Friends of GEO

Day Of Typical CEO Pays More Than Year For Typical Worker

It's Our Economy - January 16, 2018 - 7:00am
Fat Tuesday is Mardi Gras, a day of revelry, gluttony, intoxication and showers of shiny plastic beads. It is the party to end all parties because it’s followed by Ash Wednesday, when Lenten sacrifices commence. Fat Cat Tuesday is the day – Jan. 2, 2018 – on which the boards of directors of America’s biggest corporations handed their CEOs more money than those same CEOs would deign to pay their workers for an entire year of labor, 260 days. It was a day of revelry, gluttony and private jets for CEOs and worthless shiny plastic beads for workers. The occasion is commemorated in Britain as well. There, though, it took CEOs three days to accrue more compensation than the total annual wages of the typical worker. That’s because American CEO pay takes the cake – and we’re not talking Mardi Gras King Cake containing a tiny plastic baby Jesus figure because no Son of God would be associated with U.S. CEOs’ sinfully gluttonous pay packages.
Categories: Friends of GEO, SE News

Oil Giants See Future In Offshore Wind Power.

It's Our Economy - January 13, 2018 - 10:00am
Transporting an offshore wind array from the factory floor to the ocean floor is no easy feat. Giant, specialized marine vessels must carry the blades and turbines—which sit atop rigs hundreds of feet tall—out miles from shore. Steel or concrete foundations are built to hold them in place, and underwater cables are laid on the seabed to transfer the power to land. One other industry has spent decades constructing and maintaining such massive energy infrastructure that can survive the storms of the open ocean: oil and gas. Now, with global demand for wind power growing, major oil and gas companies like Shell and Statoil are diversifying their portfolios by developing offshore wind, and the companies that provide services to offshore fossil fuel platforms are seeing a new market rising in their wake.
Categories: Friends of GEO, SE News

Labour Unions Protest Against Tim Hortons’ Reaction To New Minimum Wage

It's Our Economy - January 13, 2018 - 10:00am
TORONTO (CP) — Protesters rallied outside Tim Hortons locations across Ontario Wednesday to show support for employees after some franchisees made benefits and break cuts after a minimum wage increase — but many gatherers stopped short of committing to a boycott. Some, but not all, of the chain’s franchisees have said employees will have to cover a larger share of their dental and health-care benefits as well as take unpaid breaks in order to offset the added costs of the province’s hourly minimum wage rate increase to $14 an hour on Jan. 1. But labour groups who gathered outside stores in cities including Toronto, Ottawa and Coburg, Ont. Wednesday describe the company as “wildly profitable” and argue Tim Hortons and its parent company can afford to pay employees at the new rate without taking away previous perks.
Categories: Friends of GEO, SE News

Iowa Fast-Food, Hospital Workers Protest Gov. Reynolds

It's Our Economy - January 12, 2018 - 1:00pm
Gov. Reynolds and Republican state lawmakers have waged a string of attacks on workers’ unions in recent years. Last February, then-Gov. Terry Branstad signed into law a bill endorsed by then-Lt. Gov. Kim Reynolds curbing collective bargaining rights for thousands of public sector workers in the state. The law strips workers of the right to bargain over healthcare and other benefits and forces workers to recertify their union before each bargaining session. In March, Branstad signed into law a bill passed by the Republican legislature blocking all localities from raising their minimum wage, nullifying local wage increases that had been passed in Polk, Johnson, Linn and Wapello Counties.
Categories: Friends of GEO, SE News

Poll Shows Growing Public Opposition To NAFTA

It's Our Economy - January 12, 2018 - 12:00pm
An independent public opinion poll published late last year shows growing public awareness of US job loss due to imports, as well as growing public support of the view that NAFTA has been bad for the US. The poll was carried out by the University of Maryland’s School of Public Policy, surveying 2,745 Americans. The report is entitled: Globalization and Trade, A Study of American Attitudes. The researchers conducting the poll compared the results to similar polls in 2016 and in 1999. The results show a clear trend of greater awareness of the negative consequences of unfettered free trade. The pollsters asked the panel if they agreed with the statement “On balance, do you think that more jobs are lost from imports or more jobs are gained from exports?” The panel agreed strongly that more jobs were lost from imports, with a 59% majority agreeing. That’s up from 46% in 1999.
Categories: Friends of GEO, SE News

How Make Something Week brought together thousands of makers around the globe

Shareable - Commons - January 11, 2018 - 6:49pm

Greenpeace, Fashion Revolution, and Shareable joined forces last December to inspire people around the globe to join the maker movement. The inaugural #MakeSmthngWeek campaign, which ran from Dec. 2-10, featured more than 185 events in 32 countries across six continents.

Categories: Friends of GEO

Amazon Is Hurting Independent Retailers And Chains

It's Our Economy - January 10, 2018 - 9:00am
The retail industry is experiencing significant upheaval. Online shopping is expanding rapidly, many national chains have closed locations and even declared bankruptcy, and malls are going dark in record numbers. Headlines have started calling this wave of closures a “historic tipping point” for American retail. However, almost all of the media reporting about these trends has focused on national retail chains. In order to find out how changes in the retail landscape are affecting independent businesses, we decided to ask them. Working with a coalition of national small business trade associations, we conducted a survey that gathered data from over 850 independent retailers across the country in a variety of retail categories.
Categories: Friends of GEO, SE News

Seattle: Diverse Coalition Emerging Around Public Banking

It's Our Economy - January 10, 2018 - 9:00am
Activists as diverse as Black Lives Matter, local tribal members of the Standing Rock Coalition, 350.org, Democratic Socialists, and MLK County Labor council, as well as several experienced bankers, retired government officials and law school professors have coalesced along with Public Banking advocates in Seattle to pressure City Council to move forward on their newly approved $100,000 feasibility study. For those in the Seattle area, join the Seattle Public Banking Coalition here. The Seattle Public Banking Coalition is actively connecting these coalition members to communicate to City Council the urgency of moving forward with the feasibility study. They detail the gains the study would deliver including drafting of a mission statement, examining legal issues, and identifying sources of initial capital…
Categories: Friends of GEO, SE News
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