In the News

Like millions of retirees who assumed their companies had taken care of them, Ronald Tussey never thought that his retirement plan might be flawed.

| |

City council races seldom get the attention of their up-ballot brethren, especially on a day like today when the fate of the U.S. Senate is up for grabs. But local elected officials probably hold greater sway over decisions that directly affect your life. And their ranks tell us something important about who holds power in any community — and, equally important, who doesn't. [...]

The soaring pay of corporate chief executives is spurring efforts to pass laws to limit their compensation and close the widening gap in earnings between workers and top executives.

Such laws have been proposed in at least three states, including Massachusetts, as well as in Switzerland. Proponents have yet to succeed in enacting these measures, but they vow to keep pressing the issue. [...]

For a moment last week, it looked like Walmart CEOs were getting enlightened. The company promised to “end minimum-wage pay” for its lowest-paid sales workers and touted a plan to ‘”invest in its associate base” and maybe even offer more bonus opportunities.

For decades, free high-school education helped strengthen the middle class and generate prosperity. So isn’t it time to extend the same thinking to college?

| |

Despite Friday’s unemployment rate dropping to 5.9 percent nationally, New York City is still home to the dead-end kids.

Half of the city’s 600,000 recent college graduates are either underemployed or out of work, according to New York Fed researchers.

Most of this 50 percent are working in jobs they are overqualified for — no college degree required — and that are often low-pay, part-time and without benefits. It’s a vast jobs wasteland out there for this Millennial generation. [...]

| |

When people like me write about the middle class, it has nothing to do with envy or class warfare—two shopworn epithets that should be retired from the political lexicon. The condition of the middle class—its size, income and self-confidence—reveals the extent to which economic growth increases opportunity. When the middle class is shrinking, when incomes of middle-class families are stagnating and when the heart of American society is losing hope in a better future, then the U.S. economy is in trouble. And so is the political system. [...]

| |

How bad a problem is inequality? Are working-class people getting screwed? Should we raise taxes on the rich? Is the United States, in short, a fundamentally unfair place? These are the questions that keep awake policy analysts and fuel endless dinner-party debates. But there's one group that is not losing very much sleep over them: rich folks.

The FDIC estimates there are 10 million people living in the U.S. who do not have a bank account — that’s one out of every 13 households. Nearly 33 percent of people living in Starr County, TX can’t write a check. In one census district in Savannah, GA, over 42 percent of residents are unbanked. The unbanked are usually poor, often minorities, and find themselves shunned by banks that can’t make money off them. Typically, they end up turning to predatory check cashers and payday lenders. Many also feel a great sense of social division between themselves and those who have bank accounts.

As Montana voters head to the polls to elect a new senator and a new congressman this November, they will also decide whether it should be more difficult to cast a ballot in Big Sky Country.

 

On Election Day, Montana will host one of the country’s key voting rights battles as voters decide whether to preserve or eliminate the state’s Election Day Registration (EDR) law, which permits citizens to register (or update their registration if they’ve recently moved) when they show up at the polls.