Labor & Economy
AIG on Suing U.S. Government: “Never Mind”
According to the New York Times’ DealBook page, insurance giant American International Group announced today it will not join a shareholder lawsuit against the same federal government that had rescued it from extinction during the 2008 financial meltdown.
The suit, led by former AIG CEO Maurice R. Greenberg, is seeking $25 billion, alleging that the government’s “onerous” bailout terms prevented shareholders from making billions of dollars as the company emerged from its financial coma.
The Times noted that “A.I.G. directors faced a difficult choice.” That’s putting it mildly, as AIG found itself confronted by a PR firestorm in the days leading up to its decision, when both public and congressional outrage mounted over the company’s possible involvement in the suit. If the company joined the suit, it would have looked like the man who sues the fire department that saved him from a burning home but didn’t return to fetch his stamp collection.
Critical Audit of California’s Efforts to Reduce Homelessness Has Silver Linings
Despite Promises of Transparency, California Justice Department Keeps Probe into L.A. County Sheriff’s Department Under Wraps
The Mission to Save the World Through Regenerative Farming
On the Chopping Block: California’s Climate Program for Low-Income Housing
Climate + Young Voters = Biden Victory, Right? It’s More Complicated Than That.
Organizing the Slopes
Dispelling the Stereotypes About California’s Low-Wage Workers
The Transatlantic Battle to Stop Methane Gas Exports From South Texas
700,000 Undocumented Californians Recently Became Eligible for Medi-Cal. Many May Be Afraid to Sign Up.
Report: Banks Should Set Stricter Climate Goals for Agriculture Clients
Tried as an Adult at 16: California’s Laws Have Changed but Angelo Vasquez’s Sentence Has Not
Despite Promises of Transparency, California Justice Department Keeps Probe into L.A. County Sheriff’s Department Under Wraps
‘Every Day the Ocean Is Eating Away at the Land’
No, the New Minimum Wage Won’t Wreck the Fast Food Industry or the Economy
Critical Audit of California’s Efforts to Reduce Homelessness Has Silver Linings
Nurses Union Says State Watchdog Does Not Adequately Investigate Staffing Crisis
Economist Michael Reich on Why California Fast-Food Wages Can Rise Without Job Losses and Higher Prices
In Georgia, a Basic Income Program’s Success With Black Women Adds to Growing National Interest
Report: Banks Should Set Stricter Climate Goals for Agriculture Clients
Unionizing Planned Parenthood
CLASS WAR: The Temecula School Board Battle
Excavating the Future: Stopping AAPI Hate
Excavating the Future: Stopping AAPI Hate
Excavating the Future: Guarding the Hidden Archive
Excavating the Future: Breaking the Silence
Excavating the Future: Guarding the Hidden Archive
ILL HARVEST
Kaiser Therapists: Strike Is About Complying With the Law
‘What They Need Is Someone at Their Side’
Kaiser Therapists Say Patient Neglect Compels Them to Strike
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Latest NewsApril 3, 2024Tried as an Adult at 16: California’s Laws Have Changed but Angelo Vasquez’s Sentence Has Not
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Latest NewsApril 17, 2024Despite Promises of Transparency, California Justice Department Keeps Probe into L.A. County Sheriff’s Department Under Wraps
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Latest NewsMarch 20, 2024‘Every Day the Ocean Is Eating Away at the Land’
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State of InequalityApril 4, 2024No, the New Minimum Wage Won’t Wreck the Fast Food Industry or the Economy
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State of InequalityApril 18, 2024Critical Audit of California’s Efforts to Reduce Homelessness Has Silver Linings
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State of InequalityMarch 21, 2024Nurses Union Says State Watchdog Does Not Adequately Investigate Staffing Crisis
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Latest NewsApril 5, 2024Economist Michael Reich on Why California Fast-Food Wages Can Rise Without Job Losses and Higher Prices
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Latest NewsMarch 22, 2024In Georgia, a Basic Income Program’s Success With Black Women Adds to Growing National Interest