Latonya Suggs is one of 15 former students of Corinthian-owned schools called "the Corinthian 15" who are engaging in what they say is the nation's first student debt strike. They're refusing to pay back both their private and their federal student loans.
Strike Debt is helping provide legal support for the students for the consequences of the strike, which will be harsh if the group isn't relieved of its debts.
In America, there is a strongly held conviction that with hard work, anyone can make it into the middle class. Pew recently found that Americans are far more likely than people in other countries to believe that work determines success, as opposed to other factors beyond an individual’s control. But this positivity comes with a negative side — a tendency to pathologize those living in poverty.
When Congress narrowly missed another government shutdown in December by passing the “cromnibus” bill, much of the press coverage focused on Capitol Hill’s ongoing dysfunction. However, buried inside the bill was yet another blow to campaign finance regulations, dramatically increasing the amount of money donors can give to political parties. A single couple can now give up to $3.1 million to a political party over a two-year election cycle, a six-fold increase.
Most people want to believe that their place in the world is something they earned, either through hard work, preparation, or both. I understand this sentiment. As a native of a country that reveres Horatio Alger-inspired tales of upward mobility, the idea that our status might be attributed to something we can’t control seems unfathomable.
The U.S. economy has finally slugged its way out of the ditches.
The Wall Street Journalreports that Department of Labor job numbers indicate that the labor market improved in all 50 states, Puerto Rico and Washington D.C. in 2014.
For about a month now, New England has been pummeled with massive winter storms, leaving large swaths of the region with feet of snow and frequently making travel impossible.
This week a group of former students calling themselves the Corinthian 15 announced that they were committing a new kind of civil disobedience: a debt strike. They are refusing to make any more payments on their federal student loans.
In the wake of the recent gutting of the Voting Rights Act, partisans were quick to jump on the opportunity to restrict unfavorable voters. Across the country, conservatives in particular have debated fiercely whether to pursue voter suppression to remain competitive in an increasingly diverse electorate.
(New York, NY) – Earlier this week, President Obama directed the Department of Labor to begin the rulemaking process for a fiduciary rule, a new regulation that would require financial advisors and brokers to act in the best interest of people saving for retirement. In the new explainer Why the Fiduciary Rule Matters, Demos Senior Policy Analyst Robert Hiltonsmith finds that this new regulation could save Americans nearly $25 billion from lower fees and translate into an additional $60 billion in returns.
Remember when Walmart got panned for running a Thanksgiving food drive for its own employees—overlooking the irony of demonstrating noblesse oblige by asking customers to subsidize the workers the company itself impoverished? The retail giant took a more strategic approach last week when rolling out its latest do-gooder scheme: raising its base wage incrementally to $10 an hour.
The fastest-growing occupation in the U.S. is also among the lowest paid.
The aging of America's baby boomers has led to a surge in demand for home care workers to look after the nation's elderly, as well as the disabled and chronically ill. The work is as essential as it is poorly paid. Home health aides do everything from checking a client's vital signs and administering medications to looking after people's dietary needs and even operating life-sustaining equipment, such as ventilators.
Hollywood made a lukewarm attempt last night to acknowledge their failures at diversity. This strategy was summed up by Neil Patrick Harris’ early quip, “Tonight, we honor Hollywood’s best and whitest—I mean brightest,” followed by mellow laughter from the audience.
Phil Ashburn started working at Western Electric in 1972 and stayed there for 30 years, even after the company split up. Eventually he ended up at a phone company called Pacific Bell. “It was a great company to work for. The company took care of you and you took care of the company,” he said.
In response to Walmart's announcement to raise the wage for 500,000 employees, Demos Senior Policy Analyst Catherine Ruetschlin issued the following statement:
Walmart just gave half a million people a raise. Could you be next?
The retail giant announced on Thursday that it would increase the minimum pay for its workers to $10 an hour, affecting roughly a third of its 1.4 million employees. [...]
By law, employers in the U.S. cannot make hiring decisions based on applicants' age, race, sex or religion. But what about their credit history?
A disturbing new report by the think tank Demosexplains how companies across the country are using credit checks to vet potential employees. Researchers found that one in seven people with poor credit reported being told they wouldn't be hired for a job because of their financial history.
Mayor Bill de Blasio's vision for the five boroughs is to move past the "tale of two cities," to create "a city where everyone has a shot at the middle class," he said during his State of the City address earlier this month.
But just who is part of New York City's middle class? It is not an exact science. Here's why. [...]
A City Council report from 2013, however, expanded the definition of middle class upward to a family earning roughly $200,000.
Two new studies by political scientists offer compelling evidence that the rich use their wealth to control the political system and that the U.S. is a democratic republic in name only.
After years of hardship, America’s middle class has gotten some positive news in the last few months. The country’s economic recovery is gaining steam, consumer spending is starting to tick up (it grew at more than 4 % last quarter), and even wages have started to improve slightly. This has understandably led some economists and analysts to conclude that the shrinking middle phenomenon is over. [...]