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U.S. Securities and Exchange Commission
Quick Hit
by Aaron Cynic
6:48pm
Tue Mar 24

Activists Rally Support For 'A Financial Plan That Puts Chicago’s Communities First'

Community activists say they have an alternative plan for making Chicago fiscally solvent -- and it doesn't rely on cuts that disproportionately affect low- and middle-income people. 

A new report, "Our Kind of Town: A Financial Plan that Puts Chicago's Communities First," targets "predatory financial deals" that cost the city millions of dollars. The paper, crafted by the Refund America Project at the Roosevelt Institute, also suggests a series of progressive taxes could put millions back into the city's coffers.

"What we have is a priorities crisis," said Amisha Patel, executive director of the Grassroots Collaborative at press conference outside the offices of Loop Capital Management. "For decades, budgets in Chicago have been balanced on the backs of working families. In fact, there are a clear set of policy solutions to raise a progressive revenue that our neighborhoods need."

Quick Hit
by Ashlee Rezin
12:28pm
Wed Jul 16, 2014

Consumer & Immigrant Rights Advocates Submit New Complaints Against Herbalife (VIDEO)

Days before the kick off of the annual Herbalife Extravaganza in Chicago, two former independent distributors from the Chicago area filed new complaints with the Illinois Attorney General’s office, claiming the nutritional products company operates a pyramid scheme that exploits Latino immigrants.

“Herbalife is in Chicago this week for a major conference, where they celebrate what they call their success and what we call a detriment to the Latino economy here in Illinois,” said Omar Duque, CEO of the Illinois Hispanic Chamber of Commerce.

Duque joined about half-a-dozen other consumer and civil rights advocates on Tuesday to submit the complaints on behalf of the former independent distributors to Illinois Attorney General Lisa Madigan’s office at the James R. Thompson Center, 100 W. Randolph St. in Chicago.

The total number of Herbalife complaints submitted to the attorney general’s office reached 20 on Tuesday, according to the League of United Latin American Citizens (LULAC), the group spearheading the campaign.

Quick Hit
by
4:33pm
Wed Mar 5, 2014

Guest Post: McDonald’s: Rising Inequality Could Spur Higher Wages

The following is from the Workers Organizing Committee of Chicago and the Fight for 15 campaign.

In its annual 10-K filing with the Securities and Exchange Commission, McDonald’s, for the first time, admitted that it could be forced to raise wages due to increased focus on income inequality.

The company said that its results and financial condition could be affected by “the long-term trend toward higher wages and social expenses in both mature and developing markets, which may intensify with increasing public focus on matters of income inequality.”