The Jobs Crisis Nieman Reports ...even with the most optimistic assumptions about economic growth, current trends indicate that the average American’s wages will drop about 20 percent. One big factor is that more and more good jobs will go overseas, leaving even America’s best and brightest no alternative but to enter the service industry...
Principal reduction: A lifeline for underwater homeowners (opinion) The Hill ...it’s important for federal policy makers to continue to pursue foreclosure mitigation efforts including reducing the outstanding principal on homes for borrowers whose mortgages greatly exceeds the value of their homes...
Greed and Debt: The True Story of Mitt Romney and Bain Capital Rolling Stone ...How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill...
"Fuck You, Tyrants!": Ron Paul Supporters Rebel on Convention Floor Mother Jones ..."They're cheating. The Republican National Committee is not transparent and does not have integrity. They stole votes."..
Indianapolis Symphony Orchestra asks musicians' union for deep cuts and concessions Indianapolis Star ...According to committee chairman Rick Graef, a horn player with the ISO for the past two decades, management wants to reduce the number of musicians under contract from 87 to 63, cut wages by 45 percent, reduce the schedule from 52 to 36 weeks and revisit the terms of the musicians’ pension...
Tacoma: Council executes new contract with Teamsters Local 117, calling for pay raises amid grim budget forecast The News Tribune ...Tacoma’s City Council unanimously executed a new contract for 239 city employees across various departments today — an agreement that will cost the city about $125,000 more per year in pay raises covered by the next general fund budget...
