D.C. politicians are funded by donors who are whiter and wealthier than the constituents they serve, an analysis by the liberal think tank Demos found.[...]
While it comes as no surprise that wealthy people are more inclined to spend on political races, the Demos analysis is the first comprehensive look at the demographics of District campaign contributors in recent years. Analysts matched campaign donors to a voter database used by Democrats that includes race, gender and income.[...]
A Miami-Dade lobbyist [Eric Zichella] on Monday joined the court fight against a ballot item that would sharply limit campaign donations as advocates release a study claiming smaller donors to local races better reflect the county’s diversity.[...]
Our city governments make decisions that affect us most, yet we know very little about the ways that money influences them. In a previous post I explored new evidence that people of color are not well represented by their councils. One possible reason is the overwhelmingly white municipal donor classes.
Student debt is a crisis, holding back the economy and hobbling a generation. Wonder why today’s young adults aren’t getting married, having children, buying homes, starting businesses, saving the world? Look no further, the culprit is obvious. That’s the conventional wisdom, and it’s taken for granted in many news articles and plenty of policy prescriptions.
The good news: If you’re the parent of a college-bound student, it could be cheaper to send your young person to an Ivy League school than to your friendly neighborhood public institution, a potential bargain for families struggling to pay for tuition, room, and board.
Like teens gathered around a slumber party campfire, pollsters and news outlets appear to be turning toward a giant game of “would you rather” to help understand the student debt mess.
Campaign finance reform crusaders on Wednesday lauded a D.C. Council measure that would forbid political action committees from raising unlimited funds in nonelection years and ban businesses from donating to candidates who could influence their contracts with the city.
The “Campaign Finance Transparency and Accountability Amendment Act of 2016” is part of a bevy of bills aimed at increasing the political distance between candidates and businesses in the District.[...]
Imagine a rich person. For most Americans, the image that comes to mind is a wealthy white man. While white men certainly make up a disproportionate share of the wealthy, there is growing diversity among the wealthiest members of society. Given the increasing political salience of racial justice and gender equity, this diversity could have impacts on policy. I find that there are indeed large differences between rich men and rich women (defining that group as those earning more than $150,000 a year), as well as between rich white people and rich people of color.
D.C. Council member Kenyan R. McDuffie said he will introduce emergency legislation to bar contributions to political action committees during non-election years in an effort to close what some view as a major campaign finance loophole before the start of 2017.
“It’s important that we address the issue as soon as possible, before Jan. 1,” McDuffie (D-Ward 5) said. “There’s a lot of support for it from what we’ve seen from the public in general.”[...]
As he's packed his proposed Cabinet with wealthy white men, President-elect Donald Trump has been criticized for assembling an administration that doesn't look like America, much less the "forgotten men and women" on whose behalf he claimed to have campaigned.
A persistent racial wealth gap, waning investment in higher education and limited institutional resources are driving up the rate of borrowing at historically black colleges and universities, with 4 out of 5 undergraduates relying on student loans to finance their education, according to a new study from the United Negro College Fund.[...]
New York could join the ranks of states likes of Tennessee and Oregon (in addition to dozens of cities) that have enacted some version of tuition-free public college.
[...] According to a new report by the progressive think tank Demos, “student debt is particularly damaging for individuals who struggle to repay their loans. Delinquent borrowers are saddled with fees, penalties and rapidly accumulating interest; borrowers who default on their loans face ruined credit and a debt often several times their original loan balance.”
In a new report, “Asset Value of Whiteness,” Demos and the Institute on Assets and Social Policy take a deep dive into the intrinsic link between racism and capitalism; specifically, how whiteness infests the so-called American dream and renders it inaccessible to anyone who doesn’t meet the pre-selected criteria.
A new report out this morning called The Asset Value of Whiteness: Understanding the Racial Wealth Gappurports to shatter traditional explanations for the lack of financial progress in African American and Latinx households as compared to white ones in the U.S.
Mark Huelsman is a senior policy analyst who focuses on higher education at the think tank Demos. “In an era of entrenched inequality and lack of upward mobility,” he told me, “the same things that would ding a borrower’s credit — a bout of unemployment, an inability to pay a student loan, an unlucky medical history — are the same things that any private lender would be looking at in approving a new loan.”
A new study trashes most of the conventional explanations—and solutions—for the wealth gap. It’s called The Asset Value of Whiteness: Understanding the Racial Wealth Gap. It’s by researchers at Brandeis University and a public policy group called Demos. [...]