To hear the media tell it, all eyes are on the fiscal cliff. Which side is compromising and which side isn't? Which side's numbers add up? How can votes in the House and the Senate be structured for maximum political gain? What will the deal ultimately be? And, most important, which side will win and which side will lose? Is this great drama gripping the entire nation? Actually, only Washington and the media are transfixed.
The Coalition for Sensible Safeguards has produced a report detailing five areas in which protections significantly help make the December and New Year festivities a safer and more joyful experience.
Washington is in a fiscal panic, yet surprisingly few people are asking an obvious question: Why in the world is the Obama Administration proposing to spend $8 trillion on security over the next decade? Included in that giant sum is not just Pentagon spending, but also outlays for intelligence, homeland security, foreign aid, and diplomacy abroad.
Despite what critics say, renewable energy is not only a viable alternative energy source, production is booming. The U.S. has installed a record amount of solar so far this year with even more installation in the fourth quarter expected. All this growth comes in the wake of the furious attacks on the solar industry after Solyndra and Congress’ inaction on extending important production tax credits.
The latest UN climate talks came to an end this past weekend with little to show for it. As Kate Sheppard writes at Mother Jones, Doha “failed to meet even the low expectations that had been set for the negotiations.” One of the main pieces to come out was an agreement to extend the Kyoto Protocol, the only binding treaty on greenhouse gases, for eight years.
Other Demos writers have been doing great work thinking about job quality, and ways to raise retail and service sector wages. I would like to broaden the focus a bit to include buying power, not just nominal wages.
NEW YORK — Miles Rapoport, President of national policy organization Demos, released the following statement in response to Michigan’s State House and Senate suddenly passing bills Thursday to defund unions and undermine the ability of working people to organize for better pay and benefits:
Today's jobs report shows that the economy continues to slowly improve. After getting run down by a truck driven by Wall Street bankers in 2008, the economy has — over the past four years — emerged from intensive care, left the critical condition list, and is slogging steadily forward through a grueling rehabilitation.
A new Explainer from Dēmos looks at why Washington focuses so heavily on deficit reduction and not on job creation, even as unemployment rates remain high. In short: the affluent donor class and big business interests prioritize deficit reduction and Congress, in turn, prioritizes what they prioritize. As detailed in the Explainer, if deficit reduction was really the priority, Congress would increase spending and invest in job creating projects, like infrastructure upkeep.
The Center for American Progress is out with a budget plan that would reduce deficits by $4.1 trillion over the next decade and, at first glance, seems to makes a good deal of sense.
A few months ago, I wrote about the fracked up logic used by the New York State Department of Environmental Conservation to outsource reviewing the health impacts of fracking to the Health Commissioner. The ramifications of this decision are now becoming clear.
Before the Great Recession, the financial sector had consistently been eating up a greater and greater share of the economy. In 2007, it accounted for a whopping 40 percent of corporate profits. Before 1950, the financial sector made up less than 3 percent of GDP; now it makes up more than 8 percent.
This is the first article in the “Financial Pipeline Series,” which will examine the underlying validity of the assertion that regulation of the financial markets reduces their efficiency. These articles point out that the value of the financial markets to the real economy is often mis-measured. The efficiency of the market in intermediating flows between capital investors and capital users (like manufacturing and service businesses, individuals and governments) is the proper measure.
WASHINGTON (MarketWatch) — Massachusetts Senator-elect Elizabeth Warren is likely to focus her efforts on the Senate Banking Committee in areas that go far beyond her bread-and-butter expertise in consumer protection, analysts say.
Four-year-old John Kaykay is a serious and quiet boy—“my thoughtful one,” his dad calls him. When the official greeters at the front door of the McClure early-childhood center in Tulsa welcome him with their clipboards and electric cheer—“Good morning, John! How are you today?”—he just slowly nods his small chin in their direction. When he gets to Christie Housley’s large, sunny classroom, he focuses intensely on signing in, writing the four letters of his name with a crayon as his dad crouches behind him.
NEW YORK -- The United States faces a retirement crisis that threatens future retirees and the next generation of workers. The voluntary employer-sponsored retirement system covers fewer and fewer Americans, often leaving Social Security, originally intended as a supplement to other forms of retirement, as the major source of income for 40 percent of older Americans. Even workers still covered by an employer retirement plan have had their benefits weakened.
