U.S. Bankruptcy Judge Steven Rhodes rejected a proposal by Detroit’s Emergency Manager Kevyn Orr to pay off a complex financial deal that was originated in 2005 and turned catastrophic for the city during the recession.
New York, NY — Last night, provisions were added to the House of Representatives' 2015 omnibus spending bill which would repeal crucial features of the Dodd-Frank Act.
In response, Demos Senior Fellow Wallace Turbeville issued the following statement:
Demos and coalition partners have reached an agreement with the City Council and de Blasio administration to send a bill banning the use of employment credit checks to the City Council floor. In response, President Heather McGhee issued the following statement:
“We are pleased to see progress made in the fight for equal opportunity employment in New York City. Employment credit checks are a catch-22, preventing qualified workers from getting a job just when they really need one most. The biggest drivers of credit problems are job loss and medical emergencies.
New York, NY - With the House of Representatives poised to vote on H.R. 10, the Financial CHOICE Act, Amy Traub, Associate Director, Policy and Research at Demos, issued the following statement:
July 21, 2017 (New York, NY) – In honor of the sixth anniversary of the creation of the Consumer Financial Protection Bureau (CFPB), Tamara Draut, Vice President of Policy and Research, issued the following statement.
Climate change poses an existential challenge to the planet. But the effects of climate change have fallen disproportionately on communities of color and working families. And the reality is that climate change has been accelerated by a coalition of corporations, donors, and policymakers who have adopted a willful blindness toward these dangers to our communities and our planet.
On Friday, February 15, Lew Daly, Senior Policy Analyst at Demos, testified in support of New York State’s Climate and Community Protection Act. Following is Daly’s statement on the bill:
New York State’s Climate and Community Protection Act (CCPA) is a bold and necessary climate action policy for the people of New York. It will establish the strongest mandate for economy-wide greenhouse gas emissions reductions in the country, requiring a 50 percent reduction by 2030 and set a timeline for achieving a 100 percent renewable energy economy by 2050.
On a new survey which finds that hedge funds and traders of stocks and bonds are predicted to see bonuses drop by as much as 10 percent from last year.
The children of the New Economy have responded to the economic disparity and social insecurities in our schools, neighborhoods and workplaces with a backlash against government bashing.
This is very different than a CD, which comes from a bank with Federal Deposit Insurance Corp. protection up to $250,000. And it's different than a U.S. Treasury bond, backed entirely by the U.S. government.
Rob Brunhild trusted his broker when he was sold principal-protected notes underwritten by Lehman Brothers, noting that the broker implied that the notes were like Treasuries. His expectations for a solid return were dashed when Lehman went under, wiping out his investment. He said his family lost $275,000 on the notes.
“I had to tell my mother,” Brunhild said. “Mom lived off of this money.”
Let's check out some numbers. There are, right this very moment, more than a billion computers worldwide. Two hundred million televisions were sold is 2009 alone. Eight million dashtop GPS units were purchased in 2008. One hundred and ten million digital cameras were sold in 2009. Apple blew out 20 million iPods in just the first quarter of that same year.