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Can New CEO Tim Sloan Fix Scandal-Plagued Wells Fargo’s Corporate Culture?

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  • Tim Sloan has replaced John Stumpf as Wells Fargo’s New CEO, but some wonder whether such a longtime insider can really change the bank’s culture of customers and employee abuse.
  • Related: Special Report | Amazon & Wal-mart: Big Box Retailers Behaving Criminally

Peter Dreier, American Prospect

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http://prospect.org/sites/default/files/styles/large/public/ap497191253707_horiz_2.jpeg?itok=rFrupW4yWells Fargo Senior Executive Vice President and Chief Financial Officer Timothy J. Sloan is interviewed on the floor of the New York Stock Exchange, Wednesday, November 13, 2013.  AP Photo/Richard Drew

October 28, 2016 | candal-plagued Wells Fargo’s recent selection of long-time bank insider Tim Sloan to replace John Stumpf as its CEO has done little to mollify critics, given Sloan’s central management role during more than a decade of consumer and community complaints.

Sloan has largely escaped scrutiny during the thumping Wells Fargo has taken from Congress, the media, and bank reform activists for boosting its own stock price by secretly creating more than two million unauthorized checking and credit-card accounts. As lawmakers and state and federal regulators line up to investigate the bank following Stumpf’s resignation, Sloan now replaces him on the hot seat. Sloan’s role as a member of the bank’s inner circle at a time when Wells Fargo stood accused of reckless and discriminatory practices is sure to interest investigators.

Peter Dreier teaches politics and chairs the Urban & Environmental Policy Department at Occidental College. His latest book is The 100 Greatest Americans of the 20th Century: A Social Justice Hall of Fame (Nation Books, 2012).

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Special Report | Amazon & Wal-mart: Big Box Retailers Behaving Criminally, Compiled by David Culver, Ed., Evergreene Digest 

Part 1: Report: How Amazon's Tightening Grip on the Economy Is Stifling Competition, Eroding Jobs, and Threatening Communities

Amazon is far more than a big, aggressive retailer. 

Part 2: Who should pay: You or Walmart?

Who do you think should pay the price of providing security for property and other minor crimes in Walmart stores?

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Series | A Living Earth Economy, Part 4: Why the Economy Should Just Stop Growing … and Grow Up

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  • "How do we grow the economy?" is an obsolete question.
  • Local initiatives across the world are looking for maturity instead as they rebuild caring, place-based communities and economies.
  • 4th in a Series

David Korten, Yes! Magazine

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http://www.bibliotecapleyades.net/imagenes_ciencia2/conscioussociopol259_01_small.jpgMay 4, 2016 | Listen to the political candidates as they put forward their 'economic solutions.'

You will hear a well-established and rarely challenged narrative.

"We must grow the economy to produce jobs so people will have the money to grow their consumption, which will grow more jobs…"

Grow. Grow. Grow ... .

But children and adolescents grow. Adults mature...

David Korten wrote this article for YES! Magazine as part of his new series of biweekly columns 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. His work builds on lessons from the 21 years he and his wife, Fran, lived and worked in Africa, Asia, and Latin America on a quest to end global poverty.

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Previously in this series

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Special Report | Amazon & Wal-mart: Big Box Retailers Behaving Criminally

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  • Part 1: Report: How Amazon's Tightening Grip on the Economy Is Stifling Competition, Eroding Jobs, and Threatening Communities
  • Amazon is far more than a big, aggressive retailer. 
  • Part 2: Who should pay: You or Walmart?
  • Who do you think should pay the price of providing security for property and other minor crimes in Walmart stores?

