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What does $7.5 million buy you these days? If you’re Syngenta Corp, Cargill, or Monsanto it looks like it buys you a legislative rider called the “ Monsanto Protection Act,” that strips federal courts of any authority to halt the planting and sale of genetically modified (GMO) seed crops, regardless

The number of Americans age 60 and over in debt is alarming. A recent report by the AARP’s Public Policy Institute and the research organization Demos revealed that Americans over the age of 50 carried substantially more debt on credit cards — an average balance of $8,278 — than those under 50

I've been writing about economic inequality for over a decade and, at this point, it's pretty hard to be shocked by new data. But David Cay Johnston has just crunched some numbers that will surprise even the most jaded observers of the widening gap between the Haves and everyone else.

Medicaid expansion for low-income Americans just can't catch a break, even with tentative support (or just giving in) from unexpected conservative corners, including Florida Governor Rick Scott. Yesterday, Representative Matt Salmon (R-Arizona), and five other lawmakers backed the Medicaid Expansion

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.

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

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

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

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

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