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The affluent tend to hold a different vision of a just society than the public at large, and it is that vision which tops the political agenda in Washington and in state houses across the country.

Middle-income Americans age 50 and older are now carrying more credit card debt on average than younger people, according to a 2012 study released by Demos. This is a reversal of the findings from the Demos survey which took place in 2008.

The economy plummets. You lose your job. Soon, you start to find it hard to make ends meet. You start putting things on your credit card. Then you fall behind in your card payments. All the while you’ve been desperately looking for a new job. Little do you know that being behind on credit card

In the latest anti-HFT salvo, a 12-year veteran of Goldman Sachs Monday applied a new definition to the essence of high frequency trading, seeing it as a purposeful distortion of the flow of market information rather than just a successful trading technique. With that he also prescribed a financial

“The very rich,” wrote F. Scott Fitzgerald, “are different from you and me.” It turns out he was right. According to a new study by the think-tank Demos ( PDF), the affluent tend to hold a different vision of a just society than the public at large, and it is that vision which tops the political

High Frequency Trading (HFT) is a method used by financial institutions whereby stocks are traded in fractions of a second. The traditional means of buying and selling required bankers to manually decide whether or not something was a good investment in the (semi) long run.

Proposals to raise the minimum wage are enormously popular with the American public, but there’s a reason they are successful only on occasion. The powerful business lobby is quite effective at getting through to lawmakers with their message that higher wage requirements will lead to less employment

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.

Demos released a new report showing how the rise of high frequency trading (HFT) comes at a massive cost to the real economy, despite Wall Street’s claims to the contrary.

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.