Media

Many Florida families have been paying up to 25 percent of median income for public in-state college costs — out of reach for some middle-class parents who have taken recent pay cuts or lost jobs, according to a new study.

Last week, I wrote about the difficulties that young people with student loans can have getting getting a mortgage -- yet one more example of how debt can make it hard to build assets.

If you believe that self-interest is both the strongest and most virtuous motive for human behavior, you may well calculate that current Medicare recipients wouldn't object to a plan that leaves their benefits alone while gutting the program for future retirees.

These days, there's not a lot of sympathy out there for the big banks. That isn't likely to change through the advocacy of Steve Forbes. Of all the controversial provisions of Dodd-Frank, Forbes, and the banking industry, has seized upon the Durbin Amendment as the most dangerous.

Why? The Durbin Amendment caps the hidden fees that banks can charge you for swiping your debit card.

“I went through four interviews and everything went smoothly. I was on my way to the orientation program [for my new job] when I got a call on my cell phone: they had to cancel my orientation because there was a discrepancy in my credit report. . .”

New York State has a chance to move from the back of the class on campaign finance regulation to star pupil status by enacting a small donor match public funding system. State leaders discussed the value of such a system, and the differences it could make in the lives of New Yorkers, at a forum yesterday afternoon hosted by Governor Cuomo, the New York State Democratic Committee, the Center for American Progress, and Third Way.

Quick question: What happens when you step down a slope? Well, if it's a steep slope you'll start sliding, but not so fast that you can't catch yourself, avoiding serious harm.

And that's exactly the situation Washington will face early next year, if it doesn't reach a deal on expiring tax cuts and new spending reductions before January 1. The nation is headed for a fiscal slope, not a cliff.

The CBO has updated its figures for 2013, showing that if we don’t engage in reckless austerity, the economy will continue to recover next year. But if not, well, we would enter a deep, double-dip recession.

By now, regular readers know how we feel about the reliance on GDP as the main economic indicator and its inability to measure our economic and social well-being.