If the Great Depression went down in history as the great equalizer (by razing the incomes of the wealthy), the Great Recession may be known for having the opposite effect. According to a new report issued by the Congressional Research Service, the share of wealth owned by the richest 1 percent of...
America used to be a nation that made things. Walmart – the nation’s largest employer and one of our most profitable corporations – played a key role in why we no longer do. Of course, this isn’t the official message Walmart wants to promote as it breaks out the confetti to...
The recent Fed report on household wealth contains yet more evidence of how distorted and unequal the U.S. economy has become. The big headline around the study, which comes out every three years, has been that the household wealth of Americans dropped by 40 percent between 2007 and 2010, and is...
Google "was Occupy Wall Street successful" and you get millions of results. The answer depends on metrics. Was the goal of #Occupy to spur a discussion about income inequity -- no small thing -- or shine a light on perfidy of the banks? Both were undeniable outgrowths of the movement. What didn't...
As protests resume on Wall Street, some in the media are again saying that there is no coherent rationale for the demonstrations. In fact, though, these protesters have chosen the right target: a set of institutions and actors who not only played a central role in creating the financial crisis,...
Bob Herbert explained on MSNBC's "Up w/Chris Hayes" that cutting food stamps is a cruel practice. Herbert pointed out that a disproportionally large number of food stamp beneficiares are children, especially minorities.
Senior Fellow David Callahan appeared on FOX News' "The O'Reilly Factor" with Laura Ingraham and Erica Payne to call for a fairer tax rate on millionaires.
NEW YORK – A new report reveals that African Americans remain disproportionately excluded from corporate and nonprofit board membership in New York City: Of the 697 directors that sit on the boards of the city’s 25 largest employers, only 5.7 percent are black. The study, by John Morning and...
Distinguished Senior Fellow Robert H. Frank goes on The Majority Report to discuss the conflict over consumption and competition. Does competition contribute to progress? He explains Darwin’s role and the Progressive Consumption Tax, as well as his recent book The Darwin Economy.
Demos Senior Fellow Rich Benjamin goes on MSNBC's Up With Chris Hayes to discuss the social and political impact of the Trayvon Martin killing. Part Two of Rich Benjamin's appearance on Up With Chris Hayes Part Three of Rich Benjamin's appearance on Up With Chris Hayes