Media

On Tuesday, the House Financial Services Committee voted out six bills that would make changes to the Dodd-Frank financial reform law that could have far-reaching consequences. The bank lobbyists deserve a bonus this year.

Critics of the Affordable Care Act have long been calling it a job killer. First, they claimed, companies would cut jobs altogether because of the mandate that all full-time employees must have health coverage.

If Congress doesn't succeeed in gutting SNAP benefits through the Farm Bill, which now proposes sweeping cuts to food stamps, it seems various state legislatures will do whatever they can to get that job done.  A few weeks ago, I wrote about North Carolina's proposed background checks for SNAP applicants.

The banks have systematically figured out how to rip off the government,” Lerner says. 

Part of that ripoff was the LIBOR scandal, which had a “massive consequence on everything,” according to Wallace Turbeville, a former Goldman Sachs employee and current senior fellow at nonpartisan think tank Demos.

Even with a freeze on basic pay rates and unpaid leave days and repeated attacks on the federal workforce, being a federal employee means you have a good, though as of late, a less-lucrative job.

That can’t be said by everyone in the federal workplace.

For years now, I’ve been asking myself how the federal government justifies charging students nearly 7 percent for loans when banks can get federal funds virtually interest-free (the Fed discount window rate is currently 0.75%).

Here’s one reason why Heritage’s immigration study came out the way it did: one of the co-authors of the study thinks that Hispanics have lower IQs than White Americans.

The entire social and fiscal debate ignores this monster of an issue, but it’s only a matter of time. The kids are moving back home when they graduate and can’t find work. Soon, grandma and grandpa are going to be moving in, too. There’s a reckoning ahead that policymakers and the news media haven’t begun to think clearly about — or focus the public on.

Federal taxpayers employ more low-wage workers than Wal-Mart and McDonald’s combined, a new study calculates.