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Students React To The Closure Of A Giant For-Profit College
By John O’Connor and Kirk Carapezza After a long reign as the fastest-growing and most problematic sector in higher education, for-profit colleges are on the ropes. This week the it will review how federal student aid is administered at one … Continue reading
Report: US income inequality among worst in the world
By Emily Lodish Oxfam’s new report, “Working for the Few,” is getting a lot of attention — mostly because of the newsworthy tidbit that the combined wealth of the world’s richest 85 people $110 trillion is equivalent to that of the … Continue reading
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Tagged business, economy, income inequality, United States
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People Who Work For Tips Are Twice As Likely To Live In Poverty
By Bryce Covert People who work for tips are far more likely to live in poverty, according to a new report from the Economic Policy Institute EPI. The poverty rate for workers who don’t make tips is 6.5 percent, but … Continue reading
Posted in News from the Soul Brother
Tagged business, Economic Policy Institute, Living wage, money, poverty, Snap, tips, wages, WIC, Working poor
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The Preordained: Why LeBron James Was Always Coming Back to Cleveland
By Dave Zirin In 2013, I predicted that LeBron James would shock the world and return to the Cleveland Cavaliers. Many, “insiders” with pipelines into executive suites and owners’ boxes said there was no way this would happen. The consensus was … Continue reading
Posted in News from the Soul Brother
Tagged basketball, business, Cleveland Cavaliers, Dan Gilbert, free agent, LeBron James, Miami Heat, NBA, sports
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SoftBank Said to Enter Direct Talks on Sprint-T-Mobile Deal
By Alex Sherman and Aaron Kirchfeld SoftBank Corp., which is seeking to combine its Sprint Corp. (S) unit with T-Mobile US Inc., has entered direct talks with T-Mobile’s owner Deutsche Telekom AG (DTE) to resolve obstacles to a potential deal, … Continue reading
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Tagged business, Deutsche Telekom, Masayoshi Son, Softbank, Sprint, T-Mobile USA, technology, wireless
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7 Drugs Whose Dangerous Risks Emerged Only After Big Pharma Made Its Money
By Martha Rosenberg Have you ever noticed how warnings about dangerous prescription drugs always seem to surface after the drug is no longer marketed and its patent has run out? Whether it’s an FDA advisory or a trial lawyer solicitation about … Continue reading
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Tagged Big Pharma, business, corporations, FDA, health, medicine, pharmaceuticals
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Elizabeth Warren’s New Bill Could Save Taxpayers Billions
By Erika Eichelberger Last week, Sen. Elizabeth Warren (D-Mass.) introduced a bill with Sen. Tom Coburn (R-Okla.) that aims to make government settlements with corporations more transparent and fair. It could end up saving taxpayers billions of dollars. When banks … Continue reading
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Tagged business, congress, corporations, economy, Elizabet Warren, taxes
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Pot sales exceed $1 million on first day
By Blair Shiff Pot shops did record sales compared to the “medical marijuana days” on Wednesday when recreational marijuana opened. Pot shop owners across Colorado believe they collectively made more than $1 million statewide. Supporters, critics and other states are … Continue reading
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Tagged business, Cannabis, Colorado, economy, health, legalized marijuana, marijuana, money
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I started buying the signs that the homeless use to beg. Here’s what happened
By Andres Serrano Sign of the Times was conceived in early October when I started to see what I perceived as a greater number of homeless people in New York City. As a native New Yorker, it surprised me because … Continue reading
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Tagged Battery Park, business, Harlem, homelessness, New York City, poverty
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Income Inequality Is Hurting The Economy, 3 Dozen Economists Say
By Christopher S. Rugaber The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. So says a majority of more than three dozen economists surveyed last week by The Associated … Continue reading
Posted in News from the Soul Brother
Tagged business, Economic Inequality, economy, income inequality, middle class, poor, rich, United States, wages, wealthy
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