In the News

Millionaires occupy the majority of seats in Congress for the first time since ethics laws mandated personal financial disclosures, according to a new Center for Responsive Politics report.

Out of 534 members of Congress -- there was one vacant seat -- 268 have an average net worth of more than $1 million.

Fifty years ago today (January 8) President Lyndon B. Johnson used his 1964 State of the Union address to declare an "unconditional war on poverty."

What led LBJ to make such a bold move? The Cold War, the civil rights movement, and a taste for ambitious goals were all part of the mix. [...]

Betty McCray, 53, has moved around a bit in her lifetime. She’s worked as a chef, a nursing home attendant and a welder. Throughout, she says proudly, she has “worked union,” even in states with anti-labor right-to-work laws, such as Tennessee, where she moved in 2010 to be closer to her son.

Saving for retirement was once a lot easier than it is now.

Your employer offered you a pension, which guaranteed you a certain amount of income in retirement.

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A potential showdown could begin on Monday as Congress reconvenes and is expected to take up the issue of extending long-term unemployment benefits.

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Voting rights advocates are girding for a series of crucial battles that will play out over the next twelve months in Congress, in the courts, and in state legislatures. Victories could go a long way to reversing the setbacks of the last year. Defeats could help cement a new era in which voting is more difficult, especially for racial minorities, students, and the poor.

Middleclass Blacks are using credit to help cover their basic living expenses, according to a report from the NAACP and public policy research organization, Demos. In the recession’s aftermath, 79 percent of middleclass African-American households carry credit card debt. “Everybody needs credit but it should be a tool to help your economic life” said study co-author Dedrick Asante-Muhammad, senior director of the NAACP Economic Department.

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Progressives are rarely satisfied. It is part of our political DNA. There's so much injustice in the world, it's sometimes hard to feel that we're making progress. But as Chinese philosopher Laozi reminded us, a journey of a thousand miles begins with a single step.

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The New York Times reported this morning (echoing the reporting of Greg Sargent and others earlier this year) that Democrats plan to campaign on raising the minimum wage during the election season.  Aside from being good economic policy, raising the minimum wage is quite popular,

Two online freelance employment agencies -- oDesk and Elance -- have agreed to merge. The former, based in Redwood City, Calif., claims a million business customers and 5 million freelancers with nearly $47 million in funding. Elance, down the road in Mountain View, has 800,000 business customers, 3 million freelancers, and $95 million in funding. 

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