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News & Information

News & Information

June 24, 2015 The middle class is struggling to make the rent

Source: CNN Money

One in five renter households making $45,000-$75,000 a year are considered "cost-burdened," meaning they spend more than 30% of their income on rent, according to Harvard's State of the Nation's Housing 2015 report.

June 24, 2015 Ikea raises minimum wage for US workers 2nd year in a row

Source: The Economic Times

NEW YORK : Ikea's US division is raising the minimum wage for the second year in a row as the Swedish ready-to-assemble furniture chain looks to improve its relations with workers and reduce worker turnover.

June 22, 2015 Top U.S. CEOs make 300 times what workers earn

Source: CBS MoneyWatch

How do you value the efforts of America's top chief executives? Are they worth 10 times what their average worker makes, 20 times or even 100 times?

June 17, 2015 Is Shareholder Dissent With Caterpillar, Inc.'s Executive Compensation Justified?

Source: The Motley Fool

It's been the same song and dance for Caterpillar (NYSE: CAT ) and its shareholders over the last couple of years: annual declines in revenue and operating profits, accompanies by a stock price stuck in neutral. In 2012,...

June 12, 2015 Americans’ Net Worth Reaches High of $84.9 Trillion

Source: Wall Street Journal

Americans’ combined wealth set a fresh record in the first quarter amid rising home values and stock prices, a trend that could prop up economic growth, though consumers also showed some caution when borrowing in a sluggish...

June 11, 2015 $15-an-hour minimum wage passed in L.A.

Source: News 10 Tampa Bay

LOS ANGELES – The Los Angeles City Council Wednesday approved a 66% hike in the minimum wage to $15 an hour, a widely watched move by companies already fearing a upward trend in labor costs.

June 3, 2015 Look who's joined Buffett-Gates Giving Pledge

Source: CNBC

Ten more billionaires have signed on to the Giving Pledge, which enters its fifth year. The effort, started by Warren Buffett and Bill and Melinda Gates, encourages billionaires to give the majority of their wealth to...

June 2, 2015 Wal-Mart increases starting wages for 100,000 employees

Source: CTV News

NEW YORK -- Wal-Mart is raising starting wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments.

May 21, 2015 OECD Sees Continued Rise in Growth-Harming Inequality

Source: Wall Street Journal

Two-fifths of the population of developed countries have gained little over recent decades, driving a rise in income inequality that is damaging economic growth and that can only be reversed through a wide range of government...

May 20, 2015 Minimum wage: L.A. City Council approves increase to $15 by 2020

Source: LA Times

The Los Angeles City Council on Tuesday backed a plan to raise the city’s minimum wage to $15 per hour, joining a trend sweeping cities across the country as elected leaders seek to boost stagnating pay for workers on the lowest...

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