New Orleans More than a thousand fast food workers rallied at a convention center near O’Hare Airport in Chicago in a boisterous, morale boosting event sponsored by the Service Employees International Union in the on-going campaign for a living wage. More interesting is the ongoing effort by the union to define the employer for many …
Category: Citizen Wealth
French Fudging May Point to Coming Business Loopholes in US on Employer Mandates
New Orleans The headline in the Times spoke of “the 49ers of France,” conjuring up images of the 49ers of California Gold Rush fame, drawing me in completely. These 49ers though were small business owners who moved heaven and earth to not allow their businesses to reach 50 employees which would in the Times’ words, “unleash nearly three dozen French labor …
Wholesale Bank Retreat from Lending to Lower Income and Minority Borrowers
New Orleans The Community Reinvestment Act (CRA) passed in 1978, more than 35 years ago, was straightforward. Banks could no longer redline, meaning they could not use the deposits from lower income and minority neighborhoods to finance mansions for the rich in the sprawling suburbs. More plainly stated, they could not discriminate in their lending. …