Tag Archives: Congress

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Low Wages? Low Sales.

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The Middle Class Squeeze Is Worrying Big Retailers, Too

Earlier this month, CAP released a report highlighting how squeezed middle-class Americans have become. That report showed that while the cost of attaining middle class security has increased by over $10,000 since 2000, wages for most Americans have remained stagnant.

The cycle of economic stagnation—low wages, leading to weak demand, leading to slow growth, leading again to low wages—is not only hurting America’s hard-working citizens, but it is also hurting businesses where those workers might spend their money and in turn boost the entire US economy. Wall Street is finally starting to get it: Standard & Poor’s has issued a report saying that inequality is holding back economic growth and Morgan Stanley has warned investors that stronger wage growth is critical to our economic growth.

A new CAP report released today provides further evidence that this squeezed middle class weakens our entire economy, hurting both businesses and the consumers who support them. The report, ”Retailer Revelations,” looked at the financial reports of the top 100 retailers in America and statements of Wall Street’s top economists about the outlook for the country’s biggest retailers. The consensus: trickledown economics is not working.

It has taken more than five years for retail spending per person to reach its prerecession level in the United States and business have begun to realize the impact that is having on their bottom line. Using new information to show the impact middle-class stagnation has had on the economy, the report demonstrates that businesses’ support for economic policies that grow the middle class would directly benefit their own business.

Here are some key findings:

  • Eighty-eight percent of the top 100 US retailers consider weak consumer spending a risk to their stock price.
  • Sixty-eight percent cite falling or stagnant incomes as a risk to their stock price — roughly double the percent that cited them in 2006.
  • Fifty-seven percent cite rising costs of essentials like housing, healthcare and energy, as risks to their stock price, further showing the middle class squeeze.
  • Wall Street economists even argue that low wages drive low demand and high unemployment.
  • Retailers could see their bottom line increase by supporting a growth-oriented agenda with policies such as a minimum wage increase.

BOTTOM LINE: America’s biggest retailers have realized that when the middle class loses, everyone loses. It’s time conservative lawmakers and pundits realized it too. An economy that works for everyone is an economy that grows from the middle out.

~ politics petitions pollution and pop culture

Día de Reyes: A Time for Friends, Feasts, and Food Safety


rice and chicken

Celebrated in January … Some on the 5th , 6th and or the 10th

Nothing brings people together like the Holidays, or Navidades for Spanish speakers.  Día de Reyes (Three Kings Day) would not be complete without some excellent eats. Many Hispanic-Americans have a favorite dish during this special season – from lechón topasteles to tamales to atole.

Nothing brings a party down like poor food safety though. No one wants to be down for the count during this time of the year–think of all the parties that will be missed! And you don’t want to be responsible for getting your guests sick either

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Goodbye, Colbert Report


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On Its Final Day, Remembering Some Of The Colbert Report’s Best

The final episode of “The Colbert Report” airs tonight, as its host Stephen Colbert moves on to succeed David Letterman as the new late night host on CBS. In the move, Colbert is retiring the hilarious, ridiculous, and lovable conservative pundit that hosted his show. In his honor, we wanted to share with you some of our favorite Colbert moments:

  • The Colbert Super PAC, “Americans for a Better Tomorrow, Tomorrow.” In one of the best examples of the comedian’s humor to actually educate people about an important civic issue, Colbert’s efforts earned him a Peabody award, over $1 million in donations, and some pretty hilarious bits.
  • When Colbert interviews Jane Fonda and Gloria Steinem about their new feminist radio station — while the three of them make an apple pie.
  • Former Arizona Senator Jon Kyl landed himself in some hot water after saying that abortion services are “well over 90 percent of what Planned Parenthood does.” Abortion is actually just 3 percent of Planned Parenthood services, and when Kyl was corrected a spokesman said the Senator’s comment was “not intended to be a factual statement.” Enter Colbert.
  • Pretty much any time Colbert went head-to-head with Bill O’Reilly.
  • Colbert’s Congressional testimony — in character — about the plight of migrant farm workers. “I don’t want a tomato picked by a Mexican. I want it picked by an American, sliced by a Guatemalan . . . and served in a spa where a Chilean gives me a Brazilian.”
  • After Daft Punk cancelled their appearance on the Report, Stephen gathered some of his friends — including Bryan Cranston and Jimmy Fallon — to do their own rendition of the musical group’s summer hit, ‘Get Lucky.’
  • Any of Colbert’s “Better Know A District” segments — but perhaps most importantly when Nancy Pelosi rode a BMX bike.
  • Colbert’s appearance as the host of the White House Correspondents’ Dinner in 2006: “To sit here at the same table with my hero, George W. Bush. To be this close to the man! I feel like I’m dreaming. Somebody pinch me. Actually, I’m a pretty sound sleeper, that may not be enough. Somebody shoot me in the face.”
  • That time when Colbert and Jon Stewart staged the Rally to Restore Sanity and/or Fear. Hundreds of thousands of people attended the rally on the National Mall in Washington, D.C.
  • Colbert’s moving, tearful tribute to his late mother. The comedian knew how to be serious, too.

