“We’re Up to $60 Million”
It’s an unreasonably warm October day, and I’m milling about awkwardly with a handful of suits at a mixer in a small banquet hall at Newport Beach’s Pacific Club—which, according to its website, is the gathering place of choice for the “distinctive life-style of Orange County’s business and professional leaders.”
An incredible thirst suddenly overwhelms me, as I look down and see I’ve practically sweated through my cheap suit. I try my best to keep control of my decorum, but when a busser passes by with a lone Arnold Palmer on his tray, I snatch it greedily from the outstretched hands of another guest and suck the saccharine concoction down in one gulp.
The hot weather may be playing a small role in my odd behavior, but my discomfort is mainly due to the fact this is no ordinary mixer. I’ve successfully infiltrated one of the most powerful and secretive Republican organizations in the country: The Lincoln Club of Orange County.
A recent story in The New York Times, back in its business section, had important news about inequality: “Income Inequality May Take Toll on Growth.” A couple of economists at the IMF reported research (here) showing that, across many countries, periods of greater income inequality tend to be followed by slow-downs in economic growth.
This is, actually, old news. About 20 years ago the research literature already showed that inequality probably damped the economy (see pp. 126ff here). But this remains important to repeat – not just because reporting the baleful effects of inequality now has the imprimatur of the IMF, but also because so many people still resist the news; they insist instead on believing the opposite, that inequality stimulates the economy, to the benefit of everyone. And, of course, this insistence has political implications right now.
» Read more about: Growth Is the Price of Income Inequality »
Frying Pan News reporter Matthew Fleischer discussed Proposition 32 on KPFK’s Uprising program Monday morning, joining host Sonali Kolhatkar (left) and Jessica Parra-Fitch (center), who talked about Prop. 37’s attempts to get genetically modified food labeling on the books in California.
» Read more about: Matthew Fleischer Discusses Proposition 32 on KPFK »
Starting on November 10, Los Angeles will begin a one-year experiment to convert High Occupancy Vehicle (HOV) lanes, better known as carpool lanes, to High Occupancy Toll (HOT) lanes on two major freeways. Toll lanes are not new to California drivers, but this is the first time we will see these lanes on L.A.’s busiest freeways.
The HOT lanes will allow lone drivers to access the current carpool lanes on the I-10 (beginning early 2013) and I-110 (November 10) freeways by paying a toll that changes based on the current level of traffic. Drivers who utilize carpools, van pools, buses and motorcycles will continue to access those lanes for free. (For more information on all the rules and details, check out Metro’s handy-dandy FAQ page.)
Metro argues that HOT lanes will reduce congestion in the regular lanes, and that all revenue from freeway tolls will go directly to fund improvements to public transportation and roads near the freeways where tolls are collected.
» Read more about: HOT Lanes Are Heating Up in Los Angeles »
Former Los Angeles Mayor Richard Riordan is pushing a ballot initiative that would decimate city workers’ pensions and replace them with risky 401(k) plans.
Riordan is aiming more at voters’ emotions than he is at solving a budget issue. It won’t solve the city’s budget problems. If Riordan’s initiative gets on the ballot, it will only make things worse.
I’ve worked as a tree trimmer for the City of L.A. for 15 years. When thinking about Riordan’s plan, I want people in L.A. to ask themselves these questions: How is the pension I earn during my years with the city going to take food off your table or take money out of your pocket? How is my pension going to keep you from finding work or paying your rent and bills?
The answer is simple: My pension does not hurt your quality of life.
So, what’s the motivation for Riordan’s attack on retirement?
These pages are filled with stories of bad corporate actors — companies that attempt to boost profits by cutting labor costs at the expense of safe and ethical work environments. It’s a pleasure, then, to report on a multinational company’s CEO who is trying to make a difference.
Karl-Johan Persson, the CEO of H&M, recently traveled to Bangladesh, a country from which the fashion giant sources tons of textiles, to meet with Prime Minister Sheik Hasina and ask that textile workers be paid a fair wage.
The visit was pure activism as H&M does not actually own any Bangladeshi factories, it simply sources from the country. The argument Persson used with the PM is strikingly similar to that used by U.S. living wage advocates: A higher wage will be good for the country, not just workers.
Corporate Social Responsibility Newswire reports on the strategy behind the visit:
In addition to working with suppliers to increase wages,
» Read more about: A Responsible Persson: H&M's Boss Argues for Wage Hikes »
A new Frying Pan News infographic reveals the money and groups behind Proposition 32. Slide cursor over pyramid for interactive links.
» Read more about: Pyramid Scheme: Proposition 32's Power Elite »
Two weeks out from the presidential election, you may not have the epic battle between L.A.’s Chinatown community and Walmart foremost in mind. But this high-stakes conflict is nothing if not riveting, with all the twists and turns of a modern-day Chandler novel.
If you haven’t been paying attention the last few months, here’s a quick cheat sheet: In February Frying Pan News broke the story that Walmart was planning to open its first-ever Los Angeles grocery store in historic Chinatown. The prospect of the world’s largest retailer setting up shop in a neighborhood famous for its homegrown stores and restaurants prompted residents, business owners and activists to seek a temporary ban on chain stores in the area. Just as the City Council was poised to pass the ban, Walmart mysteriously – some would say suspiciously, in the wake of the corporation’s stunning Mexican bribing scandal – secured building permits for its Chinatown location the night before the Council vote.
» Read more about: Walmart vs. Chinatown: The Suspense Builds »
Big Food companies and their lobbying groups have lied to us many times. They convinced Congress to include tomato paste on pizzas as a vegetable. They say we need industrial, chemical-laden agriculture to feed the world. (Check out Anna Lappé’s new video Food MythBusters to learn that we don’t.) And Big Food has also spread the mythology that if the minimum wage is raised, food will become so expensive that none of us will be able to afford to eat out – or eat at all – again.
Yes, that’s a lie! On this Food Day 2012, our organizations are releasing a new report, A Dime a Day: The Impact of the Miller/Harkin Minimum Wage Proposal on the Price of Food. The proposed Fair Minimum Wage Act, introduced this year by Representative George Miller (D-CA) in the House and Senator Tom Harkin (D-IA) in the Senate would raise the federal minimum wage from $7.25 to $9.80 per hour over the next three years and the tipped minimum wage from $2.13 to 70 percent of the regular minimum wage.
» Read more about: What Can You Get for a Dime a Day? A Lot, Actually »