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For some job seekers, repeated rejection by potential employers may be traceable to an unlikely source: their credit report. Regulators are cracking down on some of the methods companies are using to screen candidates (two major companies this week were accused of using background checks to
In the media
Jonnelle Marte
Philadelphia requires city-subsidized organizations to give employees health benefits, a living wage of $10.88 an hour and paid sick leave. But the ordinance only applies only to “businesses with direct city contracts,” according to The Philadelphia Inquirer, and excludes subcontracted employees at
Blog
Jack Grauer
CFTC Chairman Gary Gensler has often said that weak rules on regulatory jurisdiction across borders could blow a hole in the bottom of financial reform. He is right. In a recent speech on the subject, he said: “All of these common- sense reforms Congress mandated, however, could be undone if the
Policy Briefs
Wallace C. Turbeville
Regulators in the United Kingdom are looking into allegations that traders from some of the world's largest banks have been manipulating benchmark foreign-exchange rates to make profits on the backs of clients. Bloomberg News broke the story earlier this week, citing interviews with several
In the media
Ben O'Toole
Is the National Security Agency wasting tax dollars by paying Booz Allen to handle routine intelligence tasks, such as the systems administration work that 29-year old Edward Snowden was doing for $122,000 a year? It sure seems that way.
Blog
David Callahan
The retail sector has been a star of recent jobs reports. May's numbers from the Department of Labor say it was responsible for adding 28,000 positions to the overall economy. It's on an upward trend – the monthly retail employment number has averaged 20,000 for the past year. Considering one in
In the media
Helaine Olen
Evelyn Coke was a Jamaican-born, single mother of five who worked for decades providing care for sick and frail people in their homes. She came to the United States in her thirties and ultimately brought her children to live with her in New York City.
Blog
Sandra Butler
Last month Nevada joined a growing number of states and cities that are forbidding companies from using credit checks to make employment decisions. But the practice is still legal under federal law. [...]
In the media
Michele Bowman
First, the American Pediatrics Association noted that poverty was the number one danger facing children today. If that wasn’t bad enough, it seems the elderly are just as vulnerable, especially in the light of potential entitlement cuts.
Blog
Ilana Novick
Borrowing a line from Tolstoy, Gar Alperovitz’s latest book, What Then Must We Do?: Straight Talk About the Next American Revolution, seeks to resolve a troublesome political puzzle: How do we eradicate systemic problems like inequality, climate destruction, and poverty when these problems seem to
In the media
John Halpin