New Brief Shows Young Americans Need Wall Street Reform
Washington — Young Americans face "lasting damage" from the dual crises in the financial sector and in personal finance, making it urgent that Congress pass strong financial reform legislation.
Washington — SenatorAl Franken (D-MN) has introduced a financial-reform amendment that finally addresses the root problem of the credit rating agencies—their built-in conflict of interest. The "Restore Integrity to Credit Ratings" amendment, co-sponsored by Senators Charles Schumer (D-NY) and Bill Nelson (D-FL), substantially embraces a remedy set forth in a recent Demos policy paper on this subject.
Cleveland — Ohio's young adults will continue to face a tough economy--one ravaged not only by recession but also by 30 years of declining opportunity and security for all but the most highly educated and affluent, according to a new report by Policy Matters Ohio and the national policy center Demos.
As Congress Takes Up Sweeping Financial Reform, Report Urges Fundamental Change of Ratings Agency Model
Washington, DC — With the House of Representatives and a key Senate committee poised to vote on sweeping financial industry reforms, a new report by Demos finds that the proposed remedies fail to fully address the problems that led the credit rating agencies to become key enablers of the housing bubble and Wall Street meltdown.
Washington, DC — Today, thousands of Americans are gathering on the streets of Chicago to march against financial service industry excess that has cost the American taxpayers trillions of dollars, destabilized the economy and undermined the stability of millions of US households.
In response to the public outcry against excesses in the financial services industries, dubbed "The Showdown in Chicago", the following statement was issued from Heather McGhee, director of the Washington DC, Office for the public policy and research center Demos:
New York, NY —A growing number of young students are turning to more affordable community colleges for their higher education, but only an alarming two out of five finish a degree within six years of enrollment, according to a new report published today.
Arguments Heard Today Suggest Precedents Limiting Corporate Political Influence Under Threat
Washington, DC — Today's argument in Citizens United v. FEC suggests that the Roberts Court is poised to sweep aside century-old restraints on corporate domination of the political marketplace — unless the wisdom of the Court's newest member proves persuasive when the decision is ultimately written.
Washington, DC — As the United States Congress considers the Surface Transportation Authorization Act of 2009, which aims to establish national regulatory reforms for American ground transportation, a newly published study details the widespread failures of port trucking deregulation. Port Trucking Down the Low Road: A Sad Story of Deregulation, published by Demos, a national public policy research center
Proposal to Expand Funding for Low-Income Students; Increased Access to Federal Loan Program
New York, NY — Demos, a national, non-partisan, public policy and advocacy organization, in partnership with twelve national organizations representing students, colleges, consumers, and college administrators, sent a letter to Congress on Wednesday calling for increased investment in college affordability and reducing financial barriers for entry into post-secondary education.
“The student debt crisis is yet another example of the deep and structural racial injustice at that heart of our economy. It prevents Black and Brown families from building wealth and economic power and has undermined the fundamental goal of higher education as a public good."