Archive: Wall Street

• KI Luncheon Shines Spotlight on Workers’ Retirement Security

  On Tuesday, July 18, the Kalmanovitz Initiative hosted a luncheon discussion on a fundamental challenge facing working people in America: retirement security. More specifically, the event focused on the enormous fees paid to Wall Street fund managers who invest workers’ pensions in risky alternative assets such as private equity and hedge funds.

  Categories: Bargaining for the Common Good, Events Tags: American Federation of Teachers, Center on Economic and Policy Research, Center on Race and the Economy, Eileen Appelbaum, Elizabeth Parisian, Events, Hedge Funds, Joseph McCartin, Maurice Weeks, Pension Funds, Private Equity, Randi Weingarten, Retirement Security, Wall Street

• WCP: Profiting from the Working Class: How the Opioid Epidemic Echoes the Mortgage Crisis

  In this week’s Working-Class Perspective, Marc Dann and Leo Jennings III draw frightening parallels between the opioid epidemic and the subprime mortgage crisis. They call on the Department of Justice to do what it failed to do in 2009: prosecute Wall Street executives whose greed devastate working-class Americans.

  Category: Visiting Scholars Tags: Big Pharma, Department of Justice, Financial Crisis, John Russo, Leo Jennings III, Marc Dann, Mortgage Crisis, Opioid Crisis, Sherry Linkon, Wall Street, WCP, Working-Class Perspectives

• WCP: Predatory Lenders Making American Nightmares From American Dreams

  As if losing their homes during the foreclosure crisis was not cruel enough, working-class families are now being lured by predatory lenders into deceptive rent-to-own contracts. As Wade Rathke expl

  Category: Visiting Scholars Tags: Affordable Housing, Akron, Foreclosure Crisis, Foreclosures, Great Recession, John Russo, Philadelphia, Rent-to-Own Contracts, Sherry Linkon, Wade Rathke, Wall Street, WCP, Working-Class Perspectives

• WCP: The Foreclosure Crisis: At the Movies

  The Big Short is a fantastic film that brilliantly depicts the greed and recklessness on Wall Street that led to the Great Recession. Yet as former Ohio Attorney General Marc Dann reminds us in this

  Category: Visiting Scholars Tags: 99 Homes, Economic Policy Institute, Financial Crisis, Great Recession, Homeowners, Housing, John Russo, Marc Dann, Sherry Linkon, the Big Short, Wall Street, WCP, Working-Class Perspectives

• OVERTIME: Labor Stories of the Week (Jan 22, 2016)

  Will the snowstorm keep you hunkered down all weekend? Catch up on some vital labor stories from the week. Silencing students who speak out for workers. Four Loyola University Chicago students face

  Category: In the News Tags: Aramark, Child labor, Department of Labor, Interest rate swaps, Jesuit Values, Joseph A. McCartin, Loyola University Chicago, NLRB, Overtime, Public Education, Sexual violence, Teachers, the Big Short, Wall Street

• OVERTIME: Labor Stories of the Week (Jan 8, 2016)

  Were you too busy catching up on work to keep up with happenings in the labor world? Fret not, we've gathered the best stories for you here. Don't miss the two gems at the end. Party like it's 1

  Category: In the News Tags: Friedrichs, Harold Meyerson, John Russo, Killer Mike, NLRB, Overtime, Pope Francis, Richard Trumka, UFCW, Wall Street, Working Families Party

• What you missed in the world of worker justice over the holidays

  Did you go off the grid for the holidays to spend valuable time with loved ones? Did you neglect your email inbox and Twitter account in favor of baked goods, gift exchanges, and the new Star War

  Category: In the News Tags: Christmas, Daily News, Friedrichs, Harold Meyerson, Holidays, Living Wage, Minimum Wage, NLRB, Wall Street