Real Economy Project

Robin Hood Storms Chase Castle and M&I Execs Get Piggish

On Tuesday, the shareholders of Marshall and Ilsley (M&I) Bank of Wisconsin "voted" to give $71 million in bonuses to failed executives as part of an acquisition deal. "Voted" may not be the right word, since CEO Mark Furlong opened and closed the meeting within the span of five minutes, allowing no discussion and no questions from the dozen or so shareholders in the room. Furlong has apparently learned Robert's Rules of Order from his friend Governor Scott Walker and the rest of the gang in the Wisconsin Capitol.

Wisconsin Protesters Weather Pessimism at May 14 Rally

Protesters took to the Wisconsin's capital once more on May 14th to prove neither pessimism nor weather could dampen their enthusiasm.

In-state tuition for allAn estimated 10-15,000 Wisconsinites gathered on the State Street steps equipped with new chants and signs protesting Walker's collective bargaining bill, education cuts, Badger Care cuts and immigrant rights. Summing up the feeling of many, one protester held a sign saying "Too Many Bad Bills for One Sign!"

The Wisconsin protests have yet to become redundant or uninteresting and continue to reinvent the very notion of protesting. The May 14 rally, sponsored by unions and the Wisconsin Wave, wasn't any different.

Phil Neuenfeldt, President of the WI AFl-CIO, warned that even though the collective bargaining bill was tied up in the courts, Gov. Scott Walker "is attempting to ram through the legislation attacking workers by incorporating it into an already extreme budget proposal."

Walker Promotes Education Privatization in D.C. Amid Protests

Teacher ProtestIt seems wherever Wisconsin Governor Scott Walker goes, protesters seem to follow. This rule held true earlier this week in Washington D.C., when Walker used his newly burnished credentials as an extremist to address a forum promoting the privatization of public schools.

The American Federation for Children (ACF) promotes school privatization and voucher schemes that take away critically needed funds for public education to fund private schools. Inside the Marriott, The American Federation for Children's "School Choice Now: Empowering America's Children" policy summit attracted voucher boosters like Pennsylvania Governor Tom Corbett and Michelle Rhee, the former controversial head of the Washington D.C. public school system. Outside the Marriott, there were around 200 protesters with signs that read "Public Education Not Privatization," "Save Our Schools," and "Vouchers Aren't the Answer."

Big Bank Backlash: From Coast to Coast People are Moving their Money

"Move Your Money" campaignAs the economy continues to sputter and new unemployment claims surge to an eight-month high, it hasn't escaped the notice of people on Main Street that the folks on Wall Street are back in the black.

According to Fortune magazine, profits of the 500 largest U.S. corporations have surged 81 percent this past year. Fortune's editors write, "We've rarely seen such a stark gulf between the fortunes of the 500 and those of ordinary Americans."

When Fortune is standing up for the workers, you know it's bad.

Scott Walker Champions State Employees?

In an alternate universe scenario, Wisconsin Governor Scott Walker released a video this week thanking Wisconsin public workers and asking the public for nominations for "public servants showing outstanding innovations, exceptional service and ongoing dedication." Just months after the governor spearheaded a bill that would take away almost all collective bargaining rights and slash benefits and pensions for unions and public workers, The Daily Cardinal reported that Walker announced May 4th a State Employee Recognition Day. "In challenging economic and budget times, state employees continue to cut costs and gain efficiencies in the delivery of essential services by utilizing taxpayer resources wisely and seeking better ways to provide high-quality services," Walker said in the proclamation."

No

Fire Fighters Turn off the Spigot

Union.jpgRemember when the fight broke out in Wisconsin over the right to collectively bargain and President Obama and a phalanx of national Democratic leaders spread out across the country fighting for the rights of American workers?

Right, we don't remember that either.

As unions battled for their very existence, the thunderous silence from Washington, D.C. did not go unnoticed by working families fighting for their livelihoods or by powerful political players. At least one organization has decided to hold a few of their former friends accountable.

The International Association of Fire Fighters, announced yesterday it would no longer be giving money to federal candidates. Rather, the 300,000-member union said it would put its energy and resources into the fight at the state level over collective bargaining.

Badgers Drown Out Mama Grizzly

Wisconsin isn't broke Fitzwalkerstan is bankruptThe wet snow and tense atmosphere did not deter thousands of people from coming to the capitol for Americans for Prosperity's Tax Day Rally. The major draw was former Alaska Governor Sarah Palin, who was announced as a speaker days before the event on Saturday. Crowd estimates vary from hundreds to thousands, but the majority of people were there to protest -- not applaud -- Palin. One local reporter paced-off the area where the majority of AFP protesters clustered and said it totaled 20 by 35 feet.

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