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Last night, the Senate Permanent Subcommittee on Investigations released a searing 300-page report on JP Morgan Chase’s London Whale episode. The bank lost at least $6.2 billion through trading credit derivatives in a business unit tasked with reducing firm-wide risk, the Chief Investment Office.

When Barack Obama won a second term in the White House in November 2012, many observers concluded that new voting ID laws hadn't had much effect on turnout. After all, the election had swung in Democrats’ favor, and young and minority voters comprised a larger share of the electorate than four years

New York City is often ahead of the national game in areas ranging from finance to art and culture, but unfortunately, according a report for the Coalition for the Homeless, it's also leading a national rise in homelessness. The number of people sleeping each night in shelters rose to 50,000 in 2012

What's all the fuss down there in Washington? Reading the news, you might think there's a huge ideological divide between Democrats and Republicans over taxes and the size of government. Unfortunately, that's not the case. Mainstream congressional leaders in both parties agree that taxes should be

My name is Wallace Turbeville. I am a Senior Fellow at Demos, a national public policy organization working to reduce political and economic inequality, advancing a vision of a country where we all have an equal say in our democracy and an equal chance in our economy. I am testifying today on behalf

Retails sales surged by a solid 1.1 percent last month, and that's being hailed as great news. But great news for who, exactly? Given the weak labor market, with millions still unemployed, it is unlikely that higher retail sales and profits will translate into higher wages for retail workers, who

More data from the 2012 election is in, and it’s tough to deny that the health of democracy and safety of your voting rights vary widely depending on where you live. That finding comes through clearly in a new report from Nonprofit VOTE, a nonpartisan group that encourages nonprofits to engage

In the discussion around our energy future, fossil fuel advocates continually claim that renewables will never be able to meet our power needs. This assertion is a self-fulfilling prophecy. The more we choose to invest in fossil fuels over renewable energy, the longer we delay our inevitable

One of the remarkable -- and depressing things -- about the low-wage economy is how small changes in wages can make a big difference. If you're a professional, you probably don't even know how much money you make an hour. But low-wage workers know, down to the penny. And what may seem like small

The most recent charge in Senator Chuck Grassley’s (R-Iowa) crusade against rising tuition costs was in late February when he criticized then nominee for Secretary of the Treasury Jack Lew for the benefits he received from New York University. They totaled $1.4 million over a period of four years.