Donald Trump and his billionaire Cabinet are proposing even bigger tax cuts for the wealthy when what we need is a fairer system that allows our nation to meet the needs of its people.
As long as there have been markets, people have been driven by greed to make irrational investment decisions. When enough people get in on the action, valuations -- the prices of securities -- go haywire, soaring to obscene heights and then crashing in a shower of crushed dreams.
Chasing performance, taking on excessive risk and selling at inopportune times are all as old as capital markets themselves. What is new is the modern regulatory environment and financial innovations such as high-frequency trading. Is today's stock market the same beast it was 20 or 30 years ago? [...]
This week, the Federal Reserve Bank of New York offered continuing evidence of the student debt crisis. Outstanding student debt again topped $1 trillion in the fourth quarter of 2013, making it the second-largest pool of debt in the nation behind mortgages. This has tripled in just a decade, as higher-education prices increased faster than medical costs, up 500 percent since 1985.
Economist Kenneth Boulding famously said, “Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.” But it's not just economists who believe that anymore. Such ideas are still widely accepted by thought leaders, journalists, and politicians who, together, form a strong consensus that the U.S. recovery should be bolstered by natural gas exploration and production.
Biola Jeje, 22, graduated Brooklyn College last May with a degree in political science and a mission: Force lawmakers to address the $1.2 trillion student debt crisis. [...]
Jeje left college with $9,500 in student loans, less than half the $29,400 national average for four-year college graduates. She and her fellow activists are mobilizing support to march on Albany, New York state’s capital, to deliver a message to legislators. [...]
Carter adopted an emerging technique in the 1970s, hiding references to whites behind talk of ethnic subpopulations, and he also presented blacks as trying to preserve their own segregated neighborhoods. Notwithstanding these dissimulations, few could fail to understand that Carter was defending white efforts to oppose racial integration, and many liberals criticized Carter for doing so.
I grew up just outside Detroit and have felt an ache in my heart for this bleeding city for so many years now. It's long been one of the country's designated loser cities, beginning in the 1960s, when change hit it hard. The phrase at the time was "urban blight," a social cancer with unexamined causes that, in the ensuing years, has gotten progressively worse.
For decades, rapid economic growth has been the norm for developed countries. An educated workforce, a large population boom, major technological advances, and abundant fossil fuels were the key components of growth, generating substantial and broadly distributed increases in standards of living in many countries. We have grown so used to such growth that we inevitably view it as a panacea for a host of economic ills, whether it's a deep recession or income inequality.
We now understand, however, that the postwar growth paradigm is not environmentally sustainable.
A photo voter ID law signed by Republican presidential candidate Rick Perry is unnecessary, unfair, restrictive and intentionally discriminates against African-American and Latino voters, a coalition of civil rights groups will argue in a letter to the Justice Department on Wednesday.
Law that tries to exclude human judgment of right and wrong always veers towards unintended places - as with the Rockefeller drug laws, or "three strikes" laws that send petty criminals to jail for life.
"Supporting year-round civic engagement provides an entry point for communities to begin to engage more intentionally with the political system at the local, state, and federal levels."
More than a decade later, National Voter Registration Day has been endorsed by national associations and the federal government. More than 5 million voters have been registered to vote on the holiday since 2012.
A study of 10 states’ voter purge policies released earlier this month identified potential barriers to voter participation and urged reform in Indiana and nine others.
Arizona is in litigation over a 2022 law that could allow for what some are calling “draconian purge practices” that lead to more Arizona voters being disenfranchised.
There are many good reasons for states to update their voter rolls in preparation for elections, but a new report contended many are too zealous about it, jeopardizing some people's right to vote.
Chief of Programs at Demos, Angela Hanks on Black employment in this jobs report, wage growth, and the Fed rate hike - what damage that could do to the economy.