FEATURED
The wealthiest
1% will soon own more than the rest of the world's population, according
to a study by anti-poverty charity Oxfam.
The charity's research shows that the share of the world's wealth owned by the richest 1% increased from 44% in 2009 to 48% last year.
The charity's research shows that the share of the world's wealth owned by the richest 1% increased from 44% in 2009 to 48% last year.
"Extreme inequality isn't just a moral wrong. It undermines economic growth and it threatens the private sector's bottom line.
FEATURED STATS
Global Wealth
48%: owned by richest 1% in 2014
54%: owned by richest 1% by 2020
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$1.9tn wealth of 80 top billionaires - equal to bottom 50% of rest of world
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$600bn increase in wealth for 80 top billionaires in 4 years - or 50% rise
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$750bn drop in wealth for the poorest 50% of the world in 4 years
Source: Oxfam, Credit Suisse
WHAT'S NEWS THIS WEEK
That's what a Walmart manager said to an associate and his co-workers threatening them if they try to organizing.
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The former
candidate announced he will not be running for President in 2016.
Republican Senator Rand Paul called Romney, "yesterday's news".
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If you read one
story this week, this is it. A MUST READ: A powerful Op-Ed by a New York
Times writer on how income inequality lead to the death of his
childhood friend.
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Dozens
of House Democrats are expressing deep reservations about the White
House’s trade agenda, putting themselves on a collision course with
President Obama over concerns that the deals will benefit big business
at the expense of U.S. workers.
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Marks the 10th Car Wash unit to unionize.
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10. Reporters at Politico to Organize Union
High turnover rates have pushed reporters at the popular news outlet to seek union representation.
11. Grocers Angry over Swipe-Fee Denial
The U.S. Supreme Court on Tuesday denied a petition by the Food Marketing Institute, National Association of Convenience Stores, National Retail Federation and other groups, which challenged the Federal Reserve’s rule on debit card swipe fees. |
The White House has made plans to give workers more paid time off.
To
say this year has been a rough year for McDonald's is an
understatement. Worker uprising, food questions, health concerns, all
led to lower sales and the removal of their CEO this week.
Fixing income inequality one step at a time.
Scientists say the deadly virus is mutating, making it stronger.
Thank You:
It's
often a thankless job, so we'd like to say, thank you. Your work
throughout this week has helped hundreds of thousands of New Yorkers
prepare for adverse weather. We know it wasn't easy dealing with the
pre-storm chaos, and we'd like to sincerely recognize you for helping
your communities.
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Shameless Plugs:
Union Blood Drive is coming up in March. If you're interested in donating let us know!
Union Plus Benefits: You're eligible for discounts on cell phone bills, mortgages, gyms and more! Find out here.
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