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?
Democratic lawmakers say allowing voters to register and cast ballots on the same day would increase election participation, but some county officials worry that it would further complicate the voting process.
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States with same-day registration have turnout rates nearly 6 percent higher than states that don’t offer it, according to Demos, a progressive public policy research group.
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.
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.
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. political system is increasingly gamed against Americans of modest means — a situation exacerbated in recent years by major changes in the nation's campaign laws.
Young adults are pulling back on credit-card debt for similar reasons, said Amy Traub, a senior policy analyst at Demos, a public policy research organization. It found that Americans age 25 to 34 cut their credit card debt in half between 2008 and 2012.
All around them, young adults are seeing signs of financial distress -- job insecurity, foreclosures, high college costs. That's making them think twice about applying for loans, she said.
I attended the oral argument in the Voting Rights Act case before the U.S. Supreme Court, and I came away even more convinced that the Court should uphold the contested parts of the law.
Section 5 of the Voting Rights Act requires that covered states "preclear" their proposed election law changes with federal officials. Nine states plus parts of seven others are "covered," and many of these areas are in the South.
The U.S. political system is increasingly gamed against Americans of modest means — a situation exacerbated in recent years by major changes in the nation's campaign laws.
That's the overriding takeaway from a new report slated for release today by Demos, a left-leaning nonprofit public policy group "working for an America where we all have an equal say in our democracy and an equal chance in our economy."
Emmett Pinkston served in the military for 30 years, first in the Marines, then in the Air Force, then in the Army. He helped coordinate security for President George W. Bush during the G8 Summit on Sea Island, Ga., in 2004, and worked as an intelligence analyst in Iraq from 2005 to 2007, some of the deadliest years of the war.
During an appearance on CNBC yesterday, Charlie Munger, deputy to billionaire investor Warren Buffett, had some harsh words for high-frequency trading, the practice used by huge financial firms to trade stocks in milliseconds. “Take the rapid trading by the computer geniuses with the computer algorithms,” said Munger. “Those people have all the social utility of a bunch of rats admitted to a granary.”
At least one CEO at a big retail company wants to see the minimum wage increased. In fact, he’d like the minimum wage to go even higher than President Obama has proposed.
High Frequency Trading (HFT) is a method used by financial institutions wherebystocks are traded in fractions of a second. The traditional means of buying and selling required bankers to manually decide whether or not something was a good investment in the (semi) long run.
Though technology and innovation have squeezed trading costs, the industry's profits are accounting for a bigger share of U.S. GDP, a former Goldman banker says, needlessly diverting some $635 bln from the broader economy. It lends credence to ideas like a transaction tax.
The affluent tend to hold a different vision of a just society than the public at large, and it is that vision which tops the political agenda in Washington and in state houses across the country.
The job market has been tough for older workers, but did you ever imagine that you wouldn’t land a job because of your credit report?
It’s possible.
As I wrote about in my Forbes blog, Bad Credit Can Cost You a Job, if you’re looking to change careers, find a new job, get promoted, or just hang onto the one you have, a messy credit report can trip you up.
It’s too late for Tonisha Howard, the mother of three in Milwaukee who was fired for leaving work to be with her hospitalized two-year-old. And forFelix Trinidad, who was so afraid of losing his job at Golden Farm fruit store in Brooklyn that he didn’t take time off to go to the doctor—even after he vomited blood.
When Vernardo and Claire Simmons-Valenzuela married, they imagined all the trappings of a middle-class life. Soon enough, they had kids. Claire finished a master's degree. They held jobs as an Army medic and a physician's assistant. They dreamed of next steps: owning a home, taking their first vacation in years. Vernardo would return to school for a bachelor’s in nursing. But when payments for the couple's $187,000 in combined student loan debt came due, most of it accrued during Claire’s graduate education, they put those dreams on hold.