You are here

Business

Congress: Hold Equifax Accountable

http://evergreenedigest.org/sites/default/files/Banner%20Corporate%20Accountability_1.jpg

  • Equifax failed to protect 143 million of its customers' social security numbers and other personal data from a cyberattack. Now, they’re offering customers “free” identity theft protection if and only if they sign away their right to sue the company! Tell Congress to hold them accountable.
  • http://movetoamend.org/sites/default/files/sign-btn.png There are currently 15,380 signatures. NEW goal - We need 20,000 signatures! <>
  • To be delivered to The United States House of Representatives and The United States Senate

MoveOn.org Petitions / Americans for Financial Reform

Submitted by Evergreene Digest Contributing Editor Jim Fuller.

http://evergreenedigest.org/sites/default/files/Twitter%20Logo%20%28125%29.jpg Now you can follow Evergreene Digest on Twitter <>.

 


Friday, September 8, 2017 | Petition Background

Credit-reporting giant Equifax has just disclosed that in the summer of 2017, hackers gained access to the personal information of 143 million of its consumers. The hackers obtains access to names, Social Security numbers, birth dates, addresses and, in some cases, even credit cards.

http://evergreenedigest.org/sites/default/files/Tycoon%20Raiding%20Safe.jpgBut the behavior of Equifax in the wake of the cyberattack has been horrifying. Three Equifax Managers sold their stock in the company before the cyber attack was revealed, raising questions about potential insider trading. Worse still, the company offered "free" identity theft protection for those impacted, but only if the consumer waived their right to sue Equifax in a class action lawsuit! Buried in the terms of service for Equifax's TrustedID Premier is a ripoff clause that blocks consumers from joining together in class action lawsuits against the company. It is despicable that Equifax would exploit consumers' need for identity theft protection to avoid accountability for this devastating breach.

But perhaps most despicable of all, at this very moment, U.S. Senators are weighing legislation to take away our right to hold companies like Equifax accountable in court (S.J.Res.47), and the House of Representatives is considering legislation to make life easier for credit-reporting agencies that screw up (H.R. 2359). This cannot stand. Repealing crucial consumer protections as new financial scandals break every week would send a clear signal to bad actors like Equifax that they can continue to plunder consumers for profit. We call on Congress to IMMEDIATELY withdraw both S.J. Res 47 and H.R. 2359, and to hold hearings to investigate Equifax's response to this cyberattack.

Sources:

https://www.bloomberg.com/news/articles/2017-09-07/three-equifax-executives-sold-stock-before-revealing-cyber-hack

http://www.consumeradvocates.org/media/press-release/georgia-congressman-must-withdraw-his-equifax-friendly-bill

http://www.fairarbitrationnow.org/wp-content/uploads/Fact-Sheet-CFPB-Arb-Rule.pdf

MoveOn.org Civic Action is a 501(c)(4) organization which primarily focuses on nonpartisan education and advocacy on important national issues. MoveOn.org Political Action is a federal political committee which primarily helps members elect candidates who reflect our values through a variety of activities aimed at influencing the outcome of the next election. MoveOn.org Political Action and MoveOn.org Civic Action are separate organizations.

Americans for Financial Reform is a progressive nonprofit organization which advocates for financial reform in the United States, including stricter regulation of Wall Street. AFR is a coalition of approximately 200 consumer, labor and special interest groups.

http://movetoamend.org/sites/default/files/sign-btn.png Full story … 

http://evergreenedigest.org/sites/default/files/Attention%20banner.jpg

 

Help grow the movement! Share this story with your friends.

 

 

 

Report: Corporate Tax Cuts Boost CEO Pay, Not Jobs

https://inequality.org/wp-content/uploads/2017/08/CorpsPayUp-Graphic-2-2.png

  • The 24th annual Institute for Policy Studies ‘Executive Excess’ report offers a first-ever look at the jobs record of U.S. firms that pay taxes near the rates the Trump White House favors.
  • Related: Foxconn Comes to Wisconsin: A Bad Deal for Workers and the Environment

Sarah Anderson and Sam Pizzigati, inequality.org

http://www.yesmagazine.org/issues/9-strategies-to-end-corporate-rule/images/Stencil.jpg/image_large August 30, 2017 | House Speaker Paul Ryan is proposing to cut the statutory federal corporate tax rate from 35 to 20 percent. President Trump wants to slash the rate even further, to just 15 percent. Their core argument? Lowering the tax burden will lead to more and better jobs.

To investigate this claim, we set out to analyze the job-creating performance of the 92 publicly held American corporations that reported a U.S. profit every year from 2008 through 2015 and paid less than 20 percent of these earnings in federal corporate income tax.

Sarah Anderson and Sam Pizzigati: Sarah Anderson directs the Global Economy Project and co-edits Inequality.org at the Institute for Policy Studies. Sam Pizzigati, an IPS associate fellow, also co-edits Inequality.org.

Related:

http://evergreenedigest.org/sites/default/files/We%20Haven%27t%20Put%20Up%20a%20Paywall_0.jpg

Foxconn Comes to Wisconsin: A Bad Deal for Workers and the Environment, Willis and Jacob Druker, Socialist Alternative

In exchange for $3 billion from the state government, electronics giant Foxconn will build a massive factory in Wisconsin. What’s good for big business is good for the rest of us. Right?
http://everydayfeminism.com/wp-content/uploads/2015/06/PlsShareArrow5.png

Foxconn Comes to Wisconsin: A Bad Deal for Workers and the Environment

http://evergreenedigest.org/sites/default/files/Foxconn%20Comes%20to%20WI.jpg

In exchange for $3 billion from the state government, electronics giant Foxconn will build a massive factory in Wisconsin. What’s good for big business is good for the rest of us. Right?

