Columbus, OH — Ohio's noncompliance with a federal voter registration law could land the state in legal jeopardy, according to a letter sent by several national voting rights and election reform organizations to Secretary of State Kenneth Blackwell. In the letter, dated May 12, 2006, Blackwell was warned that Ohio's continuing failure to comply with a 13-year old federal law that requires states to offer voter registration to its low-income citizens could lead to a lawsuit. A prominent national law firm has already taken the first step in initiating litigation against the state.
New York, NY and Boston, MA — This week, Demos: A Network for Ideas & Action and the National Voting Rights Institute (NVRI) announced that they have signed an affiliation agreement. Longtime allies on national and state election reform campaigns, the Demos / NVRI collaboration will combine the strategy and resources of two of the nation's leading public policy and advocacy organizations.
New York, NY — Many of New York's local boards of election are systematically and illegally preventing thousands of eligible New Yorkers from registering to vote, according to a new study released by the Brennan Center for Justice at NYU School of Law and Demos.
New York, NY — Today, Demos, a national election reform and voting rights organization, issued the following statement condemning the passage of new restrictive voter ID requirements in New Hampshire, Pennsylvania, Ohio and Georgia. Ohio Gov. Bob Taft and Georgia Gov. Sonny Perdue have already signed the bills, while the bills in New Hampshire and Pennsylvania will arrive at their governors' desks next week.
Robert Frank, an economist at Cornell University, for instance, found that in counties with the widest income gaps, rates of personal bankruptcy and divorce rates were higher than average.
Draut argues that "with the possible exception of having a larger array of entertainment and other goods to purchase, members of Generation X appear to be worse off by every measure" than prior generations.
Boston, MA — A Poll commissioned by the National Voting Rights Institute (NVRI) revealed overwhelming support for election campaign spending limits as a way of improving the fairness, honesty and integrity of elections.
According to the advocacy group Demos, the average balance among lower- and middle-income households is $8,650.
"World News Tonight's" special series "Credit Crunch" aims to help you get on the road to becoming debt free.
A fraudulent appraisal "can lead homeowners to borrow more money than their homes are worth, putting themselves at risk of being 'upside down' in a home -- e.g. not being able to sell for a high enough price to pay off their mortgage," according to a briefing paper on appraisal fraud put out by Demos, a New York-based think tank.
Americans owe $800 billion in credit card debt, more than triple the amount from 1989, and a 31 percent increase from five years ago, according to a recent report, "The Plastic Safety Net," by the Center for Responsible Lending, and Demos, a research group based in New York.
The study found that a third of low- and middle-income American households used credit cards for basic expenses - rent, groceries and utilities - in any 4 of the last 12 months.
Those with the worst credit card debt were people ages 50 to 64, who owed $9,124
A major survey released by the think tank Demos provides some important new insights on how average American families are using credit cards.
The implication is hard to escape: many middle- and low-income American families are using consumer credit as a way to weather fluctuations in their finances.
Demos, a non-partisan election reform group, said higher voter turnout, especially among youth, reversed a decades-old trend of low electoral participation. The group said about 120 million voted in the Nov. 2 election, an increase of 15 million voters from 2000.
Election Day registration, or EDR, makes it possible for new voters, the recently relocated and those whose registrations were incomplete or lost, to participate without unnecessary hurdles, the group said.
That all portends "payment shock" for those with adjustable-rate mortgages whose loans are due soon to adjust, said Javier Silva, senior research and policy associate with the public policy research group Demos in New York City. "Lots of ARM customers are experiencing payment shock already, and we're only see the first wave of adjustments upward," Silva said. "People didn't understand how much their interest rate could rise, or were unprepared for it. I'm not surprised that we're seeing rising foreclosures.
According to Javier Silva, a senior research and policy associate with Demos, a New York think tank and public policy organization, homeowners' equity fell from an average of 68.3 percent to 55 percent between 1973 and 2004. Americans now own a smaller stake in their homes than they used to. In the 1950s, they owned nearly 80 percent.
If real estate appreciation slows or declines, homeowners without equity that is firmly established may find themselves owing more than their houses are worth.
According to a Demos study, Americans from 2001 to 2003 cashed out $333 billion in equity from their homes. Many did so to pay off credit card debt and finance ongoing living expenses -- both good and noble financial causes.
The study concluded that Americans own less of their homes today than they did in the 1970s and early 1980s.
Professor Robert Frank of Cornell University, the author of Luxury Fever, compares conspicuous consumption in an economy like ours to the military arms race, and we already know that's destined to end in mutually assured destruction.
The key to countering this headlong rush towards ever-more expensive disappointment is to switch from conspicuous to inconspicuous consumption.
Testimony on the need to restore Section 5 of the Voting Rights Act’s protections against purposeful racial discrimination in jurisdictions that are subject to the Section 5 preclearance requirement.
"The Plastic Safety Net" study found that middle- and low-income households were racking up credit card balances just to cover everyday expenses. One-third of the 1,000 survey respondents said that basic living expenses contributed to their current debt level.