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WASHINGTON DC — Today, Demos applauded Leader Pelosi and Representative Sarbanes for co-sponsoring H.R. 20, The Government by the People Act, new legislation aimed at raising the voices of all Americans in the political process and allowing congressional candidates to run competitive campaigns by relying on small dollar contributions.
“Everyone should have an equal say in our democracy through the principle of one person, one vote—not one dollar, one vote,” said Heather McGhee, incoming President of Demos.
Contentious presidential primaries are usually an opportunity for a party to take a long, hard look in the mirror and decide what it wants to be. But even if Hillary Clinton quashes a season of introspection by steamrollering any 2016 challengers, a possibility that looks increasingly likely if she decides to run, liberal Democrats are still confident they can make themselves heard.
Does extreme inequality make us anxious and depressed? Does it make us narcissistic and egotistical? Yes, yes, yes, and yes.
Or at least that's the suggestion of a bunch of new research studies that look at how people cope psychologically with high levels of economic and social stratification. That research is summarized in a fascinating piece on the New York Times website entitled "How Inequality Hollows Out the Soul."
In response to a declining voter turnout rate, California recently implemented big reforms to help boost the turnout rate: online registration, same day registration (SDR), and relaxing the vote by mail deadline. A recent report by the Public Policy Institute of California analyzed the impact of the changes and claims that while online registration and the relaxed vote by mail deadline were worthwhile reforms, SDR might not be.
Pennsylvania has been trying for almost two years now to download a voter ID law Republican legislators passed into something workable on the ground. They’ve failed at every turn because grassroots organizers have consistently exposed the burdens the law imposes on voters, which courts have taken seriously, and because the state has yet to find a way to administer the law without disenfranchisement being a certified outcome.
Democratic lawmakers on Wednesday applauded low-wage federal contract workers, saying their months of protest had paved the way for President Barack Obama’s upcoming executive order to raise the minimum wage for new contractors.
As long as there have been markets, people have been driven by greed to make irrational investment decisions. When enough people get in on the action, valuations -- the prices of securities -- go haywire, soaring to obscene heights and then crashing in a shower of crushed dreams.
Chasing performance, taking on excessive risk and selling at inopportune times are all as old as capital markets themselves. What is new is the modern regulatory environment and financial innovations such as high-frequency trading. Is today's stock market the same beast it was 20 or 30 years ago? [...]
In his State of the Union Address, President Obama announced a “Good Jobs” Executive Order requiring government contractors to raise the minimum wage for their lowest-paid workers to $10.10 fo