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    • How Temps Who Power Corporate America Are Getting Crushed

      By Bernice Napach | Daily Ticker – Thu, Jun 27, 2013 11:35 AM EDT

      In an economy where job growth has been sluggish four years into an economic recovery, one type of job continues show strong growth: temporary employment.

      A special investigative report from ProPublica found that there are more temporary workers than ever—2.7 million, according to the latest jobs report. And as many as 13 million people seek temporary employment annually, or 1 in 10 workers, according to the American Staffing Association.

      Michael Grabell, the reporter who wrote the story "The Expandables: How the Temps Who Power Corporate Giants are Getting Crushed," tells The Daily Ticker that blue-collar jobs account for almost all the growth in temp jobs.

      The reasons: companies save money and increase their flexibility. “Many of the temps working in the blue collar economy are making minimum wage or close to minimum wage… and don’t get health benefits,” says Grabell. “They rarely have retirement plans… they have unpaid hours of waiting and there are safety issues.” Temp workers on

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    • Did the Fed just torpedo the muni bond market?

      Maybe so. June looks like it will be one of the worst months for the municipal bond market in years. To put it in perspective, see what's happening in Illinois: The recent interest rate spike will cost the state $130 million over the next 25 years -- and that's for just one new borrowing. On top of that, many cities and states, including Philadelphia and Georgia, have delayed sales of new bonds because of the deteriorating muni market, The New York Times reports.

      So the pain will be felt across the U.S. -- in states that have navigated the choppy waters of the recession, even prospered (see Texas and North Dakota) and in states like Illinois and New Jersey, that are already in dire financial straits.

      Related: Did Bernanke Just Kill the Housing Recovery?

      It's really a crisis that could effect so-called "red" and "blue" states equally. And that brings us to analyst Meredith Whitney, who has been warning about municipal defaults for years

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    • Chip Starnes, the American executive held hostage by his Chinese workers since last Friday, has been released and is on a plane headed to Newark International Airport.

      Starnes, who co-owns Florida-based Specialty Medical Supplies, was on lock-down in his factory in Beijing's northeastern district of Huairou over a pay dispute with employees. His Chinese workers blocked the factory's doors and gates, refusing to release Starnes until he paid them severance packages. On Thursday Starnes and a labor representative said an agreement had been reached.

      In an interview with CNBC earlier this week, Starnes said he had tried to walk out of the factory but was thwarted by employees.

      "They locked arms and walked in front of me to keep me from leaving," he said behind the bars of a window of his 10-year-old factory. The employees think "if I leave, I won't come back, the factory will shut down and they won't get severance packages."

      The factory workers believed Starnes was shuttering

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    • Scandal Will Cost Paula Deen Over $10 Million, Says Crisis Manager

      By Nicole Goodkind | Daily Ticker – Wed, Jun 26, 2013 12:31 PM EDT

      Paula Deen's teary-eyed defense on this morning’s Today Show wraps up a week of controversy that will cost the former Food Network star an estimated $4.5 million, according to Forbes. But the financial toll on Deen's empire will grow.

      Wal-Mart just announced today that it is cutting ties with Deen. Dave Tovar, a spokesperson for the company, said Wal-Mart will not place "any new orders beyond what's already committed." Deen has sold a variety of branded products from grocery items to health products at the world's largest retailer since 2011. And Caesar's also announced on Wednesday that Deen's name is being stripped from four buffet restaurants it owns.

      “She will never be whole again,” says Howard Bragman, Vice Chairman of Reputation.com and a long-time crisis manager. “You just can’t say it’s a one-time hit of $3 or $4 million dollars, I think it’s much more than that. I think its tens of millions of dollars when you look at it over time.”

      In the Today Show interview Matt Lauer

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