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Wall Street

Hedge Fund’s Control Over Wendy’s Goes Deep as Fast Food Chain Snubs Farmworkers

By Munira Lokhandwala
December 12, 2019

Trian Partners and its billionaire CEO Nelson Peltz dominate the board of Wendy’s. They have the power to get the fast food megachain to join the Fair Food Program, which protects the rights of farmworkers.

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Striking Chicago teachers are taking on the billionaire class that is robbing students & neighborhoods

By Derek Seidman
October 18, 2019

Striking teachers are demanding better conditions for their whole community instead of billionaire handouts.

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Una Guía para el Plan de Ajuste del Gobierno Central: Recortes a las Pensiones y Pago de Deuda Posiblemente Ilegal

By Abner Dennis
October 16, 2019

La carga del nuevo plan de ajuste de Puerto Rico recaerá sobre los retirados, mientras los bonistas de Wall Street ganarán cientos de millones.

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A Guide to Puerto Rico’s Debt Adjustment Plan: Cuts for Pensioners and Payments on Allegedly Illegal Debt

By Abner Dennis
October 16, 2019

Retirees will bear the brunt of Puerto Rico’s new debt adjustment plan with new pension cuts, while Wall Street bondholders will rake in hundreds of millions.

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GM workers strike for fair pay as executives and investors extract billions from the company

By Gin Armstrong and Rob Galbraith
September 17, 2019

Nearly 50,000 GM workers are striking for better pay and job security as executives and financiers benefit from record profits.

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Wall Street Billionaires Set to Mingle with Mike Pence at Major Financial Conference

By Gin Armstrong and Derek Seidman
September 12, 2019

Top Wall Street leaders who profit off of everything from fossil fuels to widespread austerity are set to hobnob with Mike Pence at a major financial conference.

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Wendy’s Billionaire Owner Spurns Farmworkers While Profiting Off Pension Funds

By Derek Seidman
August 29, 2019

Nelson Peltz spurns the Fair Food Program, which ensures better wages and working conditions for farmworkers, even as he oversees billions in worker pension funds.

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Wall Street, former CEO seek to get paid while Blackjewel miners wait for back wages

By Rob Galbraith
August 15, 2019

Private equity backing and self-dealing featured at the bankrupt coal firm whose workers are still waiting for pay.

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Private Prisons Now Face 87.4% Financing Gap as Banks Continue to Flee Industry

By Gin Armstrong
August 14, 2019

Eight banks have committed to ending their future financing of the private prison industry – amounting to 87.4% of the credit lines and term loans of CoreCivic and GEO Group.

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Bank of America Says It Will Stop Financing Private Prisons & Detention Centers. So Should SunTrust.

By Gin Armstrong
June 27, 2019

Bank of America, Wells Fargo and JPMorgan Chase have said they’ll stop financing private prisons and detention centers. Will SunTrust do the same?

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Buffalo Banks Are Financing the Climate Crisis

By Rob Galbraith
June 17, 2019

Buffalo’s biggest banks are lending hundreds of millions to fossil fuel companies and funding a lobbying effort against climate action in New York.

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Las Batallas de la Deuda de Puerto Rico: La Junta Demanda a Medio Mundo

By Abner Dennis
June 5, 2019

La Junta está demandando a bancos y a bonistas para recuperar miles de millones en deudas. De lograrse, este dinero podría utilizarse para servicios esenciales, como las pensiones y las escuelas públicas.

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