A major new study on economic mobility by a team of top scholars has revealed that it's hard to move up the ladder if you're isolated from good schools and jobs. What a surprising finding -- or at least it was surprising forty years ago.
Three years have passed since David (the American public) defeated Goliath (the big banks) and the Dodd-Frank Act became law. Implementation staggers forward and there have been some recent encouraging developments. But, overall, there is reason for serious concern about the fate of financial reform
Thirty seven. That's how many attempts House Republicans have made to strike down the Affordable Care Act. Most of the attempts gave been focused on dismantling the law as a whole, and while the current version is not as robust as Obama's original proposals, the law has survived extensive attacks.
How financial market practices not only risk catastrophic systemic failure like 2008, they constitute a massive extraction of value from the real economy by the financial sector.
Employers don't want to look at the resumes of unemployed people. In fact, they don't even want those resumes sent to them. Some employers will actually do whatever it takes — without doing anything illegal — to prevent the unemployed from applying for positions at their company.
Over the past decade or two, top transnational corporations -- including Apple, GE, and Google -- have figured out how to sidestep national tax collection systems, depriving governments of billions of dollars in revenues.
Among immigrant groups, Asian American/Pacific Islander communities are often stereotyped as a “model minority,” and an immigration economic success story. However, this stereotype masks the wide diversity -- ethnic and economic -- that exists within the Asian and Asian-American communities.
Financial markets, now heavily dependent on technology, need to be safeguarded against cyberattacks, natural disasters and the more prosaic scourge of human error that can cause massive disruptions, according to experts and a federal panel.
Imagine having an African-American president who talks openly and bluntly about race in America and the experience of being black -- a president who explains what it's like to get on an elevator with a white woman or concedes the ease with which he could be shot dead in another life just because of
Without a doubt, the big banks should be broken up; the need is even more urgent than it was in 2007 or 2008. The Federal Reserve Bank of Dallas – hardly an Occupy Wall Street affiliate – titled its 2011 Annual Report "Choosing the Road to Prosperity: Why We Must End Too Big to Fail – Now."
