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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
Blog
Wallace C. Turbeville
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
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
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 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
Demos is a public policy organization working for an America where we all have an equal say in our democracy and an equal chance in our economy. We are based here in New York City. On behalf of Demos, I thank the Committee on Civil Service and Labor for this opportunity to present testimony on Intro
Testimony and Public Comment
Amy Traub
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
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
WASHINGTON -- A bipartisan cadre of House lawmakers will move on legislation to deregulate Wall Street derivatives Wednesday, less than a week after Sen. Carl Levin (D-Mich.) released a devastating report on the multibillion-dollar derivatives debacle at JPMorgan Chase.
In the media
Zach Carter
Whatever happened to President Obama's call, in his State of the Union address, for all children to have access to pre-kindergarten education? It seems to have vanished without a trace.
Blog
Ilana Novick