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You may have seen a big outbreak in the academic literature and business media of defenses of liquidity for liquidity’s sake, evidently prompted by increased interest in and in the EU, implementation of transaction taxes as a way to tame speculation and secondarily raise revenues.
In the media
Yves Smith
During an appearance on CNBC yesterday, Charlie Munger, deputy to billionaire investor Warren Buffett, had some harsh words for high-frequency trading, the practice used by huge financial firms to trade stocks in milliseconds. “Take the rapid trading by the computer geniuses with the computer
In the media
Pat Garofalo
At least one CEO at a big retail company wants to see the minimum wage increased. In fact, he’d like the minimum wage to go even higher than President Obama has proposed.
In the media
Ned Resnikoff
Emmett Pinkston served in the military for 30 years, first in the Marines, then in the Air Force, then in the Army. He helped coordinate security for President George W. Bush during the G8 Summit on Sea Island, Ga., in 2004, and worked as an intelligence analyst in Iraq from 2005 to 2007, some of
In the media
Saki Knafo
It's time to ensure that workers, no matter what their immigration status, have the same rights, and that their status isn't used an excuse to justify abusive behavior.
Blog
Ilana Novick
The U.S. political system is increasingly gamed against Americans of modest means — a situation exacerbated in recent years by major changes in the nation's campaign laws. That's the overriding takeaway from a new report slated for release today by Demos, a left-leaning nonprofit public policy group
In the media
Dave Levinthal
The U.S. political system is increasingly gamed against Americans of modest means — a situation exacerbated in recent years by major changes in the nation's campaign laws.
In the media
Dave Levinthal
Why elected officials are turning away from the economic policies that long guaranteed hardworking Americans the opportunity to join the middle class.
Press release/statement
While much of the country’s attention is focused on the need for job growth, a new report to be released Monday, March 4 by national public policy organization Demos reveals the ways in which the use of credit history in hiring acts as a significant barrier to employment and may lead to
Press release/statement
Young adults are pulling back on credit-card debt for similar reasons, said Amy Traub, a senior policy analyst at Demos, a public policy research organization. It found that Americans age 25 to 34 cut their credit card debt in half between 2008 and 2012. All around them, young adults are seeing
In the media
Tami Luhby