A study released by Demos, a research and advocacy organization, may shed light on why some working families have credit card debt and others don't.
The study, "Understanding the Debt Difference," is based on survey research of 2,248 low- and middle-income adults between April 2008 and August 2008, and contrasts the demographics, financial habits and economic circumstances of those with credit card debt and those without it.
David Callahan, a senior fellow at the think tank Demos, contends the tax code should differentiate between charities and overtly partisan advocacy organizations. Now neither type of group must reveal the names of its supporters.
The state attorney general wants federal regulators to take enforcement action against the Indian Point nuclear plant for what he called the company's failure to comply with fire safety requirements.
"In the wake of Japan's crisis, our country's nuclear facilities should be bolstering their safety measures, yet Indian Point is looking to weaken its precautionary measures," Attorney General Eric Schneiderman said Monday.
New York, NY — As new unemployment figures show a still-staggering 9 percent of Americans out of work, a new report from the policy center Demos examines the degree that low income American families use credit to weather economic shocks, and draws out the impact of credit card debt on families' long-term financial stability.
NEW YORK, NY – The idea of regulation — of using the institutions of government to set and enforce rules for the world of business — has come under fierce attack. This week, House committees will hold four separate hearings based on the premise that our nation’s economy is chafing under the restraint of excessive regulation and overly powerful regulators.
Washington — SenatorAl Franken (D-MN) has introduced a financial-reform amendment that finally addresses the root problem of the credit rating agencies—their built-in conflict of interest. The "Restore Integrity to Credit Ratings" amendment, co-sponsored by Senators Charles Schumer (D-NY) and Bill Nelson (D-FL), substantially embraces a remedy set forth in a recent Demos policy paper on this subject.
Would Re-establish Key Provisions of the Glass-Steagall Act—Limiting Risk Taking by Commercial Banks, Requiring Investment and Insurance Spin-offs, Ending Era of 'Too Big to Fail'
As Congress Takes Up Sweeping Financial Reform, Report Urges Fundamental Change of Ratings Agency Model
Washington, DC — With the House of Representatives and a key Senate committee poised to vote on sweeping financial industry reforms, a new report by Demos finds that the proposed remedies fail to fully address the problems that led the credit rating agencies to become key enablers of the housing bubble and Wall Street meltdown.