As long as there have been markets, people have been driven by greed to make irrational investment decisions. When enough people get in on the action, valuations -- the prices of securities -- go haywire, soaring to obscene heights and then crashing in a shower of crushed dreams.
Chasing performance, taking on excessive risk and selling at inopportune times are all as old as capital markets themselves. What is new is the modern regulatory environment and financial innovations such as high-frequency trading. Is today's stock market the same beast it was 20 or 30 years ago? [...]
One way to think about politics today is that we have a bunch of public servants making chump change who spend an inordinate amounts of time hanging out with rich people, their noses pushed up against the window of an affluent lifestyle that they can't afford. Bad things happen in this situation.
What I learned from an Al-Jazeera America news segment last night: 16- and 17-year-olds in North Carolina could be arrested and charged as adults, in one of just two states in the nation where this is law.
WASHINGTON, DC – Yesterday, in a letter to President Obama, leaders for nonprofit voting rights organizations Demos and Project Vote alerted the White House that the application process for benefits under the Affordable Care Act (ACA) currently violates the National Voter Registration Act of 1993 (NVRA).
In the letter, the groups urge the Obama Administration to take immediate steps to bring federally facilitated health benefits exchanges (FFEs) into compliance with federal law.
As more states across the U.S. (and more countries across the world) begin adopting alternative measures they find that while GDP has been increasing, other measures of well-being have remained flat.
When millions of Americans stood in lines for hours to vote yet again in the 2012 elections, President Obama recognized that “we need to fix that.” Today, the Presidential Commission on Election Administration released a report with their recommendations on ways to improve election administration. The Commission’s recommendations are welcome but much more work remains to be done to ensure every eligible voter can exercise their right to vote.
Just three days before Kevyn Orr, the emergency manager appointed by Michigan Governor Rick Snyder to run the fiscally strapped city, filed thelargest municipal bankruptcy case in history, he signed a forbearance agreement with UBS and Bank of America/Merrill Lynch establishing a process to settle possible claims on default of $800 million of interest rate swaps.
New Legislation Is Important Step Forward; Bill Can Be Strengthened
Representatives James Sensenbrenner (R-WI), John Conyers (D-MI), Steve Chabot (R-OH), Bobby Scott (D-VA), Spenser Bachus (R-AL), John Lewis (D-GA), Sean Duffy (R-WI) and others have introduced the Voting Rights Amendment Act of 2014, offering common sense fixes designed to modernize the Voting Rights Act (VRA). Demos President Miles Rapoport issued the following statement in response:
Could Massachusetts become the next state to enact Election Day Registration? If today’s passage by the Commonwealth’s Senate chamber of omnibus voting bill S.1975 serves as indication, it very well could.
U.S. Bankruptcy Judge Steven Rhodes rejected a proposal by Detroit’s Emergency Manager Kevyn Orr to pay off a complex financial deal that was originated in 2005 and turned catastrophic for the city during the recession.
Carter adopted an emerging technique in the 1970s, hiding references to whites behind talk of ethnic subpopulations, and he also presented blacks as trying to preserve their own segregated neighborhoods. Notwithstanding these dissimulations, few could fail to understand that Carter was defending white efforts to oppose racial integration, and many liberals criticized Carter for doing so.
During his Senate hearing yesterday, Debo Adegbile, President Obama’s pick for Justice Department Civil Rights Division chief, was asked by Sen. Chuck Grassley if he would block state voter ID laws if confirmed. In his previous capacity, Adegible served as attorney and one-time acting president of the NAACP Legal Defense and Educational Fund, which has been in litigation with Texas over its voter ID law for the past three years. Adegbile also twice argued before the U.S.
Montgomery, AL – The Alabama State Conference of the NAACP, represented by attorneys from Project Vote, Demos, the Lawyers’ Committee for Civil Rights Under Law, and the law firms Sutherland Asbill & Brennan LLP and Copeland Franco, signed settlement agreements with the Alabama Secretary of State, the Alabama Department of Human Resources (DHR), and the Alabama Medicaid Agency addressing deficiencies in the state agencies’ provision of voter registration services and setting out procedures intended to guarantee compliance with Section 7 of the National Voter Registratio
Voting rights advocates are girding for a series of crucial battles that will play out over the next twelve months in Congress, in the courts, and in state legislatures. Victories could go a long way to reversing the setbacks of the last year. Defeats could help cement a new era in which voting is more difficult, especially for racial minorities, students, and the poor.
Middle-class Blacks are using credit to help cover their basic living expenses, according to a report from the NAACP and public policy research organization Demos. In the recession’s aftermath, 79 percent of middle-class African-American households carry credit card debt.