Media

A grand canyon of inequality exists between fast food CEOs and the workers who make their corporate and personal fortunes. In the past decade, fast-food CEOs’ wages have increased more than 400 percent, while workers wages increased 0.3 percent, according to a new report by Demos.

Americans cumulatively have $854 billion in revolving loan (mostly credit card) debt, according to the Federal Reserve.

In his testimony at the Senate’s “Dollars and Sense” hearing on dark money and the impact of McCutcheon v FEC, Justice Stevens made several clear and important points about the “giant step in the wrong direction” the Supreme Court has taken on money in politics.

Here's a quick question about your retirement savings: When was the last time you checked the fees on your 401(k)?

If you're like most Americans, chances are you're not sure what exactly your plan is charging you. Even though employers are now required to disclose more information about 401(k) fees, only about half of workers said they actually noticed the data, while just 14 percent made changes after reviewing the information, according to a 2013 study from the Employee Benefit Research Institute.

At a Senate hearing today, retired Supreme Court Justice John Paul Stevens will testify about the rise of dark money and the impact of what he’s called the “grossly incorrect” decision in McCutcheon v FEC.

Today’s New York Times leads with some news that maybe, just maybe, ‘too big to fail’ for major Wall Street banks could become a thing of the past. Prosecutors are nearing criminal charges against Credit Suisse and BNP Paribas (while of course taking very, very careful baby steps to make sure that these criminal penalties would not have drastic impacts). The crimes of these banks? In BNP Paribas’ case, it’s processing transactions involving Sudan and Iran.

Today, Senate Republicans filibustered a proposal to gradually raise the minimum wage to $10.10 an hour.