Bryce Covert

Bryce Covert is the former Editor of Next New Deal and current Economics Editor of ThinkProgress.

One person’s story shows how the credit system is still rigged and boobytrapped. My (early) New Year’s resolution was to get a credit card. You may remember that I have never had a credit card. And thus if I were on the dating market, my OKCupid inquiries would be flatly rejected. It’s not that I

As part of our series “A Rooseveltian Second Term Agenda,” a way to recognize the economic needs of the women who helped re-elect President Obama. Both candidates spent a lot of time and energy courting women’s votes this cycle. But as predicted, the gender gap yawned on Election Day and pushed Obama to victory with

A solution for our poor educational ranking and huge achievement gap is staring us in the face. America’s educational system is pretty bad at serving its students. Even Mitt Romney thinks so. In a speech yesterday, the presidential candidate called education “the great challenge of our time” and “the civil-rights issue of our era,” pointing out

Our Brave New Service Economy

More low-wage, dead-end jobs might sound good to business owners, but is that what we want for our country? One of Romney’s big selling points is that he knows the “real economy” (much like some conservatives know “real America,” I guess) because he has experience as a businessman. Conservatives have started substituting business acumen for

With layoffs, budget cuts, and a soaring unemployment rate for education grads, we’re giving college students few incentives to go into the field. This country is in desperate need of more teachers. The U.S. ranks a pathetic 24th in reading, 30th in science, and 32nd in math when our students are compared to those in other countries. But

Snowe’s reasons for leaving are an increasingly divided and uncivil Congress. That will make many women think twice about running in the first place. Maine Senator Olympia Snowe announced late yesterday that she won’t be seeking reelection for her seat. This came as a surprise to a lot of people. As Steve Kornacki says, “This

This isn’t about “moral” objections. Women’s access to contraception has been a huge driver of America’s economic dominance. It’s no secret that women’s reproductive rights have become a big news item lately, from this to this to this. Contraception in particular is now a campaign issue. George Stephanopoulos was heckled for bringing it up in

Women have yet to get even a quarter of the seats in Congress, but we make up over half the population. The first Year of the Woman was 1992, when a number of women were elected to the Senate. A lot of elections since then have been dubbed that as well, and the 2010 midterms

If we put women back to work, lifted them out of poverty, and funded social services they rely on, fewer women would turn to abortion. It seems the cat’s finally out of the bag these days: conservatives aren’t just concerned with saving the babies from abortions when it comes to reproductive rights. They are now

By assuming women are default child caretakers, the Census devalues care work, puts pressure on women, and ignores fathers completely. Anyone who knows me will be shocked to hear that I may agree with Rick Santorum on something. But while he was in the midst of ranting against radical feminists back in 2005, Santorum said

R.I.P. Mancession

Now that the gender gap in unemployment has disappeared and male-heavy industries are seeing signs of life, we can finally put the buzzword to rest. If you were one of the unfortunate few who watched ABC’s failed wannabe-Tootsie comedy Work It, you wouldn’t have known that the mancession has actually ended. But in fact last Friday’s

They don’t feel confident. No one tells them to run. Sexism plagues female candidates. Michelle Obama faced all of these problems and decided to stay out. Get ready for yet another “Year of the Woman.” It seems that every election cycle since 1992 has been thus dubbed, no matter the fluctuating results of actually getting

Instead of spending the money to train new teachers, we could focus on putting laid off teachers back to work and keeping them there by paying them better. News came out today that President Obama is announcing a new plan to spend $100 million on training 100,000 new teachers over the next decade. Responding to

To change the wage gap, we have to change systemic problems like unionization, work-family policies, and gender segregation. The first piece of legislation that President Obama signed into law after being elected was the Lilly Ledbetter Fair Pay Act. The Act expanded the statute of limitations for cases alleging pay discrimination based on gender. Yet

Can Education Be a Driver of Equality?

