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Dow Falling Off The Cliff
I think part of this is worries about the Greek debt crisis, part of it worries about a bad retail sales number confirming some irrational exuberance about the recovery, maybe part of it worries about...
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Consumer Spending Stalls in November
At the beginning of the holiday shopping season, there was a surge of stories about how Black Friday sales went through the roof, that consumers had austerity fatigue, that they were ready to spend...
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Troubling Data on Retail Sales Suggests Economic Slowdown
Chart of retail sales, June 2012, via Calculated Risk Retail sales fell for the third straight month in June, a rare event that usually happens during recessions. With 70% of the US economy coming from...
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Brave New Retailing World: Merchants Can Charge Extra for Payment By Credit Card
The important element of this multi-billion dollar settlement with MasterCard and Visa on an antitrust lawsuit is not the total amount, though retailers stand to gain about $6 billion in damages. It’s...
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The Importance of the Walmart Strikes
Bryce Covert has a helpful primer for why we should pay attention to these wildcat strikes carried out by a non-union coalition of Walmart associates. It does threaten to upend the status quo for labor...
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Walmart Sued Over Wage and Hour Violations
Temporary workers at Walmart filed a class action lawsuit against the company and two staffing agencies yesterday, arguing that the retailer forced the temps to work longer hours without a lunch break....
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Retail Wage Increases Would Benefit Entire Economy and Additional Retail...
Walmart executives worried about the recent spate of labor activity against the retailer would probably tell you that they cannot possibly offer higher wages to their employees while maintaining their...
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Bernanke: Economy Still Weak, No Time for Austerity
Ben Bernanke’s speech on the economy today offered no new information. It was more of an overview on the state of the economy, and it hit on many very familiar themes which Bernanke has expressed for a...
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My Walmart Black Friday Experience, and the Productivity/Wage Gap
Police arrest striking Walmart workers in Paramount, CA Walmart workers staged their historic strike on Black Friday. Management tried to downplay it, and given how massive Walmart is, the relative...
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Austerity Still Taking a Bite Out of Europe
Chancellor of the Exchequer George Osborne: The austerity beatings will continue until morale improves While debating how much austerity outside of the magic no-budgetary-impact spending on the...
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SOPA Strike Still Set for Tomorrow; More Websites Join
As I noted yesterday, organizers of the SOPA strike got a boost when Wikipedia said they would shut down operations tomorrow, in protest of anti-piracy legislation that could constrain their business....
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SOPA Strike: Thousands of Sites Go Dark to Protest Anti-Piracy Legislation
Wired is censored today. So is TBogg’s mini-site. The Google doodle is blacked out. And part of Daily Kos. And a lead story at The Huffington Post. And even right here. Sites like Wikipedia and Reddit...
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Decision Day in Wisconsin as Historic Recall Election Concludes
Wisconsin goes to the polls today in recall elections for Governor Scott Walker, Lt. Governor Rebecca Kleefisch, and four state Senators. If successful, it would be only the third gubernatorial recall...
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Walmart Workers Strike at Multiple Stores
Walmart warehouse operators and workers have gone on strike at various locations around America, picketing the most notorious and largest anti-union employer in the country over poor working conditions...
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Walmart Worker Wildcat Strikes Spread
For the second time in a week, workers at Walmart stores, this time in five states, have walked out on the job. While Walmart does not allow unions, and the strikes are relatively time-limited, this...
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Walmart Strikes Extend to 12 Cities, Black Friday Actions Planned
The wildcat strikes by non-union Walmart associates are approaching a critical mass. The first-ever strikes have now spread to 12 cities across the country – including Chicago, Dallas, Miami, Orlando,...
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Walmart Files Unfair Labor Practice Against UFCW
Walmart Strike in Seattle, November 15, 2012. Walmart, trying to change the subject in advance of protests and strikes at the outset of the holiday shopping season, has filed an unfair labor practice...
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Labor Unions Show Solidarity With Walmart Workers
United Auto Workers will support Walmart strikers on Black Friday We can now see why the imminent Walmart strikes on Black Friday have spooked the company. They have engaged in a two-prong PR strategy,...
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With all their accumulated wealth sitting around they need to find new ways of increasing their portfolios. Since their is no real risk to investing if you are a billionaire because your Government...
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