Viddler > All tags- money for seeprogress

A Close Look at Payday Lending

Tue, 07 Apr 2009 15:31:00 GMT

http://www.americanprogress.org/issues/2009/03/recovery_reinvestment101_update.html What are payday loans and why do people use them? Who borrows from payday lenders? An why are policymakers focused on these loans in particular? CAP's Amanda Logan explains.

By seeprogress

Tags : american, bank, cap, credit, debt, economy, loan, logan, money, obama, payday, progress, recession

The Case for Health Reform

Thu, 02 Apr 2009 13:34:00 GMT

http://www.americanprogressaction.org/issues/2009/03/public_plan.html Why do we need health insurance reform? Who will benefit from health insurance reform? And what is at stake if Congress is unable to pass health insurance reform? CAP's Peter Harbage explains why we need health reform, who will benefit from it, and what's at stake if Congress is unable to enact reform.

By seeprogress

Tags : congress, debt, doctor, health, insurance, medicine, money, obama

President Obama's Priorities for the Economy--ASK THE EXPERT

Mon, 09 Mar 2009 14:03:01 GMT

http://www.americanprogress.org/issues/2009/02/ambitious_action.html What does President Obama's budget say about his administration's priorities? How does the budget balance economic recovery and the deficit? And is this a budget that Congress will be able to pass? Michael Ettlinger of the Center for American Progress answers these questions in the latest installment of CAP's ASK THE EXPERT series.

By seeprogress

Tags : american, bank, budget, cap, credit, debt, dollar, economy, employment, ettlinger, job, layoff, market, money, mortgage, obama, progress, recession, seeprogress

Rescuing the Economy: How Does the Stimulus Work?

Thu, 05 Feb 2009 19:50:01 GMT

http://www.americanprogress.org/issues/2009/01/recovery_reinvestment101.html Michael Ettlinger from the Center for American Progress explains why the US economy needs a stimulus bill passed that leads with public investments. THE FACTS 1) WE ARE LOSING 15,000 JOBS A DAY. 2) THIS BILL IS ABOUT JOBS: IT SAVES JOBS, CREATES JOBS, HELPS PEOPLE WHO LOST THEIR JOBS, and LAYS THE FOUNDATION FOR FUTURE JOBS. 3) CONSERVATIVES ARE PUSHING THE SAME, OLD FAILED BUSH POLICIES THAT GOT US HERE IN THE FIRST PLACE – tax cuts that benefit big corporations and CEO’S at the expense of the middle class. STIMULUS BACKGROUND: 1) SAVES AND CREATES 3-4 MILLIONS JOBS: The recovery bill will save jobs that are currently on the chopping block and create jobs by making targeted investments and boosting economic activity. Relief for state and local governments will help them avoid making the layoffs of police, firefighters and teachers, more spending cuts, and tax increases that will worsen the downturn. Stemming the downturn will protect private sector jobs that are on the verge of being cut. The recovery bill will make targeted investments that will create millions of jobs. For example, the recovery bill’s… Investments in energy will create 459,000 jobs. Investments in infrastructure will create 377,000 jobs. Investments in education will create 250,000 jobs. Leading economists like Mark Zandi have concluded that targeted spending is the most efficient way to create jobs in a recession 2) HELPS PEOPLE WHO LOST THEIR JOBS: The recovery bill will help people who lost their jobs with middle-class tax cuts and investments in programs that will put money in the hands of people who will spend it and protect the most vulnerable. The “make work pay” tax cut will give $1,000 to 95 percent of families. Expanding unempl

By seeprogress

Tags : american, bank, cap, congress, economy, education, energy, health, jobs, money, obama, progress, recession, recovery, stimulus

The Tyranny of Dead Ideas - Matt Miller with David Brooks

Mon, 12 Jan 2009 16:12:01 GMT

http://www.mattmilleronline.com/ What's the greatest threat to our economic future? The things we think we know but don't... America is at a crossroads. In the face of global competition and rapid technological change, our economy is about to face its most severe test in nearly a century—one that will make the recent turmoil in the financial system look like a modest setback by comparison. Yet our leaders have failed to prepare us for what lies ahead because they are in the grip of a set of "dead ideas" about how a modern economy should work. They wrongly believe that * Our kids will earn more than we do * Free trade is always good, no matter who gets hurt * Employers should be responsible for health coverage * Taxes hurt the economy * Schools are a local matter * Money follows merit These ways of thinking—dubious at best and often dead wrong—are on a collision course with economic developments that are irreversible. In The Tyranny of Dead Ideas, Matt Miller offers a unique blend of insights from history, psychology, and economics to illuminate where today's destructive conventional wisdom came from and how it holds our country back. He also introduces us to a new way of thinking—what he calls "tomorrow's destined ideas"—that can reinvigorate our economy, our politics, and our day-to-day lives. These destined ideas may seem counterintuitive now, but they will coalesce in the coming years in ways that will transform America. A strikingly original assessment of our current dilemma and an indispensable guide to our future, Miller's provocative and path-breaking book reveals why it is urgent that we break the tyranny of dead ideas, for it is only by doing so that we can move beyond the limits of today's obsolete debates and reinvent American capitalism and democracy for the twenty-first century.

