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): 

Why it’s Important to Fight the Stigma Attached to Poverty: Part I

http://daily-work.org/wordpress/wp-content/uploads/2017/07/poverty-picture.jpg

  • Like me, I hope this poem will make you think more deeply about the strengths of, and challenges faced by, people experiencing poverty.
  • Fake Labor News? What the Mainstream Media Is Not Telling You About the Poor, Week Ending August 5, 2017

http://evergreenedigest.org/sites/default/files/Subscribe%20logo%20with%2011%20Yr%20Banner_0.jpgTo stay on top of important articles like these, sign up here to receive the latest updates from all reader supported Evergreene Digest.

 



Maya Lehmann, Daily Work

July 26, 2017 | It seems like Americans are more polarized than ever before. It is very easy to dismiss and distance ourselves from people whose beliefs, education, background, or values are different from ours. This seems particularly true in the political rhetoric these days, especially when it comes to government services and public assistance. Essentially, we have created and reinforced an “us” vs. “them” mentality that is harmful to American society and impairs our ability to work together and make positive changes that can benefit us all.

This polarization and dichotomy is definitely true in the way that people experiencing poverty are viewed. It is very easy to treat “them” as if they are somehow lesser than “us.” Often we either look at someone who is experiencing poverty as lazy or incompetent, or we act as if we have all of the solutions to fix their life, but both of these perspectives are harmful to someone’s self-sufficiency. We need to actively combat this judgmental attitude because it is not productive and it is harmful towards other people. Not only that, but these negative stereotypes are simply not true. The poem below by Julia Dinsmore articulates why we should not blame people for their situations, but instead support, encourage, affirm, respect, and realize that their situations are often the result of circumstantial or systemic barriers.

Maya Lehmann, Case Management Intern, Daily Work 

Full Story … 

Related:

Fake Labor News? What the Mainstream Media Is Not Telling You About the Poor, Week Ending August 5, 2017, Compiled by David Culver, Ed., Evergreene Digest

http://www.globalresearch.ca/wp-content/uploads/2017/03/Fake-News-400x255.jpgIf you solely rely on the Western media for enlightenment, your acquired knowledge is plain ignorance. You will never learn the truth because they simply manipulate the news. Learn the truth in our selection of articles below. 

• The United States of Cruelty, Charles P. Pierce, Esquire
• America's Disgusting, Boundless Hatred for Poor People, Brittney Cooper, Salon
• GOP Descent into Mindless Meanness, Lawrence Davidson, ConsortiumNews.com
• The rush to humiliate the poor, Dana Milbank, Washington (DC) Post 
• Indiana Republican: ‘No One Has the Guts’ to Let the Poor ‘Wither and Die’, Allen Clifton <>, Forward Progressives 

 

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

Section(s): 

Tracking Trump's Corporate Cronies

  http://evergreenedigest.org/sites/default/files/Corporate%20Executive%20Swamp%20logos.jpg

  • Instead of removing the insiders as promised, Trump turned over the inner workings of government to the corporate class. 
  • Public Citizen shows Trump’s ‘draining the swamp’ promises were a scam. Check out Public Citizen's CorporateCabinet.org website.
  • Related: License to Kill

Public Citizen

Submitted by Evergreene Digest Contributing Editor Virginia Simson

http://www.yesmagazine.org/issues/9-strategies-to-end-corporate-rule/images/Stencil.jpg/image_large  August 1, 2017 | Candidate Trump railed against the corporate elite and special interest making backroom deals in D.C., and vowed to give new voices a chance to go into government service.

Instead of removing the insiders as promised, Trump turned over the inner workings of government to the corporate class. Public Citizen has been tracking Trump’s nominations and appointments within his transition team and administration.

Below is some of the work Public Citizen has done, which shows Trump’s ‘draining the swamp’ promises were a scam. Check out Public Citizen's CorporateCabinet.org website.

Public Citizen advocates for a healthier and more equitable world by making government work for the people and by defending democracy from corporate greed.

Full story … 

Try watching this video on www.youtube.com

Related:

http://evergreenedigest.org/sites/default/files/If%20You%20Use%20it%2C%20Contribute%20To%20It%20banner.jpg

License to Kill, Robert Weissman, Public Citizen 

We need stronger controls on corporate wrongdoing. The last thing we need is to confer on giant corporations a license to kill. Senator Portman’s  Regulatory Accountability Act must be defeated.

http://movetoamend.org/sites/default/files/sign-btn.png View the ad and tell senators not to give Big Business a license to kill. Sign the Petition and We’ll Deliver Your Message to the U.S. Senate

 

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

 

 

 

 
Section(s): 

Mining Truth launches campaign to highlight financial risk from PolyMet

http://www.miningtruth.org/wp-content/uploads/2012/02/unnamed-1024x302.jpg

  • Mining Truth launches campaign to highlight financial risk from PolyMet
  • $934 million damage deposit is needed to protect taxpayers
  • Sulfide mining pollution would forever change Minnesota, including the Boundary Waters, Lake Superior, and our economy. 

The Mining Truth coalition, Mining Truth

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

http://www.miningtruth.org/wp-content/uploads/2012/02/Screen-Shot-2015-06-16-at-10.10.13-AM.png07/20/2017 | The Mining Truth coalition launched a public information campaign this week with a goal of ensuring Minnesota taxpayers are protected as permit applications are considered for PolyMet’s proposed sulfide mine in northern Minnesota. Billboards near the Minnesota Department of Natural Resources headquarters in St. Paul and along I-35 highlight the $934 million damage deposit experts say is needed to cover cleanup costs.

“PolyMet’s own permit application says polluted water from the site will require expensive treatment for decades, if not centuries, after this proposed mine closes” said Kathryn Hoffman, Executive Director of the Minnesota Center for Environmental Advocacy. “Unless Minnesota insists on a bankruptcy-proof, upfront damage deposit, taxpayers could be left with a huge cleanup bill.”

Mining Truth is a coalition of Conservation Minnesota, Friends of the Boundary Waters Wilderness, and the Minnesota Center for Environmental Advocacy formed in 2012 to provide a resource for Minnesotans to get facts about how sulfide mining and its potential impacts differ from iron mining.

Full story … 

 

https://scontent-lga3-1.xx.fbcdn.net/v/t1.0-9/14095715_10102955974390751_7796890404794769776_n.jpg?oh=ed79c20cc574e77a57904ba7343e7d53&oe=59A1F11F

 

 

 

 

 

 

 

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

Pages

Subscribe to Business