This report presents new research on the scope of federally-supported employment in the private economy and shows how, using our over 1.3 trillion dollars in federal purchasing, the President of the United States can place over twenty million Americans on a pathway to the middle class.
WASHINGTON, DC – Citing a recent report which found an alarming 1000-to-1 pay disparity between fast food CEOs and their front line workers, Senator Menendez again called on Securities and Exchange Commission Chair Mary Jo White to finalize its rule requiring publicly traded companies to disclose the ratio between the compensation of their CEO and median worker, as directed by Section 953(b) of the Dodd-Frank “Wall Street Reform Act”.
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(New York, NY) – Today, national public policy organization Demos will release a new report examining the latest CEO-to-worker compensation ratios of the largest publicly traded fast food companies and shows that the fast-food industry has the greatest pay disparity in our economy, with ratios exceeding 1,000-to-1.
NEW YORK— Yesterday, New York joined ten states and the District of Columbia to enact a National Popular Vote Interstate Compact (NPVIC) proposal. NPVIC, if enacted, would award all of a state’s electoral votes to the winner of the national popular vote, ensuring the winner of the popular vote wins the presidency. NPVIC, which takes effect when enacted by states representing a majority of electors, has now received over half of the state laws it needs to be realized.
New York adopting the National Popular Vote proposal is a victory for democracy
ALBANY—Attorney General Eric T. Schneiderman today announced new legislation to restore accountability and ensure access to the ballot box by eliminating baseless and intimidating challenges to voter eligibility at the polls on Election Day. Under current law, voters who are challenged at the polls are required to recite an oath affirming their right to vote. The challenger, on the other hand, has no such obligation.
NEW YORK—Today, Demos released the following statement applauding Attorney General Eric Holder’s support for restoring the voting rights of people with past felony convictions. Holder spoke at Georgetown University Law Center in Washington, D.C., saying “It is time to fundamentally reconsider laws that permanently disenfranchise people who are no longer under federal or state supervision.”
Demos’ Vice President of Legal Strategies, Brenda Wright, said this of the news:
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.
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.
Judge Rhodes ordered the city and the banks to renegotiate their settlement which would have paid the banks 75 cents on the dollar. Despite a unanimous city council vote against it, the Emergency Manager is currently pushing the city to enter into another financial deal with Barclays to pay off the swaps termination fees.
WASHINGTON—Today,Senator Elizabeth Warren (D-MA) introduced The Equal Employment for All Act. This legislation would prohibit the widespread use of personal credit history in employment, an unjust practice that poses a serious barrier to economic security for many Americans and leads to discriminatory hiring practices against people of color and the long-term unemployed.
Generations Initiative is a network of leaders, organizations, and communities that work together to raise awareness and promote solutions to harness America's current demographic revolution to our country's advantage. It aims to build on the strengths of each generation to ensure our democratic and economic vitality. The goal is to catalyze action that transforms these demographic shifts into an asset for our collective future.
NEW YORK -- In response to the final, approved version of the Volcker Rule, Demos Senior Fellow Wallace Turbeville, aformer investment banker and the author of Demos' recent Volcker Rule explainer and The Detroit Bankruptcy report, released the following statement:
The Volcker Rule is a requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 that is sometimes referred to as a “mini-Glass-Steagall.”
New research illustrates ways in which the current economic difficulties of African American households are compounded even further by a legacy of discriminatory policies that have left African Americans with significantly fewer assets and lower rates of homeownership than white households.
Modest Pension Benefits Play Little Role in Financial Crisis
DETROIT — In their push for bankruptcy, Emergency Manager Kevyn Orr and other public figures are incorrectly looking at Detroit’s long-term debt—figures generated using aggressive and in some cases inaccurate assumptions—to the detriment of solving the City’s immediate cash-flow crisis and its long-term structural challenges, according to a report released Wednesday by Demos.