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.
The U.S. District Court for the Southern District of Ohio issued a summary judgment ordering Ohio to discontinue its practice of disenfranchising eligible voters arrested and held in pre-trial detention in the final days preceding an election.
The Public Interest Law Foundation has made such misleading and irresponsible claims before, and, when tested, they have uniformly proven to be unreliable and misleading.
"The percent of low-income students borrowing for a bachelor’s degree is unconscionably high, particularly if you consider their debt loads as a percent of their family income and wealth. Even if low-income students and high-income students were borrowing the exact same amount for college, that debt is a far greater burden relative to their family wealth.”
"In today’s competitive economy, nothing is more important than getting a college education. Yet college tuition costs in the U.S. have been increasing at a breakneck pace, making college unaffordable for millions of Americans.”
Today, voting rights advocates celebrated a significant win for Arizonans that will make it easier for residents to exercise their fundamental right to vote.
The media giant Comcast touts diversity and inclusion as “a central element of our credo and our DNA.” So why is it asking the U.S. Supreme Court to hollow out a 153-year-old law against racial discrimination?
"Income is actually a somewhat imperfect way to judge whether or not a family is financially secure. The typical black family making $100,000 has a lot less wealth than the typical white family making $100,000."
“Folks who benefit from having fewer people participate are constantly looking for new ways to suppress turnout. [Voter purges] is one that seems to have become more popular.”
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:
We have asked a federal court to allow us to intervene to defend the rights of Allegheny County voters in a lawsuit filed by an organization challenging how the county maintains its voter registration list.
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.
"Despite today’s disappointing opinion, we remain committed to working with community groups to protect voting rights for jailed Ohio voters who are eligible to vote and deserve a voice at the ballot box."