Before the Great Recession, the financial sector had consistently been eating up a greater and greater share of the economy. In 2007, it accounted for a whopping 40 percent of corporate profits. Before 1950, the financial sector made up less than 3 percent of GDP; now it makes up more than 8 percent.
WASHINGTON (MarketWatch) — Massachusetts Senator-elect Elizabeth Warren is likely to focus her efforts on the Senate Banking Committee in areas that go far beyond her bread-and-butter expertise in consumer protection, analysts say.
Even though the ads are gone and the election season is over (for now), the distorting impact of all that ad money permeates our entire political process.
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.
Just sixty-one individuals gave $285.2 million to Super PACs in the 2012 elections, contributing the same amount as 1,425,500 small grassroots donors to the major party presidential candidates, according to a new report from Demos and U.S. PIRG.
This report, the fourth in a series, focuses on "the overwhelming influence of a tiny number of wealthy donors."
WASHINGTON – A new analysis of data through Election Day from the Federal Election Commission (FEC) and other sources by U.S. PIRG and Demos shows that 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 two major-party presidential candidates.
It's a sign of our shadowy times that the latest regulatory "reform" bill hasn't been laughed out of Washington. Same goes for the latest bankers' complaint, this time about being asked to cover their own bets. And if you think it's bad now, wait and see what happens if Romney takes over.
Think "global catastrophe."
While bank-friendly politicians offer insipid legislation, the world economy is still at risk. And it could get worse.
NEW YORK -- Nearly 9 in 10 Americans agree that there is way too much corporate money in politics, and 51 percent strongly agree, according to a new poll released today by the Corporate Reform Coalition. The survey, conducted by Bannon Communications, found overwhelming support for strong, common sense reforms to ensure transparency and accountability for corporate political spending.
NEW YORK – National public policy organization Demos is joining hundreds of non-partisan groups for National Voter Registration Week, beginning September 24, to help counter attacks on the freedom to vote and ensure that the nation’s elections are free, fair, and accessible. Next week, for the first time ever, concerned citizens across the nation are coming together, pulling out all the stops, to make sure that every eligible voter is registered and able to vote in this critical election year.
A mid-September sunny day in New York City draws those with the day off to go to the parks and laze along the avenues, walking by the workers on call, cleaning up after tourists, holding together a city that always seems held together by the sweat of its massive workforce and a dose of city pride. Beneath the massive Washington Arch, a woman in a wheelchair, beside other men and women in wheelchairs and other prosthetic devices, holds a sign that says, “Occupy Wheelchairs.” The Occupy Wall Street Disability Caucus is holding an assembly to proclaim its presence at Occupy, Year 2.
Four years ago today, Lehman Brothers collapsed as Hank Paulson and his colleagues made the fateful decision that free market principles demanded that at least one bank crippled by the deteriorating financial system had to be sacrificed at the altar of moral hazard. These “deciders” had no idea of the firestorm they were igniting. They did not foresee that the financial system that had evolved during 30 years of deregulation (based on specious economic theory and ideology) was so interconnected that it would collapse like a house of cards. Within a few weeks, the U.S.
Demos conducted a nationwide survey of low- and middle-income households in early 2012. The findings in this brief summarize the relationship between college costs and credit card debt, and its impact on students and their parents.
NEW YORK – As millions of young adults begin their fall semesters across the nation, new findings from a national survey by policy center Demos reveal the relationship between college costs and credit card debt, and its impact on students and their parents.
The last few weeks have not brought good news for those of us wanting a future powered by clean energy. Thesouthern portion of the TransCanada pipeline is under construction. On top of that, New York State will lift its moratorium and allow fracking to occur in the state.
Summertime in an election year in Colorado always has a certain excitement. Candidates marching in parades, petitioners gathering signatures at festivals ... some years we even get regular visits from the presidential candidates. Coloradans experience democracy in action well before Election Day.
Representative John Dingell (D-MI), the longest-sitting member of Congress, introduced a bill Thursday designed to force the Supreme Court to reconsider its Citizens United decision. Along with at least ten co-sponsors, Dingell's Restoring Confidence in Our Democracy Act, would ban corporations and unions from making independent political expenditures. It would also subject Super PACs to the same contribution limits that exist with other PACs.
Americans are, for the most part, completely unaware of just who -- or what -- is funding the 2012 presidential campaign.
Just 25 percent of likely voters say they have heard "a lot" about outside spending this election cycle, according to a new poll from the Pew Research Center, while a huge majority said they have either heard little or "nothing at all" about outside expenditures by groups not associated with the candidates or campaigns.
The 2012 elections are on track to be the nastiest in recent memory. By the tail end of primary season, in May, 70 percent of all presidential campaign ads were negative, up from a mere 9 percent at the same point in 2008.