By seeprogress

Tags : american, cap, dead, economy, environment, green, ideas, matt, miller, money, progress, progressive, stimulus, tyranny

EQUAL PAY: Batgirl vs Chamber of Commerce

Tue, 09 Dec 2008 19:28:01 GMT

www.outofthewayoffairpay.org What would your family do with $434,000? Improving pay equity would create substantial economic gains for women and their families. A new report found that women lose approximately $434,000, on average, over a 40-year period because of the gender wage gap. The gender wage gap is the annual difference in median wages between men and women who are employed full-time and it widens over time. Other studies show that moms, especially single moms, fare even worse with the gender wage gap. The Lilly Ledbetter Fair Pay Restoration Act and the Paycheck Fairness Act are important steps to making sure that women are paid what they are worth by making it easier for women to recover lost wages due to bosses who discriminate and by requiring the federal government to be more proactive in preventing and battling wage discrimination. But the U.S. Chamber of Commerce is standing in the way of fair pay by opposing pay equity reform proposals in Congress that are needed to achieve pay equity. Tell the U.S. Chamber of Commerce what your family would do with $434,000 and more importantly, tell the Chamber to get out of the way of fair pay!

By seeprogress

Tags : american, batgirl, batman, congress, employment, equal, fairness, job, labor, ledbetter, money, pay, progress, progressive, salary, women, work

A Green Recovery: Tom Friedman, Carol Browner & Gov Ed Rendell

Tue, 02 Dec 2008 02:05:02 GMT

http://www.americanprogress.org/issues/2008/09/pdf/green_recovery.pdf Introduction by: Joseph Romm, Senior Fellow, Center for American Progress Featured Speakers: Governor Ed Rendell (D - PA) Thomas Friedman, columnist, New York Times; author, Hot, Flat, and Crowded: Why We Need a Green Revolution -- and How It Can Renew America Carol Browner, Principal, The Albright Group LLC Moderated by: Bracken Hendricks, Senior Fellow, Center for American Progress At a time of fiscal belt tightening, when some would put environmental priorities on the back burner, there are many who believe that investing in a green economy now is the best way to achieve both short and long term economic solutions. A recent paper by the Center for American Progress and the University of Massachusetts Political Economy Research Institute, "Green Recovery: A Program to Create Good Jobs and Start Building a Low Carbon Economy," finds that to promote economic mobility, growth, job creation, and regain technological leadership in the global innovation marketplace, we must fundamentally change how we produce and consume energy in this country and transform our economy to a low-carbon model. Investing in clean energy and efficiency will enable the United States to regain technological leadership in the global innovation marketplace, grow our economy, reduce global warming emissions, and invest in national security. Please join the Center for American Progress and three of the country's leading advocates for investments in a green economy for a discussion on how each step of an economic recovery package (stabilization, stimulus, recovery, and growth) can be greened, and explore both national and state perspectives on policy solutions towards transforming our economy to a low-carbon model.

By seeprogress

Tags : american, browner, cap, climate, credit, economy, energy, environment, friedman, green, job, money, oil, progress, progressive, rendell, security, seeprogress, technology, tom

HIGHLIGHTS: A Green Recovery, A Low Carbon Economy

Tue, 02 Dec 2008 01:34:01 GMT

http://www.americanprogress.org/issues/2008/09/green_recovery.html ntroduction by: Joseph Romm, Senior Fellow, Center for American Progress Featured Speakers: Governor Ed Rendell (D - PA) Thomas Friedman, columnist, New York Times; author, Hot, Flat, and Crowded: Why We Need a Green Revolution -- and How It Can Renew America Carol Browner, Principal, The Albright Group LLC Moderated by: Bracken Hendricks, Senior Fellow, Center for American Progress At a time of fiscal belt tightening, when some would put environmental priorities on the back burner, there are many who believe that investing in a green economy now is the best way to achieve both short and long term economic solutions. A recent paper by the Center for American Progress and the University of Massachusetts Political Economy Research Institute, "Green Recovery: A Program to Create Good Jobs and Start Building a Low Carbon Economy," finds that to promote economic mobility, growth, job creation, and regain technological leadership in the global innovation marketplace, we must fundamentally change how we produce and consume energy in this country and transform our economy to a low-carbon model. Investing in clean energy and efficiency will enable the United States to regain technological leadership in the global innovation marketplace, grow our economy, reduce global warming emissions, and invest in national security. Please join the Center for American Progress and three of the country's leading advocates for investments in a green economy for a discussion on how each step of an economic recovery package (stabilization, stimulus, recovery, and growth) can be greened, and explore both national and state perspectives on policy solutions towards transforming our economy to a low-carbon model.

