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The workers bearing the brunt of retail’s struggles? Primarily women and people of color.

Bankruptcies, of course, also meant layoffs, including 33,000 at Toys R Us last summer and 16,000 at Payless this spring. And these layoffs, according to the report’s co-authors, a coalition of...

07/26/2019 | Vox | Holding Wall Street Accountable

Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million Jobs

Nearly 600,000 jobs at U.S. retailers owned by private equity firms and hedge funds have been lost in the past decade, according to a study released this week by the Center for Popular Democracy...

07/26/2019 | Forbes | Holding Wall Street Accountable
07/26/2019 | Published by: Institutional Investor
07/26/2019

LBOs Make (More) Companies Go Bankrupt, Research Shows

LBOs Make (More) Companies Go Bankrupt, Research Shows

Similarly, research published by worker groups including the Private Equity Stakeholder Project and the Center for Popular Democracy claimed that, over the past ten years, private equity firms...

07/26/2019 | Institutional Investor | Holding Wall Street Accountable

Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million Jobs

Nearly 600,000 jobs at U.S. retailers owned by private equity firms and hedge funds have been lost in the past decade, according to a study released this week by the Center for Popular Democracy...

07/26/2019 | Forbes | Holding Wall Street Accountable
07/25/2019 | Published by: Retail Dive
07/25/2019

Private equity owners have killed 600K retail jobs, report says

Private equity owners have killed 600K retail jobs, report says

Private equity-owned retailers have laid off nearly 600,000 workers over the past decade even as the industry as a whole added 1 million jobs, according to a new report from the Center for Popular...

07/25/2019 | Retail Dive | Holding Wall Street Accountable
07/25/2019 | Published by: US News Hub
07/25/2019

The Finance 202: Trump, frustrated by Fed, could move to weaken the dollar

The Finance 202: Trump, frustrated by Fed, could move to weaken the dollar

Women and people of color have been disproportionately affected by the layoffs as debt-ridden retailers closed thousands of stores, according to the report by six progressive nonprofit...

07/25/2019 | US News Hub | Holding Wall Street Accountable
07/25/2019 | Published by: Progressive Magazine
07/25/2019

American Gulags

American Gulags

“Let’s shame the corporate leaders standing by Trump by exposing the way they benefit from Trump,” says Ana Maria Archila, who, as co-executive director of the Center for Popular Democracy, is one...

07/25/2019 | Progressive Magazine | Building an Immigrant Justice Initiative
07/25/2019 | Published by: Politico
07/25/2019

Debt-ridden Retailers Shed Millions of Jobs

Debt-ridden Retailers Shed Millions of Jobs

In the Workplace

The Washington Post’s Abha Bhattarai reports, citing a report released Wednesday by worker advocacy groups Americans for Financial Reform and the Center for Popular...

07/25/2019 | Politico | Holding Wall Street Accountable
07/25/2019 | Published by: Fox Business
07/25/2019

Wall Street firms blamed for killing 1.3 million retail jobs

Wall Street firms blamed for killing 1.3 million retail jobs

Wall Street’s gamble on retail is responsible for the loss of more than 1.3 million jobs in total over the past decade -- an estimated 597,000 at retail companies owned by private equity firms and...

07/25/2019 | Fox Business | Holding Wall Street Accountable
07/24/2019 | Published by: Caribbean Business
07/24/2019

Judge halts Puerto Rico bankruptcy process for 3 months

Judge halts Puerto Rico bankruptcy process for 3 months

The director of community dignity campaigns of the Center For Popular Democracy and spokesperson for the Construyamos otro Acuerdo campaign, lawyer Julio López Varona…

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07/24/2019 | Caribbean Business | Organizing for a Just Recovery in Puerto Rico and Beyond

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