In 1954, a single book destroyed the popular notion that children are innocent souls. In that book, a plane of such innocent souls crashes on a deserted island. There, in a paradise of coral and coconuts and wild pigs, the survivors soon revert to a state of nature....
The 400 richest Americans now have more wealth than the bottom 61 percent of the population, a report released on Wednesday by the Institute for Policy Studies (IPS) reveals. According to “Billionaire Bonanza: The Forbes 400 and the Rest of Us,” just the twenty...
David Novak, the executive chairman of the company that owns KFC, Taco Bell, and Pizza Hut, has a lot to look forward to—$234 million, to be exact. That’s the size of his retirement package, which is the largest of any top executive’s. Novak, whose company has fought...
Last month, one of the largest coal companies in the United States filed for bankruptcy, citing an “unprecedented period of distress” in the industry. The demise of Alpha Natural Resources wasn’t exactly a surprise. Twenty-sixother coal companies folded in the...
A new report out today asks why black women—who are overrepresented in low-wage sectors of the economy that have produced recent organizing successes, including in retail and fast food—aren’t a stronger presence in labor movement leadership. The report, called “And...
A twenty-year review released today by the Institute for Policy Studies found that the records of nearly 40 percent of America’s top-earning executives include leading their firms to bankruptcy, government bailouts, fraud-related fines and settlements,...
That’s not exactly “shared sacrifice.” A report from the Institute for Policy Studies notes that the 63 CEOs behind “Fix the Debt” would reap $134 billion in tax windfalls for their companies just from a territorial tax system...
That’s not exactly “shared sacrifice.” A report from the Institute for Policy Studies notes that the 63 CEOs behind “Fix the Debt” would reap $134 billion in tax windfalls for their companies just from a territorial tax system...
