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Sick of investment advice from hacks like Warren Buffet and Donald Trump? Ask a congress member. Roll Call published their latest list of the “ 50 Richest Members of the 112th Congress” last week. Texan House Representative Mike McCaul took first place, reporting a minimum net worth of $305.46
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Jack Grauer
Four years ago today, Lehman Brothers collapsed as Hank Paulson and his colleagues made the fateful decision that free market principles demanded that at least one bank crippled by the deteriorating financial system had to be sacrificed at the altar of moral hazard. These “deciders” had no idea of
In the media
Wallace C. Turbeville
It’s time we change how we think about poverty. The newly released Census report on poverty received a lot of attention from the chattering class. But was it really deserved? There are many ways in which the rate understates poverty. The poverty line, individuals making $11,484 a year, has been used
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Joseph Hines
How a Facebook get-out-the-vote campaign can have a tangible impact on voter turnout—but only when there’s a certain sort of social component to it.
Blog
Jesse Singal
Iowa’s Democratic attorney general and Republican secretary of state made a show of solidarity last month in announcing they were fighting a lawsuit that challenges the emergency powers the secretary of state has given himself to purge registered voters he isn’t convinced are U.S. citizens. “We’re
In the media
Rekha Basu
For the magazine’s 20 th Anniversary, the September issue of SmartMoney has a long section recapping changes in American personal finance -- and on what they got right and wrong -- over the last two decades. Their historical review starts with the blunt question: Who’s responsible for your
Blog
A very different kind of organizing campaign than AFSCME’s is going on in states across the country with a single undemocratic purpose: to keep voters away from the ballot box.
In the media
Pablo Ros
Today, Ben Bernanke announced that the Fed would launch another round of $40 billion dollar a month quantitative easing, a decision that analysts expected after his pessimistic appraisal of the recovery in Jackson Hole last week. Bernanke's not only doubling down on quantitative easing, but, unlike
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Joseph Hines
Here’s one especially for the folks who, while vehemently attacking the Chicago teachers’ strike, insist that they generally love and support organized labor. Warehouse employees in southern California would greatly benefit from your outpouring of solidarity.
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Amy Traub
POLITICO led this morning with a piece arguing that Mitt Romney's clay feet on the subject of national security threaten to turn him into John Kerry. I don't quite buy the comparison, however Kerry-like Mr Romney may be in his stiffness and aloofness; Mr Romney never claimed national security as a
In the media
J.F.