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What Punch Pizza learned from raising its wages

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  • For Punch co-owners Soranno and John Puckett, however, the decision to raise pay wasn't political. It was simply a strategy to attract and retain quality workers who would, in turn, create a better experience for customers.
  • Related: Reframing the Minimum-Wage Debate

Ibrahim Hirsi, MinnPost

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https://www.minnpost.com/sites/default/files/imagecache/article_detail/images/articles/PunchPizzaOven640.pngThree years after Punch Pizza raised its minimum wage for entry-level employees, sales and job applicants have increased significantly.  MinnPost photo by Ibrahim Hirsi

10/26/16 | In 2013, Punch Neapolitan Pizza took a step that many companies wouldn't — or couldn't — take: It increased the minimum wage for all its workers to $10 an hour.   

In January of the following year, Punch co-owner John Soranno found himself in Washington, D.C., where President Barack Obama introduced the restaurant chain to the nation during the State of the Union address and commended the entrepreneur for raising wages and calling on businesses across the country to follow suit.

http://prospect.org/sites/default/files/styles/longform_cover_image/public/ap955555990903_banner.jpeg?itok=wwDP-bNRStaff writer Ibrahim Hirsi covers workforce and immigration issues for MinnPost.

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Related:

Reframing the Minimum-Wage Debate, David Howell, the American Prospect

Why “no job loss” is the wrong standard for setting the right wage floor.

 

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Iceland Just Did The Exact Opposite of What the U.S. Does — It Found 9 Banksters Guilty in Historic Case

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  • We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the people and didn’t introduce austerity measures like you’re seeing in Europe. --Icelandic President, Olafur Ragnar Grimmson
  • Related: Call out the corruption

Jay Syrmopoulos, Free Thought Project  / Activists Post 

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http://www.activistpost.com/wp-content/uploads/2016/10/bankers-guilty.jpgOctober 9, 2016 | On Thursday, Iceland’s Supreme Court found nine bankers guilty of market manipulation, affirming the conviction of the seven defendants found in a June 2015 decision by the Reykjavik District Court, and handing down a guilty verdict to two defendants previously acquitted in district court.

The Supreme Court decision found that “[b]y fully financing share purchases with no other surety than the shares themselves, the bankers were accused of giving a false and misleading impression of demand for Kaupthing shares by means of deception and pretense,” http://evergreenedigest.org/sites/evergreenedigest.org/files/Stop%20TPP%20Image.jpgaccording to the Iceland Monitor.

Jay Syrmopoulos writes for TheFreeThoughtProject.com, where this article first appeared.

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Related:

Call out the corruption, Evan, Fight For the Future

The TPP is so corrupt it’s a stretch to even call it a trade deal.

Series | A Living Earth Economy, Part 1 and Part 2

 

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  • What is the most important—yet neglected—issue in the political debate? Hint: It isn’t the ideal body weight of Miss Universe.
  • The $66 billion sale of Monsanto is yet another reminder of how corporations have colonized the world and subverted democracy. To regain our future, we must claim our right to popular sovereignty.
  • Part 1: The Elephant in the Room: What Trump, Clinton, and Even Stein Are Missing
  • Part 2: We Never Voted for Corporate Rule

Compiled by David Culver, Ed., Evergreene Digest

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Part 1: The Elephant in the Room: What Trump, Clinton, and Even Stein Are Missing

What is the most important—yet neglected—issue in the political debate? Hint: It isn’t the ideal body weight of Miss Universe.

David Korten, Yes! Magazine

http://www.yesmagazine.org/new-economy/the-elephant-in-the-room-what-trump-clinton-and-even-stein-wont-mention-20161005/trump-and-clinton-money.gif/imageOct 05, 2016 | In this most bizarre of presidential elections, no one is talking about one of the biggest—if not the biggest—issues of our time. Namely, the global power imbalance between corporations and governments.

Not Donald Trump, as he obsesses over the weight of a long-past Miss Universe. Not Hillary Clinton, despite her many substantive proposals that the media largely ignores. Not even Jill Stein, although she offers many proposals for moving power to the people at the national level.

David Korten wrote this article for Yes! Magazine as part of his column on “A Living Earth Economy.” David is co-founder and board chair of Yes! Magazine, president of the Living Economies Forum, co-chair of the New Economy Working Group, a member of the Club of Rome, and the author of influential books, including When Corporations Rule the World and Change the Story, Change the Future: A Living Economy for a Living Earth.

Full story … 



 

Part 2: We Never Voted for Corporate Rule

The $66 billion sale of Monsanto is yet another reminder of how corporations have colonized the world and subverted democracy. To regain our future, we must claim our right to popular sovereignty.

http://www.yesmagazine.org/people-power/we-never-voted-for-corporate-rule-20161019/corporate-rule-korten.gif/imageIllustration by kmlmtz66/ iStock.

David Korten, Yes! Magazine 

Oct 19, 2016 | In Part One, I argued that a healthy society requires that governments be accountable to the people for the well-being of all, and that corporations be accountable to democratic governments.

Last week, Bayer, a transnational drug and pesticide company, secured funding for its $66 billion offer to acquire Monsanto, the world’s largest producer of agricultural seeds. This follows the announced $130 billion merger of chemical giants Dow and DuPont, and ChemChina’s proposed $43 billion purchase of the seed and pesticide firm Syngenta.

David Korten wrote this article for Yes! Magazine as part of his column on “A Living Earth Economy.” David is co-founder and board chair of Yes! Magazine, president of the Living Economies Forum, co-chair of the New Economy Working Group, a member of the Club of Rome, and the author of influential books, including When Corporations Rule the World and Change the Story, Change the Future: A Living Economy for a Living Earth.

Full story … 

Bullying executives won't result in lower prescription drug costs

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  • Congress should adopt reforms.
  • Congress needs to allow Medicare to negotiate prices, among other steps. 
  • Related: It’s Way Past Time We Stopped Deluding Ourselves About Private Health Insurers

From an editorial in the New York (NY) Times / Minneapolis (MN) StarTribune 

https://d2omw6a1nm6pnh.cloudfront.net/images/stop-big-pharma-180.jpg September 22, 2016 | A congressional hearing on Wednesday about the outlandish price increases of the EpiPen followed a pattern that has become all too familiar in recent years. A drug price soars for no reason; lawmakers call a hearing to scold a pharmaceutical executive; the executive pleads innocence and provides as little information as possible. The drama plays out with no effect on the price.

So it seemed to go with the hearing on the EpiPen, which is used by people suffering a severe allergic reaction to inject epinephrine, a lifesaving drug. Mylan, the maker of the device, raised the price to more than $600 for a pack of two in May, up from about $100 in 2007, when the company acquired the product from Merck KGaA. The increase caused a public uproar this summer. Members of Congress called for hearings and attorneys general in New York state and West Virginia have said they were investigating Mylan for antitrust violations.

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It’s Way Past Time We Stopped Deluding Ourselves About Private Health Insurers, Wendell Potter, Huffington Post 

  • http://evergreenedigest.org/sites/evergreenedigest.org/files/Your%20Health%20Insurance%20Company.jpg  Your Healthcare Provider
  • Folks, we are guilty of magical thinking. We’ve fallen for insurers’ deception and misdirection, hook, line and sinker. And, to the financial benefit of the industry’s executives and institutional investors, many of us can’t be persuaded that we are being duped. Meanwhile, the shareholders of the big for-profits are laughing all the way to the bank. Every single day.
  • Related: Health Care Inequality On The Rise

 

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