This is the first article in the “Financial Pipeline Series,” which will examine the underlying validity of the assertion that regulation of the financial markets reduces their efficiency. These articles point out that the value of the financial markets to the real economy is often mis-measured. The efficiency of the market in intermediating flows between capital investors and capital users (like manufacturing and service businesses, individuals and governments) is the proper measure.
Our nation is on the brink of a retirement crisis that could have severe consequences for both future retirees and society as a whole. The steady erosion in the voluntary employer-sponsored retirement system has made it more difficult for workers to save for retirement. This crisis will not only impact retirees, but the next generation of workers, who will be left with the tab when federal, state, and local governments are forced to expand to help millions of additional elderly Americans who will be living in poverty.1
The share of workers without any retirement plan at work has risen dramatically over the past decade. The percentage of workers whose employer did not sponsor any type of retirement plan rose from 39 percent to 47 percent—a 21 percent increase.1 This alarming trend is a call to action for state and local policymakers who want to prevent old age hardship by ensuring all workers can invest adequately, efficiently, and safely for their own retirement. protecting funds from the volatility of the stock market.
New Mexico’s current political leadership is undoing state and regional policies to reduce greenhouse gas emissions even as the risks posed by global warming to the state’s economy and population become more evident.[1] Experts foresee even more difficult problems in the future unless steps are taken to stabilize the climate. Some of the challenges New Mexico faces include:
Today’s prolonged economic slump is fundamentally different from an ordinary recession. In the aftermath of a severe financial collapse, an economy is at risk of succumbing to a prolonged deflationary undertow. With asset prices reduced, the financial system damaged, unemployment high, consumer demand depressed, and businesses reluctant to invest, the economy gets stuck well below its full employment potential.
The extent of the money in politics problem, how we got here (from a legal perspective), and what we can do to create a democracy in which the strength of a citizen’s voice does not depend on the size of her wallet.
In 2012, just 61 large donors to Super PACs giving an average of $4.7 million each matched the $285.2 million in grassroots contributions from more than 1,425,500 small donors to the major party presidential candidates.
A core value of American society is the opportunity to work hard and get ahead. Yet today in the United States, willing job-seekers are facing a new barrier to employment—credit checks. Despite the lack of evidence connecting people’s credit histories to their on-the-job performance, a 2010 survey by the Society for Human Resource Management found that 47 percent of firms use employment credit checks.[1]
Outside spending organizations reported $1.11 billion in spending to the FEC through the final reporting deadline in the 2012 cycle. That’s already a 200% increase over total 2008 outside spending.
Demos is a national, non-profit, non-partisan public policy, research and advocacy organization committed to building an America where democracy is robust and inclusive, with high levels of electoral participation and civic engagement. To that end, the Demos works to reduce barriers to voter participation and engagement, with a particular focus on participation by traditionally disfranchised communities.
A corporation is a legal structure that enables individuals to contribute and pool resources, capital, and labor in order to generate a profit. Corporations are created by state law in the state in which they are incorporated.
The corporate legal structure receives a number of advantages and obligations from the state. These laws enable the corporation to overcome the limitations of any one individual—like a human lifespan or limited productive capacity—and to accumulate and distribute profits among the various stakeholders.
Every year, millions of eligible voters fall through the cracks of our antiquated voter registration system because they have moved sometime in the last year.
It seems reasonable to ask that this law, which would give the Executive Branch the power to extend its version of cost-benefit analysis to independent agencies, show that its benefits are greater than its costs. A close analysis of the proposal’s impact on the financial sector shows that it fails this test.
We, the undersigned consumer, small business, labor, good government, financial protection, community, health, environmental, and public interest groups - strongly urge you to oppose S. 3468, the Independent Agency Regulatory Analysis Act of 2012. This legislation is likely to be marked up in the Senate Homeland Security and Government Affairs Committee; no hearing has been held on this broad reaching legislation which will empower the Executive Branch at the expense of the Legislative Branch. While S.