In the News

Shantel Walker has been working on and off for Papa John’s pizza since she was in high school. The 32-year-old New York City resident says that over her 15 years at a Brooklyn outlet of the Louisville, Ky.-based pizza chain, she’s received only two raises that weren’t mandated by federal or state minimum wage hikes. Today she makes $8.50 an hour, 50 cents above the New York State minimum wage, but her employer doesn’t currently use her more than 24 hours a week.

A sudden change of fortune for 32,400 Detroit pensioners in the city’s historic bankruptcy — from the threat of draconian pension cuts to a modest reduction in lifetime benefits — could face mathematical scrutiny as the case proceeds, experts say.

In just 10 months, Detroit Emergency Manager Kevyn Orr has gone from offering pensioners double-digit percentage reductions in benefits to potentially settling for baseline cuts of as little as 4.5 percent.

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U.S. Bankruptcy Judge Steven Rhodes last week approved an agreement that has the city of Detroit paying $85 million to escape a disastrous interest-rate swap deal with two banks.

Detroit Emergency Manager Kevyn Orr, for one, applauded the decision.

“Today’s ruling is a victory for Detroiters that will help the city reinvest in the services it provides its residents and businesses,” Orr said in a prepared statement. “We’re making good progress in reaching consensual resolutions with our creditors and stakeholders.”

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A newly-released study by Demos, a think-tank, shows that there is a correlation between income and voter turnout in presidential elections. Using the 2008 presidential election as a reference for the study, Demos found that the richer an individual is, the more likely they are to vote.

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Weighing in at more than $1 trillion, student loan debt is now larger than total credit card debt. Morning Editionrecently asked young adults about their biggest concerns, and more than two-thirds of respondents mentioned college debt. Many say they have put off marriage or buying a home because of the financial burden they took on as students. [...]

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The Supreme Court just decided an incredibly important case called McCutcheon v. Federal Election Commission (FEC). The Court's ruling will allow unprecedented amounts of money to flow directly into our political system. [...]

The Supreme Court on Wednesday continued its crusade to knock down all barriers to the distorting power of money on American elections. In the court’s most significant campaign-finance ruling since Citizens United in 2010, five justices voted to eliminate sensible and long-established contribution limits to federal political campaigns.

On Wednesday, April 2, the United States Supreme Court ruled that any cap on the overall amount a person can spend to influence an election is unconstitutional. Following on the heels of the court's previous decision in Citizens United, the McCutcheon ruling will allow unlimited spending to influence our nation's political process. [...]

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Any doubts about the determination of an activist United States Supreme Court to rewrite election rules so that the dollar matters more than the vote were removed Wednesday, when McCutcheon v. Federal Election Commission was decided in favor of the dollar. [...]

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An elite class of wealthy donors who have gained mounting influence in campaigns now has the ability to exert even greater sway.

A Supreme Court decision Wednesday to do away with an overall limit on how much individuals can give candidates and political parties opens a new spigot for money to flow into ­campaigns already buffeted by huge spending from independent groups. [...]