Media

So you aced the job interview. But can you pass the credit check?

That’s right, a growing number of employers are checking job applicants’ credit reports, even when the job doesn’t involve financial responsibilities and management.

About six in 10 employers conduct credit checks on at least some of their job applicants before deciding whether to extend an offer; 13 percent conduct them on all candidates.

Does America believe in second chances? In some cases, yes. Corporations get second chances all the time. For instance, nearly every major pharmaceutical company has been repeatedly fined by the Justice Department for either fraud or illegal marketing, and yet—because no individual executices are ever held accountable—most go on to break the law again. Ditto for many top financial firms.

When politics is dominated by the wealthy, the interests of the wealthy are advanced while the interests of lower income and working families are ignored.

The London Whale has surfaced again. The lingering question is whether the investigations will prove that whales, like fish, rot from the head.

Beth Simone Noveck and Carl Malamud are pushing the IRS to publicly disclose more data on tax-exempt groups, make it more accessible in electronic form, and to do so more promptly. Count me among the effort’s biggest cheerleaders. If this push succeeds, we'll have a better handle on a key sector in U.S. society—although we'll still be in the dark about crucial details of how nonprofits are funded. 

It's no secret that sales taxes are a regressive way to raise revenues. And the heavy reliance on such taxes across the country explains why state tax systems tend to clobber the poor while asking little of the rich. 

Once upon a time, we invested in our young people so that they could enter the world without debt. Now, we turn them into deadbeat debtors before they're old enough to legally buy a drink, left far behind their financial betters.

The United States spent around $3.6 trillion last year, on products, services, and employment, including contractors. Which companies benefited from these lucrative deals with our government? And what were our conditions on their performance? Shouldn't we, as the taxpayers that are funding these purchases, be able to expect the beneficiaries of these contracts to act in a way that reflects our values?