Finland’s educational success proves that a focus on social justice produces solid outcomes. Education was rightly big on Obama’s agenda in his State of the Union address last week. As he noted, “[T]o prepare for the jobs of tomorrow, our commitment to skills and education has to start earl[y].” He proposed solutions to getting better

Beyond some symbolic gestures, keeping women employed may be fading from the president’s radar. In President Obama’s speech before a joint session of Congress in September of last year, I didn’t expect to hear much about the womancession. But I was pleasantly surprised. The plan he put forward had the womancession in its crosshairs: it

Budget cuts for police departments and court systems mean justice won’t be handed out evenly — or at all. We can all recite the opening of Law and Order. “In the criminal justice system, the people are represented by two separate yet equally important groups: the police, who investigate crime; and the district attorneys, who

Even though they represent a majority of workers, women make less and get fewer benefits than their male counterparts. Looking for a job is a dismal affair in today’s economy, but one bright spot for hiring has been retail. Holiday employment was up 15 percent over last year, and the industry had a net gain

Women make up half the workforce, get degrees in droves, and have their own careers. So it’s little wonder that a role that requires women give that all up is an awkward fit. As long as there have been presidents in this country, there have been first ladies at their side. The role is traditionally

Supporting family planning saves the government and low-income women money. The GOP should be challenged when it threatens to take that support away. People tend to want to split debates along the line between economic issues and social ones. But that line isn’t always so easy to demarcate. Case in point: Contraception was a big

They oversee 80 percent of consumer spending. While they suffer, the economy suffers. The New York Times reported earlier this week that consumer spending, while slightly up for the holidays, wasn’t as strong as many were hoping and ended up looking pretty depressed in 2011. Consumers’ unwillingness to open up their pocketbooks and go on

The latest budget deal cuts Pell Grants, one more blow to the old system that helped students pay for college directly. It’s no secret that college graduates are struggling under huge debt loads. The overall debt owed is set to hit $1 trillion this year. Rising debt loads are fueled by two simultaneous trends: soaring

Husband buys wife a car with their combined income, without her permission. Happy holidays! Ah, the holiday car commercial. You know the one. What did dad get mom? Just a little box… with a key in it to a new car! The family rushes to the yard, where a shiny new car waits with a

As states pull back on support for childcare services, single mothers will have an even harder time building wealth and staying out of debt. Single mothers aren’t faring very well in the recovery. Their unemployment rate was 12.4 percent in November, up from 11.7 percent in June 2009. An unemployed single mother will clearly need

If women continue to be penalized for flexible work needs and depended upon for household and childcare duties, they will continue to face impossible choices. Women have made huge strides in the workforce, now accounting for half of it. But our policies haven’t kept up with them. That fact was made strikingly clear by a

If banks want to threaten capital strikes, the government should fight back by putting people to work and taking power away from banks. Last week, Massachusetts Attorney General Martha Coakley announced she would be suing the five biggest mortgage servicers over robo-signing. The very next day, GMAC Mortgage said it would withdraw most of its

The top 1 percent holds a tiny fraction of consumer debt, letting them avoid the hassle of credit card disputes. There was some good news from the New York Fed this week. Consumer debt fell about $60 billion in the third quarter of this year, and credit card accounts declined by 6 million. Overall, the

Increased parental involvement is crucial for children’s learning. To improve it, work on the challenges parents face in raising their kids. As part of the United States’ dire need for better education outcomes for our children, Thomas Friedman pointed out this weekend that research shows we may also need, as he puts it, better parents.

The City’s Attack on Information

Books dumped in the garbage. Press intimidated and shut out. These are not the signs of a functioning democracy. In recent weeks, one of Occupy Wall Street’s perhaps greatest victories became crystal clear: since the protests took off, the number of news stories talking about inequality has skyrocketed. This is perhaps one of the movement’s greatest strengths:

A word of warning to those fleeing big banks and bringing their money to nonbank lenders. This past Saturday was “Bank Transfer Day,” in which 40,000 frustrated customers joined the 650,000 who had already switched their money out of bank accounts with the Too Big To Fail behemoths to smaller community banks. The preliminary results

What might look like a win-win for state governments and beneficiaries only serves to harm them — and send profits to some of the largest banks. Consumers witnessed a victory this week when Bank of America backed off its threat to institute a $5 fee for using a debit card, following a public outcry that

The economic problems facing the average American can affect much more than a bank account. One loud message from Occupy Wall Street is an outcry against income inequality. The flipside of that issue, and another grievance of the movement, is sky-high levels of personal debt. When working Americans are taking home less during the recovery,

They may never jump the barricades, but after their pay, benefits, and job security has been put on the line, they may say ‘enough is enough.’ You could make an argument that clashes with police turned the media narrative about Occupy Wall Street from a rabble of confused hippies to a force to be reckoned

One of the biggest driving forces behind the movement is a phenomenon 30 years in the making. What could we call the economics behind the Occupy Wall Street protests and the “We are the 99%” movement? One of the most driving themes behind both is this country’s growing and embarrassing income inequality. In the aftermath

