The Great Debate

To police Wall Street, go after the little guys

By Robert Boxwell
May 16, 2014

steinberg777

On Friday U.S. District Judge Richard Sullivan will sentence former SAC Capital Advisors hedge fund manager Michael Steinberg for his conviction in December on five counts related to insider trading. Steinberg is one of two former SAC employees whom federal prosecutors believe have firsthand knowledge of insider trading by SAC’s founder, Steven Cohen. Cohen has not been charged with any crime. Though Steinberg will likely receive a lengthy prison term, neither he nor Mathew Martoma, an SAC colleague convicted in January, is — at least publicly — cooperating with the government.

Four lessons from Seattle’s 60 percent minimum wage hike

By Pramila Jayapal
May 15, 2014

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Today, fast-food workers in 150 cities across America and 30 countries across the world are striking over what they say are low wages and unfair working conditions in order to achieve what Seattle is very close to implementing: a $15 per hour minimum wage.

I’m making $21 an hour at McDonald’s. Why aren’t you?

By Louise Marie Rantzau
May 15, 2014

mcdonalds -- topI work for McDonald’s and I make $21 an hour.

No, that isn’t a typo. It’s really my salary.

You see, I work for McDonald’s in Denmark, where an agreement between our union and the company guarantees that workers older than 18 are paid at least $21 an hour. Employees younger than 18 make at least $15 — meaning teenagers working at McDonald’s in Denmark make more than two times what many adults in America earn working at the Golden Arches.

Gitmo: Too dangerous to release? Not so fast.

By Daphne Eviatar
May 15, 2014

File photo of detainees sitting in a holding area at Naval Base Guantanamo Bay

When the National September 11 Memorial & Museum opens Thursday, we will finally have a national institution dedicated to exploring the effects of the tragic events of the 9/11 terrorist attacks.

The fight for a global minimum wage

By Christine Owens
May 15, 2014

Demonstrators gather during a nationwide strike and protest at fast food restaurants to raise the minimum hourly wage to $15 in New YorkOn Thursday, fast-food workers in more than 30 countries across six continents will take coordinated action on an unprecedented scale. In the United States, they will walk off their jobs in 150 cities — the largest strike ever. Workers around the world will join these protests in 80 cities.

from Breakingviews:

What Lagarde should’ve told Smith College’s grads

May 14, 2014

By Christopher Swann and Rob Cox
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

from Breakingviews:

FCC needs thick skin to weather its moment in sun

May 14, 2014

By Daniel Indiviglio and Robert Cyran
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

Tracking the Nigerian kidnappers

By Eliot Pence
May 14, 2014

nigeria -- candlelight vigil

Abubakar Shekau, the purported leader of Boko Haram, ignited international outrage when he announced that he would sell more than 200 of the kidnapped Nigerian schoolgirls “in the market.” Nations around the globe offered help to Nigeria.

Brown v. Board of Ed: Key Cold War weapon

By Aryeh Neier
May 14, 2014

neier top -- better!!

The U.S. Supreme Court’s unanimous decision in Brown v. Board of Education, issued on May 17, 1954, is probably the most important judicial decision in American history.

from Breakingviews:

AT&T deal dialing emits a shaky signal

May 13, 2014

By Robert Cyran
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.