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If asked, Americans of all political persuasions will say overwhelmingly that they prefer “ tougher rules” for Wall Street. But what does that actually mean?
In the media
David Dayen
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Black veteran with children
Black veterans weren't able to make use of the housing provisions of the GI Bill because banks generally wouldn't make loans for mortgages in Black neighborhoods, and African-Americans were excluded from the suburbs by a combination of deed covenants and informal racism.
Blog
David Callahan
If a bad job market wasn’t damaging enough, the cost of paying off student loans does much more harm to the long-term prospects of young people than is commonly realized.
In the media
Yves Smith
Here's a question for every reader of this post who lives in a major metro area and has at least a college degree: How many people do you know who make under $40,000 a year? Exclude that artist friend who's husband is in finance. And eliminate younger people still paying their dues. I'm talking
Blog
David Callahan
The events of yesterday nicely summed up American economic life: a tiny sliver of people, mostly tech and finance insiders, got fabulously wealthy from Twitter's IPO while 64 people were arrested protesting the poverty wages paid by the largest U.S. employer, Walmart.
Blog
David Callahan
The third quarter GDP numbers were released this morning, which show a GDP increase of 2.8 percent, an increase from the 2.5 percent reported for the second quarter. Among other factors, increases in personal consumption and state and local government spending helped contribute to the increase in
Blog
J. Mijin Cha
There's a dire need for a new definition of public goods
Blog
June Sekera
Public investment is crucial to future growth. The economic boom in the 50s and 60s relied on government investments in education (G.I. Bill), infrastructure (National Highway System) and science (NASA).
Blog
Sean McElwee
Wallace Turbeville on his time at Goldman Sachs, working with the city of Detroit, and the reality of the crisis that brought about TARP.
In the media
Credit reports and scores are made up entirely of information about individual consumers -- data that’s collected without our permission or even necessarily our knowledge -- but we don’t have free access to this information. Under federal law, consumers get one free credit report a year and must pay
Blog
Amy Traub