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President Obama calling economic inequality the premier challenge of our time is notable for two reasons: first, he is acknowledging the weakening of the America middle class as one of the greatest threats to America's future. But perhaps more telling, he is making this declaration at THEARC - a
In the media
Dedrick Muhammad
NEW YORK -- In response to the final, approved version of the Volcker Rule, Demos Senior Fellow Wallace Turbeville, a former investment banker and the author of Demos' recent Volcker Rule explainer and The Detroit Bankruptcy report, released the following statement:
Press release/statement
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In the media
There's a lot of speculation about how the Affordable Care Act is likely to play out in coming months and years. But lately few voices are pushing the point that Obamacare is likely to spur the economy -- both in the near and long term.
Blog
David Callahan
In earlier times, before the dawn of modern American prosperity, it was common for hard pressed families to take in boarders. Watch some old movies if that era has slipped your mind. Then good times arrived, and renting out rooms to survive was no longer a widespread imperative. Images of the quirky
Blog
David Callahan
The much-anticipated final regulations implementing the Volcker Rule will be released today and, almost miraculously, it seems to be significantly stronger than the proposed text publicized more than a year ago. We will all have to await the actual wording since this is an area in which the devil is
Blog
Wallace C. Turbeville
If anyone still suspects that National Public Radio has a consistently liberal bias, listen to Robert Siegel's interview with Brigid Flaherty, organizing director for the Alliance for a Greater New York, a labor advocacy group, on Wednesday's All Things Considered.
In the media
Peter Dreier
You don't hear deficit hawks talking much about inequality, which is no surprise, since many solutions to inequality involve more federal spending. In truth, though, deficit hawks should be deeply worried about the big gaps in income and wealth for at least five reasons.
Blog
David Callahan
The Trayvon Martin case and subsequent focus on Stand Your Ground laws brought the right-wing group, ALEC, into the mainstream. ALEC pushes legislation and policy at the state level advocating for limited government, free markets and federalism. For decades, ALEC operated somewhat under the radar
Blog
J. Mijin Cha

The Volcker Rule is a requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 that is sometimes referred to as a “mini-Glass-Steagall.” 

Research
Wallace C. Turbeville