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      institute for policy studies

      Traders work on the floor of the New York Stock Exchange

      US Minimum Wage Would Be $42 Today If It Rose as Much as Wall St. Bonuses: Analysis

      "The total bonus pool for 190,800 New York City-based Wall Street employees in 2022 was $33.7 billion—enough to pay for 771,520 jobs that pay $15 per hour with benefits for a year."

      Jake Johnson
      Mar 30, 2023

      The federal minimum wage in the United States would be more than $42 an hour today if it rose at the same rate as the average Wall Street bonus over the past four decades, according to an analysis released Thursday by the Institute for Policy Studies.

      Citing newly released data from the New York State Comptroller, IPS noted that the average Wall Street bonus has increased by 1,165% since 1985, not adjusted for inflation.

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      News
      Wall Street
      Tens of thousands of war protesters march down Fifth Street to voice concerns over a war with Iraq February 15, 2003 in Seattle, Washington.

      20 Years Ago Today: We Didn't Stop the Invasion of Iraq, But We Did Change History

      The global protests proved the war's clear illegality and demonstrated the isolation of the Bush administration's policies—and later helped prevent war in Iran in 2007 and the bombing of Syria in 2013. And they inspired a generation of activists.

      Phyllis Bennis
      Feb 15, 2023

      Twenty years ago — on February 15, 2003 — the world said no to war. People rose up in almost 800 cities around the world in an unprecedented movement for peace.

      The world stood on the precipice of war. U.S. and U.K. warplanes and warships — filled with soldiers and sailors and armed with the most powerful weapons ever used in conventional warfare — were streaming towards the Middle East, aimed at Iraq.

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      Opinion
      Iraq War
      Supporters of Salvadoran water defenders demanded their release in San Salvador on January 19, 2023.​

      250+ Groups Call On El Salvador to Drop Charges Against Water Defenders

      Critics warn that the Salvadoran government is "desperate for revenues" and trying to "demobilize potential grassroots opposition" to reversing a historic nationwide ban on environmentally destructive metal mining.

      Jessica Corbett
      Jan 20, 2023

      More than 250 organizations from 29 countries came together Friday to pressure the Salvadoran government to drop the charges against and release five water defenders who were instrumental in achieving a 2017 legislative ban on metal mining in El Salvador.

      Global alarm has been building since Miguel Ángel Gámez, Alejandro Laínez García, Pedro Antonio Rivas Laínez, Teodoro Antonio Pacheco, and Saúl Agustín Rivas Ortega were detained in northern El Salvador on January 11. In a case that critics call politically motivated, they are accused of murdering an alleged military informant over three decades ago and of illicit association, which the government of Salvadoran President Nayib Bukele has used to detain tens of thousands of supposed gang members.

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      News
      El Salvador
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