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You may think that if you spend wisely you’ll be able to avoid huge amounts of credit card debt. But those who have this debt not only spend more frugally than those without it, they actually got into the debt in the first place because of hardships out of their control, not due to unwise budgeting
In the media
Bryce Covert
This Mother's Day, Shanesha Taylor, a 25-year old homeless and unemployed mother, will be fighting for her freedom and to keep her family together just for the simple crime: trying to feed her children. Without childcare or family support, Shanesha left her children, ages two and six-months, in a
In the media
Zachary Norris
David Tepper topped the list of best paid hedge managers for last year, pulling in $3.5 billion. That's an astonishing amount of money for one person to make in a single year -- and is larger than the annual GDP of 35 countries.
Blog
David Callahan
In F. Scott Fitzgerald’s The Great Gatsby, East Egg represents inherited wealth and privilege, while West Egg represents wealth earned through innovation and hard work, a distinction at the core of the American ideal. We have always embraced a dynamic capitalism, marked not by stasis but rather
In the media
Sean McElwee
Wallace C. Turbeville
20 years after Motor Voter went into effect, there are a few bright spots, but most state motor vehicle departments are falling down on the job.
Blog
Stuart Naifeh
“No family should work full time and live in poverty.”
Blog
Joseph Hines
Globalization has kept labor unions on the defensive for nearly forty years now. While workers are pretty much stuck where they live, corporations are able to move production around to find the lowest wages. But labor has gotten better over the years at exploiting a globalized world for its own aims
Blog
David Callahan
New York Mayor Bill de Blasio and Maryland Governor Martin O'Malley are two of the most admired progressives in politics right now. But there's a big difference between these leaders: One has lots of power and the other does not. O'Malley's power was vividly on display Monday when he signed a law
Blog
David Callahan
Sen. Elizabeth Warren introduced legislation on Tuesday to tackle the nation's over $1 trillion student loan crisis. "Exploding student loan debt is crushing young people and dragging down our economy," the Massachusetts Democrat said in a statement.
In the media
Andrea Germanos
Henry Ford famously shocked the nation in 1914 when he announced that he was doubling the wages of Ford's workers to $5 an hour. Ford's logic was that better paid American workers would become bigger spending consumers -- not only buying more Model Ts, but more of everything. Which is pretty much
Blog
David Callahan