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The New York Times editorial was unequivocal: “the [New York City] Council and Mayor Bill de Blasio should unite behind this worthwhile bill” to ban the discriminatory practice of employment credit checks. After all, as the Times pointed out, “The worst of the recession is behind us, but the damage
Blog
Amy Traub
Today’s Nobel Prize in Economics was awarded to Professor Jean Tirole for his work in industrial organization, and how to best regulate such industries that are dominated by powerful firms, like finance and technology. It’s an important recognition of this work, because the economics profession has
Blog
Lenore Palladino
Just a month before the election, voting rights have been on a wild ride. The Supreme Court began its term by reinstating voting restrictions in Ohio and North Carolina after federal appeals courts put these laws on hold for unfairly burdening voting rights, particularly for people of color.
Blog
Liz Kennedy
Six years after America sank into the deepest economic downturn since the 1930s, the jobless rate has fallen to 5.9 percent, the lowest since July 2008. But one demographic group — African-American men — seems to be stuck in a permanent recession.
In the media
Reniqua Allen
Deportations reached another record high last year. This is a striking development in light of the fact that illegal immigration and Border Patrol apprehensions have been falling for over a decade, and when — despite intransigence among some House Republicans — for several years there has been broad
Blog
Ian Haney López
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?
In the media
Rick Newman
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
In the media
John Aidan Byrne
On Tuesday, Montgomery County Council unanimously enacted a public financing bill that will both encourage participation from small donors in the county and allow civic-minded individuals to run for county office without needing big contributions. Starting in 2015, the county will match small
Blog
Seth Endo
Public colleges and universities took in $62 billion in tuition in 2013. These are schools that educate three of four American college students, and eliminating that entirely could be done just by rearranging what we already spend on student financial aid.
Blog
Mark Huelsman
This American Life’s broadcast of recordings made by a former New York Fed employee has generated a wave of interest in the issue of regulatory capture of the Fed, a sort of “Stockholm Syndrome” that affects regulators who identify with the businesses that they regulate, in this case the big banks
Blog
Wallace C. Turbeville