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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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We know how to end poverty, so why don't we?

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  • The video above details the the history behind basic income proposals, why policymakers moved away from the idea, and why it might be worth taking another look.
  • Related: Reframing the Minimum-Wage Debate

Dylan Matthews, Vox 

http://evergreenedigest.org/sites/evergreenedigest.org/files/Money%20Pie.jpg November 14, 2016 | In theory, ending poverty is simple: the government could just give everyone enough money such that no one's poor anymore. That may sound too clever by half, but the idea — known as a "basic income" — has a long intellectual pedigree, and the case for it is better than you might expect. A limited version of it even passed the House of Representatives in 1970.

The video above details the the history behind basic income proposals, why policymakers moved away from the idea, and why it might be worth taking another look.

To learn more, check out our basic income explainer.

Dylan Matthews: Minister without portfolio. Forget it, Jake, it's the ARPAnet. Here is a novel about me.

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In earnest,

Dave & the Crew



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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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A third of the homeless people in America are over 50. I’m one of them.

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  • I never thought I’d be living in my car at age 66.
  • Related: 10 things everyone should know about what it’s really like to live on the street.

CeliaSue Hecht, Vox 

Submitted by Evergreene Digest Contributing Editor Jim Fuller

https://cdn0.vox-cdn.com/thumbor/EwMMEhXqtetJqhtyAWfTKKEuHfw=/0x0:4000x2000/920x613/filters:focal(1680x680:2320x1320)/cdn3.vox-cdn.com/uploads/chorus_image/image/51082713/behindthestat_.0.jpgAmanda Norhrop

Sep 29, 2016 | Nobody ever tells you about the sleep deprivation.

At around 4:30 am, while the rest of the world is still asleep, I wake up and get moving under cover of darkness. Quiet spots with some degree of tree cover, or the occasional hospital or church parking lot, are typically where I sleep for the night. Still, there’s always the risk that someone will spot me and I’ll wake up with police blaring a flashlight into my eyes.

CeliaSue Hech’s writing work has been featured in more than 40 local and national newspapers and magazines, on her dog travel blog, in newsletters, and in five romantic travel guides. She has traveled around the world and has written and led seminars and workshops in the US and Europe. Her travels have included about 245 cities.

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http://evergreenedigest.org/sites/evergreenedigest.org/files/Homeless%20Person%20on%20Street%20in%20Cold%20Weather.jpg 10 things everyone should know about what it’s really like to live on the streets, Evelyn Nieves, AlterNet / Salon 

  • Since the recession, San Francisco's wealth gap has become a yawning chasm. The city's homeless tell their stories. 
  • Related: America Keeps People Poor On Purpose

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