In the aftermath of the financial crisis, plenty of Americans have seen their credit scores tank. But can that really affect your ability to get a job? Yes, because employers increasingly are relying on workers' credit histories in screening applications.
The U.S. Supreme Court announced Tuesday that next term it will hear McCutcheon v. Federal Election Commission, a challenge to limits on the amount of money that a single person may contribute to all federal candidates and parties over a two-year election cycle, known as aggregate contribution limits.
Despite millennials' lingering reputation as financial delinquents, it turns out not everyone drowning in credit card debt has a newly-printed college diploma and a stack of student loan bills.
Harsh, an IT professional from Tuscola, Illinois, is 62, around the age at which a lot of people start actively planning to retire to a white-sandy beach with a frozen margarita in hand.
Harsh's debt snuck up on her as she helped her two daughters with college and living costs. She went back to school after a divorce and dealt with unexpected expenses such as big dental bills. Now she has about $300 a month in minimum payments, spread across three credit cards, and the balance never seems to go down because of all the interest she is paying.
If you consider yourself part of the middle class, you could be forgiven for not standing at the ready after President Obama called for you to be reignited.
After a campaign season marked by climate silence, the President’s inaugural call for action on climate change left hope that the administration was serious about making climate a priority. And, there were parts in last night’s State of the Union that were promising, beyond the simple fact that he addressed the issue at length. First and foremost, the President tied extreme weather events to climate change.
High unemployment and underemployment forced one in four Americans to pull money out of a retirement plan to make ends meet.
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A separate study on credit-card debt done by Demos, which surveyed some 997 households, warns that middle-income households of those nearing retirement are running up huge credit-card bills.
According to the study, “Older Americans now have higher overall credit-card debt than younger people — a reversal of the trend Demos found in its 2008 survey.”
Here’s another reason why income inequality is so destructive—it’s ruining our planet and increasing the severity of climate change. A new paper from the Center on Economic and Policy Research looks at a novel way to slow climate change: reduce the hours that we work. For reasons that are not entirely understood, shorter work hours are linked with lower greenhouse gas emissions.
Alfred Carpenter, 52, was working for a high-end shoe store in 2007, when the recession put the company out of business. A long-time salesman, Carpenter wasn't worried about getting another job, but then broke an ankle a few months later and ended up in the hospital. With no insurance and a $50,000 emergency room bill, he filed for bankruptcy protection.
Then his troubles got worse. One employer after another rescinded job offers after checking his credit report, he says. He finally found work, but at a fraction of his usual pay.
We should be done by now with the idea that a corporation is a single thing. Corporations contain a multitude of conflicting interests and are much more like miniature governments with their own governance structures and election systems than is commonly recognized. While these structures are far more hierarchical and undemocratic than we require of our public institutions, Americans should not be resigned that this is the best or the only way the private sector can be structured.
Which is better for a country’s well-being: $10 million spent constructing a jail, or $10 million spent producing a line of smartphones? How about clear- cutting rain forests to produce $10 million in lumber? Or a storm that requires $10 million in repairs?
It falls into the good-luck-with-that category, but nevertheless the Wisconsin Public Interest Research Group and nine other organizations have announced they’re forming a coalition aimed at getting the Wisconsin Legislature to put an advisory referendum on the ballot about the growing problem of unlimited campaign spending.
Using political power to keep employees from organizing unions can be highly effective. That’s one forceful lesson to draw from the new figures on union membership.
When was the last time you contributed $1,000 to a political candidate or cause? For the majority of donors to Senate candidates, the answer is "very recently."
Not since the years before the Watergate scandal has a small cadre of mega-donors influenced our elections as much as wealthy givers such as casino tycoon Sheldon Adelson, DreamWorks Animation CEO Jeffrey Katzenberg, Texas homebuilder Bob Perry, and Chicago media mogul Fred Eychaner did in 2012.