Sterling Jewelers, the parent company behind Jared the Galleria of Jewelry and Kay Jewelers, is facing a class-action lawsuit from hundreds of former employees who allege a widespread culture of sexual harassment that reached the upper levels of management. The Washington Post reports that about 250 former employees have made declarations alleging that women at […]
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PayPal Accused of Diverting Charity Donations…
A class claims PayPal misled tens of thousands of customers about their charitable donations made on its giving platform and redirected money meant for unregistered charities to groups of its own choosing. Lead plaintiffs Friends for Health: Supporting the North Shore Health Center and Terry Kass sued PayPal Inc. and PayPal Charitable Giving Fund in […]
For Every Living-Wage Job, There Are Seven People Looking for Work…
Living-wage jobs are scarce in the United States. The People’s Action Institute (PAI), a national organization with the goal of achieving economic, racial, gender and climate justice, just released a study that reinforces the profound need for jobs that pay a wage people can live on. A PAI news release states…
Treasury Secretary Mnuchin on Economic Growth, Tax Policy…
Treasury Secretary Mnuchin covers budget, budgetary priorities, regulatory reform, tax simplification, middle class tax cuts, financial reform, the federal reserve and a ton more. Well worth your time to watch…
Minimum Wage Massacre: Wendy’s Unleashes 1,000 Self-Serve Terminals to Counter Higher Labor Costs…
In yet another awkwardly rational response to government intervention in deciding what’s “fair”, the blowback from minimum wage demanding fast food workers has struck again. Wendy’s plans to install self-ordering kiosks in 1,000 of its stores – 16% of its locations nationwide…
Dr. Doom Warns of Stock Market Selloff ‘Avalanche’…
Marc Faber, known as ‘Dr. Doom’ for his pessimistic views of equity markets, has warned investors that US stocks are vulnerable to a seismic selloff, which could start any moment. The Swiss investor doesn’t expect the rally’s disruption to be evoked by any catalyst, as the markets are overbought and sentiment is way too bullish […]
Prostitutes, False Billing, a $3 Billion Lawsuit: Oscar Mixup is the Least of PwC’s Problems…
PwC, formerly known as PricewaterhouseCoopers, is one of the Big Four accounting firms created in 1998 from the merger of Price Waterhouse and Coopers & Lybrand. Its namesakes are more than a century old. Unfortunately, PwC will henceforth be known as the accounting firm that provided presenters Warren Beatty and Faye Dunaway with the wrong […]
DNA Test Shows Subway’s Oven-Roasted Chicken Is Only 50 Percent Chicken…
According to a Canadian study, a DNA test showed only half of Subway’s oven-roasted patty is made with real chicken. Subway was among five fast-food restaurants whose chicken the Canadian Broadcast Corporation had tested. The results showed the Oven Roasted Chicken patties averaged 53.6 percent chicken DNA while the Sweet Onion Chicken Teriyaki strips came […]
U.S. Economy Slowed to a Drip in Fourth Quarter…
The U.S. economy expanded at a slower pace in the fourth quarter, as previously reported, and appeared to remain on a moderate growth path as President Donald Trump took office with a promise to reinvigorate manufacturing and protect jobs. Trump has pledged to boost annual economic growth to 4 percent through a mix of infrastructure […]
Bitcoin Is Rocking….
Bitcoin is at all-time high, with its value hitting $1,197.96 per coin on Friday and with over $18 billion of the digital currency in circulation. That’s well above its previous peak, in November 2013. At that time, the currency was trading at $1,163 per coin, with $13 billion in circulation. After that previous high four […]
California, Nestle, And Decentralization…
Nestle USA has announced that it will move its headquarters from Glendale, California, to Rosslyn, Virginia, taking with it about 1200 jobs. The once Golden State has lost some 1690 businesses since 2008 and a net outflow of a million of mostly middle-class people from the state from 2004 to 2013 due to its onerous […]
Stockman: “After March 15 Everything Will Grind To A Halt”…
“I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be […]
Trump Meets with Healthcare CEO’s (VIDEO)…
Today President Donald Trump met with healthcare executives in advance of a repeal and replacement process ongoing for ObamaCare. It is anticipated that President Trump will outline some of the healthcare measures in his upcoming speech tomorrow night to a joint session of congress.
Related
AUDIT: EPA Employees Used Gov’t Purchase Card to Spend $14,985 on Fitness Memberships…
Environmental Protection Agency employees used their government purchase cards to spend $14,985 on fitness memberships, according to an audit by the inspector general of the agency. With the goal of assessing the risk of illegal, improper, and erroneous purchases made on the EPA’s purchase card, the auditors evaluated 18 transactions totaling $48,345 and found that […]
J.C. Penney Announces 140 Stores Closing, Offers 6k Early Retirement…
J.C. Penney has announced the closing of approximately 140 stores over the next few months. According to this Yahoo report, the company had a terrible holiday season. Department store operator J.C. Penney Co Inc (JCP.N) said on Friday it would close 130-140 stores over the next few months, and reported a bigger-than-expected drop in same-store […]
The $74 Trillion Global Economy In One Chart…
The latest GDP numbers from the World Bank were released earlier this month, and today’s visualization from HowMuch.net breaks them down to show the relative share of the global economy for each country. As Visual Capitalist’s Jeff Desjardins explains, the full circle, known as a Voronoi Diagram, represents the entirety of the $74 trillion global […]
10 Companies With the Worst Reputations…
A good reputation is a fragile thing, whether a person’s or a company’s. And, like beauty, a good reputation is often in the eye of the beholder. Corporate reputations take time to build but can be severely damaged in the equivalent of a heartbeat. Sometimes a company’s reputation rises or falls depending on the political […]
Pres. Trump, Saudi Arabia and the Petrodollar…
Obama pulled out his veto pen 12 times during his presidency. Congress only overrode him once. In late 2016, Obama vetoed the Justice Against Sponsors of Terrorism Act (JASTA). The bill would allow 9/11 victims to sue Saudi Arabia in US courts. With only months left in office, Obama wasn’t worried about the political price […]
IRS Doesn’t Tell 1M Taxpaying Americans Illegals Stole Their Social Security Numbers…
The IRS has discovered more than 1 million Americans whose Social Security numbers were stolen by illegal immigrants, but officials never bothered to tell the taxpayers themselves, the agency’s inspector general said in a withering new report released Tuesday. Investigators first alerted the IRS to the problem five years ago, but it’s still not fixed, […]
Feds Paid $1 Billion in Social Security Benefits to Individuals Without a SSN…
The Social Security Administration paid $1 billion in benefits to individuals who did not have a Social Security Number (SSN), according to a new audit. The agency’s inspector general found errors in the government’s documentation for representative payees, otherwise known as individuals who receive retirement or disability payments on behalf of another person who is […]
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