Shaun McCutcheon doesn’t like that there is a cap on the total amount of money that one person is permitted to contribute to federal candidates, parties, and political-action committees. And he is hoping that, someday soon, the Supreme Court will grant his wish by striking these limits when it rules on his case, McCutcheon v. Federal Election Commission.
As we await a decision from the Supreme Court in the McCutcheon v. FEC money in politics case, the Justices themselves heard from a protester who rose in the courtroom to proclaim that “money is not speech, corporations are not people” and to urge the Court to “overturn Citizens United.”
The ink is barely dry on the report from President Obama’s election administration commission and states are already disregarding its blue-ribbon recommendations, namely around early voting. The endorsement of expanding the voting period before Election Day was one of the strongest components of the bipartisan commission’s report.
Through the Procurement Act, Congress centralized management of government contracts and gave the president license to use his judgment in setting federal contracting practices.
This week, the Federal Reserve Bank of New York offered continuing evidence of the student debt crisis. Outstanding student debt again topped $1 trillion in the fourth quarter of 2013, making it the second-largest pool of debt in the nation behind mortgages. This has tripled in just a decade, as higher-education prices increased faster than medical costs, up 500 percent since 1985.
In the last four parts of this series, I have discussed the problems of our current student loan system, the potential for an income-based repayment system, and the difficulties of a graduate tax. This leaves us with another proposal: universal free undergraduate public higher education. [...]
When Louisiana lawmakers convened in 1898 to update the state constitution, one of the major complaints among them was that the recently ratified 15th Amendment prevented them from disenfranchising black people as they desired. The president of that convention, E.B. Kruttschnitt, proclaimed that a white majority would eventually overcome the 15th amendment’s voting rights mandate. Said Kruttschnitt:
The Genuine Progress Indicator (GPI) includes 26 indicators to give a broader picture of the sustainability of growth. It is a better measure than GDP.
As long as there have been markets, people have been driven by greed to make irrational investment decisions. When enough people get in on the action, valuations -- the prices of securities -- go haywire, soaring to obscene heights and then crashing in a shower of crushed dreams.
Chasing performance, taking on excessive risk and selling at inopportune times are all as old as capital markets themselves. What is new is the modern regulatory environment and financial innovations such as high-frequency trading. Is today's stock market the same beast it was 20 or 30 years ago? [...]
One way to think about politics today is that we have a bunch of public servants making chump change who spend an inordinate amounts of time hanging out with rich people, their noses pushed up against the window of an affluent lifestyle that they can't afford. Bad things happen in this situation.
As more states across the U.S. (and more countries across the world) begin adopting alternative measures they find that while GDP has been increasing, other measures of well-being have remained flat.
Just three days before Kevyn Orr, the emergency manager appointed by Michigan Governor Rick Snyder to run the fiscally strapped city, filed thelargest municipal bankruptcy case in history, he signed a forbearance agreement with UBS and Bank of America/Merrill Lynch establishing a process to settle possible claims on default of $800 million of interest rate swaps.
Carter adopted an emerging technique in the 1970s, hiding references to whites behind talk of ethnic subpopulations, and he also presented blacks as trying to preserve their own segregated neighborhoods. Notwithstanding these dissimulations, few could fail to understand that Carter was defending white efforts to oppose racial integration, and many liberals criticized Carter for doing so.
Quite like Hollywood's, the glitterati of the university depends on a semi-translucent support crew. There are papers to grade, lab-rats' necks to snap, low-level requisite classes to teach, exams to proctor, online discussions to moderate, etc. As U.S. college enrollment has nearly tripled between 1970 and 2010, this arduous and quasi-intellectual scut work has accumulated quicker than ever.
Generations Initiative is a network of leaders, organizations, and communities that work together to raise awareness and promote solutions to harness America's current demographic revolution to our country's advantage. It aims to build on the strengths of each generation to ensure our democratic and economic vitality. The goal is to catalyze action that transforms these demographic shifts into an asset for our collective future.
President Obama has proclaimed that thanks to the Volcker Rule "never again will the American taxpayer be held hostage by a bank that is `Too Big to Fail', " the reality is a bit more complicated.
Though the rule issued today by financial regulators seeks to ban proprietary trading -- essentially gambling with federally insured deposits -- some experts argue that banks will find ways to get around the restrictions to continue engaging in risky behavior. [...]