In the News

Having a child under the age of 5 is hard enough, but in the United States, parenting comes with the added bonus of near-financial ruin.

If we don’t do something about this, the economic consequences for the country are not going to be pretty.[...]

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The financial burden of having young children can substantially lower a family’s income and increase its chances of falling into poverty.

But as children reach school age, that financial penalty decreases significantly, according to a recent study by the left-leaning public policy organization, Demos.

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A persistent racial wealth gap, waning investment in higher education and limited institutional resources are driving up the rate of borrowing at historically black colleges and universities, with 4 out of 5 undergraduates relying on student loans to finance their education, according to a new study from the United Negro College Fund.[...]

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As he's packed his proposed Cabinet with wealthy white men, President-elect Donald Trump has been criticized for assembling an administration that doesn't look like America, much less the "forgotten men and women" on whose behalf he claimed to have campaigned.

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’Tis the season to be jolly.

But not for everyone.

Happiness is a lot easier for those paid a fair wage, which apparently is not what many federal contractor employees get.

In a complaint filed Monday with the Labor Department’s Wage and Hour Division, the Communications Workers of America (CWA) said the Lionel Henderson Corp. “has misclassified and underpays workers” who are customer service representatives for the National Flood Insurance Program.

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Washington, D.C., is the latest jurisdiction to consider legislation to prevent employers from conducting credit history screens for most job applicants.

Currently 11 states, New York City and Chicago have passed legislation limiting the use of credit checks in the hiring process. The states include California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maryland, Nevada, Oregon, Vermont and Washington.

The D.C. Council is considering a bill that would bar businesses from performing credit checks on job applicants. Supporters of the legislation say credit histories can be inaccurate and indicate little about workers’ character.[...]

“Our research shows poor credit more often tells a story of personal misfortune far more convincingly than one of poor work habits,” says Amy Traub, a senior policy analyst at Demos.[...]

According to the Demos report, credit checks were never intended to be used for hiring.

D.C. Council member Kenyan R. McDuffie said he will introduce emergency legislation to bar contributions to political action committees during non-election years in an effort to close what some view as a major campaign finance loophole before the start of 2017.

“It’s important that we address the issue as soon as possible, before Jan. 1,” McDuffie (D-Ward 5) said. “There’s a lot of support for it from what we’ve seen from the public in general.”[...]

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Anyone who stood in line at a polling place or missed the registration deadline for this year’s general election will tell you: voting in New York is not easy. Even if you make it inside the voting booth, it’s easy to be discouraged when so many races are either lopsided or uncontested.

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You may have heard about proposals to privatize Social Security.

We all know the system is heading toward a dangerously low level of funds, and we know something needs to be done.

Privatization is one possible solution – an often-debated one with a long history.

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