Headlines

A controversial out-of-state mining company is closer to gaining control over a 3,600-acre swath of publicly available forest near where it is planning a massive open-pit iron ore mine in northern Wisconsin. The Florida firm, Gogebic Taconite, has begun test drilling in the area and has already stirred controversy by hiring out-of-state armed security with automatic assault weapons to guard their activities. The Arizona firm was kicked out of the state after the media uncovered they were not licensed here. Now Gogebic Taconite is attempting to shut down whole forests to keep its controversial mining activities from protestors and curious eyes.

Sallie Mae has dropped its membership in the American Legislative Exchange Council (ALEC) after a student-led campaign demanding that the nation's largest student loan lender cut ties with the controversial organization. Sallie Mae is the 50th corporation to publicly drop its ALEC membership in the past year-and-a-half as the organization has come under increasing public scrutiny.

-- by Steven Rosenfeld

While thousands of fast-food workers were preparing to walk off their jobs earlier this summer to seek raises to $15 an hour, the industry's corporate lobbyist, the National Restaurant Association, was celebrating a string of political victories blocking state minimum wage increases and preempting local sick day laws.

The Washington Post's Ezra Klein reports that Larry Summers is the "overwhelming favorite" of the Obama team for the job as Federal Reserve chairman. To convince the American public that one of the chief architects of the 2008 financial crisis should be the chief regulator of the U.S. financial system, supporters of Summers have their work cut out for them.