Far from dragging down Bank of America’s profits, consumers are actually giving it a boost. So why does it say it needs to charge us extra fees? It was just about a week ago that a strange fight broke out between President Obama and Bank of America CEO Brian Moynihan, Occupy Wall Street rumbling in

Why the 99 Percent is Crying Out

Occupy Wall Street is right to be angry. Americans are falling farther and farther behind. The biggest controversy over Occupy Wall Street is about what they stand for. Are they a bunch of dirty hippies with no agenda? Do they really think they can change the entire system? Why won’t they just put out a

Despite heavy criticism of both protests’ tactics, they’re serving their own important purposes. If you live in New York City, this weekend was full of angry people out on the streets — which, admittedly, is nothing that extraordinary, except for the sheer numbers. Occupy Wall Street, which has been camping out on Wall Street since

Acknowledging that our legal system can make fatal mistakes is the first step to reform. Troy Davis was executed last week in the face of considerable doubt as to whether or not he actually committed the murder of retired policeman Mark MacPhail. While many of us watched the final hours with a heart-wrenching sense of

We’re in no danger of running out to go on a debt binge — we’re too focused on paying our current loads down. It seems the Federal Reserve decided today to ignore advice sent its way from Republicans Mitch McConnell, John Boehner, and Eric Cantor. Rather than sit on its hands, the Fed decided to

While families have made progress paying down credit card bills, mortgage and student debt levels remain stubbornly high. In the run up to the financial crisis, everyone took on boatloads of debt: banks, corporations, consumers. In the aftermath, most have been eager to pay that debt off and get out from under the burden. Yet

The plan isn’t perfect, but women’s poor employment outlook seems to be on Obama’s radar. There were a lot of rumors about what would be included in President Obama’s speech to a joint session of Congress yesterday. Would it be mostly tax cuts? Would it extend unemployment benefits? How much will be spent on infrastructure

Republicans claim that allowing Richard Cordray to head the CFPB imbues him with too much power, ignoring the immense influence on the other side of the equation. This week’s credit check: The 10 Republicans blocking Richard Cordray’s nomination have received over $31 million in campaign cash from the financial sector. The median American family saw yearly

Anyone can lose their job and fall behind on bills in this economy. But now that may keep them from finding new employment. This week’s credit check: Six out of 10 employers use credit reports to vet job applicants. More than 20 million Americans may have material errors on their credit reports. There are about

Troubling long-term trends have gotten even worse as schools, government, and families cut back and student loans skyrocket. This week’s credit check: Average student debt can spiral up to $100,000 with interest and late payments. Room and board charges at colleges have doubled in actual dollars since 1982. It’s no great secret that student loan debt

Americans are focused on paying back their debts while they worry about finding jobs and bringing home enough money to pay the bills. This week’s credit check: Consumer spending accounts for 70% of the US economy. Household debt is currently 90% of GDP. There seems to be a Catch-22 right now that has a lot

If interest rates rise across the board, credit card users will feel some of the heaviest effects. This week’s credit check: Banks borrow money at .75% interest. The average credit card interest rate is almost 15%. After months of brinkmanship and showmanship over raising the debt ceiling, the deed was finally done at the eleventh

Welcome to the (Wageless) Recovery

On top of high unemployment, we’re suffering from a drop in wages in the aftermath of the recession. This week’s credit check: Wage growth fell from 3.8% in May 2007 to 1.8% in May 2011. Wage growth over the past decade was below Great Depression levels. It was a year ago this week that Treasury Secretary

Women Lost in the Debt Ceiling Deal

Although the deal averts a painful default, many of the cuts will fall on the backs of struggling women. The debt ceiling debate has finally come to a close. We are clearly all better off in a country that doesn’t default on its debt because of self constraints and intense partisan bickering. But the deal

Download the working paper (PDF) by Bryce Covert and Mike Konczal

This paper responds to the question raised by recent research from the Pew Research Center: Why are women losing jobs across virtually all private-sector industries while men are making minimal gains? A big clue can be found by looking at the specific types of jobs women are losing, mainly in administrative support roles.

