Blacks Are Trapped in a System of Financial Barricades

Richard Cordray and the Federal agency he heads, the Consumer Financial Protection Bureau (CFPB), have been in the cross hairs of right wing Republicans and the corporations they front for since the agency opened its doors in 2011 to confront the abuses exposed in the financial crisis of 2008. The agency’s work to level the […]

50 Years Later, War on Poverty Is a Mixed Bag

To many Americans, the war on poverty declared 50 years ago by President Lyndon B. Johnson has largely failed. The poverty rate has fallen only to 15 percent from 19 percent in two generations, and 46 million Americans live in households where the government considers their income scarcely adequate. But looked at a different way, […]

Blogging Our Grand Divide Our Racial Wealth Gap Is No Accident

Party platforms are dense and often morosely boring documents filled with wonkish policy proposals and partisan jeers at the other side. At over 40 pages, this year’s Democratic Party platform lives up to its predecessors in length and ennui. However, it also includes a section not yet seen in platforms from either side: an acknowledgement of the […]

Even Top Wage Earners Can’t Keep Pace With Soaring CEO Pay

Os now make almost 280 times what a typical American worker pulls in annually, according to a new report from the Economic Policy Institute (EPI). But it’s not just disgruntled workers with stagnant wages – the group that many say has found a voice in Donald Trump – who are being left in the financial […]