Compiled by David Culver, Ed., Evergreene Digest 



Part 1: Report: How Amazon's Tightening Grip on the Economy Is Stifling Competition, Eroding Jobs, and Threatening Communities

Olivia LaVecchia, Institute for Local Self-Reliance

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In earnest,

Dave & the Crew

https://ilsr.org/wp-content/uploads/2016/11/Amazon-Report-Cover_border-320x412.png Nov 29, 2016 | For all of its reach, Amazon, the company founded by Jeff Bezos in 1995 as an online bookstore, is still remarkably invisible. It makes it easy not to notice how powerful and wide-ranging it has become. But behind the packages on the doorstep and the inviting interface, Amazon has quietly positioned itself at the center of a growing share of our daily activities and transactions, extending its tentacles across our economy, and with it, our lives.

 

Today, half of all U.S. households are subscribed to the membership program Amazon Prime, half of all online shopping searches start directly on Amazon, and Amazon captures nearly one in every two dollars that Americans spend online. Amazon sells more books, toys, and by next year, apparel and consumer electronics than any retailer online or off, and is investing heavily in its grocery business. Its market power now rivals or exceeds that of Walmart, and it stands only to grow: Within five years, one-fifth of the U.S.’s $3.6 trillion retail market will have shifted online, and Amazon is on track to capture two-thirds of that share.

Read the report — and maps, timelines, and more.

Olivia LaVecchia is a Research Associate with ILSR’s Community-Scaled Economy Initiative. A former reporter, her work has won recognition locally and nationally, including the 2014 “Media for a Just Society” award for newspaper writing.

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Part 2: Who should pay: You or Walmart?

Who do you think should pay the price of providing security for property and other minor crimes in Walmart stores?

 

Randy Parraz, Making Change at Walmart  

http://evergreenedigest.org/sites/default/files/Walmart%20Police%20Line%20and%20Patrol%20Car.jpgNovember 21, 2016 | Over the past year, there have been many news stories and headlines regarding how much crime happens at Walmart, and how often local police officers are being called to Walmart stores. The statistics are shocking:

• Law enforcement logged nearly 16,800 calls in one year to Walmarts in four Florida counties, according to a Tampa Bay Times analysis. That’s two calls an hour, every hour, every day.

According to an analysis from Bloomberg News, in one year, police were called to one of Tulsa’s four Walmarts just under 2,000 times. They were called to one of the city’s four Targets around 300 times.

• A local news story reported that within four Massachusetts counties, police received 1,773 calls for incidents at five Walmarts in 2015 -- about one every day. Seven out of 10 times, no arrests were made.

• A Walmart in Denver, CO, experienced 3.7 police calls per day in 2015.

You can read more about crime in Walmart here and here, or watch this segment from Inside Edition.

In the coming days and weeks, we’ll be out in front of Walmarts all across the country to talk to customers and workers about their concerns, and how they think this problem should be handled. Does Walmart experience more crime because the stores are under-staffed? Are they training workers properly on how to deal with potential crimes?

Making Change at Walmart believes that

• It’s Walmart’s job to provide sufficient security staff for its stores.

• The large number of police calls to Walmart stores questions whether Walmart is relying too much on the taxpayer to provide security.

• Walmart should place security ahead of profits, and invest in more store security.

We’d like to hear from you: Who do you think should pay the price of providing security for property and other minor crimes in Walmart stores?

Text W to 698-329 if you think Walmart should pay.

Text T to 698-329 if you think taxpayers should pay.

Thank you for sharing your opinion with us, and stay tuned for more news soon.

Randy Parrazz, Campaign Director

Making Change at Walmart 

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Section(s): 

How Fire Ants Killed the TPP Dragon

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  • Literally thousands of civil society groups coalesced to combat the TPP.
  • There’s high hope in concerted action.

Leo Gerard, AlterNet

 

 

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November 22, 2016 | The defeat of the TPP is a tale of ants slaying a dragon.

 

It seemed a fearsome task, challenging the powerful behemoth that is Wall Street, Big Pharma, the U.S. Chamber of Commerce, Big Ag, Big Oil, all their lobbyists, and all the Congress critters they’d “campaign-financed” to support their money-grubbing 12-country trade scheme.

 

Leo Gerard is president of the United Steelworkers union. President Barack Obama appointed him to the President’s Advisory Committee on Trade Policy and Negotiations.

 

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