By seeprogress

Tags : american, browner, climate, economy, energy, environment, friedman, green, jobs, money, oil, podesta, progress, recovery, rendell, technology, tom

The Green Collar Economy - Van Jones of the Center for American Progress

Wed, 19 Nov 2008 16:21:42 GMT

http://www.americanprogress.org/issues/energy In "The Green Collar Economy", Center for American Progress Senior Fellow, acclaimed activist and political advisor Van Jones delivers a real solution that both rescues our economy and saves the environment. The economy is built on and powered almost exclusively by oil, natural gas, and coal—all fast-diminishing nonrenewable resources. As supplies disappear, the price of energy climbs and nearly everything becomes more expensive. With costs and unemployment soaring, the economy stalls. Not only that, when we burn these fuels, the greenhouse gases they create overheat the atmosphere. As the headlines make clear, total climate chaos looms over us. The bottom line: we cannot continue with business as usual. We cannot drill and burn our way out of these dual dilemmas. Instead, Van Jones illustrates how we can invent and invest our way out of the pollution-based grey economy and into the healthy new green economy. Built by a broad coalition deeply rooted in the lives and struggles of ordinary people, this path has the practical benefit of both cutting energy prices and generating enough work to pull the U.S. economy out of its present death spiral.

By seeprogress

Tags : american, biofuel, climate, coal, crisis, earth, economy, energy, environment, global, green, jobs, jones, money, oil, poverty, progress, progressive, science, solar, sustainable, van, wind

Mortgages Are Troubled Assets - Rescuing the Economy

Tue, 18 Nov 2008 04:09:00 GMT

http://www.americanprogress.org/issues/2008/11/barr_mortgage_crisis_testimony.html Andrew Jakabovics of the Center for American Progress explains that the about face by Treasury Secretary Henry (Hank) Paulson misses the mark -- the troubled US mortgage markets are the root of the international financial crisis.

By seeprogress

Tags : bush, economy, money, mortgage, paulson, street, subprime, wall

Change for America: A Progressive Blueprint for the 44th President Part 4

Fri, 14 Nov 2008 22:52:31 GMT

http://www.americanprogressaction.org/issues/2008/changeforamerica/ Change for America: A Progressive Blueprint for the 44th President is a framework to help the next administration steer the government in a new, more progressive direction. In conjunction with the release, we are hosting a series of exciting panels on economic policy, national security, democracy, and climate change led by the authors of the book. Read About the book and download online exclusive chapters thru the link above.

By seeprogress

Tags : american, cap, care, congress, credit, debt, economy, energy, environment, government, health, house, iraq, money, president, progress, security, seeprogress, stimulus, war, white

Change for America: A Progressive Blueprint for the 44th President Part 1

Fri, 14 Nov 2008 22:48:09 GMT

By seeprogress

Tags : america, american, blueprint, change, debt, economy, energy, environment, for, money, obama, president, progress, progressive, security, stimulus

Rescuing the Economy: The U Turn

Fri, 14 Nov 2008 09:35:01 GMT

http://www.americanprogress.org/issues/2008/11/restoring_confidence.html Michael Ettlinger of the Center for American Progress offers his thoughts on the Treasury's about face on the economic rescue plan as President-elect Barack Obama and a new Congress will take office in less than 70 days amid the greatest financial market and economic challenges our nation has faced since the Great Depression. The economy is likely in a recession—one that could be a long and deep. We are engaged in two wars overseas. Skyrocketing health care costs are consuming too great a share of our economy and threatening to create an unsustainable national debt. Our continued heavy reliance on fossil fuels exposes our economy to volatile oil prices and supply disruptions as well as the potentially catastrophic costs of climate change in the coming decades. Aggressive action is needed to restore economic confidence and growth. We need action now to stimulate the economy, starting at once and lasting as long as necessary. Immediate government investments can put us on a path to recovery while also speeding the arrival of accessible, affordable health care, an economy powered with clean, sustainable, and secure sources of energy, and an education system that prepares our children for good jobs and keeps good jobs in America. These steps will help the economy through a period of economic weakness and lay the foundation for shared economic growth in the decades to come. These investments in economic stimulus and recovery will contribute to a higher budget deficit in the short term. But we cannot be penny wise and pound foolish. Strong economic growth will do far more to put us on the path of fiscal health than shortchanging needed investments today.

By seeprogress

Tags : american, bush, credit, debt, ettlinger, greenspan, invest, market, money, mortgage, paulson, progress, street, subprime, treasury, wall

Millennials & The US Economy - ASK THE EXPERT

Wed, 12 Nov 2008 01:03:02 GMT

How have young American's views on the economy changed in recent years? Why are the views of young blacks, Hispanics, and whites more similar now? And will this diverse group of Millennials affect the political landscape and upcoming election? Amanda Logan from the Center for American Progress answers these questions in the latest installment of CAPs ASK THE EXPERT series.

