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When Walmart broke the bad news to shareholders last week about declining same-store sales and cuts to their profit and sales projections, the company offered a glib explanation. "The retail environment was challenging," asserted Walmart Stores President and CEO Michael Duke. Company executives
Blog
Amy Traub
A tight labor market is the great conservative answer to the low-wage jobs crisis. If we can just get the economy booming again, the logic goes, wages will rise along with demand for low-skilled workers. Bill O'Reilly told me that earlier today, when I taped a segment at Fox on the economy. Of
Blog
David Callahan
“Demos applauds President Obama for using the bully pulpit to shine a light on the college affordability and student debt crisis facing our nation. While Congress and state legislatures have failed to lead on this issue, the President’s tour promises to help highlight the dangers of tying
Press release/statement

Until about the mid-1990s, debt was the exception, not the rule.

Policy Briefs
With today's big higher ed speech, it's becoming clearer what President Obama's most important legacy may be: He could be the guy who finally stopped runaways costs for two of life's biggest necessities: healthcare and higher education. This would be a big deal, because -- quite apart from issues of
Blog
David Callahan
The Cato Institute, a libertarian think tank, is pushing the idea that being poor and living on government benefits in America is actually living high on the hog.
In the media
John Michael Spinelli
Here's something alarming to imagine: One day, your investment advisor at Merrill Lynch doesn't show up to his job. No warning, no nothing. He just doesn't show.
Blog
David Callahan
In June, five Supreme Court Justices rolled back the Voting Rights Act, widely considered the most effective tool in preventing discrimination in our nation's history. Section 5 of the act required that certain states and localities "preclear" proposed election changes with federal officials to
In the media
We probably don’t need to be reminded that the economy is a critical problem. Yet the nation’s political conversation still founders on the question of what it is about the nation’s economic performance that is holding back the middle class and people trying to work their way into it. Into the fray
Blog
Amy Traub
Graphic artist Nickolay Lamm's remapping of Manhattan's skyline based on net wealth.
Blog
Joseph Hines