Monday, August 5, 2013

Today's Teamster News 08.05.14

The Payday Playbook: How High Cost Lenders Fight to Stay Legal  ProPublica   ...Outrage over payday loans, which trap millions of Americans in debt and are the best-known type of high-cost loans, has led to dozens of state laws aimed at stamping out abuses. But the industry has proved extremely resilient. In at least 39 states, lenders offering payday or other loans still charge annual rates of 100 percent or more. Sometimes, rates exceed 1,000 percent...
Members of Congress denied access to basic information about NSA  The Guardian   ...Members of Congress have been repeatedly thwarted when attempting to learn basic information about the National Security Agency (NSA) and the secret FISA court which authorizes its activities, documents provided by two House members demonstrate...
Why Do the People Raising Our Children Earn Poverty Wages?  The Nation   ...Childcare workers perform that most vital labor, rearing our young. But across the country, they are invisible and poorly paid, without healthcare, unemployment insurance, workers’ compensation or other benefits...
Higher Wages Don't Destroy Fast Food  Next New Deal   ...high wages can lead to more prosperous companies, and those companies aren't getting the bad press about wage-related strikes...
Has the Rise of Online Shopping Made Traffic Worse?  The Atlantic   ...all those Amazon deliveries could just as easily be increasing congestion by putting more UPS trucks on the road, while at the same time freeing you up to travel for other reasons...
Top Fed economist slams 'incoherent' ECB  The Telegraph   ...The US Federal Reserve has launched a blistering attack on the European Central Bank, calling for quantitative easing across the board to lift the eurozone fully out of its slump...
Will Medical Trade Be Included in the EU Trade Deal and the TPP? If Not, Why Not?  CEPR   ... our hospitals, doctors, and medical equipment makers benefit from tariffs on the order of 500 percent or more. If the Obama administration really is interesting in promoting growth through trade it would be difficult to imagine a sector with larger potential gains than trade in medical care...
Detroit workers fear city’s bankruptcy could wipe out their pensions  Agence France-Press   ...their city-run plan is the only thing keeping them out of food banks or even homeless shelters...
After Detroit bankruptcy, Brits and bankers target Chicago  Examiner   ...Wall Street bankers are maneuvering to loot municipal pension funds across the country...
Boston Globe newspaper sells for fraction of buying price  BBC News   ...The New York Times company bought it for $1.1bn (£700m) in 1993 but has now agreed to sell it for $70m...
'Moral Monday' protests heading to Asheville  WRAL   ...With the North Carolina General Assembly finished for the year, protesters are bringing their Moral Monday demonstrations on the road...
Break given to Christel House could have spared two IPS schools from state takeover  Indianapolis Star   ...Two Indianapolis Public Schools might never have been taken over by the state if then-Superintendent of Public Instruction Tony Bennett had offered the district the same flexibility he granted a year later to the Christel House Academy charter school...