Economy and Business

Paving the Road to a Hungrier, Unhealthier, and Less-Educated Nation

Paving the Road to a Hungrier, Unhealthier, and Less-Educated Nation

The number of poor children had already grown by 2.1 million in 2009, over pre-recession levels, with continuing high joblessness among parents raising concerns that poverty will continue to worsen for some time. Since kids who spend more than half their childhood in poverty earn on average 39 percent less than median income as adults, we can expect lasting costs that will hurt the nation’s future economic growth.

And yet, a majority of House lawmakers want to narrow the deficit by making things worse for today’s kids.

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Separate but Unequal Borrowers

Separate but Unequal Borrowers

Home ownership as we know it could be a thing of the past if a proposed Qualified Residential Mortgage Rule (QRM) takes effect. The proposed rule would be especially damaging to the homeowner aspirations of minority and working class citizens, as I recently explained in a letter to the heads of the six federal agencies charged with developing risk retention regulations under the Dodd-Frank Wall Street Reform Act. Here’s why.

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Enough Budget Slashing, Let’s Flip

Our country once had a more widely shared appreciation for both public services and the workers who provide them, including firefighters, teachers, and police officers. Today, however, state legislatures across the country are singing a very different tune. Instead of raising new revenue to protect those services and workers, states are slashing from their budgets the things that make our nation strong.

Cutting to get out of a deficit is like digging to get out of a ditch. It puts everything we value at risk. But it doesn’t have to be this way.

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The SEC’s Revolving Door

The SEC’s Revolving Door

If you’re looking for evidence of the revolving door that spins between the federal government and Wall Street, look no further than Daniel Gallagher, President Barack Obama’s recently announced nominee for Securities and Exchange Commission commissioner.

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Stop Investing in Sexism

Stop Investing in Sexism

My entire working life, roughly 50 years, I’ve been hearing the same old excuses for women not advancing in corporate America. Two are dominant: “we can’t find qualified women,” and “just wait until the pipeline gets filled and things will automatically get better.”

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