Thanks for nine years of giving us the most low-class, bloviating, hypocritical, obnoxious, arrogant — and all-around amazing — coverage of important progressive issues and so much more. We don’t know what to expect from the new show, but we aren’t expecting anything less.

PS: Want a taste of what Colbert is like out of character? Here he is talking to the Yale Daily News, with Yale student and former CAP Action intern Cody Pomeranz as the interviewer!

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The 114th


VoteVets.org

This afternoon, members of the 114th Congress of the United States will swear to support and defend the Constitution against all enemies … an oath that begins with the same words the Oath of Enlistment begins with for most military men and women.

But this is a different Congress — a wave swept in a number of new Tea Party Representatives and Senators hell-bent on rolling back progress on veterans’ issues at home and escalating our military involvement in wars abroad.

Before the new Congress is sworn in, we want to know what are the issues you’re most passionate about in 2015. Let us know here.

Out of 535 members of the new Congress, only 25 have served in Iraq or Afghanistan, and only 100 have served at any time. That’s down from a time not too long ago when a majority of Representatives wore the uniform at some point in their lives.

With more Tea Partiers and fewer members who have served, that makes protecting veterans’ health care more difficult, preventing further escalation in Iraq and Syria more challenging, and enacting programs to help veterans to transition at home after returning from abroad so much more important.

Your priorities are our priorities — let us know the issues you’re most concerned about here:

http://action.votevets.org/priorities

Of course, we’ll continue working towards electing more veterans in 2016. There are a number of veteran leaders consider Senate and House runs that we’ll be following closely.

Thanks for standing with us.

Jon Soltz
 Iraq War Veteran and Chairman
 VoteVets.org

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Supporting Millennial Entrepreneurs
Calvin W. Goings

Regional Administrator Calvin Goings

Supporting Millennial Entrepreneurs

Millennials, born between 1980 and the mid-2000s, are the largest generation in the United States, representing one-third of the total U.S. population in 2013. Millennials are a technologically connected and diverse generation. Their unprecedented enthusiasm for technology has the potential to spark change in traditional economic institutions and the labor market.

The priority that millennials place on creativity and innovation make them an important economic engine for the U.S. economy.  Millennials were born to be entrepreneurs.

In Region 10 we’re making millennial entrepreneurship interest a reality. With the help of Small Business Development Center (SBDC) counseling, millennial entrepreneur Nathan Graham Sleadd, was able to jumpstart his business, Sleaddadventures, LLC.  Starting with annual sales of $100,000 in 2008, Sleaddadventures employs 7 full-time and 2 part-time employees and generates over $300,000 of payroll that cycles through the local economy.

Research shows that more than half of millennials are interested in starting their own business.  That’s why the U.S. Small Business Administration (SBA), recently announced the My Brother’s Keeper initiative for millennial entrepreneurs. It’s a new federal outreach and education campaign to help America’s millennials become what SBA calls “enterprise-ready”.

The My Brother’s Keeper initiative was launched to address persistent opportunity gaps faced by young people of color. The President’s new economic opportunity agenda for millennials creates new policies to support this generation, to ensure that all young people can overcome challenges and achieve their potential.

At the SBA, our message to millennials is clear. It’s a message of inclusion and possibility to help jumpstart their small business potential, wherever their talents and interests lie. Overall, we want to help millennials start, grow, and succeed as small business owners.

Entrepreneurship can be the answer if your question is “What’s next for me?” If you’re a potential millennial entrepreneur or know someone who is, visit www.sba.gov/young to learn more.

I hope you have found this information useful.  Please feel free to forward this to your friends and colleagues. If you have comments or questions for me, please contact Connie Marshall in my office at connie.marshall@sba.gov. To visit our regional website click this link.
Sincerely,
Calvin
CALVIN W. GOINGS

U.S. Small Business Administration