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Dig into today's job numbers and you'll find a tale of two Americas.
In one America, unemployment remains at catastrophically high levels. The African-American unemployment rate is 13.2 percent -- a level not seen for the U.S. as a whole since the Great Depression. The jobless rate for construction workers is 14.3 percent.
New York, NY – Today, Maryland Governor Martin O’Malley signed into law landmark legislation that will allow voters to both register to vote and cast a ballot during the state’s early voting period. Twelve states and the District of Columbia now offer Same Day Registration. Senate Bill 279 also adds two additional days to the early voting period, increasing the number from six to eight days to vote prior to Election Day.
The shocking allegations against four more elected officials in New York are depressing — but they provide an opportunity for bold action by our state leaders. Gov. Cuomo has proposed a new, comprehensive campaign finance law, including the creation of a voluntary, small-donor public financing system and an independent enforcement unit.
What will be more important in coming decades: Countering the rise of Chinese military power in East Asia or building U.S. economic strength here at home?
State officials around the country have spent the last few months bending over backwards finding reasons to accept Medicaid expansion for low-income Americans, refuse it, or try to create a publicly-funded privately managed hybrid. But what do these choices mean for real people?
This effort could be a game-changer, a way to begin reversing the dangerous concentration of wealth and political power in the U.S. Naysayers will complain that proposals like this are doomed from the start because of the current makeup of Congress, especially the House. But that’s not so. Enhancing the impact of small donors is an important component of a broad, long-term effort to reduce the toxic impact of big money in an era of super PACS, Citizens United and rising inequality. Democrats in the House should be commended for pushing this initiative along.
A recent AARP Public Policy Institute report found that average credit card balances for households over age 75 jumped 31 percent during the recession. A separate AARP report found that boomers - households over age 50 - now have higher overall credit card debt than younger people - a reversal of previous trends.
The average combined balance on all cards in 2012 was $8,278.
Collusion — and conflicts of interest — between politicians and billionaires now operate across borders. When he was president, Nicolas Sarkozy reserved special favours for the Qataris (including a tax exemption on their highest-value property purchases). Qatar is now prepared to back him in starting a private equity fund.