The days between the Fourth of July and Bastille Day on the 14th are known for fireworks on both sides of the Atlantic. This year, more rockets and firecrackers than usual were going off, but they were inside hearing rooms in the British Parliament and the U.S. Congress. Barclays bank announced that it had been fined more than $450 million by regulators from both countries, and its CEO, Robert E. Diamond Jr., and COO, Jerry del Missier, both resigned. The fines were part of a settlement that granted Barclays immunity from potentially worse punishment for its manipulation of interest rates.
For all the talk about the need for voter-identification laws, you’d think millions of Americans were impersonating dead people to get their candidates elected, or casting multiple ballots after breakfast, lunch, and dinner.
A group responsible for development of the Willets Point space next to Citi Field said Walmart wouldn’t be a part of its conception.
Late last week, the Daily News reported that Walmart quietly lobbied city officials to include them in the development of the area near Citi Field that currently houses auto body shops. Regardless, according to the group responsible for the development project, Walmart’s lobbying efforts are news to them.
When I was a student, my English-major friends warned me that economists were people who didn’t have enough personality to become accountants. It seemed like a terrible accusation at the time. Today, I worry less about the personality than the efficacy of both professions.
Investors who were paying attention got a cold slap of reality this spring when the progressive think tank Demos released a study showing that the median household could expect to pay more than $150,000 in 401(k) fees over the course of a working lifetime, or about a third of potential investment returns. What's more, about two-thirds of 401(k) investors had no idea that they were paying such fees.
It seems there is little real relief on the horizon.
“If you’re coming out of college with an average number of $20,000 to $25,000 in debt and there’s no job out there, you’ve got a real problem,” said John Quinterno, a researcher who has studied the consequences of student debt.
Some eight years ago, I was at a presentation by Vanguard founder Jack Bogle at a business journalists' conference in Denver, and when his PowerPoint crashed, and he had to use transparencies on a vintage 20th-century overheard projector. After the presentation, he let me keep them, and they still serve as a sort of Rosetta Stone for me for enlightened investing.
Many Florida families have been paying up to 25 percent of median income for public in-state college costs — out of reach for some middle-class parents who have taken recent pay cuts or lost jobs, according to a new study.
Recall your last voting experience: chances are you were packed into a school cafeteria, shuttled along to a table where someone checked your name off a long list of registered voters, and you cast your ballot before rushing to work.
The United States needs to be reimagined. A recent study from the Pew Research Center tells us that in economic terms the middle class "has suffered its worst decade in modern history." It's shrinking.
With jobs scarce, wages declining and the nation's wealth concentrating ever more intensely at the top, the middle class has shrunk in size for the first time since World War II.
The November presidential election, widely expected to rest on a final blitz of advertising and furious campaigning, may also hinge nearly as much on last-minute legal battles over when and how ballots should be cast and counted, particularly if the race remains tight in battleground states.
The good folks at Demos, led by the indefatigable Liz Kennedy, released a report today about the legal underpinnings under what Demos predicts will be an epidemic of direct voter challenges at the polls themselves come November. This, alas, is neither new — challenging Hispanic voters at the polls in Arizona is how William Rehnquist got start in politics — nor is it particularly surprising. The new voter-suppression laws in several states are only half the plan.
Elisabeth Badinter is picking a fight with her book The Conflict, in which she demonizes pretty much every form of maternal bonding. And I was pleased to see Sarah Blustain give it to her in “Mère Knows Best”, rightly mocking Badinter’s attacks on social science, breast-feeding, and ecology. No writer should get away with defending the cancer-causing chemical BPA in the name of feminism, and Blustain doesn’t let her.
A study by Demos, a liberal research center, found that a median-income couple that invested in 401(k)’s for 40 years with fees averaging 1.6 percent a year would achieve $354,850 in assets at average savings rates, but only after paying $154,794 in investment fees.
POLITICO led this morning with a piece arguing that Mitt Romney's clay feet on the subject of national security threaten to turn him into John Kerry. I don't quite buy the comparison, however Kerry-like Mr Romney may be in his stiffness and aloofness; Mr Romney never claimed national security as a core competency, as Mr Kerry did.
The scrutinization of True the Vote, and their voter-stalking Tea Party co-signers across the nation, is growing. Today, Common Cause and Demos released a report called “Bullies at the Ballot Box” that raises awareness about groups determined to challenge voters at the polls, even at risk of intimidating voters. Says the report:
ST. LOUIS (KMOX) – Missouri makes a list of ten states at risk for “voter bullying,” in a report released by the voting rights groups Common Cause and Demos.
A very different kind of organizing campaign than AFSCME’s is going on in states across the country with a single undemocratic purpose: to keep voters away from the ballot box.
A swarm of right-wing loyalists with intimidation on their minds can be expected to descend on polling places in minority neighborhoods this November, two public interest groups warned government officials Monday.
In a new report titled, “Bullies at the Ballot Box,” Demos and Common Cause describe campaigns by conservative groups—particularly the tea party-affiliated True the Vote—to train and deploy as many as 1 million persons to police the polls.
A swarm of right-wing loyalists with intimidation on their minds can be expected to descend on polling places in minority neighborhoods this November, two public interest groups warned government officials Monday.
In a new report titled, “Bullies at the Ballot Box,” Demos and Common Cause describe campaigns by conservative groups—particularly the tea party-affiliated True the Vote—to train and deploy as many as 1 million persons to police the polls.
