Lisa J. Danetz of Demos, a nonpartisan public policy center focused on expanding democratic participation, affirmed Slater's testimony that registration is not being offered at public agencies in many states.
The authors of "Up to Our Eyeballs: How Shady Lenders and Failed Economic Policies are Drowning Americans in Debt" blame the rising costs of health care, higher education and housing for making "debt the only mechanism available to many Americans for coping with a job loss or a medical emergency or even everyday needs like car repairs and groceries."
The news is grim. Housing values are dropping, subprime mortgage meltdowns are spreading, the stock market's uncertain and the overall economy seems to be heading into a recession.
No wonder plenty of us are worried.
Still, you can protect yourself. Here are some experts' top five must-make strategies to do your best now that the economy is likely in for a choppy ride.
Now that the subprime mortgage industry has collapsed, policymakers fear that Americans are shifting their debt to credit cards with deceptive and exploitive terms.
Cox and Alm need to read a disturbing report by the public policy group Demos and the Institute on Assets and Social Policy at Brandeis University. "By a Thread: The New Experience of America's Middle Class" says that only 31 percent of middle-class families are secure.
A report last year from New York-based think tank Demos found that about one-third of cardholders have paid interest rates in excess of 20%, and that borrowers can incur a "cascade" of penalties and end up in a "trap" of high-cost debt.
The nine states that have already passed election-day registration — also known as EDR — have seen an increase in voter turnout by more than 5 percent throughout the entire state, and more than 10 percent among voters in the demographic of 18 to 24-year-olds, according to statistics provided by Solheim and Morfeld.
While the downturn appeared first with the collapse of a relatively discrete sector of the US market-the so-called "sub-prime" mortgages-it quickly exploded, revealing a gaping hole in the credit system itself. As the former Chief Economist at the US International Trade Commission, Peter Morici, recently wrote, "The subprime meltdown reveals fundamental structural flaws in the US banking system.
According to Demos, a policy research group in New York, "American families are using credit cards to bridge the gaps created by stagnant wages and higher costs of living." Americans owe nearly $900 billion on their credit cards.
To make ends meet, working families have been forced to rely more on credit for basic household necessities. According to a recent study by Demos, from 1989 to 2001 credit card debt in the U.S. nearly tripled, from $238 billion to $692 billion. Add into this equation the lack of affordable housing in almost every region in the country, and an ideal environment was created for predatory mortgage lenders to take advantage of vulnerable working families.
This week we're bringing you a deep dive into how an intersectional approach to money in politics brings new voices to the movement and helps those who are most harmed by big money politics take a stronger leadership role within the movement to stop it.
ALBANY — Cleanup of hard-hit areas in New York from Tropical Storm Irene is expected to take months because roads and bridges have to be rebuilt, farms restored and infrastructure reconstructed.
While experts say the flooding was impossible to prevent, the storm that ravaged upstate wasn't initially expected because most of the original focus was on New York City and its suburbs, which ultimately didn't get hit as badly as rural areas.
Sen.
A Silverton think tank said Tuesday that Oregon's middle class faces big issues in coming years.
The Oregon Center for Public Policy, in a report called The Fraying of Oregon's Middle Class, contends that well-paying jobs are in short supply as the cost of maintaining a family continues to increase. The center compiled the report with New York-based researcher Demos.
On Thursday, President Obama will deliver a major speech on America's employment crisis. But too often, what is lost in the call for job creation is a clear idea of what jobs we want to create.
As the protests against Wall Street enter their third week, community groups and unions are beginning to join the demonstrations. The diverse group has staged almost daily marches and has been pretty much spontaneous and leaderless. Some protesters want the group to have specific goals.