Did Trump give us our most progressive Fed Chair yet?
Yellen nonetheless came in for some heat over it. Activist groups like Fed Up were beginning to take the case directly to Fed officials that…
...
Yellen nonetheless came in for some heat over it. Activist groups like Fed Up were beginning to take the case directly to Fed officials that…
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How Wall Street’s Investment in Retail Killed 600,000 Jobs
How Wall Street’s Investment in Retail Killed 600,000 Jobs
Wall Street is destroying retail jobs, according to a new study from the Center for Popular Democracy. The report found that private equity’s investment in retail has led to the direct elimination...
Wall Street is destroying retail jobs, according to a new study from the Center for Popular Democracy. The report found that private equity’s investment in retail has led to the direct elimination of 597,000 jobs in the past decade and that am estimated 728,000 people have lost their jobs as an indirect result of firms’ investments.
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Is private equity ownership killing retail?
The report was researched and written by Jim Baker (Private Equity Stakeholder Project), Maggie Corser (Center for Popular Democracy), and Eli Vitulli (Center for Popular Democracy).
...
The report was researched and written by Jim Baker (Private Equity Stakeholder Project), Maggie Corser (Center for Popular Democracy), and Eli Vitulli (Center for Popular Democracy).
Read the full article here.
New Study, Proposal From Elizabeth Warren Scrutinize Retail's Private Equity Problem
New Study, Proposal From Elizabeth Warren Scrutinize Retail's Private Equity Problem
The Center for Popular Democracy, Americans for Financial Reform Education Fund, Strong Economy for All Coalition, United for Respect, Hedge Clippers and the Private Equity Stakeholders Project co...
The Center for Popular Democracy, Americans for Financial Reform Education Fund, Strong Economy for All Coalition, United for Respect, Hedge Clippers and the Private Equity Stakeholders Project co-authored the report, which found that 1 million jobs remain at the 80 largest private equity-owned retail companies.
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The Weekend Pitch: Private equity has taken its share of hits this year
The Weekend Pitch: Private equity has taken its share of hits this year
Dubbed "Pirate Equity: How Wall Street Firms are Pillaging American Retail," the report from the Center for Popular Democracy and the Private Equity Stakeholder Project provides an array of...
Dubbed "Pirate Equity: How Wall Street Firms are Pillaging American Retail," the report from the Center for Popular Democracy and the Private Equity Stakeholder Project provides an array of sobering numbers about the effects of PE-backed retail failures.
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New Study Examines The Role Of Private Equity In Dismantling Retail Businesses
New Study Examines The Role Of Private Equity In Dismantling Retail Businesses
A new study shows that private equity firms have hastened the failure and liquidation of retail businesses. Host Scott Simon talks with its co-author, Maggie Corser.
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A new study shows that private equity firms have hastened the failure and liquidation of retail businesses. Host Scott Simon talks with its co-author, Maggie Corser.
Listen to the story and read the transcript here.
Private Equity Should Stop Profiting From Immigration Detention Centers And Private Prisons
Private Equity Should Stop Profiting From Immigration Detention Centers And Private Prisons
According to Charles Khan of the not-for-profit Center For Popular Democracy and Hedge Clippers, "The Stop Wall Street Looting Act would create strong new rules for private equity and hedge funds...
According to Charles Khan of the not-for-profit Center For Popular Democracy and Hedge Clippers, "The Stop Wall Street Looting Act would create strong new rules for private equity and hedge funds centered on economic fairness and community needs, not billionaire greed. Our communities are fed up with Wall Street destroying our jobs, caging children and families for profit, pillaging our neighborhoods, and corrupting our government. This bill will make a real difference for Black, Brown and White working people across the country."
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The workers bearing the brunt of retail’s struggles? Primarily women and people of color.
The workers bearing the brunt of retail’s struggles? Primarily women and people of color.
Bankruptcies, of course, also meant layoffs, including 33,000 at Toys R Us last summer and 16,000 at Payless this spring. And these layoffs, according to the report’s co-authors, a coalition of...
Bankruptcies, of course, also meant layoffs, including 33,000 at Toys R Us last summer and 16,000 at Payless this spring. And these layoffs, according to the report’s co-authors, a coalition of progressive nonprofit groups including United for Respect and the Center for Popular Democracy, have disproportionately affected women and people of color, who are more likely to work in the sectors most affected, including apparel and general merchandise.
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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, according to a study released this week by the Center for Popular Democracy...
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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LBOs Make (More) Companies Go Bankrupt, Research Shows
LBOs Make (More) Companies Go Bankrupt, Research Shows
Similarly, research published by worker groups including the Private Equity Stakeholder Project and the Center for Popular Democracy claimed that, over the past ten years, private equity firms...
Similarly, research published by worker groups including the Private Equity Stakeholder Project and the Center for Popular Democracy claimed that, over the past ten years, private equity firms were directly and indirectly responsible for 1.3 million lost jobs.
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