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AFL-CIO Now

Showing blog posts tagged with Wall Street

Financial Speculation Tax Could Help Heal America

When the Statue of Liberty got “sick” over what’s happening to her country, the nation’s nurses rushed to New York City to try and help her get well.

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House Republicans Try to Gut Consumer Bureau

Last week, we told you how 44 U.S. senators are fighting to keep consumer and working family advocate Elizabeth Warren out of the top spot of the Consumer Financial Protection Bureau (CFPB), created by last year’s landmark Wall Street reform legislation.

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Make the Banks Pay Their Fair Share!

The foreclosure crisis just keeps getting worse. More than 12 percent of residential mortgage loans are in foreclosure or at least one payment past due. Millions of homes have been needlessly foreclosed on because banks have not modified homeowners’ mortgages to affordable levels. On top of this misery, the U.S. Department of Housing and Urban Development’s (HUD’s) funding for counseling to prevent foreclosures has been cut to zero.

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2011 PayWatch: Average CEO Salary–$11.4 Million

While 25 million unemployed and underemployed U.S. workers are drowning, CEO pay skyrocketed by 23 percent, for an average salary of $11.4 million in 2010, according to the AFL-CIO Executive PayWatch. Released today, data compiled at PayWatch also show CEOs have done little to create badly-needed jobs, instead sitting on a record $1.93 trillion in cash on their balance sheets.

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Wall Street Villains Escape While Wis.’s Walker Beats Up Schoolteachers

Hats off to economist Dean Baker for putting into perspective Wisconsin Gov. Scott Walker’s (R) attempts to decimate family-supporting wages and benefits and take away state employees’ freedom to bargain. Baker, co-founder of the Center for Economic and Policy Research, writes today:

You have to give Gov. Walker and his wealthy patrons credit. Here we have a situation where Wall Street fat cats wrecked the economy—people like Richard Fuld, Robert Rubin, and Angelo Mozilo—and they’ve  somehow managed to blame schoolteachers and the highway patrol.

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House Republican Budget Plan Hits Working Families, Spares CEOs

The nation’s No. 1 priority is  getting the nation’s job-creation engine running again. But House Speaker John Boehner (R-Ohio) and his gang instead have unveiled a budget plan that slams working families and is a “naked payback” to Wall Street CEOs, says AFL-CIO President Richard Trumka.

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