […]

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The Sliver of Light In The Senate Bill

   The healthcare bill is a mess–it won’t cover all Americans at affordable costs and it will hand insurance companies tens of billions of dollars in new profits, the hard-earned wages of working people who are already stressed out financially.    The only ray of light down the road to fix this, if you just […]

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The Coming Deep Cuts In Wages

   There is a lot of talking about the coming debt burden on companies: Maybe they should have, because 2012 also is the beginning of a three-year period in which more than $700 billion in risky, high-yield corporate debt begins to come due, an extraordinary surge that some analysts fear could overload the debt markets. […]

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