Media

Now we get to marvel at the story of Navinder Singh Sarao, the most recent financial market miscreant who almost got away with millions. He was operating a pop up high frequency trading operation out of a semi-detached house in the London Borough of Hounslow, far from the City and Docklands. The British press, always attentive to trappings of class and always the protectors of the big banks on which their home economy is totally dependent featured those tidbits in their coverage.

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Federal contracting with private vendors supports about two million low-wage private sector jobs, according to Demos, a national research institute, in their study, "Underwriting Bad Jobs." That is "more than the number of low wage workers at Walmart and McDonald's combined." 

On Tuesday, Democrats in the Senate and House introduced twin resolutions "to ensure that students have access to debt-free higher education." 

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A group of congressional Democrats introduced a resolution on Tuesday seeking to ensure that students who attend public colleges and universities can graduate without debt.

Several top congressional Democrats will embrace on Tuesday a loose plan to make public colleges a debt-free proposition—and will receive an immediate boost from progressive activists who are hoping to shape the 2016 Democratic agenda.

The rationale behind the ban is simple: it’s unfair and useless to use a person’s credit history, which is often inaccurate or misleading, when assessing their job qualifications.

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"You are in a Catch-22," said Emmanuel Caicedo, a senior campaign strategist with Demos, one member of a coalition of 79 labor and civil rights organizations that formed the NYC Coalition to Stop Credit Checks in Employment.

"You can't pay your bills and so your credit is bad. And then you can't get a job to pay your bills because of your credit."