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Businesses have found ways to squeeze workers and boost the bottom line. This week’s credit check: Profit margins for the S&P 500 have increased by 1.3% from 2000-2007. 53% of workers recently reported taking on new roles, while only 7% got a bonus or a raise. I recently pointed out that the so-called recovery is mostly

Tomorrow it takes on a host of oversight powers, and the nomination of Richard Cordray as director is one more step toward full functionality. It was disappointing to find out over the weekend that Elizabeth Warren won’t be picked as the first director of her brainchild, the new Consumer Financial Protection Bureau. Warren was the one

Protecting service members from predatory lending at home is the least we can do to thank them for protecting our interests overseas. This week’s credit check: Most service members make less than $31,000 a year. Payday lending can cost military families over $80 million in fees each year. Our military takes good care of its troops.

Money is flowing again, but it’s not going to workers or household incomes. This week’s credit check: Corporate profits have taken in 88% of the raise in national income since the recovery began, while household incomes only took in 1%. Whether or not this feels like a recovery, we’re technically in one. And it’s true

Low-income communities that turn to nontraditional banking products stand to see outrageous fees and interest rates reined in. This week’s credit check: 17 million Americans are unbanked. Using nonbank products can lead to over $1,100 in fees a year. As part of its mandate, the Consumer Financial Protection Bureau will begin policing both the big

No matter how good taking on debt may feel at a young age, today’s grads are being set up for disaster. This week’s credit check: Those ages 18-27 report a self-esteem boost from student loan and credit card debt. But about 9% of people ages 55-64 are still paying back student loans. A new study

Cuts to human services are concentrated in an area with sky-high poverty and unemployment rates. New York City is not unique in the fact that it’s facing severe budget cuts. In the face of a debt overhang of $112 billion in states across the nation, cities are getting less and less financial support from their

From credit scores to debt collection notifications to foreclosure paperwork, a simple mistake can cost a borrower dearly. This week’s credit check: A recent study found errors in 19.2% of credit scores. One of the top complaints of a total 140,036 to the FTC were about debt collectors’ failure to send consumers notice. This just

If workers can’t cover the basics with their income, they have to turn to credit cards. This week’s credit check: Median real income fell $5,261 over the last decade. Our total revolving debt comes to $796.1 billion. Last week’s jobs report was pretty bleak, and talk of a double dip recession looms. But for all

Republicans may claim that the Consumer Financial Protection Bureau has too much power, but the money and lobbying has piled up on the other side. Rep. Spencer Bauchus may have called the Consumer Financial Protection Bureau “the most powerful agency ever created,” but a new piece at The Nation by Ari Berman details the extensive

From harassment to arrest warrants to fake Facebook profiles, debt collection agencies are going to ridiculous lengths to track down repayment. This week’s credit check: The debt collection industry made $11.7 billion in revenue last year. Complaints about collectors account for 27% of those lodged with the FTC. As Elizabeth Warren says, “Nothing will ever

A good credit score is important for all who participate in today’s economy, but the companies in charge of them don’t answer to anyone. This week’s credit check: 90 percent of banks use credit scores in determining finance charges. Some estimates of how many reports contain errors are as high as 25%. It’s pretty much

This year’s seniors enter a terrible job market with crushing debt loads. No wonder optimism is low. This week’s credit check: The average debt load for this year’s graduating seniors is $22,900. The average salary for holders of new bachelor degrees will be $36,866 this year, down almost $10,000 from $46,500 in 2009. It’s almost

With soaring gas and commodity prices and falling income, what are working Americans supposed to do? This week’s credit check: Median income fell by $5,261 in the past decade. The average price of gas is up 80 cents per gallon. When picturing people who are so far into debt they can’t get on top of

Even as a young person, I was more interested in the gray areas than in good versus evil. In announcing Osama bin Laden’s death, President Obama invoked a simpler time in our country when we all rallied together in the wake of national tragedy: On September 11, 2001, in our time of grief, the American

Banks are fighting off an amendment to cap interchange fees even though it would curb a wealth transfer from poorest to richest. This week’s credit check: Consumers overall pay up to $48 billion more a year because of swipe fees. Low-income households end up paying $23 because of them while high-income households receive $756 every

Is Student Debt Really Worth It?

