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Homeless college students and the fight to escape poverty through education

Homeless college students in USA month before his 18th birthday, Jeffrey Williams found himself homeless. The condition did not come out of blue, as Williams, who was adopted at the age of four, was warned about the fact by his adoptive parents, who said they would not support him after he graduated high school.

"They kind of told me, growing up, that this would happen, but I didn't think that this was actually going to happen,” says Williams. It was the summer of 2008 and Williams, a varsity football player who had just graduated high school, had two months to go before starting college – and a spot on the football team – at Wayne State University in Detroit, Michigan.

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Walmart moms protest 'poverty' wages

Walmart moms protest shareholdersA group of Walmart workers will present demands for better pay and benefits to management at the company’s annual shareholder meeting in Bentonville, Arkansas on Friday, the activist group OUR Walmart said in a statement.

The move comes after a week of rallies across the country by labor activists, union representatives, and workers in cities including Chicago, Dayton, Ohio and Baton Rouge, La.

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McDonald's CEO: 'We Will Support' A Minimum Wage Hike

Don ThompsonMcDonald's might finally have figured out that paying its low-wage workers more would actually be a good thing for McDonald's.

McDonald's CEO Don Thompson recently suggested his company would support a bill, proposed by President Barack Obama, raising the federal minimum wage to $10.10 an hour from $7.25. Such a wage hike likely wouldn't satisfy his workers, some of whom recently stormed the company's Oak Brook, Ill., headquarters demanding $15 an hour. But it would be a noticeable shift in attitude for the world's biggest restaurant chain, which has so far been neutral as the debate about higher wages has roiled around it.

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After foreclosure crisis, renters suffer under Wall Street landlords

wall street slumlordsThe poster child for the foreclosure crisis has been a middle-income suburban family. But low-income urban renters also saw their buildings over-mortgaged at the height of the crisis, and now faceless hedge funds and nameless investors are replacing their desperate landlords — sometimes with disastrous consequences.

Six years after the foreclosure crisis helped tank the world’s economy, investors are snatching up “distressed” properties — those that are in foreclosure or facing foreclosure — and seeking to turn a profit on them. Advocates for affordable housing worry that this profit comes at the expense of tenants.

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Judge says will accept SAC Capital guilty plea

SAC guilty pleaA federal judge agreed to accept SAC Capital Advisors' guilty plea to fraud charges in the U.S. government's insider trading case against the hedge fund firm controlled by billionaire Steven A. Cohen.

U.S. District Judge Laura Taylor Swain said she will accept the plea at a Thursday hearing in Manhattan federal court.  She is also expected to decide at the hearing whether to accept SAC Capital's agreement to pay a $900 million fine in its settlement with the U.S. Department of Justice, as part of an overall $1.8 billion payout to resolve criminal and civil litigation.

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U.S. Obama signs executive order on equal pay for women

equal pay for equal workKeeping with his promise to champion women’s rights in the workplace, President Barack Obama signed an executive order Tuesday that addresses the issue of unequal pay among federal contractors. While equal-pay advocates hail the move as a victory, many also say it doesn’t go far enough.

The executive order addresses the federal government’s gender wage gap by mandating that contractors publish wage data — by gender and race — to ensure compliance with equal-pay laws. The order also prohibits contractors from retaliating against employees who compare salaries.

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Forget about the "1%." Top "0.1% pulling ahead more

wealthiest americansThe "top 1%" might be the primary target of the masses' ire and envy, but it's actually the top 0.1% who are grabbing a bigger slice of wealth.

The average household in the top 1% pulled in earnings of $1,264,065 in 2012, according to a just-released analysis by investment firm Sadoff Investment Research. That's 41 times greater than the $30,997 average income of Americans.

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