Posted inEconomic Policy

American Dream Fading Fast, Study Finds

When the American economy crashed in 2008, economists took care to use the term “Great Recession” to distinguish the severity of the first major downturn of the 21st century from the 1929 stock market crash that ended up in the history books as the Great Depression. But there’s one byproduct of the recession that has […]

Posted inLaw and Justice

Democrats Ramp Up Calls for Garland Confirmation Hearing

Senators Charles Schumer and Sheldon Whitehouse took to the steps of the Supreme Court Wednesday to demand that the Senate give Merrick Garland, President Obama’s Supreme Court nominee, a fair confirmation hearing. League of Conservation Voters (LCV) activists joined them, carrying boxes containing petitions with more than 200,000 signatures gathered nationwide calling on Republican senators […]

Posted inHousing and Transportation

Poverty, Not Gentrification, Is the Biggest Barrier to Affordable Housing

When the mainstream media cover housing affordability issues, journalists often hone in on gentrification. Young, mostly white, college educated people are moving into urban cities, they say, followed by yoga studios, coffee shops, and luxury apartments. This influx of affluent individuals allegedly fuels the displacement of the poor. These narratives may be popular, but research […]

Posted inMoney, Politics, and Power

Is Donald Trump a Bald Bald-Faced Liar?

It is well established that Donald Trump is a liar. Many journalists have documented his consistent disregard for the truth. For example, the highly regarded Politifact points out that 76 percent of Trump’s statements are “mostly false,” “false,” or “pants-on-fire” outrageous lies. But Politifact didn’t bother to investigate Trump’s comments about one of his most […]

Posted inEconomic Policy

CFPB Takes Aim at Payday Loan Debt Traps

For two decades, the payday loan industry has preyed on low-income workers by offering short-term loans with sky-high interest rates and fees. Now the five-year-old Consumer Financial Protection Bureau is taking the first major steps to curb the sector’s predatory practices. Under the proposed regulations announced this week, payday lenders must ensure that a borrower […]

Posted inMoney, Politics, and Power

The Hidden Irony of GOP Outrage over the VA Secretary’s Disney Comparison

Poor VA Secretary Bob McDonald. Neither he nor the Veterans Health Administration he oversees can ever catch a break. On May 23, a reporter questioned McDonald about the VHA’s tracking of patient appointment times around the country. McDonald’s predecessor was forced to quit over allegations of appointment delays and a cover-up at a Phoenix VHA […]

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