by on March 16, 2018
Workers at the first CVS store on the East Coast to unionize are fed up with the multi-billion-dollar corporation’s failure to sign a fair contract after more than two years of dithering — and for many, the reason for the foot dragging is clear. Joe Fontano rallies with workers and supporters on Flatbush Avenue. CVS workers on the West Coast already enjoy a negotiated UFCW contract guaranteeing living wages, health benefits, paid time off and even a retirement plan. But when members ...
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by on March 15, 2018
Members of the Coalition of Immokalee Workers are fasting to pressure Wendy’s to join a breakthrough fair-food program that’s raised wages and made workplace harassment obsolete. Workers and supporters rally outside the offices of Wendy’s board chair Nelson Peltz in New York on the first day of the Freedom Fast, March 12, 2018.  What if you were running a major fast-food chain that had to get its tomatoes from somewhere, and you came across a program that had ended sexual harassment ...
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by on March 15, 2018
Project Destined teaches kids how to value and finance local apartment buildings, and then given the opportunity to share in real profits from those properties. How do you get inner-city kids off the streets? Give them a vested interest in those streets and a stake in the property around them. That is the philosophy behind a new program that teaches teens financial literacy through investments in real estate. Kids are taught how to value and finance local apartment buildings, and then ...
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by on March 9, 2018
BREAKING: Martin Shkreli has been sentenced to seven years in prison for defrauding investors, U.S. District Judge Kiyo Matsumoto roughly splitting the difference between what prosecutors and defense attorneys had asked for. The former hedge fund manager showed little reaction to the sentence. He will receive credit for the six months he has served while awaiting sentencing. Before hearing the verdict, Shkreli addressed the court and cried as he said he was sorry and had learned from his exper...
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by on March 5, 2018
Former drug company executive Martin Shkreli may have to give up a Picasso and a one-of-a-kind Wu-Tang Clan album, after a U.S. judge on Monday ordered him to forfeit $7.36 million following his conviction of defrauding investors. Former drug company executive Martin Shkreli arrives at U.S. District Court for the third day of jury deliberations in his securities fraud trial in the Brooklyn borough of New York, U.S., August 2, 2017. U.S. District Judge Kiyo Matsumoto in Brooklyn said th...
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by on March 5, 2018
More than a dozen police wearing bulletproof vests entered the lobby of the Trump International Hotel in Panama on Monday morning and evicted the Trump Organization’s staff, a move that comes after weeks of simmering tensions over control of the property. A police officer on a motorcycle leaves the Trump Ocean Club International Hotel and Tower in Panama City, Feb. 27, 2018. The Trump Organization manages the hotel in the 70-story tower overlooking the Punta Pacifica Peninsula and ...
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by on March 5, 2018
Mona Marie's Poletic Justice studio in the Bronx is a hub for activism and self-love. BLACK WOMEN MAKING HISTORY: Mona Marie When the organizers of New York City's “Stripper Strike,” Gizelle Marie and Panama Pink, needed a place to meet last year, Poletic Justice was the obvious choice. “Why not a pole studio in the Bronx?” the studio’s owner, Mona Marie, said to me with a laugh. After the meeting, Poletic Justice regulars Marie and Pink took to social media to protest discriminat...
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by on February 24, 2018
Attorneys general of Maryland and the District of Columbia on Friday expanded their lawsuit accusing President Trump of accepting gifts from foreign and state governments, suing him not only as president but in his personal capacity as a businessman. Legal experts say the move takes the "emoluments" clause of the Constitution into uncharted legal waters, since it has been interpreted as only applying to presidents in their official capacity. "The conventional understanding is that on...
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by on February 24, 2018
A former MTA manager will be stalled in prison for almost four years for taking bribes from contractors. Brooklyn federal prosecutors say from 2009 to 2015 Talib Lokhandwala, then an MTA construction project administrator, took over $150,000 in bribes from two contractors doing jobs on subway lines. On Friday, Lokhandwala was sentenced to 46 months in prison. Lokhandwala, 64, told the contractors he'd send work their way if they kept up with the bribes — but if the flow of cash stopped,...
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by on February 21, 2018
The Domain Companies has sealed a $38 million financing package for its purchase of an industrial building in Gowanus, Brooklyn, according to an announcement from HFF, which arranged the financing. 420 Carroll Street in Gowanus Property records show that the largest share of the debt comes from CIT Bank, which contributed a $25 million floating-rate mortgage to the package. New York City-based Sherwood Equities chipped in a $13 million mezzanine loan, completing a debt package that r...
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by on February 20, 2018
One of Wall Street's most powerful 
executives is seizing the 
#MeToo moment Krawcheck and her team are working to empower women through finance. Sallie Krawcheck figured the day before the 2016 presidential election would be the perfect time to launch her newest venture, Ellevest, an investment firm specifically tailored to serve female clients. “We were going to have a female president,” Krawcheck recalled thinking at the time. As it turns out, President Donald Trump’s surprise vi...
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by on February 10, 2018
The pipeline industry is ramping up its campaign against activists. In Iowa, legislation backed by Energy Transfer Partners, the company behind the Dakota Access Pipeline, would criminalize peaceful protest. Former Iowa lawmaker Ed Fallon argues that “multiple acts of arson and vandalism against the pipeline in 2016 and 2017 provided the ostensible justification for this legislation, giving Energy Transfer Partners the cover it needed to push for a bill that has nothing to do with sabo...
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