NerdWallet underlies its findings with a report by public policy organization Demos from last summer, which added the further frightening fact that among folks investing in 401(k) plans, a full two-thirds had no idea they were payinganything at all for their 401(k) (which actually makes all of the folks who guessed wrong in NerdWallet's poll look pretty smart by comparison).
As New York policymakers, led by Gov. Andrew Cuomo, consider a comprehensive package of campaign finance reform, they should look at Connecticut to see just how much a strong small-donor public financing program can improve the legislative process and relieve lawmakers of the burdens of high-donor, special-interest fundraising.
As some New York state lawmakers consider publicly financed campaigns to thwart public corruption in state politics, a liberal-leaning public policy think tank has released a report showing how a voluntary public financing system in Connecticut has contributed to a more "representative and responsive" Legislature there since its implementation in 2008.
As some New York state lawmakers consider publicly financed campaigns to thwart public corruption in state politics, a liberal-leaning public policy think tank has released a report showing how a voluntary public financing system in Connecticut has contributed to a more "representative and responsive" Legislature there since its implementation in 2008.
ALBANY, NY – Connecticut’s public campaign finance program is making the state legislature more responsive to voter priorities, helping lawmakers spend more time with constituents, and reducing the power of moneyed special interests, according to a compelling report released today that underscores the potential impact of similar reform in New York State.
The drumbeat for public financing pounded loudly on Monday when good government groups and Connecticut Secretary of State Denise Merrill visited the Capitol to make the case for campaign finance reform.
A group of activists and politicians from Connecticut came to Albany Monday to promote their brand of public financing, which has been in place since 2008. According to supporters, including Sec. of State Denise Merrill, public financing for the legislature and statewide offices has led to a number of (mostly progressive) policy breakthroughs including an unclaimed bottle bill (sound familiar?) higher minimum wage and most importantly, a deeper, more diverse pool of candidates, with a 41 percent increase in the number of contested seats.
ALBANY, NY – As New York State considers campaign finance reform, the national public policy center Demos will release a new report detailing how public financing is improving Connecticut’s legislative processes and relieving lawmakers of special interest burdens at a press conference in Albany on Monday, April 22nd at 11:00 AM.
WASHINGTON, D.C. – The Corporate Reform Coalition calls on newly confirmed SEC Chair Mary Jo White to act now to require disclosure of corporate political spending. A record-breaking 500,000 investors and members of the public have submitted comments supporting the rule, demonstrating the importance of this issue. Chair White should seize this pivotal opportunity to safeguard shareholders by providing them with information necessary for their investing decisions.
Like many New Yorkers, Hazel B. of Queens struggled to get by after she was laid off from her job as an accounts receivable administrator. A single mother of two, Hazel relied on credit cards to make ends meet while she looked for work.
Finally, she found a job opening that looked promising. She went on two interviews and took a test given by the potential employer. She believed she had performed well, but then word came back that Hazel would not be hired because of negative information in her credit report.
Once you get your hard-earned dollars into your 401(k), it’s painful to think they might not begetting you the highest return possible. Before you go any further, those who aren’t contributing regularly to a 401(k) or another type of tax-advantaged retirement account, such as a Traditional or Roth IRA, need to start now. While making that 10 or 15 percent contribution from your paycheck can be tough, there’s no excuse to not plan for supporting yourself in your old age.
Massive fraud in the high-speed trading markets is escaping detection because regulators and exchanges are dithering on a powerful supercomputer to uncover the scams, The Post has learned.
And as retail investors begin dipping their toes back into stocks, now at record prices, the market watchdogs are asleep at the wheel.
NEW YORK, NY – In advance of the release of this month’s job figures, national public policy center Demos today issued a new report analyzing the lasting economic effects of youth unemployment.
Nowadays, whenever Social Security comes up in policy debates around Washington, the discussion often focuses on how best to cut benefits in order to shore up the program’s finances.
The company an employee works for makes all the difference. Over the course of a 40-year career, workers at some companies lose tens of thousands of dollars in 401(k) fees and earnings -- sometimes more than double the savings lost by workers at other firms, according to an exclusive analysis of about 2,300 company 401(k) plans by FutureAdvisor, an online financial adviser.
Fittingly, perhaps, Cuomo’s single biggest misstep in office can be tied to the power of moneyed interests. After fighting long and hard, the governor was forced to abandon a scheme to build a $4 billion convention center in Queens, as part of a joint venture with the Genting Group, a Malaysian corporation.
WASHINGTON -- A bipartisan cadre of House lawmakers will move on legislation to deregulate Wall Street derivatives Wednesday, less than a week after Sen. Carl Levin (D-Mich.) released adevastating report on the multibillion-dollar derivatives debacle at JPMorgan Chase.