Our personal information is compiled, traded, analyzed, and sold off as never before. Not only do business and government track us online, but retailers trace our cell phones through stores, and vast, little-known databases can keep us from getting jobs, qualifying for loans, and opening bank accounts. Three news reports this week highlight the growing impact of these databases on our daily lives—and the critical need for oversight to ensure that information is compiled accurately, that errors can be fixed, and that the resulting data is used fairly rather than becoming a new means of discrimination against already-disadvantaged citizens.
The most often repeated attack on the Affordable Care Act is that the law is a "job killer"—an anti-business spool of red tape that will strangle free enterprise from coast to coast.
In fact, one of the biggest obstacles that entrepreneurs face when starting a new business is affording health insurance. Leaving a job where you have coverage to do your own thing has been very costly—since individuals have tended to face the highest premiums in a deeply dysfunctional insurance market.
It had to be orange. Pink is overused, green is for environmentalists, and purple isn’t a Texas kind of color. But orange is Texas, it’s the color of the UT Longhorns, and it’s gender neutral. Months before the special session of the Texas legislature was called, the main organizers of the pro-choice protests had already decided that their t-shirts were going to be orange.
Former Governor Eliot Spitzer announced his run for NYC Comptroller yesterday and this morning on the Brian Lehrer show, he attacked his opponent, Scott Stringer, for opting into public financing. Spitzer said, “He (Stringer)’ll be spending your money, I’ll be spending my own.” This characteristic of public financing is misleading and wrong. In fact, public financing is one of the only tools constituents have to combat the corrosive influence of money in our electoral system.
I recently read The Future of School Integration: Socioeconomic Diversity as an Education Reform Strategy, the latest in a long line of Century Foundation books on similar topics. The authors of the book argue that placing poor kids in lower-poverty schools substantially improves their educational outcomes. More provocatively, the authors argue that these socioeconomic composition effects improve outcomes at even higher rates than traditional strategies like introducing additional funding, training, teaching strategies, and other special programs into high-poverty schools.
On Monday, the Oregon Senate unanimously passed a bill already passed by the Oregon House that creates a study committee to develop a pilot program for making Oregon public higher education tuition-free (I, II). From The Wall Street Journal:
Is the National Security Agency wasting tax dollars by paying Booz Allen to handle routine intelligence tasks, such as the systems administration work that 29-year old Edward Snowden was doing for $122,000 a year? It sure seems that way.
Yesterday, New York Governor Andrew Cuomo unveiled his own proposal for public financing of campaigns. The governor’s proposal adds to several others currently under consideration to get money out of the electoral system in the state. After a year of high-profile corruption scandals and arrests, it’s clear that something must be done.
The Senate confirmation vote on Richard Cordray this week won’t have much to do with Richard Cordray.
As I wrote when the Senate Banking Committee considered the Cordray nomination back in March, nobody disputes the idea that the former Ohio Attorney General, who has led the CFPB since January 2012, is highly competent and supremely qualified to continue in his position. Nor is the impact of the agency itself in doubt: in 2012 alone, 6 million U.S. consumers received refunds from financial services companies as a result of CFPB enforcement actions, according to Americans for Financial Reform, and the agency has handled more than 130,000 consumer complaints since it opened its doors less than two years ago.
Whether it’s protecting consumers from the type of reckless and deceptive mortgage lending that sparked the economic downturn or beginning to oversee the massive credit reporting companies that shape the financial lives of American consumers, the CFPB has proven itself to be a critical consumer watchdog.
In 2011, Jacob Hacker wrote a ground-breaking paper in which he coined the phrase predistribution. Under Hacker's definition, predistribution refers to measures governments take to reduce or eliminate inequality in market incomes. This differs from redistribution, which Hacker uses to mean measures states take to reduce or eliminate inequality after market incomes have been distributed, for instance through taxes and government benefit programs.
My name is Roxanne Mimms and I work for a food service contractor at the National Zoo. I work full time but make barely minimum wage. I’m here because workers can’t live off what contractors pay us. I’m here because I don’t want my two children to grow up on public assistance. I’m here because I have dreams – My American Dream is a good job with fair wages to provide for my children, being able to pay my bills on time and save for the future. I’m here because I want to help all the workers at the National Zoo whose dreams are on hold.”
The financial services industry is second to none in dreaming up ways to rip off Americans. Show me a a financial product—credit cards, mortgages, checking accounts, 401(k)s, annuities—and I'll show you a stack of consumer complaints documenting how banks and other firms have sought to bleed dry the American public.
The Economic Policy Institute published a report yesterday on the supposed shortage of professionals in science, technology, engineering, and math (STEM). You've probably heard of the crisis by now. America is not producing enough STEM degrees. This will be the death of innovation and global competitiveness. We must reorient higher education to convert more liberal arts students into STEM students. And so on.
The problem with this alleged crisis is that it is not real. As the EPI report lays bare, the common wisdom about our STEM problem is mistaken: We are not facing a shortage of STEM-qualified workers. In fact, we appear to have a considerable STEM surplus. Only half of students graduating with a STEM degree are able to find STEM jobs. Beyond that, if there was an actual shortage of STEM workers, basic supply and demand would predict that the wages of STEM workers would be on the rise. Instead, wages in STEM fields have not budged in over a decade. Stagnant wages and low rates of STEM job placement strongly suggest we actually have an abundance of STEM-qualified workers.