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The huge trading losses suffered by JP Morgan last year—and the cover-up of those losses—stand as just one example of that giant bank's long record of excess, criminality, and deception. And when you think of who should be held accountable for the London Whale fiasco, one name comes to mind. It's a
Blog
David Callahan
We hear a lot that college "isn't for everybody," but this phrase is typically applied to working class kids—with the suggestion that we should expand opportunities to get vocational training that leads to solid blue-collar jobs. Of course, though, there are young people across the class spectrum
Blog
David Callahan
On Monday, Ezra Klein argued that “conventional wisdom on Washington is that corporations win every fight and everyone else — particularly the poor — get shafted" is, wait for it, "wrong, or at least incomplete."
Blog
Joseph Hines
In 1965, in a nation torn by racial strife, President Johnson signed an executive order mandating nondiscrimination in employment by government contractors. Now, as President Obama has observed, the nation is divided by a different threat: widening income inequality.
In the media
The Editorial Board
Credit cards. Mortgages. Car loans. These are the types of things that typically come to mind when thinking about your credit. But a bad credit history can do more than ruin your chances of getting a loan or landing a great interest rate -- it can cost you a job. [...]
In the media
Blake Ellis
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Blurry caution tape in foreground with U.S. Capitol building in background at night
When politics is dominated by the wealthy, the interests of the wealthy are advanced while the interests of lower income and working families are ignored.
Blog
J. Mijin Cha
Are you paying too much in 401(k) fees? Until recently, it was difficult to know. But as of last year, 401(k) plan sponsors are required to send participants annual disclosures outlining fund fees and their effects on savings over time. [...]
In the media
Beth Simone Noveck and Carl Malamud are pushing the IRS to publicly disclose more data on tax-exempt groups, make it more accessible in electronic form, and to do so more promptly. Count me among the effort’s biggest cheerleaders. If this push succeeds, we'll have a better handle on a key sector in
Blog
Jack Grauer
So you aced the job interview. But can you pass the credit check? That’s right, a growing number of employers are checking job applicants’ credit reports, even when the job doesn’t involve financial responsibilities and management. About six in 10 employers conduct credit checks on at least some of
In the media
Carole Fleck
Does America believe in second chances? In some cases, yes. Corporations get second chances all the time. For instance, nearly every major pharmaceutical company has been repeatedly fined by the Justice Department for either fraud or illegal marketing, and yet—because no individual executices are
Blog
David Callahan