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Big Pay Gaps Are Bad for Business

May 26, 2018 - 2:00pm

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Mattel is one of the largest toy-making companies on earth. Turns out it's one of the biggest manufacturers of income inequality, too.
Last year, the Barbie doll manufacturer paid its CEO nearly 5,000 times as much as its median worker.

"We Are Lurching Toward Plutocracy": Rep. Ellison on Rollback of Key Dodd-Frank Banking Regulations

May 23, 2018 - 2:00pm

In a rare bipartisan effort Tuesday, House lawmakers voted 258 to 159 to exempt banks with less than $250 billion in assets from many of the 2010 Dodd-Frank Act regulations, even though banks' profits are soaring. The Dodd-Frank Act was passed after the 2008 economic crisis, which was provoked by years of risky lending by Wall Street banks. Thirty-three Democrats joined their Republican counterparts in voting for the financial regulation rollback, which, if signed into law, would leave less than 10 banks in the US subject to stricter federal oversight.

Republican Proposal Would Rescind Funds That Make Public Housing Safe for Residents

May 19, 2018 - 2:00pm
Republican Proposal Would Rescind Funds That Make Public Housing Safe for Residents

The Henry Rutgers Houses, a public housing development built and maintained by the New York City Housing Authority (NYCHA), stand in in the Lower East Side of Manhattan, April 26, 2018 in New York City. (Photo: Drew Angerer / Getty Images)
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Laid-Off Workers Demand Severance Pay From Equity Firms Behind Toys "R" Us Bankruptcy

May 16, 2018 - 2:00pm
Laid-Off Workers Demand Severance Pay From Equity Firms Behind Toys "R" Us Bankruptcy

After assuring employees that Toys "R" Us is on a sound footing, the private equity firms behind the company's leveraged buyout filed for bankruptcy, costing 33,000 retail employees their livelihoods. Now those employees are demanding severance pay from the equity firms.Customers leave a Toys 'R' Us store in Los Angeles, California on March 23, 2018. (Photo: Mark Ralston / AFP / Getty Images)

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