Fifty years ago, Michael Harrington wrote The Other America, documenting – among the many ravages of poverty – that millions of children in the richest country on earth went to bed hungry every night. His book inspired two Democratic presidents, John F. Kennedy and Lyndon B. Johnson, to launch a war on poverty, then estimated at more than 20 percent of the population.
Celebrating Pennsylvania’s recent passage of a restrictive piece of voter ID legislation, Pennsylvania House Majority Leader Mike Turzai (R) stated, “Voter ID, which is gonna allow Governor Romney to win the state of Pennsylvania, done." This statement, shocking only for its honesty, reveals what many voting rights organizations have been saying for years: Changing the rules relating to voting is a kind of power grab, a partisan effort to change outcomes.
Though it fell in a rather busy week and didn't grab much attention, another Supreme Court decision last week should have ramifications for Connecticut. The ruling affirmed the constitutionality of a Maryland law that counts incarcerated persons as residents of their last legal home addresses, not the prisons, for redistricting purposes.
Recommendations for the Special Joint Committee on Redistricting as it seeks to assess lessons learned after the 2010 Census and to set goals for the next Census redistricting process.
On Monday morning, the U.S. Supreme Court issued a ruling which upholds a lower court ruling, and area returning citizens are pleased by the court's ruling.
Supreme Court Justices agreed with Maryland's “No Representation Without Population Act” in a summary disposition which means meaning the Justices based their ruling on existing briefs and did not engage in oral arguments. A lower court ruled that in the case of Fletcher v. Lamone, Maryland officials cannot count a prisoner's incarceration address, and must count their last known home of residence.
The U.S. Supreme Court affirmed Monday a lower court's ruling upholding Maryland's new congressional redistricting plan, which counts inmates as living at their last-known addresses instead of in their prison cells. But it may not be the last word on the matter.
Some Republican lawmakers opposed to the map, drawn once each decade based on U.S.
The movement has drawn some support from financial circles. Wallace C. Turbeville, a former Goldman Sachs banker who now is a senior fellow at Demos, a public policy research organization in New York,submitted testimony last month for the Senate Banking Committee in favor of more banking regulation.
There’s been a lot of fighting the last several months about new restrictions on the right to vote. We learn that these laws, including voter ID, rules around registration, and limits on early voting disproportionately impact African Americans, Latinos, youth and other groups, many of which already have lower participation rates than the white population.
American workers are being ripped off by excessive retirement plan fees — which may force them to work longer or live less comfortably in their golden years, according to a recent study.
For the average US household, the high fees drain about $155,000 from their 401(k) accounts over their lifetimes, the study found.
In one example highlighted in the study, a two-wage-earner household with a median income for their age group contributed an average of 7 percent a year to their 401(k) plan over 40 years.
Malloy wrote in his veto message that he believed parts of the bill to be unconstitutional, potentially infringing on individuals' free speech protections under the First Amendment. Other parts of 5556, he argued, "represent poor public policy choices." He went on, "While I have advocated for transparency in the elections and campaign finance process for a long time, and could certainly support sensible reform in this area again, I cannot support the bill before me given its many legal and practical problems."
Hmmm … 401(k) plans can help you save money for retirement, but they many also cost you more than you realize. According to a new study from research firm Demos, the average American couple pay nearly $155,000 in 401(k) fees in the course of building up their proverbial nest egg; wealthier couples could pay nearly $278,000. These fees can reduce 401(k) savings by an average of 30 percent.
With hidden 401(k) fees back in the headlines, financial advisers say that in many cases it just doesn’t pay to leave your money in these plans—especially once you retire or switch employers. Recent findings from Demos, a research group, include this zinger: hidden fees may claim 30% of your savings.
A recent headline in the Los Angeles Times managed to rile both supporters and detractors of the 401(k) plan industry’s opaque and often excessive fee structure. Citing new research, The Times asserted that “401(k) Fees Could Reduce Average Nest Egg by 30%.” There is definitely a problem. But that seems extreme.
Portability, ownership and innovation are three key features of 401(k) plans that make them worth keeping. That was the case laid out by Paul Schott Stevens at a "town hall" meeting in Los Angeles this afternoon. The remarks lay out a defense of the mutual fund-heavy savings vehicle even as the plans have come under attack for the fees charged by mutual fund firms.