Bernie Sanders rang in the New Year with a rally in downtown Manhattan renewing his call to break up the big banks and jail executives who break laws. He also distilled the damage done by a predatory unconstrained economy into a single theme: for a long time, the rich have been getting richer as everyone else is mired in wage and wealth stagnation or worse.
The Financial Infrastructure Exchange (FIX) is a federal tax-and-subsidy program to promote long-term investment in a financial system that otherwise prioritizes short-term gains.
Federal Reserve Board Chair Janet Yellen is living in a bubble because the Fed just doesn’t see that. Perhaps the Fed wants to put the brakes on an economy already struggling up a hill on low fuel? Amy Traub, a senior policy analyst at Demos, believes the Fed’s interest-rate hike is a “small step toward slowing down the economy.”
Although the Paris Climate Deal certainly represents a step forward for the international community, there are still many potential pitfalls to addressing climate change. New data suggest that the overwhelmingly white donor class may be one such obstacle.
“For let it be agreed that a government is republican in proportion as every member composing it has an equal voice in the direction of its concerns…” Thomas Jefferson Letter to Samuel Kercheval, July 12, 1816
Buckley v. Valeo is a January 30, 1976 Supreme Court case that struck down key pieces of Congress’ post-Watergate money in politics reforms, and set the structure of modern campaign finance law.
As the Republican presidential candidates gather tonight, it’s worth noting where they’re debating. Sheldon and Miriam Adelson, the biggest outside spenders in the 2012 election, own the casino where CNN will host the debate, and have been meeting with several of the candidates to decide who to endorse. They’ll certainly be watching tonight.
In my latest at Salon I explore a new working paper by political scientists Stephen Ansolabehere and Brian Schaffner, the most comprehensive examination of voters and nonvoters that has ever been performed. As I note my piece, studies of non-voters have been difficult because of small samples and because people often misrepresent whether they voted.
Last Wednesday a mass shooting in San Bernardino, the 355th this year, prompted a debate about the need for gun control. In an incredibly rare decision, the New York Times ran a front-page editorial calling for gun control.
There’s recourse available to people who find themselves in cycles of unpayable debt; it’s called bankruptcy. Unfortunately for student debtors, education loans are exceedingly difficult to discharge in bankruptcy, which makes little sense in an era where college is unattainable for most without student loans, and where student debt is the highest form of non-mortgage debt in the economy.
What’s up with working-class whites? It’s a question that’s been asked for decades, and has been raised again recently in the discussion surrounding an Alec MacGillis piece examining Matt Bevin’s recent election gubernatorial win in Kentucky, which could leave many in Kentucky without Medicaid.
In light of the terrorist attack in Paris, lawmakers across the country are demanding President Obama shut down our borders and stop the resettlement of Syrian refugees in America, stoking widespread fear about these men, women and children. At this moment, twenty-four governors have announced that their states will not accept Syrian refugees.
Expanding access to the polls is not a partisan issue—vetoing it is. The Democracy Act passed as a pro‑voter issue, and the governor’s veto does the exact opposite.
The concept of Short-Termism is fast becoming the darling of progressive economic policy wonks. Predictably, the discourse is littered with inaccuracies and half-truths as pundits rush to publish so as not to be left behind. It is time for a serious convening of interested experts to sort through the issues, but none is scheduled. Until one is convened, a brief walk through the weeds is in order.
The second democratic debate is approaching on Saturday, and the American people want to know: if elected, what will the candidates do to get big money out of our democracy?
I worked with a New Jersey coalition to pass this bill, and we watched it quickly move through the state legislature and reach Governor Chris Christie’s desk this past June. Even though the bill was supported by the vast majority of Governor Christie’s constituents, the bill then languished for over half a year before yesterday’s veto.