Whether or not we’re in the midst of a higher education bubble, are grads really getting enough bang for their buck? This week’s credit check: Average student loan debt is $23,186. For each $10,000 in debt a student takes on, the likelihood of taking a job in a lower paying industry drops by about 5-6

How some consumers have decided to take matters into their own hands. This week’s credit check: One man paid his debt off in 650,000 pennies. Another woman refused to make any payments on her 30% APR. So you’re swamped in debt. Maybe you, like 13.5 million Americans, are out of a job. Maybe you’re struggling

Without the work of the Consumer Financial Protection Bureau to put an end to predatory practices, struggling families will find themselves at the mercy of lenders. **Watch Bryce Covert discuss credit cards and consumer debt on CBS Money Watch’s Ask The Experts today at 2pm ET. This week’s credit check: A family with two working

A conversation with Roosevelt Institute Senior Fellow Ellen Chesler on why funding for Planned Parenthood makes dollars and sense. The Guttmacher Institute has found that for every dollar invested in family planning about four are saved. Why is that? Pregnancy is very expensive, as is raising a child, for women who can’t afford it. “There

Refund anticipation loans come with whopping fees in return for giving desperate consumers come quick cash. This week’s credit check: Refund anticipation loans cost consumers $606 million in fees and $58 million in additional charges. Taxpayers living in extremely low-income communities are 560% more likely to use these loans. With tax day bearing down on

Thought they were ancient history? Think again. This week’s credit check: Judges have signed off on more than 5,000 warrants allowing borrowers who don’t pay to be jailed since the start of 2010. Portfolio Recovery Associates, a debt buyer, made $44 million last year on $281 million in revenue, a 16% net margin. You wouldn’t

Workers are increasingly worried about retirement — and they should be. Good news about retirement out today: 90% of 401 (k) participants have regained all the money back that they had lost in their plans in the recession. But as Jill Schlesinger points out at CBS, few are skipping for joy. Why does pessimism

With skyrocketing costs and falling coverage, many Americans have to pull out the plastic to pay their bills. This week’s credit check: 17% of consumers can’t afford to pay medical bills and Americans pay about $45 billion worth of health care costs with credit cards. Today marks the one-year anniversary of the health care reform

As we strip teachers of pay, benefits, and prestige, we’ll lose more and more talent to investment banking. A new report came out recently on what the US can learn from the countries that most successfully educate their children. The most important recommendation? “Make a concerted effort to raise the status of the teaching profession.”

Regulators are going to bump up against a real Catch-22 — when you rein banking practices, some groups get cut off from credit. This week’s credit check: People of color are more likely to pay credit card interest rates of 20%. Women make up two-thirds of those seeking help for their debt loads. The ability

While increased transparency is a huge win, those less well off may still find themselves in a deeper and deeper hole. This week’s credit check: Some credit cards have a 79.9% APR and others charge $135 a year in fees. February marked the one-year anniversary of the second phase of the CARD Act‘s roll out.

Student Debt Can be Deadly

Student loans can’t be discharged in bankruptcy. Credit card debt has even led to some untimely deaths. Why are we condemning our young people? This week’s credit check: The average undergraduate student graduates college with $4,100 in credit card debt and $19,300 in student loans. Suicide is the second leading cause of death among college

The GOP may have been elected on the promise to focus on jobs, jobs, jobs, but so far the majority of its agenda has been to take away rights, rights, rights. That’s been made abundantly clear in Wisconsin, where new Republican Governor Scott Walker is using a state budget hole (that he ginned up himself)

Governors like Scott Walker in Wisconsin are looking for ways out of their pension obligations while consumers loaded with debt have few options. This week’s credit check: State budget shortfall for 44 states and DC will total $125 billion by 2012. Consumers are currently saddled with over $11 trillion in debt. The battle in Wisconsin

With high credit card debt levels and stagnant wages, the biggest threat to a relationship is finances. This week’s credit check: Forty-three percent of Americans with no financial stressors report their marriages to be “very happy.” Fifty-eight percent of families carry a credit card balance. Ah, Valentine’s Day. Roses, chocolates, cupids… and debt? While couples

Among some good news from the COP about lower pay are signs that Wall Street is already finding a run-around. Remember how Wall Street isn’t paid enough (even while executive pay has hit new records)? It looks like some people might disagree. The Congressional Oversight Panel, which oversees TARP, just released a report on the

Maxing out your knowledge of the tricks and traps in consumer debt. This week’s credit check: A record 43.6 million Americans are using food stamps. JPMorgan’s segment that makes food stamp debit cards made $5.47 billion in net revenue in 2010. You might think that if you’re on food stamps, big banks won’t be very

While Wall Street fat cats give themselves million dollar bonuses, the rest of us are more and more squeezed. Last year sucked, didn’t it? The recession dragged on, unemployment kept rising, wages fell… It turns out, though, there was one place where the streets were lined with gold: Wall Street. Yup, pay on Wall Street

