Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million Jobs
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,...
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 and other groups. Add indirect job losses at retail suppliers like toymakers Mattel and Hasbro, and that’s another 728,000 jobs lost.
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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...
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 organizations and workers’ advocacy groups, including Americans for Financial Reform and the Center for Popular Democracy.
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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...
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 Democracy.
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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...
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 hedge funds, and another 728,800 indirect losses, according to a report released Wednesday by the Center for Popular Democracy and the Private Equity Stakeholder Project…
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American Gulags
“Let’s shame the corporate leaders standing by Trump by exposing the way they benefit from Trump,” says Ana Maria...
“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 of the campaign’s organizers.
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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...
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 Democracy, Private Equity Stakeholder Project and other groups.
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Private equity’s role in retail slashed 1.3 million jobs, study says
Private equity’s role in retail slashed 1.3 million jobs, study says
As The Washington Post reports, that total includes 600,000 retail workers, as well as 728,000 jobs in related...
As The Washington Post reports, that total includes 600,000 retail workers, as well as 728,000 jobs in related industries. Women and people of color have been disproportionately affected as debt-ridden retailers close thousands of stores, according to the soon-to-be-public report by six nonprofit organizations and workers’ advocacy groups, including Americans for Financial Reform and the Center for Popular Democracy.
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Private equity firms kill 600,000 retail jobs, study says
Private equity firms kill 600,000 retail jobs, study says
Over the past decade, 597,000 U.S. employees working for retailers owned by private equity firms and hedge funds have...
Over the past decade, 597,000 U.S. employees working for retailers owned by private equity firms and hedge funds have lost their jobs, while the sector as a whole added more than a million positions, according to a report by the Center for Popular Democracy and the Private Equity Stakeholder Project. The workers advocacy groups estimate that another 728,000 “indirect jobs” have disappeared at suppliers and local businesses, bringing the total casualties to about 1.3 million.
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As Puerto Rico Erupts in Protests, “La Junta” Eyes More Power
As Puerto Rico Erupts in Protests, “La Junta” Eyes More Power
“This is a moment when we have people rising up and saying they want to have power to make their own decisions,” Julio...
“This is a moment when we have people rising up and saying they want to have power to make their own decisions,” Julio López Varona, a lawyer and San Juan-based organizer with Construyamos Otro Acuerdo and the Center for Popular Democracy, told me. “People are not in the streets because they want more federal control. They are in the streets because they want a say in their future.”
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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...
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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4 days ago
4 days ago