After years of hardship, America’s middle class has gotten some positive news in the last few months. The country’s economic recovery is gaining steam, consumer spending is starting to tick up (it grew at more than 4 % last quarter), and even wages have started to improve slightly. This has
The last two years of Obama’s presidency will largely be defined by his defense of key legislation: the Affordable Care Act, caps on carbon emissions and Dodd-Frank. While the broad shape of the first two battles is already known, the war on financial regulation, because of its abstract nature, will
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:
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 FDIC estimates there are 10 million people living in the U.S. who do not have a bank account — that’s one out of every 13 households. Nearly 33 percent of people living in Starr County, TX can’t write a check. In one census district in Savannah, GA, over 42 percent of residents are unbanked. The
President Obama should sign a Good Jobs executive order to encourage contractors to improve workplace benefits and respect their employees’ rights to bargain collectively.
Los Angeles lawmakers were expected to vote Wednesday on a proposal to renegotiate or terminate an interest rate swap deal from the mid-2000s that critics say now costs the city millions of dollars a year in fees. If successful, the initiative could make the city the nation's largest to challenge
The state-appointed Detroit Emergency Manager has commenced a program of shutting off the water of a large portion of the 138,000 delinquent accounts, up to 90,000 of which are poor households and largely African-American.
Competition and innovation in bank payments risk being undermined if the system’s new regulator is too heavy handed, a report from Demos Finance warns. The government is setting up a regulator to ensure new and smaller banks get a fair deal when using larger rivals’ systems. But analysts at Demos
