Private Equity Has Killed 600,000 Retail Jobs, Study Says
Private Equity Has Killed 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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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.
Read the full article here.
In North County budgets, policing most expensive line item
In North County budgets, policing most expensive line item
“Budgets are moral documents that reflect the values and priorities of our government, yet for communities of color,...
“Budgets are moral documents that reflect the values and priorities of our government, yet for communities of color, local budgets have too often come to represent their further oppression,” Jennifer Epps-Addison, co-executive director of the Center for Popular Democracy, said in a press release about a 2017 report the group published examining budget expenditures in 12 different metropolitan areas nationwide. “In the wake of constant stories of police brutality and state violence, or news of departmental corruption and malfeasance, it is past time for us to start reimagining what safety means, how it is being resourced, and who is defining it.”
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Big Banks Are Divesting From Private Prisons, Thanks to Anti-ICE Activism
Big Banks Are Divesting From Private Prisons, Thanks to Anti-ICE Activism
Major private prison firms CoreCivic and GEO Group stand to lose 72 percent — about $1.9 billion — of their private...
Major private prison firms CoreCivic and GEO Group stand to lose 72 percent — about $1.9 billion — of their private financing as major banks commit to divesting from the private prison industry under pressure from activists, according to a new analysis by the Center for Popular Democracy and other groups.
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The Fed — Yes, the Fed — Can Help Fix Inequality
“I think [Powell’s remarks] are a real vindication,” says Connie Razza, the chief of campaigns and policy at the Center...
“I think [Powell’s remarks] are a real vindication,” says Connie Razza, the chief of campaigns and policy at the Center for Popular Democracy, a liberal advocacy organization. “To have him acknowledge that lower-income communities are just entering a recovery is very important.”
Financial transparency becomes an obstacle for private prison reform
Financial transparency becomes an obstacle for private prison reform
A new report from The Center for Popular Democracy (CPD) verifies that while private prison facilities contain a range...
A new report from The Center for Popular Democracy (CPD) verifies that while private prison facilities contain a range of violations, these institutions are significantly hindered by recent banking divestments to the tune of almost $1.93 billion.
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New KPFA documentary highlights how Oakland’s unhoused face untold cycles of displacement; Plus: Protesters in Puerto Rico have given the Governor an ultimatum
New KPFA documentary highlights how Oakland’s unhoused face untold cycles of displacement; Plus: Protesters in Puerto Rico have given the Governor an ultimatum
Xiomara Caro Diaz is an organizer and activist, and a program director with the Center for Popular Democracy. She joins...
Xiomara Caro Diaz is an organizer and activist, and a program director with the Center for Popular Democracy. She joins us live from the streets in San Juan, Puerto Rico to discuss the demands for the resignation of Governor Ricardo Rosselló.
Listen to the story and read the transcript here.
Corruption, Mismanagement, and Disrespect Fuel Puerto Rico Protests
Corruption, Mismanagement, and Disrespect Fuel Puerto Rico Protests
“Joining me now to discuss the recent events in Puerto Rico is Julio Lopez Varona. He’s a Co-Director of campaigns at...
“Joining me now to discuss the recent events in Puerto Rico is Julio Lopez Varona. He’s a Co-Director of campaigns at the Center for Popular Democracy, which organizes the Puerto Rican community in the US to advocate for a just recovery for the island. He joins us today from San Juan, Puerto Rico.”
Listen to the story and read the transcript here.
Hundreds of Thousands of Protesters Expected in Puerto Rico as Gov. Ricardo Rosselló Says He Won't Resign. Here's What to Know
Hundreds of Thousands of Protesters Expected in Puerto Rico as Gov. Ricardo Rosselló Says He Won't Resign. Here's What to Know
Puerto Rican activist Julio López Varona, an organizer for the New York-based Center for Popular Democracy––one of the...
Puerto Rican activist Julio López Varona, an organizer for the New York-based Center for Popular Democracy––one of the groups behind the protests, says the protestors’ initial goal is to get Rosselló to resign, but their ultimate goal is to push to elect a government that will genuinely fight for them.
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