On a new survey which finds that hedge funds and traders of stocks and bonds are predicted to see bonuses drop by as much as 10 percent from last year.
Connecticut’s investment in higher education has decreased considerably over the past two decades, and its financial aid programs, though still some of the country’s most expansive, fail to reach many students with financial need.
For decades, free high-school education helped strengthen the middle class and generate prosperity. So isn’t it time to extend the same thinking to college?
When people like me write about the middle class, it has nothing to do with envy or class warfare—two shopworn epithets that should be retired from the political lexicon. The condition of the middle class—its size, income and self-confidence—reveals the extent to which economic growth increases opportunity. When the middle class is shrinking, when incomes of middle-class families are stagnating and when the heart of American society is losing hope in a better future, then the U.S. economy is in trouble. And so is the political system. [...]
How bad a problem is inequality? Are working-class people getting screwed? Should we raise taxes on the rich? Is the United States, in short, a fundamentally unfair place? These are the questions that keep awake policy analysts and fuel endless dinner-party debates. But there's one group that is not losing very much sleep over them: rich folks.
The FDIC estimates there are 10 million people living in the U.S. who do not have a bank account — that’s one out of every 13 households. Nearly 33 percent of people living in Starr County, TX can’t write a check. In one census district in Savannah, GA, over 42 percent of residents are unbanked. The unbanked are usually poor, often minorities, and find themselves shunned by banks that can’t make money off them. Typically, they end up turning to predatory check cashers and payday lenders. Many also feel a great sense of social division between themselves and those who have bank accounts.
Democrats in tight races have found a new villain this election cycle: student debt.
“It totally limits your options of what you can do,” said one student in an ad from Kentucky U.S. Senate candidate Alison Lundergan Grimes, who accuses Senate Minority Leader Mitch McConnell of having “turned his back on the students” for blocking Sen. Elizabeth Warren’s student loan refinancing bill.
A number of states have laws demanding citizens produce documentary evidence of citizenship to register to vote. These laws have far-reaching implications for voter participation in our democracy.
From here to the Midwest, the actions of law-enforcement authorities form the big political topic of the summer of 2014.
Sen. Rand Paul (R-Ky.) — often labeled a tea party conservative — drew particular attention for his statements on the troubles in Ferguson, Missouri, following the shooting death of Michael Brown by a white police officer. He linked a “militarization of law enforcement” to a more general “erosion of civil liberties and due process.”
There's little debate that college costs have risen over the past decade and that the increase has hit the wallets of families hard — especially those in the greatest need.
Los Angeles lawmakers were expected to vote Wednesday on a proposal to renegotiate or terminate an interest rate swap deal from the mid-2000s that critics say now costs the city millions of dollars a year in fees. If successful, the initiative could make the city the nation's largest to challenge ballooning Wall Street levies that accompany similar interest rate swap deals throughout the nation.
Reformers in Washington are looking for a few good scandals.
Watergate led to the biggest overhaul of campaign finance law in the past century. Outrage over donors sleeping in the Lincoln Bedroom and Enron influence peddling helped spur the 2002 McCain-Feingold overhaul. And the Jack Abramoff affair got Congress to act quickly on lobbying and ethics reform.
A year after a conservative U.S. Supreme Court majority gutted the crown jewel of the civil rights movement, the 1965 Voting Rights Act (VRA), the nation’s foremost voting rights attorneys say that racial discrimination in voting is rampant, especially in southern states where the the VRA helped to ensure access to the ballot.
Once upon a time, America invested in its young people so that they could enter the world without debt. College was meant to provide opportunity and strengthen the overall economy by creating a better- educated workforce. Looking at the numbers today, I can only think that our current system has failed this generation.
Nate Silver has already dubbed the 2014 election as "the least important in years." But this year's midterms are still breaking records for at least one thing: Secret political spending.