Offering asides, recommended links, blogworthy quotations, and more, In Brief is the Northwest Progressive Institute's microblog of world, national, and local politics.
Via Deadline: “’The endgame is to allow things to drag on until union members start losing their apartments and losing their houses,’ a studio executive told Deadline. Acknowledging the cold-as-ice approach, several other sources reiterated the statement. One insider called it ‘a cruel but necessary evil.'”
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“Fueled by a growing group of city leaders, philanthropists and nonprofit organizations, 2021 will see an explosion of guaranteed income pilot programs in U.S. cities. At least 11 direct-cash experiments will be in effect this year, from Pittsburgh to Compton,” Bloomberg reports.
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“The private equity business model is to strip assets from companies that they acquire. The latest victims: retail grocery chains.”
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Freshman Democratic Congresswoman Katie Porter asked JP Morgan Chase CEO Jamie Dimon a simple arithmetic question about his employee’s pay. Representative Katie Porter joins Lawrence O’Donnell to explain why he couldn’t answer.
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“Pay your workers a decent wage and maybe you can stave off the pitchforks that are still coming for us,” writes billionaire Nick Hanauer.
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Bloomberg reports: “If Charles Dickens’s Victorian London had more income equality, Ebenezer Scrooge wouldn’t have been such a miser. That’s the implication of new research that suggests inequality makes wealthy people less generous. The study published today in the Proceedings of the National Academy of Sciences is the first to probe how inequality influences altruism.”
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