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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
Blog
Thomas Hedges
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
In the media
Ned Resnikoff
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
In the media
Daniela Altimari
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
In the media
Mark Pazniokas
One of the biggest problems with financial reform is having to discuss issues that most people find painfully boring. For instance, “derivatives.”
In the media
Mike Konczal
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
Blog
David Callahan
Fittingly, perhaps, Cuomo’s single biggest misstep in office can be tied to the power of moneyed interests. After fighting long and hard, the governor was forced to abandon a scheme to build a $4 billion convention center in Queens, as part of a joint venture with the Genting Group, a Malaysian
In the media
Eric Alterman
In the debate over our energy future, I keep coming back to the question of whether or not fracking can be done safely.
Blog
J. Mijin Cha
In taking on the cost of college, President Obama is going up against one the best organized special interests in Washington: Higher education.
Blog
Thomas Hedges
This morning the New York City Council will hold a hearing on legislation to guarantee paid sick days to all working New Yorkers. The measure has been pending for several years with repeated compromises to address the concerns of employers.
Blog
Amy Traub