Maxing out your knowledge of the tricks and traps in consumer debt. This week’s credit check: Average credit card APR is 14.72%. Interest rate for banks borrowing from the Fed is 0-.25% The latest news from the credit card industry: interest rates are soaring. Wait — didn’t the CARD act put a stop to all

Wall Street Isn’t Paid Enough

Sky-high bonuses send a clear message about where our values lie. A Bloomberg article from yesterday compared some numbers that should serve as a stark wake-up call: traders and investment bankers (read: people on Wall Street) make more in this country than neurosurgeons, cancer researchers, engineers, and four-star generals. That’s right, folks — if you

What used to be a symbol of middle class prosperity now lies in ruins. Detroit’s history tells the story of the rise of manufacturing and economic prowess in the US. It is the story of the American middle class, built on the back of a booming industrial sector. But today it’s become an omen of

Young Workers Face Bleak Old Age

An uncertain financial future makes today’s choices tough. On a visit to see my mother recently, our conversation turned to finances. She divulged that she doesn’t know how she’s going to retire, something that will likely happen within the next ten years. When she first started teaching at a public school, she had a decent

More consumers shred their plastic, but the picture may not be so rosy. Welcome to the club, eight million new people without a credit card! CNNMoney reported yesterday that credit card use is in decline, with the number of cardless people jumping up to 78 million this year from 70 million last year. In a

Book Notes: She Was One Of Us

“America’s First Citizen” knew a recession is no excuse to ignore the rights of working Americans. The latest blow to the Roosevelt legacy was reported in this weekend’s NYTimes: “Even at manufacturing companies that are profitable, union workers are reluctantly agreeing to tiered contracts that create two levels of pay.” Tactics like these have been

Despite a shift toward Republicans, women made the difference in key Democratic victories and helped defeat some mama grizzlies. There was a lot of pre-election worry that women would stay home on November 2nd, along with polls suggesting that women were ditching Democrats along with the rest of the country. And indeed, women did vote

Men might be fired up, but many women only see how much more work needs to get done. You can now count the hours until Election Day. In this home stretch, pundits, politicians, and people of all ages are trying to read the tea leaves. That the GOP will make big gains — very possibly

A Defense of Thrifty Consumers

Spending on credit isn’t the only way to get the economy humming. Jobs and a living wage can do the trick. Yahoo! Finance Economics Editor Daniel Gross had an op-ed in the NYTimes recently proving that while thrift is the new black, consumer use of credit cards is still in vogue. The decline in credit

The world can’t work without women — but are they getting a raw deal on job creation? As construction and manufacturing jobs crumble, many have dubbed this downturn a “mancession”. It’s even prompted some to declare that we are facing the “end of men”. But women shouldn’t celebrate their economic victory just yet. It’s true

On Still Not Owning a Credit Card

Soaring interest rates, loopholes and lame excuses: even after the CARD act, credit cards are risky. Sunday marked the final phase of the Credit Card Accountability Responsibility and Disclosure Act of 2009 going into effect. This last stage has good news for consumers: lenders are banned from charging fees larger than the infraction — if

We may not have our social safety net if it weren’t for her tireless work. Social Security is, rightly, thought of as one of the major accomplishments of FDR’s presidency. But he wasn’t alone in the fight, and the whole project may have failed if not for the passion of Frances Perkins, his Secretary of

Recovery means investing in our culture. **This topic will be discussed at this weekend’s Hamptons Institute symposium, sponsored by Guild Hall in collaboration with the Roosevelt Institute (details below). The WPA and other work programs during FDR’s presidency did more than just put people back to work. They created art, documented a particular time in

On Not Owning a Credit Card

Why are we forced to engage with a system rigged to keep us in debt? Good credit is like a golden key to the city. A good credit score gets you access to apartments, mortgages, and sometimes even jobs. A bad credit score will follow you around like a bad stench that you can’t wash

Reforming our immigration system is an economic issue. Immigration. “There are very few words in the English language that incite more passionate responses,” noted the first speaker, Theresa Thanjan, in last week’s forum on immigration reform at The Tank in midtown New York, Fixing a Broken System. Another speaker, Amy Sugimori, reminded the assembled crowd,

With deficit hawk hysteria raging across the globe, Ireland and the US have come into the spotlight for their debt levels. Ireland, one of the PIIGS countries (Portugal, Italy, Ireland, Greece and Spain), has a debt level that is thought to be dangerously high and unsustainable. That has led the country to go from encouraging