Last week, student loan rates doubled as Congress failed to come to an agreement to prevent rates from going up. Rates will now jump to around 6.8 percent. This comes on top of already rapidly rising tuition rates, now up to an average of $18,497 — $22,092 for students at four-year colleges.
Since Glenn Greenwald’s blockbuster story on indiscriminate NSA spying on phone and Internet records, there has been appropriate outrage about American privacy and basic fourth amendment freedoms.
After last week’s explosive revelations from The Guardian and Washington Post about the government’s massive spying and cyberattack programs, there has already been one important victory — the United States is once again debating its massive security state.
After last week’s explosive revelations from The Guardian and Washington Post about the government’s massive spying and cyberattack programs, there has already been one important victory — the United States is once again debating its massive security state.
Patriot Coal, a massive coal company that operates mines along Appalachia and the Illinois Basin, moved recently to get out of its collective bargaining agreements it has with its unionized workforce represented by the United Mine Workers of America (UMWA).
News broke last week that President Obama will be nominating former Bush Deputy Attorney General to head the Federal Bureau of Investigation (FBI). Comey’s nomination has stirred a debate about civil liberties and the surveillance state, but one issue that has not arisen is what he plans to do about the bureau’s approach to financial fraud.
News broke last week that President Obama will be nominating former Bush Deputy Attorney General to head the Federal Bureau of Investigation (FBI). Comey’s nomination has stirred a debate about civil liberties and the surveillance state, but one issue that has not arisen is what he plans to do about the bureau’s approach to financial fraud.
The past six months has seen numerous one-day strikes by fast food workers across the country, in cities like Chicago, New York City, and Detroit. The point of these strikes is to draw attention to the low wages and little to no benefits that fast food and other retail workers receive.
Reports indicate that President Obama plans to nominate Harvard economist Jason Furman as his next head of his Council of Economic Advisers. This would be very bad news for progressives because of Furman’s advocacy for right-wing policies. Here’s five reasons why Furman shouldn’t be Obama’s top economic adviser:
Late last year, the Chicago Teachers Union (CTU) held a seven day strike that won more money for arts and music education, more compensation, funding for supplies and textbooks, among other concessions.
Since news broke that the IRS inappropriately audited a variety of grassroots tea party groups, Congress has started a number of investigations aimed at figuring out why the agency engaged in this behavior.
While Chicago insists it must close these schools to close budget gaps, it has just announced that it will be dedicated as much as $100 million in public funds for the construction of a new basketball arena at DePaul University — which is about a third of the cost of the project.
As Senator Elizabeth Warren (D-MA) has said, the nation’s biggest banks have essentially gained “too big for trial” status, and the federal government has failed to prosecute any executive at a Big Bank for financial fraud.
While Wall Street has escaped prosecutions, thousands of Americans have been arrested in the course of protests against the banks. As of May 2013, that number is 7,736 — according to the website Occupy Arrests, which tracks arrests.
As the provisions of the Affordable Care Act — referred to as Obamacare for short — begin to come online, congressional Republicans have continued to obsess over repealing the law altogether. Republicans don’t seem to have any regret over the fact that repealing Obamacare has taken precedence over other issues, like jobs.
In 2012, the IRS ramped up its audits of wealthy taxpayers, and shockingly found a massive rate of under-paying taxes. It audited one in eight tax filers with incomes over $1 million, concluding that about 75 percent of these millionaires failed to pay the taxes they owed.
Student Loan Debt Is Over $1 Trillion: As of last year, student loan debt exceeded a whopping $1 trillion. “Young consumers are shouldering much of the punishment in the form of substantial student-loan bills for doing exactly what they were told would be the key to a better life,” said Rohit Chopra of the Consumer Financial Protection Bureau at the time.
In this contest, you can nominate a disabled American you know as a local hero and say why you think they deserve to win a wheelchair accessible van. Web visitors then vote on these individuals and whoever receives the most votes will win a van.
The think tank Global Policy Solutions released a report that should cast further doubt on chained CPI. It finds that, if enacted, chained CPI “will disproportionately harm African Americans who have dramatically fewer sources of wealth to draw upon compared to whites.”
The failure of the Manchin-Toomey legislation yesterday to expand background checks for gun purchases has been blamed on a variety of factors. But one key detail is the fact that the gun lobby — consisting of the National Rifle Association, Gun Owners of America, and other groups funded by the gun industry — was a major fundraiser for Senators that opposed the reform bill.
The failure of the Manchin-Toomey legislation yesterday to expand background checks for gun purchases has been blamed on a variety of factors. But one key detail is the fact that the gun lobby — consisting of the National Rifle Association, Gun Owners of America, and other groups funded by the gun industry — was a major fundraiser for Senators that opposed the reform bill.