Willis and Jacob Druker, Socialist Alternative <>

Submitted by Evergreene Digest Contributing Editor John Stoltenberg 

http://evergreenedigest.org/sites/default/files/Reader%20Supported%20News%20donate%20graphic_0.jpgIf you like reading this article, consider joining the crew of all reader-supported Evergreene Digest by contributing the equivalent of a cafe latte a month--using the donation button in the above right-hand corner—so we can bring you more just like it.

http://evergreenedigest.org/sites/default/files/Labor%20Getting%20Its%20Fair%20Share%20of%20the%20Pie.jpgAugust 23, 2017 | Given who’s promoting the Foxconn deal, workers have a good reason to be skeptical. The plan, if fulfilled, would be seen as a political victory for President Trump as well as Wisconsin’s right-wing Governor Scott Walker, both of whom campaigned on boosting American manufacturing. Walker has spent his seven years as governor attacking workers’ rights and living standards. Meanwhile, Foxconn, the multinational corporation known for manufacturing the iPhone, is even better known for the high rate of worker suicide in its Chinese factories. Despite the populist rhetoric behind the Foxconn deal, it’s more about corporate welfare than anything that would benefit WIsconsin workers.

Foxconn’s recently announced plan entails building a 1,000 acre facility in southeastern Wisconsin. The facility, which would be located in either Racine or Kenosha counties, would cost $10 billion, and would open in 2020. It would immediately employ 3,000 people and could grow to 13,000. It would produce LCD screens, used in smartphones and flat-screen TVs. Foxconn is also reportedly considering building a secondary facility near Madison.

Willis and Jacob Druker, Socialist Alternative: a national organization fighting in our workplaces, communities, and campuses against the exploitation and injustices people face every day. We spearheaded the campaign to elect Kshama Sawant to Seattle City Council in 2013, the first independent socialist elected in a major U.S. city in decades.

Full story … 

Section(s): 

Strengthening Corporate Power: Our Elites Have Learned Nothing

http://evergreenedigest.org/sites/default/files/Banner%20Corporate%20Accountability_1.jpg

  • Part 1: Strengthening Corporate Power–New NAFTA Worse Than the TPP
  • Health and environmental laws will still be “barriers to investment”.
  • Part 2: Ten Years After Financial Crisis, Our Elites Have Learned Nothing
  • The economic disaster that cost millions of people their jobs and/or their homes, and forced tens of millions to accept lower wages, was 100 percent avoidable if the people responsible for making economic policy had been awake.

Compiled by David Culver, Ed., Evergreene Digest <http://evergreenedigest.org>

http://evergreenedigest.org/sites/default/files/Twitter%20Logo%20%28125%29.jpg Now you can follow Evergreene Digest on Twitter.


 



Part 1: Strengthening Corporate Power–New NAFTA Worse Than the TPP

 

https://farm8.staticflickr.com/7725/17071400029_e99daac200.jpg Image by Woody Wood via Flickr

Consistent with the objectives of the Trans-Pacific Partnership, the Trump administration says it wants to “Establish rules that reduce or eliminate barriers to U.S. investment in all sectors in the NAFTA countries.” What that passage means is that, consistent with what is written above, the intention is for the elimination of as many restraints on corporate behavior as possible.

Pete Dolack, Dandelion Salad

July 19, 2017 | As a candidate for president, Donald Trump claimed he wanted a better deal for U.S. workers. Surprise! Oh, okay, that he was lying really isn’t a surprise at all. Far from a “better deal,” the Trump administration is now offering a North American version of the Trans-Pacific Partnership.

Although it might have seemed that the TPP was dead and buried after several years of struggle by activists on both sides of the Pacific Ocean (President Trump had as much to do with TPP’s demise as a rooster does for the rise of the Sun), the TPP’s language is being used as a model for a re-negotiated North American Free Trade Agreement.

Pete Dolack, Writer, Dandelion Salad

Full story … 



Part 2: Ten Years After Financial Crisis, Our Elites Have Learned Nothing

http://www.truth-out.org/images/images_2017_08/2017_0814baker.jpg(Photo: BrianAJackson / iStock / Getty Images Plus)

The economic disaster that cost millions of people their jobs and/or their homes was 100 percent avoidable if the people responsible for making economic policy had been awake. Turning the story of the housing bubble into a story about the financial crisis is an effort to make issues that are quite simple seem very complicated.

Dean Baker, Center for Economic and Policy Research / Truthout

Monday, August 14, 2017 | Last week, I heard BBC announce the 10th anniversary of the beginning of the financial crisis. This is dated to the decision by the French bank BNP Paribas to prohibit withdrawals from two hedge funds that were heavily invested in subprime mortgage backed securities. According to BBC, this was when lending began to freeze and house prices began to fall.

The problem with BBC's story is that house prices had already been falling for more than a year. While the nationwide decline was still relatively modest, around 4 percent, the drop in many of the most active markets was more than 10 percent.

Dean Baker is a macroeconomist and codirector of the Center for Economic and Policy Research in Washington, DC. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University.

Full story … 

http://everydayfeminism.com/wp-content/uploads/2015/06/PlsShareArrow5.png

 

Section(s): 

Pages