Henry Ford famously decided in 1914 to pay many of his workers the then incredible sum of five dollars a day, which was substantially higher than the prevailing wage at the time.
Baby boomers are the first generation in American history to be entering retirement saddled with debt, including unpaid balances on credit cards.
The financial crisis in 2008 that sent the economy into a recession crippled many baby boomers’ retirement accounts, forcing many to stay in the workforce or significantly alter their retirement lifestyle plans. Now, the oldest of the boomer generation are receiving Social Security checks alongside notices from bill collectors.
NEW YORK -- With $4 trillion in annual revenue, over 15 million employees and projections to be one of the largest sources of new jobs in the next decade, the retail sector plays a vital role in the economy, wielding great influence over the living standards for many Americans.
Despite President Obama’s important, even landmark, accomplishments, by the time November 6 arrived, many Americans were disappointed with his first term. They expected him to be a “transformational” president who would somehow, single-handedly, change Washington’s political culture.
Just sixty-one individuals gave $285.2 million to Super PACs in the 2012 elections, contributing the same amount as 1,425,500 small grassroots donors to the major party presidential candidates, according to a new report from Demos and U.S. PIRG.
This report, the fourth in a series, focuses on "the overwhelming influence of a tiny number of wealthy donors."
No doubt the new International Energy Agency (IEA)'s latest World Energy Outlook will be cause for celebration for the fossil fuel industry. In it, IEA points to the strong oil and gas production in the U.S. and predicts that by within a decade or so, the U.S. will become the world's largest oil producer, surpassing Saudi Arabia and Russia. By 2030, North America could be a net oil exporter and, around the same time, the U.S. will likely be energy independent.
WASHINGTON – A new analysis of data through Election Day from the Federal Election Commission (FEC) and other sources by U.S. PIRG and Demos shows that just 61 large donors to Super PACs giving an average of $4.7 million each matched the $285.2 million in grassroots contributions from more than 1,425,500 small donors to the two major-party presidential candidates.
NEW YORK -- Today, the Supreme Court of the United States announced that it will review the constitutionality of Section 5 of the Voting Rights Act of 1965, a landmark law in the advancement of voting rights.
In response to this decision, Vice President for Legal Strategies Brenda Wright released the following statement:
Whatever your opinion of the election’s outcome, there seems to be have been a lot of agreement this year with President Obama’s assertion that the voting process itself is something “we have to fix.” One place to get a bird’s-eye view of Election Day chaos—besides your local polling place—was at one of the call centers set up by the Election Protection Coalition, a collection of voting and civil-rights advocates that runs a hotline, 1-866-OUR-VOTE, to help voters on Election Day.
New York -- Voting rights experts at national public policy organization Demos will again pull out all the stops on Pre-Election and Election Day to ensure that every eligible voter is able to vote in this critical election year. To protect the fundamental freedom to vote, Demos works with advocates and policymakers around the country to foster an inclusive democracy, decrease bureaucratic barriers to voter registration and civic participation, and monitor the fair administration of elections.
Of course, no one should attempt to vote if he or she is not legally registered, but documented cases of actual voter fraud are rare. True the Vote is aiming to train as many as one million poll “observers,” and the scope of that effort far exceeds any real problem of illegal voting; instead, it seems intended to intimidate voters. As True the Vote’s top organizer reportedly told recruits during a training session in South Florida, their job is to make voters feel as if they are “driving and seeing the police following you.” This isn’t a civics lesson.
WASHINGTON -- More than half of the nation's 400 richest citizens have contributed money to help elect President Barack Obama or former Massachusetts Gov. Mitt Romney to the White House. These members of the Forbes 400, who boast a combined net worth of $1.7 trillion -- more than 10 percent of the country's gross domestic product -- have donated more to affect the outcome of the presidential race than ever before.
It's a sign of our shadowy times that the latest regulatory "reform" bill hasn't been laughed out of Washington. Same goes for the latest bankers' complaint, this time about being asked to cover their own bets. And if you think it's bad now, wait and see what happens if Romney takes over.
Think "global catastrophe."
While bank-friendly politicians offer insipid legislation, the world economy is still at risk. And it could get worse.
5. Will old-school voter intimidation and suppression come into play?
This refers to all the steps that have been taken by the GOP in recent years to complicate the voting process, discourage participation and scare off new voters.
The money is the story. The money is the only story. The money was not the only story ever since this campaign began, which was 15 minutes after the past one ended, but it became the only story on January 21, 2010, when the Supreme Court reversed a lower-court decision in the case of Citizens United vs. Federal Election Commission, thereby demolishing almost a century of state and federal laws aimed at controlling the system by which we finance our political campaigns.
NEW YORK -- Nearly 9 in 10 Americans agree that there is way too much corporate money in politics, and 51 percent strongly agree, according to a new poll released today by the Corporate Reform Coalition. The survey, conducted by Bannon Communications, found overwhelming support for strong, common sense reforms to ensure transparency and accountability for corporate political spending.