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The International Monetary Fund’s former chief economist recently described one of the world’s leading economies as fundamentally unsound because the political process is captured by financial firms. But he wasn’t talking about just any banana republic. He was talking about the U.S.A.

Progressives are endlessly disappointed by opinion polls that show that a large majority of Americans don't trust government. Indeed, public trust in government is now at a historic low.

Cuomo has made the politically expedient shortcut routine for major bills, just months after a judge chastised the practice. Even good-government groups that howled when previous governors used the measure far less frequently accepted it last week, which also happened to be the annual Sunshine Week dedicated to openness in government.

The decision by a governor overrides a committee system in the Senate and Assembly as well as the joint conference committees created under a reform that attempted to force at least some public debate on major policy issues.

This budget season, wishful thinkers (myself included) believed that a higher minimum wage might possibly get passed in New York.

The uproar over Greg Smith’s parting shot op-ed as he walked from Goldman Sachs is remarkable.  Strongly held opinions will be shared in many cocktail party conversations in Manhattan and the Hamptons this weekend. Some will say that Smith must have an ax to grind over a dead-end posting to the London derivatives desk. Many will complain of his ingratitude for more than a decade of assumed generosity on each bonus day.

The law, known as Part XX, was passed in 2010 to increase fairness in redistricting by counting incarcerated people as residents of their home districts. The previous practice, often called prison-based gerrymandering, gave extra political influence to districts containing prisons, diluting the votes of every resident of a district with no (or fewer) prisons. 

It was just a few days ago that Goldman Sachs insider Greg Smith reminded us of an essential truth about today's financial services sector: It puts its own interests above those of its clients and, as a result, routinely misleads and exploits those who entrust investment firms and advisors with their financial future.

One of few clear-cut ways to decrease gas prices is to reel in Wall Street speculation. Wall Street speculation drives up oil prices because it distorts the perception of oil supply. In response to increasing tensions in the Middle East, Wall Street speculators are hoarding crude oil contracts, expecting that they will increase in price when (or if) the oil supply is disrupted and can be sold at a later time for profit.