Feb 23, 2019

Alexandria Ocasio-Cortez pledges to pay staffers a "living wage"

Rep. Alexandria Ocasio-Cortez. Photo: SAUL LOEB/Getty Images

Rep. Alexandria Ocasio-Cortez (D-N.Y.) announced on Friday via tweet that no member of her staff would make less than $52,000 a year. Salaries will top out at $80,000, significantly lower than the $154,634 median pay for chiefs of staff, according to Roll Call.

Why it matters: "It's likely one of the highest entry-level salaries on the Hill," Cortez said in her tweet. "We pinch pennies elsewhere, but it's worth every dime to pay a living wage." During the transition period after Ocasio-Cortez won her congressional seat in the 2018 midterms, she expressed her concern about being able to afford rent in D.C., where, according to Zillow, the median rent is $2,700 a month.

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#MeToo gets Weinstein

A man carries out Weinstein's walker. Photo: Johannes Eisele/AFP/Getty Images

Hollywood titan Harvey Weinstein is now a convicted rapist, two years and four months after accusations against him helped ignite the #MeToo movement.

Why it matters: To date, #MeToo has resulted in hundreds of powerful men losing their jobs. Seven have been criminally convicted, with four others still facing charges.

JPMorgan Chase to pull support for some fossil fuels

Illustration: Sarah Grillo/Axios

JPMorgan Chase said Monday that it won’t directly finance new oil and gas development in the Arctic and will significantly curtail its financing of the extraction and burning of coal.

Why it matters: JPMorgan is the world’s largest funder of fossil-fuel companies, according to a report by the Rainforest Action Network (RAN). The announcement follows similar moves by other big banks and investment firms, including Goldman Sachs and BlackRock.