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The Democratic Governors Association (DGA) recently filed a federal complaint challenging the constitutionality of several Connecticut statutes that regulate campaign expenditures made without the consent, coordination, or consultation of candidates for state office (“independent expenditures”).
The consumer advocates at the Center for Responsible Lending don’t mince words: “overdraft ‘protection’ is a racket; not a service.” CRL explains:
Transaction shuffling and multiple, exorbitant fees for small shortfalls in their checking accounts cost Americans billions per year in unfair fees. More than half of Americans are now living paycheck-to-paycheck, making a majority of U.S. families vulnerable to bank overdraft practices that are exceedingly misnamed “overdraft protection.”
I've written a few times in recent months about the breakdown of traditional employment relationships. Organizations of all kinds—mainly in the private sector, but also universities and other nonprofits—have grown super savvy about outsourcing any number of functions they used to do in-house to contractors. And, no, I'm not talking about shipping jobs to China.
This Mother's Day, Shanesha Taylor, a 25-year old homeless and unemployed mother, will be fighting for her freedom and to keep her family together just for the simple crime: trying to feed her children. Without childcare or family support, Shanesha left her children, ages two and six-months, in a parked car while she was in a job interview. In that 45-minute window, a passerby reported her unsupervised children to the Scottsdale, Arizona police who promptly arrested her on felony charges for child abuse.
You may think that if you spend wisely you’ll be able to avoid huge amounts of credit card debt. But those who have this debt not only spend more frugally than those without it, they actually got into the debt in the first place because of hardships out of their control, not due to unwise budgeting, according to a report from the think tank Demos.
In F. Scott Fitzgerald’s The Great Gatsby, East Egg represents inherited wealth and privilege, while West Egg represents wealth earned through innovation and hard work, a distinction at the core of the American ideal. We have always embraced a dynamic capitalism, marked not by stasis but rather “creative destruction,” lionizing trust-busters as heroes of competition.
David Tepper topped the list of best paid hedge managers for last year, pulling in $3.5 billion. That's an astonishing amount of money for one person to make in a single year -- and is larger than the annual GDP of 35 countries.