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The average retail sales job pays only $10.09 an hour, and some retail outlets—notably Walmart, the largest private employer in the world—pay as little as $8.00 per hour. But a handful of large retail companies have made generous compensation a key part of their business models, and it seems to be

The liberal Connecticut Working Families Party and the conservative Independent Party of Connecticut probably don’t share a lot of ideological common ground. But they agree on one issue: ending the practice of cross-endorsements would be a bad idea. The two parties were part of a loose coalition of

Connecticut's experiment with New York-style fusion politics gave Democratic Gov. Dannel P. Malloy two lines on the ballot in 2010, and he needed the votes cast on both to narrowly defeat Republican Tom Foley. So, it's a little surprising that a push to end cross-endorsements is coming from one of

The libertarian wing of the Republican Party is getting stronger with each passing year, and as a result, the end of America's disastrous 40-year "war on drugs" may finally be in sight.

Last week, Professor Charles M. Jones, a noted economist at Columbia, published an opinion piece in Politico claiming to enlighten readers on the realities of high-frequency trading (or “HFT”), computer driven trading at millisecond speeds driven by complex algorithms based on complex trading

Research has shown that someone with a poor credit history is not automatically a poor job prospect. Nevertheless, millions of Americans who have emerged from the recession with medical debts or a record of late payments are at risk of being denied jobs by companies that use credit histories to

The Senate voted Friday to get rid of subsidies that “too big to fail” banks receive from what is, essentially, an unofficial insurance policy from the government. The unanimous vote, 99-0, is unfortunately nonbinding. It was an addendum to the Democrats’ 2014 budget proposal, which is not expected

Senator Musto, Representative Jutila, Senator McLachlan, Representative Hwang, Members of the Committee.  Thank you for having me here today.  It gives me great pleasure to come before the Committee on which I served for all ten years of my legislative service and with which I worked so closely in

One of the biggest problems with financial reform is having to discuss issues that most people find painfully boring. For instance, “derivatives.”

As everyone knows, the "fiscal cliff" deal raised taxes on households making over $400,000, restoring the Clinton-era top income tax rate to 39.5 percent. One fact that gets less attention, though, is that progressivity in the tax code ends right there: There is no difference in the tax rate paid by