The Revolving Door Will Keep Revolving Until We Stop It

Just last year, Ben Bernanke was still serving as the head of the Federal Reserve—the most powerful central banking position in the world. Now, he’s going to work for a hedge fund. Is it possible—just possible—that we have a systemic problem? The “revolving door” between powerful governmental (or quasi-governmental, in the case of central bankers)…

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The Assistant Economy | Dissent Magazine

Single: article; “It’s like an ever-descending spiral for you…” (Michal Dzierza / Flickr) In 1975 Susan Sontag, the American intellectual famous for On Photography and Against Interpretation, was diagnosed with Stage 4 breast cancer and survived after a radical mastectomy, extensive radiation treatments, and thirty months of debilitating chemotherapy. In the aftermath she needed someone…

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This Map Of America Shows Our Equal Pay Failures

Entry Text It’s 2015, and on average, women still make 78 cents to a man’s dollar. A new report goes beyond that oft-quoted statistic, and examines this discrepancy along racial, geographical and educational lines.The American Association of University Women’s (AAUW) “The Simple Truth about the Gender Pay Gap” report breaks down the wage gap in…

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CEO sets a minimum wage of $70,000 for everyone in his company – Quartz

“Is anyone else freaking out right now?” said Dan Price, the owner of a small Seattle-based credit card processing company, to a room full of his employees after he informed them of his new salary policy. “I’m kind of freaking out.” The New York Times ran a story on April 13 about how Price, the founder and CEO of Gravity…

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Uber Co-Founder’s Startup ‘Operator’ Will Get You What You Want | TechCrunch

Begin: WordPress Article Content Send an instant message asking for something, and they’ll do the grunt work of placing your order and getting it delivered to you. That’s the idea for Uber co-founder Garret Camp‘s new startup Operator that’s still in stealth, according to sources with direct knowledge of the app.You might have heard of…

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Great News: Wage Growth In America Has Never Been Higher… For Your Boss | Zero Hedge

Several weeks ago we revealed the “The Mystery Of America’s Missing Wage Growth” in which we showed why matter how hard the Fed tries to push the S&P 500 higher (and it has certainly done an admirable job of manipulating the market to record highs), it has over the past 7 years failed to trickle…

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The slave labor behind your favorite clothing brands: Gap, H&M and more exposed – Salon.com

BANGKOK, Thailand — No one expects to find paradise inside a Cambodian sweatshop. But a new Human Rights Watch report reveals that conditions at the poor nation’s garment factories aren’t merely bad. They’re often criminally abusive. Americans have reason to cringe over the sad conditions forced on Cambodian clothing makers. The United States is the…

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Middle-Class Betrayal? Why Working Hard Is No Longer Enough in America – NBC News.com

What frustrates Hanna Newberg about her life right now isn’t just that she’s working as a waitress at a chain restaurant or renting a small apartment in western Massachusetts. The problem, Newberg says, is that she did everything she was told she was supposed to do — went to college, went to graduate school —…

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