Media

Yesterday, New York City Council Speaker Christine Quinn delivered the State of the City address, focusing mainly on what we’d expect from a mayoral candidate: unemployment and local development. Both are big problems in need of big solutions, and Quinn delivered accordingly, proposing a CUNY budget boost, an integrated education network for city children, and a $10 million small business loan fund.

The mortgage servicing deal reached today between a coalition of state attorneys general and five major Wall Street banks is an important stepping stone in the effort to secure justice for homeowners victimized by the fraud and abuse behind the foreclosure crisis.

The U.S. Supreme Court's Citizens United decision unleashed the specter of unlimited corporate political donations in U.S. elections. So far, however, it's mostly rich individuals doing the donating.

A new report from two public-interest groups confirms fears "that the cash for big-ticket campaign spending like TV advertising is increasingly controlled by an elite class of super-rich patrons not afraid to plunk down a million bucks or more for favored candidates and causes."

New York, NY--Demos views the mortgage servicing deal reached today between a coalition of state Attorneys General and 5 major Wall Street banks as an important stepping stone in the effort to secure justice for homeowners victimized by the foreclosure crisis.

Six of the top 10 super PACs active in the 2012 elections have received money from untraceable sources, including nonprofits and shell corporations, according to a report released today by two progressive advocacy groups.

Unemployment and underemployment persist even in the best of times, as workers “churn” through the labor market seeking better opportunities and higher wages. But this is not the best of times, and the unemployment and underemployment faced by young people today is not pushing us toward better opportunities. Rather, it holds us back from achieving our productive potential and puts other concerns – like starting a family or buying a home – on the backburner.

It’s no secret that super PACs skew toward the wealthy set. However, a new study from Demos (editor's note: Demos is The American Prospect's publishing partner) and U.S. PIRG highlights how few people are running the money game this election cycle and how secret some of their contributions can be.

Last I checked, the whole point of a reduced payroll tax was to stimulate growth by keeping more money in the economy as opposed to channeling it into the coffers of the U.S. Treasury.