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One of the most simplistic fictions is that corporate elites are spearheading a "class war" all on their own, driving down wages to squeeze out higher profits in the name of greed. Of course, that's not actually the way modern shareholder capitalism works. Instead, most CEOs and executives -- and
Blog
David Callahan
Rep. Thomas Petri (R-Wis.) on Thursday introduced legislation to provide tax credits and deductions for political donors making small contributions.
In the media
Image
White houses rooftops
We should favor herding Americans back to the cities through whatever policy measures will achieve that goal.
Blog
David Callahan
There's been a lot of debate lately about whether Americans are starting to favor cities over suburbs in significant numbers. Every city I visit -- most recently, Lincoln, Nebraska -- I see new housing going up in downtown areas, and it's said that Millennials prefer the walkability and diversity of
Blog
David Callahan
A new report says declining revenues and bad Wall Street deals—not out-of-control spending or generous pension benefits--contributed the most to Detroit’s bankruptcy. The r eport from the left-leaning think tank Demos also accuses Emergency Manager Kevyn Orr of attacking the problem in
In the media
Sarah Cwiek
A former Wall Street investment banker is taking Detroit Emergency Manager Kevyn Orr to task for blaming the city’s financial collapse, in part, on escalating pension and retiree health insurance costs.
In the media
Chad Livengood
Declining revenue, a drop in employment and large, risky Wall Street deals are the real causes of Detroit’s bankruptcy, according to a report by Demos, a liberal public policy organization. Pension debt gets a bad rap in Detroit, but it isn’t the true cause of Detroit’s financial problems, said
In the media
Paula Aven Gladych
The official story about Detroit goes something like this: Decades of mismanagement and out-of-control spending have left the city with a crushing $18 billion in debt.
In the media
Ned Resnikoff
(NEW YORK) – Today, the Senate voted to put an end to one aspect of Washington’s gridlock by changing the rules governing the use of the filibuster for executive-branch appointees and most judicial nominations. Senate Republicans most recently filibustered three qualified judicial nominations to the
Press release/statement
Pension fund liabilities are not to blame for Detroit's descent into Chapter 9 bankruptcy protection, according to a report released Wednesday by Demos, a public policy advocacy group. Detroit's bankruptcy was caused by a decrease in tax revenue due to a population decline and long-term unemployment
In the media
Christine Williamson