Every rule of government budgeting — not to mention common sense — says using a one-time windfall to finance ongoing commitments is a very bad idea.
It’s the political equivalent of hitting the lottery for $1,000, then rushing to put a down payment on a Ferrari.
So it was disturbing that Gov. Cuomo — when asked how he would spend an unprecedented $4.2 billion in legal settlements flowing into state coffers this year — threw out the following list of options:
The fall out continues over whether Governor Cuomo's top aid interfered with an ethics commission probe, with some now saying that the state's Attorney General, Eric Schneiderman, could have done more to protect the integrity of the investigations, and whether any actual crimes were committed.
Last week, as I sat and watched the events unfold in Ferguson, Missouri over the death of Michael Brown, I went through a range of emotions: rage, grief, depression. Even without the full details of the case, it was upsetting—horrifying really—to see another unarmed black body slain in the broad daylight for the entire world to see. For days and days, I tried to express the emotions that I was feeling, but my fingers went limp.
For a moment, Monday’s funeral for Michael Brown, the young black man shot and killed by a white police officer in Ferguson, Missouri, pulled our attention away from the protests and militarized police response and back to the body on the street. The police left Michael there in the middle of the road, under the midday sky, for over four hours, blood seeping from his head in a drying rivulet on the asphalt. “To have that boy lying there, like nobody cared about him.
Fewer American high school students are working summer jobs and part-time jobs than a decade ago, and that will likely mean lower wage-earning capacity in their futures, research indicates. In 2000, about 34 percent of high school students age 16 and older held jobs, but that share had fallen to 18 percent by 2012, data from the National Center for Education Statistics indicate.
It’s the classic Catch-22 of the doomed job search: How do you get a job? You need experience. And how do you get experience? Get a job. But for many, the unemployment cycle gets further twisted when it intersects with the debt cycle. When prospective employers run credit checks, a bad report becomes a financial scarlet letter. ...
While the de Blasio administration and the City Council work through the details of a bill that would prohibit employers from reviewing the credit histories of potential hires, liberal advocates are pushing for passage of the strongest possible version of the legislation.
Murphy suggested two ways out of this trap. One is crowd-sourced fundraising, which is already occurring over the Internet. Murphy stated that his Senate campaign raised $4 million of its $10 million total from donors giving online. That meant he did not have to call wealthy donors to raise 40 percent of his campaign haul.
As we contemplate the possibly bright future of pre-K laid out in Obama’s state of the union address this year, in which the feds work together “with states to make high-quality preschool available to every single child in America,” along comes a sobering glimpse of what public preschool looks like now. It’s not quite as rosy.
From The Washington Post, “Federal taxpayers employ more low-wage workers than Wal-Mart and McDonald’s combined, a new study calculates. The report from the consulting firm Demos, set to be released Wednesday, estimates that taxpayer dollars fund nearly 2 million private-sector jobs that pay $24,000 a year — about $12 an hour — or less.”
Lucila Ramirez, 55, has been cleaning the bathrooms and tables at Washington, D.C.’s Union Station for 21 years. Despite her long record of service, Ramirez says she makes only $8.75 per hour, and receives no benefits or sick days.
“I work in a federal building doing work on behalf of the government and if I was paid a living wage, I wouldn’t have to go looking for a second job in order to support my family,” Ramirez, 55, told The Huffington Post in Spanish via an interpreter.
The banks have systematically figured out how to rip off the government,” Lerner says.
Part of that ripoff was the LIBOR scandal, which had a “massive consequence on everything,” according to Wallace Turbeville, a former Goldman Sachs employee and current senior fellow at nonpartisan think tank Demos.
The vacuous, cheerful expression of the Walmart smiley face has long been associated with the paradoxically dark reality of low-wage work. With the recent fast-food worker walkouts in New York, the golden arches may go down, too, in the annals of class-war symbology.
Even with a freeze on basic pay rates and unpaid leave days and repeated attacks on the federal workforce, being a federal employee means you have a good, though as of late, a less-lucrative job.
That can’t be said by everyone in the federal workplace.
Mr. Panesso was rejected for jobs at several more big national retail chains. But J. Crew, he said, was the only business to send him an adverse action letter. Did that mean the others rejected his application for other reasons? It’s impossible to know for sure.
Big businesses, such as Wal-Mart and McDonalds, get a bad wrap for providing low-wage jobs. But, Americans may be surprised to know that they're funding a low-wage labor pool larger than both of these companies combined do, a new report by Demos, a public policy organization, shows.
A study released earlier this month from the public policy group Demos states that through various forms of government funding in the private sector, nearly two million people are making $12 an hour or less. The number of workers at Wal-Mart and McDonald's together at $12 an hour or less is currently around 1.5 million, according to the report.
"The sheer number of those workers making so little is surprising," said Amy Traub, a senior policy analyst at Demos and co-author of the study.
