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Tag Archives | Stock Market Manipulation

McDonald’s workers deliver 1.4 million petition signatures to company’s annual shareholder meeting calling for $15, union rights

By Jack Temple (originally published by Coomon Dreams) – Less than 24 hours after 5,000 workers marched on McDonald’s corporate headquarters, the burger giant’s cooks and cashiers returned to Oak Brook Thursday morning to bring their call for $15 and union rights directly to the company’s shareholders at their annual meeting…. [Cross-posted from Common Dreams publication of May […]

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The wage war’s two fronts

By Peter Dreier (originally published by Capital & Main) - On Tuesday, the Los Angeles City Council voted 14-1 to adopt a citywide minimum wage of $15/hour by 2020. The next day, marching behind a giant banner that read, “McDonald’s: $15 and Union Rights, Not Food Stamps,” 5,000 cooks and cashiers show up at the company’s corporate headquarters […]

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McDonald’s workers swarm HQ to demand $15 wage

By Don Sniegowski (originally published by Blue Maumau) –  The Service Employees International Union announced that it had organized the largest protest in history against McDonald’s (NYSE:MCD). According to the union, 5,000 cooks, cashiers and workers marched Wednesday afternoon on McDonald’s corporate office in Oak Brook, Illiniois. Chanting “We work, we sweat, put $15 in […]

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Are companies stabbing their employees in the buyback?

By Guy Rolnik (originally published by Market Watch) – Large U.S. corporations spent more than $2 trillion buying back their own shares from 2009 through the end of last year. That is money that didn’t go into the economy in the form of rising wages or investment in innovation or the creation of new jobs. […]

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Profits are up, but wages are stagnant. This senator has a plan.

By Bryce Covert (originally published by Think Progress) – Last week, Sen. Tammy Baldwin (D-WI) sent a letter to the head of the Securities and Exchange Commission (SEC) about the growing trend of companies giving money to investors through stock buybacks, rather than investing in workers or equipment. Workers’ wages are currently growing at the slowest pace since the 1960s, despite healthy […]

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The surprising truth about where new jobs come from

By Steve Denning (originally published by Forbes) – “Don’t let anybody tell you that it’s corporations and businesses that create jobs,” Hillary Clinton said last week in Boston. “You know that old theory, trickle-down economics. That has been tried, that has failed. It has failed rather spectacularly. One of the things my husband says when […]

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What drives the stock market: Innovation, speculation, or manipulation?

By William Lazonick (originally published by the Roosevelt Institute) - In the latest installment of his “Breaking Through the Jobless Recovery” series, economist William Lazonick exposes the financial engineering that’s far more in style than good old fashioned products. During the 1980s and 1990s, Americans fell in love with the stock market. The “go-go years” of the […]

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