The story as it now stands for Facebook's IPO supports a broader narrative depressingly familiar to most Americans: Which is that the stock market is a rigged game.
As wary as the public may be of Wall Street, it is not wary enough because the financial industry rips people off even more than most of us realize -- specifically, in 401(k) fees.
The Federal Election Commission (FEC) voted unanimously to allow Americans to contribute to candidates and political organizations through text messaging.
For the past two days, the Senate has debated a bill proposing an amendment to the Constitution that would add, in main part, the following text:
To advance the fundamental principle of political equality for all, and to protect the integrity of the legislative and electoral process, Congress shall have the power to regulate the raising and spending of money and in-kind equivalents with respect to Federal elections….
Today, Vice President Biden and others from the Obama administration, are meeting with human-resource executives from companies that are part of the president’s effort to address the problem of long-term unemployment, including Citigroup Inc., CVS Caremark Corp. and Boeing
No matter who wins each of the hundreds of elections today, one thing's for sure: a relative handful of large donors and spenders are setting the agenda and terms of debate, while the rest of us are on the sidelines.
On November 10, 2014, the Brennan Center for Justice released a new report, Outside Spending and Dark Money in Toss-Up Senate Races: Post-election Update, which describes the rise in spending by outside groups—many of which do not publicly disclose all of their funds’ sources—in eleven competitive races. Highlights of the report include:
Inequality is growing because the increased wealth of the wealthiest no longer spawns income opportunities for the less well-off households and may actually diminish them.
Credit checks are one of many barriers faced by Black job seekers; and the implicit biases of employers have proved hard to legislate. That's why New York City just joined other cities and states in banning credit checks.
Common retail practices perpetuate racial inequality, fostering occupational segregation, low pay, unstable schedules, and involuntary part-time work that disproportionately harm people of color in the retail workforce.
Is it a problem when the Supreme Court is out of step with public opinion? While in many cases the answer is no, when it comes to the question of money and politics and the financing of campaigns and elections, its counter-majoritarianism is a threat to democracy.
Entire movements are based around these economic realities: the minimum wage is too low to live on. Eligibility for overtime pay must be broadened so that workers are fairly compensated for all of the time they work. Basic workplace standards need to be improved.
The New York fast food wage board today recommended a wage increase in a series of steps to $15 an hour by 2018 in New York City and by 2021 in the rest of the state.