July 21, 2017 (New York, NY) – In honor of the sixth anniversary of the creation of the Consumer Financial Protection Bureau (CFPB), Tamara Draut, Vice President of Policy and Research, issued the following statement.
NEW YORK, NY – In response to the “Better Deal” proposal that Congressional Democrats laid out today, Tamara Draut, Vice President of Policy and Research at Demos, released the following statement:
Chicago, IL – Today, Heather McGhee, president of Demos, spoke during the Opening Session of the inaugural Obama Foundation Summit, a gathering of civic leaders in Chicago. The following are her remarks, as prepared for delivery.
The economy is not the weather. Economic news may come to us like a weather report—the stock market going up or down like the temperature—but it’s not actually unseen natural forces that dictate the way the wind will blow economically.
Chiraag Bains, the Director of Legal Strategies for Demos, issued the following statement tonight in response to the nomination of Brett Kavanaugh to the U.S. Supreme Court by President Trump:
“With the nomination of Brett Kavanaugh, Donald Trump’s second nominee to the Supreme Court in less than two years, the stakes couldn’t be higher for individuals and families whose lives are directly impacted by the Court’s decisions.
Facebook’s decision to hire a right-wing consulting firm to plant false stories about Color of Change and others who dared to call out Facebook was a nefarious smokescreen to save themselves from well-deserved criticism about the online platform and its business practices.
Yesterday, the U.S. House of Representatives voted on a package of rules that include a “pay-as-you-go” or “PAYGO” provision, which mandates that new spending be offset by matching cuts or increases in revenue. Demos supports efforts to eliminate PAYGO requirements in federal law.
Insurers justify the use of credit screening for insurance purposes by pointing to internal industry data showing that, on average, people with lower scores are more likely to make an insurance claim. The problem is, they don’t have a convincing explanation for why people with poor credit tend to make more claims.
Blatant redistribution, the argument goes, may fly in Europe with its strong class identity, but is a non-starter here, where the value of individual self-reliance is dominant. Is this really true?
1. The government has collected less in taxes as a proportion of the economy in the past three years than it has in any three-year period since World War II, and tax rates are at historic lows.
The youngsters filed into the large conference room at the Community Service Society in Manhattan. Each picked up a slice of pizza and a can of soda from a small table that had been set up along one wall, then took a seat at the large table in the center of the room. They were from a public school in the Bronx, about 20 of them, 13 and 14 years old, and they’d agreed to talk to me about their lives.
The Credit CARD Act is helping households pay down balances faster, with a third of low- and middle-income households that carry credit card debt reporting that new disclosures have caused them to pay down their balances faster.
Branko Milanovic is a World Bank economist and development specialist. He's currently a visiting presidential professor at CUNY's Graduate Center and a senior scholar at the Luxembourg Income Study Center. His book, The Haves and the Have-Nots: A Brief and Idiosyncratic History of Global Inequality, examines—as the title suggests—income inequality. Milanovic and Demos Research Assistant Sean McElwee recently discussed Milanovic's research and the major shifts within the inequality research field.