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J.C. Penney Disaster, Good Jobs News, Whole Foods Sued And More
May 2, 2013 When J.C. Penney last month ousted chief executive officer Ron Johnson, aborting his disastrous turnaround campaign, one large group of employees quietly celebrated: the army of store workers who had been forced to tag and re-tag millions of items for sale as Johnson ceaselessly tweaked pricing. "Every other month we had to re-ticket everything because he decided the color of the ticket should change," an 18-year veteran J.C. Penney store employee told The Huffington Post, speaking on condition she not be named for fear of losing her job. Continue reading... JARED BERNSTEIN | | The Trouble With Low Inflation | Nominal wages for incumbent workers are still pretty sticky. If you're lucky enough to have a job, think about your own case. I suspect you haven't seen much in the way of raises, but has your salary actually been cut in nominal terms? Continue reading... | | | | | PETER DREIER | | Housing Activists Convince Obama to Dump DeMarco | The anti-DeMarco campaign is part of a broader movement to hold Wall Street banks accountable for crashing the economy, destroying the housing wealth of millions of homeowners, and refusing to help families facing foreclosure through no fault of their own. Continue reading... | | RICHARD ZOMBECK | | It's Business As Usual When It Comes to Foreclosure | Five years after the near complete financial meltdown of the economy in this country, nothing has really changed. Despite the billions of dollars in settlement fees the banks have shelled out, bad press, and loss of trust, it's pretty much business as usual. Actually, it's more blatant and brazen than ever. Continue reading... | |
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