Media

The Senate Permanent Subcommittee on Investigations hearing and 300-page report (plus 200 pages of exhibits) on the London Whale is now being digested by the public and spun by JP Morgan Chase. The bank lost $6.2 billion and survived easily because of its immense size.

When Vernardo and Claire Simmons-Valenzuela married, they imagined all the trappings of a middle-class life. Soon enough, they had kids. Claire finished a master's degree. They held jobs as an Army medic and a physician's assistant. They dreamed of next steps: owning a home, taking their first vacation in years. Vernardo would return to school for a bachelor’s in nursing. But when payments for the couple's $187,000 in combined student loan debt came due, most of it accrued during Claire’s graduate education, they put those dreams on hold.

Governor signs HB1339, changes law that required some counties to dilute the votes of county residents who did not live adjacent to a prison

Imagine you’re a finance lobbyist and want to move deregulation and other industry-friendly policies through Congress. While you might think the House Financial Services Committee would be the logical place to do it — since it has jurisdiction over financial issues, naturally — what if there were a sneaky way to maneuver it through a far less scrutinized committee, so most people would have no idea what you were doing?

A basic principle of smart tax reform is that we should shift away from taxing good behaviors, like work and wealth creation, to taxing bad behavior, like pollution and speculation. 

A small study out of Yale School of Medicine caught the eye of some observers this week by raising an intriguing question: Do food stamp cuts lead to greater rates of HIV?

I attended yesterday’s U.S. Supreme Court oral argument in the Arizona voter registration case.  The argument went well generally, but Justice Alito suggested the Justices would create a “crazy” double standard by requiring that Arizona election officials accept the federal registration form. 

Alito’s concerns are unwarranted.  Arizona chose to create two standards when it chose to add special “proof of citizenship” to register.  

The push for Same Day Registration has encountered a curious adversary in some states this year – county clerks.

The latest example is Utah, where the state Senate killed a SDR bill last week on an 18-10 vote. Under current state law, Utahans must register at least 15 days before an election if they want their ballot to be counted. Since many voters don’t tune in until the waning days of a campaign, arbitrary deadlines like this come as an unwelcome surprise to a lot of people who hope to participate in elections.

Months after super storm Sandy, families are still waiting for permanent housing. Only a quarter of the families registered with NYC’s hotel sheltering program will find permanent housing with the next three months. Between New York and New Jersey, damage from the storm is estimated to cost over $71 billion.