SpeakOut is Truthout's treasure chest for bloggy, quirky, personally reflective, or especially activism-focused pieces. SpeakOut articles represent the perspectives of their authors, and not those of Truthout.
Okay, there are a few hundred people who believe that the tens and hundreds of millions of dollars pocketed by CEOs reflect their worth in the market. (And most of those people write for newspapers or teach in business schools.) The rest understand that CEOs get incredibly rich by being able to rip off the companies that they supposedly work for. This is because the rules are rigged to give them effective control over the company.
Gretchen Morgenson has a good piece explaining one way in which CEOs and other top management rig the deck. Her column today talks about a Delaware court ruling that allows companies to write by-laws that make shareholders pay the company's legal cost if they lose a case filed against the company. For example, this could mean that if shareholders sued a company because it rewrote the strike price on options given to an incompetent CEO, and then lost the case, then the shareholders would have to pay the company's legal expenses.(Most U.S. companies are chartered in Delaware, so this ruling makes a big difference.)
Trenton—Advocates across the state have launched a campaign to support Public Question No. 1 on November 4th. Public Question No. 1 asks voters to change the New Jersey Constitution to give judges the ability to deny bail to dangerous suspects and will usher in comprehensive bail reform in New Jersey.
The proposed Constitutional Amendment also authorizes the Legislature to pass laws to operationalize the amendment—an important action that the Legislature has already accomplished. At the same time that the Legislature passed the resolution to put the bail reform question to the voters, it also passed, with bi-partisan support, groundbreaking legislation to comprehensively reform New Jersey's broken bail system. This legislation only goes into effect if the Constitutional amendment on the ballot wins a majority on November 4th.
A UN body that tracks forced disappearance has reiterated its call to Yemen to produce a US citizen who has been missing from a prison in the country for nearly nine months.
Sharif Mobley, a father of two from New Jersey, was last seen by lawyers from legal charity Reprieve on 27 February 2014, as he awaited trial at Sana'a's central prison. When they returned three weeks later, they were told that Mr Mobley had been transferred to another, secret location. All attempts by Mr Mobley's family and lawyers to trace him have since failed.
California's Department of Food & Agriculture (CDFA) just published a draft plan that would allow the CDFA to spray any pesticide anywhere, at any time, for any pest, with no opportunity for public input – indefinitely.
Under the guise of its mandated mission to prevent the introduction and spread of injurious insect pests, plant diseases and noxious weeds in California, this overarching, dictatorial proposal is clearly an insidious covert ploy to overtly destroy organic farming in the state of California, an egregious assault on public health and a racket. It is an irresponsible, unconscionable mandate for chemical toxin industrial manufacturers to sell and apply poisons - cancer causing, pollinator- bird- and bee-killing pesticides and herbicides throughout the state of California, and a trial run to, if successful, apply the same toxic martial spraying laws across the entire United States.
As the Ebola outbreak continues to dominate headlines, so too do the stories of health care workers fighting to contain the disease. The climate crisis is morphing into a public health crisis, forcing nurses to join the ranks of other workers on the front lines of climate change: firefighters battling ever more destructive fires, farmers struggling to coax crops from drought-ravaged fields, fishermen hauling empty nets from warming waters. The nature of work is changing and we're not prepared.
For nurses, the risks became strikingly clear when news leaked out that Amber Vinson and Nina Pham, two nurses at Texas Presbyterian Hospital in Dallas, had contracted Ebola while caring for Thomas Eric Duncan, a Liberian national infected with the disease. While both nurses thankfully recovered, their situation highlights nurses as a new generation of "climate workers" exposed to expanding dangers on the job.
In the home of the Free Speech Movement at the U.C. Berkeley campus, students got a rude awakening when what they describe as an administrator "with clear political motivations" shut down the Beehive Collective's art project on drought and Proposition 1, Governor Jerry Brown's $7.5 billion water bond.
The Post is really angry that people are talking about the rich getting everything at the expense of everyone else. It demands in the headline of an article, "stop with the fiction of a binary economy."
Actually, nothing in the article really gives us much reason to question the reality of the binary economy that many economists have written about. For example, it tells readers:
"The jobless rate in the center of the United States from North Dakota to Texas is less than 5 percent and has been well below the national rate for five years."
Washington, D.C.- Dilma Rousseff’s victory in presidential elections no doubt signals a desire from voters to see the past decade’s economic and social gains continue, Center for Economic and Policy Research Co-Director Mark Weisbrot said today. With 98 percent of the votes counted, the Workers Party’s (PT) Rousseff was declared the winner with 51.4 percent of the vote over challenger Aécio Neves of the Social Democrats (PSDB), who had 48.5 percent.
“It really should never have been close,” Weisbrot said. “The Workers Party governments have delivered on clear economic and social gains since they first came to power in 2003, and voters apparently want those gains to continue. Even with the recent recession, and taking into account the financial crisis and Global Recession of 2008-2009, there has been average annual per capita GDP economic growth three times that of the previous PSDB administration.
The Coalition of Immokalee Workers (CIW) has officially released a Fair Foodlabel to help shoppers identify which tomatoes come from ethical farms.
The label will be available to all grocery stores and restaurants that participate in the Fair Food Program. Participants in the Program pay a small premium when they buy Florida tomatoes, with the premium going to increase wages for farmworkers. They also commit to a worker-created Code of Conduct to ensure safe working conditions and prevent forced labor, sexual harassment and child labor in the fields. The Fair Food Program has been called “the best workplace monitoring program in the US,” in the New York Times and “one of the great human rights success stories of our day,” in the Washington Post.