Analyzing the enduring economic effects of youth unemployment, a new report by Demos outlines a serious job crisis, especially those with less education and individuals of color. Surveying a full year of U.S.
Washington frets endlessly over the problems that Social Security and Medicare, both of which are projected to exhaust their trust funds in the coming decades, might cause the budget. But two new reports underscore the serious problems they might solve for the country.
Take Social Security. For years, pension experts have spoken of the “three-legged stool” of retirement savings: Social Security, employer pensions and private savings. In recent years, however, that stool has begun to wobble, and today, Social Security is basically the only leg holding it up.
At moments, ”The Lessons of Watergate” conference held a couple of weeks ago in Washington, D.C., by the citizen’s lobby Common Cause, was a little like that two-man roadshow retired baseball players Bill Buckner and Mookie Wilson have been touring. In it, they retell the story of the catastrophic moment during the bottom of the last inning of Game Six of the 1986 World Series, when the Mets’ Wilson hit an easy ground ball toward Buckner of the Red Sox, who haplessly let it roll between his legs. That notorious error ultimately cost Boston the championship.
It's no secret that state governments need all the revenues they can get. Five years after the financial crisis, states are still struggling to close huge budget gaps, forcing harsh ongoing cuts to education, infrastructure, and social services. This is not a moment for states to be letting billions of dollars in revenue slip through their fingers every year by failing to tax online sales. In fact, exempting Internet purchases from sales taxes has never made sense.
As was vividly demonstrated in the 2012 election, immigrant communities are increasingly a major political and civic force. A record 10 percent of the electorate in 2012 was Latino, up a percentage point from 2008, and the Asian-American share of the electorate rose to 3 percent, still small but historic. Both groups overwhelmingly voted for President Obama, in even larger proportions than they did in 2008, proving themselves to be potent voting blocs.
You know the old saying, “He who pays the piper calls the tune?” Well, today in New York politics, the already-wealthy and powerful are paying to run state campaigns, and once candidates get into office, these donors get to call the tune. While not all of our elected officials are swayed by the power of big money, the system makes it hard for average New Yorkers to be heard in Albany.
It’s too late for Tonisha Howard, the mother of three in Milwaukee who was fired for leaving work to be with her hospitalized two-year-old. And forFelix Trinidad, who was so afraid of losing his job at Golden Farm fruit store in Brooklyn that he didn’t take time off to go to the doctor—even after he vomited blood.
The job market has been tough for older workers, but did you ever imagine that you wouldn’t land a job because of your credit report?
As I wrote about in my Forbes blog, Bad Credit Can Cost You a Job, if you’re looking to change careers, find a new job, get promoted, or just hang onto the one you have, a messy credit report can trip you up.
According to a new study by the think-tank Demos (PDF), the affluent tend to hold a different vision of a just society than the public at large, and it is that vision which tops the political agenda in Washington and in state houses across the country.