By David Goldstein “On Tuesday’s Daily Show, host Jon Stewart talked stock buybacks with New York City Mayor Bill de Blasio, both agreeing that reining them in would contribute toward reining in income inequality. And when you see a wonky issue like this…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
The Fed’s low rates may be harming the middle class
By Rick Newman “There was certainly a time and place for it: Most economists credit the Federal Reserve’s super-low interest rate policy, in effect since 2008, with reviving shell-shocked financial markets and breathing life back into the economy.”… [Click HERE…
Corporate stock buybacks take off, leaving workers in the dust
By Michael Hiltzik “One doesn’t have to look very far to answer the question of why the fortunes of ordinary American workers continue to stagnate while corporate profits and the stock market are doing so well. Just check out the latest figures…
Innovation boon or middle-class doom?
By Andrew Soergel ” U.S companies’ cash reserves have skyrocketed in recent years, thanks in part to near-zero interest rates keeping capital expenses and corporate expansions more affordable since the Great Recession.”… [Click HERE to read the full article]
McDonald’s workers march to corporate headquarters
By Stephon Johnson “Last week, 5,000 McDonald’s workers made their way to the company’s headquarters in the largest ever protest at the annual shareholder meeting. Cooks and cashiers voiced their anger over a lack of increase in wages that forces…
Big firms increasingly resort to ‘corporate cocaine’
By Steve Denning “A new study by S&P Capital IQ, announced now in the Wall Street Journal, shows that public companies continue to sharply increase their spending on share buybacks and dividends, while decreasing spending on investment.”… [Click HERE to read…
Why stock buybacks are good for the economy and the Country
By Greg Satell “Self-interest has always been a primary tenet of capitalism. As Adam Smith famously wrote, “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to…
Hit-and-run shareholders like Carl Icahn eat at Apple’s core
By Eric Reguly “Carl Icahn had absolutely nothing to do with Apple Inc.‘s phenomenal success, yet he wants to loot its treasure for his own gain. Sadly, Apple is complying. The company’s new strategy is, apparently, to reward short-term investors, not…
Why we are marching on McDonald’s
By Rev. William Barber and Rev. Rodney Williams “In 1967, Martin Luther King Jr. said: “We must rapidly begin the shift from a ‘thing-oriented’ society to a ‘person-oriented’ society. When machines and computers, profit motives and property rights are considered more…
5000 workers descend on McDonald’s shareholder meeting
By Jack Temple “Marching behind a giant banner that read, “McDonald’s: $15 and Union Rights, Not Food Stamps,” 5,000 cooks and cashiers massed at the company’s corporate headquarters Wednesday to kick off the largest-ever protest to hit the burger giant’s annual shareholder…
