Media

Here we go again: Financial markets are plummeting thanks to the threat of a government shutdown and, beyond that, another debt ceiling crisis. One of the great bull markets of recent years is being derailed by a bunch of extreme conservatives in Congress. But Wall Street shouldn't just blame the Tea Party for ruining a good thing. It should blame big donors from its own ranks who are bankrolling groups like the Club for Growth who are also responsible for the crisis.

The drive for deregulation during the 1970s found support among Democrats and Republicans alike. And I don't just mean centrist Democrats, by the way. Many liberal Democrats favored deregulation in the face of evidence that elaborate forms of red tape favored monopoly-like corporations and prevented competition. Many deregulatory proposals were viewed as pro-consumer. 

The Census Bureau has steadfastly resisted calls to end the practice of counting inmates as “residents” of their prisons instead of the cities and towns where they lived and to which they typically return. The bureau’s new director, John Thompson, seems at least open to ending this wrongful practice.

For some recent college graduates, this fall’s back-to-school season marks the beginning of the back-to-living-at-home stage of their lives. But with careful financial planning, that stage doesn’t have to last long, advisers say.

Philadelphia Council authorized a public vote on Bill 130532 last Thursday. The bill amends the city charter to provide better wage protections and benefits for subcontracted city workers. The referendum will appear on the Spring 2014 ballot. Council supported this item unanimously.

According to attorney Steve Masters of JustLaws,

WHAT: Press call about upcoming SCOTUS Case McCutcheon v. FEC featuring NAACP, Sierra Club, Communications Workers of America, People For The American Way Foundation, Greenpeace, Main Street Alliance, OurTime.org, Rock The Vote, American Federation of Teachers, Working Families Organization, U.S. PIRG and Demos.

WHEN: Friday October 4th, 11:00 AM Eastern

In a speech last July, President Obama vowed that “whatever executive authority I have to help the middle class, I’ll use it.” On Wednesday, an estimated 175 workers who serve food, sell mementos or do maintenance work in federal buildings in Washington D.C. went on strike for the day. Instead of showing up at their jobs, they showed up in front of the White House, where they urged President Obama to live up to his word.

Americans are coming to face the hard reality that they live in a new Gilded Age, with inequality at levels not seen since before the Great Depression. Even worse: Uncle Sam is subsidizing this lopsided economy.

Delano Wingfield, 22, has been grilling up food and cleaning dishes at Roti Mediterranean Grill in Washington D.C.’s Union Station for almost a year. Struggling to get by on $9 an hour, he started encouraging coworkers to strike with him. His manager found out, he said, and slashed his hours.

“It was hard with 35 hours, and now I don’t know what I’m about to do with the 20 hours they gave me,” he said Wednesday. “I’m out here to make myself and everyone else more money.” (Wingfield’s manager did not respond to a request for comment.)