Report

On March 15, 2013, the Senate’s Permanent Subcommittee on Investigations held hearings on the London Whale scandal. The indomitable and indefatigable Chairman Carl Levin, ably supported by the brilliant committee chief of staff, Elise Bean, took on six JP Morgan Chase (“JPMC”) current and former...
03/18/2013
Publication
This is the second of a series of articles, entitled “The Financial Pipeline Series”, examining the underlying validity of the assertion that regulation of the financial markets reduces their efficiency. These articles assert that the value of the financial markets is often mis-measured. The...
03/07/2013
Publication
Today, it is common for employers to look at job applicants’ personal credit history before making a hiring decision. According to a survey of human resources professionals, nearly half of employers check an employee’s credit history when hiring for some or all positions The practice is hardly...
03/04/2013
Publication
This paper offers an overview of the interplay between declining upward mobility and growing political inequality.
02/28/2013
Publication
Background Maine, Minnesota and Wisconsin adopted the practice of Election Day Registration (known as EDR) in the early 1970s. After a two-decade lull in reform activity, Wyoming, New Hampshire and Idaho passed EDR laws in the early ‘90s. We are now seeing a third wave of interest in EDR. Montana...
02/06/2013
Publication
The first presidential election since Citizens United lived up to its hype, with unprecedented outside spending from new sources making headlines. Demos and U.S. PIRG Education Fund analysis of reports from campaigns, parties, and outside spenders to the Federal Election Commission found that our...
01/17/2013
Publication
Middle-income Americans age 50 and older are carrying more credit card debt on average than younger people, according to Demos’ 2012 National Survey on Credit Card Debt of Low- and Middle-Income Households.1 That is a reversal of findings from a survey conducted by Demos in 2008. AARP’s Public...
01/15/2013
Publication
Access to a post-secondary education is a vital aspect of the American dream, allowing for equality of opportunity and a stable pathway to the middle class for all who are willing to work for it regardless of their background or socioeconomic status.  Higher education not only improves the...
12/20/2012
Publication
This is the first article in the “Financial Pipeline Series,” which will examine the underlying validity of the assertion that regulation of the financial markets reduces their efficiency. These articles point out that the value of the financial markets to the real economy is often mis-...
12/05/2012
Publication
Our nation is on the brink of a retirement crisis that could have severe consequences for both future retirees and society as a whole. The steady erosion in the voluntary employer-sponsored retirement system has made it more difficult for workers to save for retirement. This crisis will not only...
11/28/2012
Publication
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