FREDERICKSBURG, Va. -- There's nothing Deidre Duffy would rather do than host a backyard barbecue for a few friends.
"I don't want anything fancy," Duffy, 53, said in an interview next to her black Weber grill. "Give me some charcoal and I'm going to shoot those flames about six feet high, and when they come down -- it's my favorite thing."
In the better-late-than-never category, there's now a more subtle debate among economists about whether it's debt that tamps down economic growth or whether it's the slow growth that pushes up the debt. That's an important question, but it actually hides what may be an even more crucial one. Is growth in GDP really the best way to judge how the economy is doing? What does GDP actually tell us, and what does it leave out?
Last week, 72 New York State Assemblymen sent a letter to Assembly Speaker Sheldon Silver urging him to support a public financing program for primary, general and special election campaigns for statewide offices. Such a program would match modest contributions with public funds, which allows small contributors to have a larger impact and brings more donors into the political process.
About half of all public companies are incorporated in Delaware, and that state has long been synonomous with a race to the bottom when it comes to corporate responsibility. So many companies incorporate in Delaware because it has famously lax standards for corporate behavior. And tiny Delaware has no incentive to raise those standards because incorporating companies is a key part of the state's economy.
In every society, the marketplace—the physical marketplace—brings people together not only to exchange goods and services, but to meet one another, socialize, and exchange ideas. Markets are the places from which communities arise, and where people of different strata and clans converge.
The drumbeat for public financing pounded loudly on Monday when good government groups and Connecticut Secretary of State Denise Merrill visited the Capitol to make the case for campaign finance reform.
A group of activists and politicians from Connecticut came to Albany Monday to promote their brand of public financing, which has been in place since 2008. According to supporters, including Sec. of State Denise Merrill, public financing for the legislature and statewide offices has led to a number of (mostly progressive) policy breakthroughs including an unclaimed bottle bill (sound familiar?) higher minimum wage and most importantly, a deeper, more diverse pool of candidates, with a 41 percent increase in the number of contested seats.
Tomorrow is the third anniversary of the Deep Horizon explosion that spilled 200 million gallons of crude oil into the Gulf of Mexico. The spill fouled 1,110 miles of beaches and marsh along the coasts of Louisiana, Mississippi, Alabama and Florida. Three years later, the cleanup continues and crews continue to find oil buried and tar balls washing ashore.
The furor over President Obama's proposed cuts to Social Security benefits has obscured a key fact about his latest 10-year budget plan: Which is that, despite those cuts and even bigger cuts to Medicare, the plan only modestly slows spending on seniors even as it proposes significant cuts to nearly every other government function over the next decade.
Representative Keith Ellison held a press conference yesterday outside the Capital building in Washington, D.C. to announce the reintroduction of a bill that would tax financial transactions on Wall Street. The Inclusive Prosperity Act, which was first introduced last year and is supported by many economists, would implement a 0.5 percent tax on speculation and derivates and would reel in more than $300 billion a year in revenue.
In North Carolina you can buy a gun without a background check, but according to a bill recently passed by the state legislature, the same shouldn't be true for receiving food stamps and other forms of government assistance.
A few weeks ago, Supreme Court Justice Antonin Scalia said that a key provision of the Voting Rights Act was motivated by a "perpetuation of racial entitlement."
A few weeks ago, Supreme Court Justice Antonin Scaliasaid that a key provision of the Voting Rights Act was motivated by a "perpetuation of racial entitlement."
The President’s attention in his proposed budget to the challenges faced by unemployed young workers is encouraging. His proposal for a “Pathways Back to Work Fund” would make $12.5 billion available to create and/or subsidize jobs for younger as well as older unemployed workers.
It’s been a good week for the 23,000 people who work for one U.S. retail chain. Even as the national economy continued to plod along and the unemployment rate remained disturbingly high, Hobby Lobby announced it is upping its minimum hourly wage to $14 for full-time employees and $9.50 for part-time workers.
After a bruising election in which their standard-bearer became a symbol of wealth and privilege, Republicans are emerging as born-again champions of the common people. The latest proposal in the House, the “Working Families Flexibility Act,” is billed as a pro-worker proposal that will let mom bank comp time so she can take a family vacation later. But for such a worker-friendly idea, the bill has attracted support from strange quarters.
A new report from the National Consumer Law Center (NCLC) is advocating a 36 percent interest cap rate that would alleviate the personal debt crisis in the United States.