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Here’s an example of how government subsidies distort market economics: Gas prices are down nearly 35 cents from last year, yet this has had virtually no impact on this year’s first quarter profits of the big oil companies.
Dig into today's job numbers and you'll find a tale of two Americas.
In one America, unemployment remains at catastrophically high levels. The African-American unemployment rate is 13.2 percent -- a level not seen for the U.S. as a whole since the Great Depression. The jobless rate for construction workers is 14.3 percent.
New York, NY – Today, Maryland Governor Martin O’Malley signed into law landmark legislation that will allow voters to both register to vote and cast a ballot during the state’s early voting period. Twelve states and the District of Columbia now offer Same Day Registration. Senate Bill 279 also adds two additional days to the early voting period, increasing the number from six to eight days to vote prior to Election Day.
What will be more important in coming decades: Countering the rise of Chinese military power in East Asia or building U.S. economic strength here at home?
State officials around the country have spent the last few months bending over backwards finding reasons to accept Medicaid expansion for low-income Americans, refuse it, or try to create a publicly-funded privately managed hybrid. But what do these choices mean for real people?
The shocking allegations against four more elected officials in New York are depressing — but they provide an opportunity for bold action by our state leaders. Gov. Cuomo has proposed a new, comprehensive campaign finance law, including the creation of a voluntary, small-donor public financing system and an independent enforcement unit.
The journalist Gary Rivlin has a chilling investigative piece in The Nation about the massive assault on the Dodd-Frank Wall Street Reform Act since its passage in 2010. It illuminates the ways of Washington in an era of big money and how passing laws may be one thing, but fully enacting them is quite another when swarms of lobbyists work full-time to throw sand in the gears of government.
This effort could be a game-changer, a way to begin reversing the dangerous concentration of wealth and political power in the U.S. Naysayers will complain that proposals like this are doomed from the start because of the current makeup of Congress, especially the House. But that’s not so. Enhancing the impact of small donors is an important component of a broad, long-term effort to reduce the toxic impact of big money in an era of super PACS, Citizens United and rising inequality. Democrats in the House should be commended for pushing this initiative along.