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Few trends in human history have been more environmentally destructive than the rise of America's car culture starting in the 20th century. Americans drive their cars more than people in any other country and drive less fuel-efficient cars. There are 808 cars in the United States for every 1000 people, a rate 50 percent higher than most European countries.
The Federal Reserve Board of Dallas released a report from its chief researcher, Harvey Rosenblum, which has caused quite a stir. The report cites Fed statistics showing that the five largest US banks hold a remarkable 52% of all bank assets:
NEW YORK - Yesterday, civil rights legend John Payton passed away suddenly, stunning the civil rights and voting rights community. Demos issued the following statement to honor his historic work and the legacy he leaves behind:
Today is the second anniversary of Obama’s healthcare reform being signed into law, but he’s not commenting on it. He may be afraid of touching this new third rail of politics that the right has created, but there are some reasons young Americans should be celebrating today.
Say you’ve got a booming industry, one that already employs 2 million workers in the U.S. and is poised to add 1.3 million additional jobs by 2020. Imagine that the jobs cannot be off-shored, that the work helps decrease federal deficits, and millions of Americans depend on the industry just to get through their daily lives.
While the attention of Connecticut's legislature has been occupied by the recent budget battles, an even larger crisis has been brewing: retirement security.
We are seeing the results of a radical shift in employer-provided retirement benefits. In the past decade, the percentage of private-sector Connecticut workers whose employer offers a retirement plan has fallen from 68 percent in 2001 to 58 percent today, effectively shutting nearly 650,000 workers out of any workplace retirement plan to supplement Social Security.
And while the quantity of benefits was declining, the quality of those benefits was deteriorating as well.