By seeprogress

Tags : american, bailout, credit, debt, development, economy, education, logan, millennials, money, progress, progressive, seeprogress, trade, youth

Sick & Broke: Elizabeth Edwards on Health Care Policy

Tue, 28 Oct 2008 18:08:07 GMT

During this historic election year, health care is a focal point of the national debate. Elizabeth Edwards, author and Senior Fellow at the Center for American Progress, examines the current health care system, offer her suggestions for reform, and discuss the role young people can have in one of America’s top domestic priorities. The discussion was moderated by Ezra Klein, Associate Editor at The American Prospect.

By seeprogress

Tags : campus, care, debt, disease, doctor, drugs, edwards, elizabeth, health, hospital, mccain, medical, medicine, money, nurse, obama, policy, progress, sick

How's Your Retirement Looking? ASK THE EXPERT

Wed, 15 Oct 2008 18:56:14 GMT

http://www.americanprogress.org/issues/2008/10/econ_snapshot.html How has the financial crisis affected Americans' retirement income? Why is it important to make better retirement plans a priority? What would an ideal retirement plan look like? Dr Christian Weller, Senior Fellow at the Center for American Progress, answers these questions in the latest installment of CAP's ASK THE EXPERT series.

By seeprogress

Tags : 401k, bailout, bank, bush, economy, finance, market, money, paulson, retirement, seeprogress, stock, street, wall, weller

Fixing the Credit Markets - Rescuing the Economy

Thu, 02 Oct 2008 18:40:01 GMT

http://www.americanprogress.org/issues/2008/09/economic_recovery.html In these tumultuous days, it is often overlooked that the fate of Wall Street is, in this particular case, especially intertwined with the fortunes of Main Street. The connecting link isn?t just a matter of stock market volatility, but rather underlying problems in the credit markets. Lenders on Wall Street, and those who provide lenders their capital, are unable or unwilling to lend or invest because of the mortgage crisis. If nothing is done, the already large and growing impact on the routine borrowing of businesses will become even more acute. Businesses will face problems meeting payroll, purchasing inventory, and making investments?consequences reaching far beyond Wall Street. Personal credit for auto loans, student loans, credit cards and, of course, mortgages will also become harder to come by. The housing, mortgage, and financial mess have already ensnared the labor market. Jobs have declined for eight consecutive months in total non-farm employment. Not all job loss can be directly linked to the current financial mess, but it is safe to say that job losses have continued and the economy?s ability to mount a recovery is hampered by the turmoil. Since the start of 2008, the economy has lost a total of 605,000 jobs, while the unemployment rate hit 6.1 percent in August 2008, up from 5.0 percent at the end of 2007. The number of unemployed climbed to 9.4 million from 7.6 million over the same period.

By seeprogress

Tags : american, bailout, bank, bush, cnbc, congress, credit, debt, economy, finance, jobs, market, mccain, money, mortgage, paisley, progress, progressive, rescue, seeprogress, street, wall

The Economic Crisis - No Bailout - Now What?

Tue, 30 Sep 2008 16:16:03 GMT

http://www.americanprogress.org/issues/2008/09/conservatives_pain.html http://www.americanprogress.org/issues/2008/09/real_solutions.html Michael Ettlinger of the Center for American Progress offers his take on the latest news out of Washington and the financial markets after U.S. Treasury Secretary Henry Paulson and President George W. Bush yesterday failed to convince a majority of their own party in Congress that the consequences of failing to pass their $700 billion financial rescue package could be catastrophic for the U.S. economy. The American people over the next few days will catch a glimpse of the consequences in financial markets, at their hometown banks, and at their jobs, but should congressional inaction persist we may not experience the full brunt for a month or more. That?s why these next few days will be so telling. If those who opposed the rescue package in Congress do not feel responsible for the leading edge of the problems they have allowed to grow?as prices fall, borrowing costs rise, and more and more small- to medium-sized companies and financial institutions are unable to access credit?then they are unlikely to change their minds about the bailout plan. If their constituents do not get antsy as the problems of Wall Street start to spread to the companies they work for and to their own access to credit, and they do not demand action?no action may be forthcoming. Will the financial markets spook enough of the dissenters to change their vote on the bill, which fell only 12 votes shy of passage? That probably depends most immediately on how dramatic the reaction is in the commercial paper market, which was largely done with trading yesterday before the bailout bill went down to defeat. This vital credit marketplace?where companies tap short-term credit to smooth out their cash flow needs to make payroll and pay suppliers in a timely fashion?could react sharply today. This morning?s record high for the benchmark

By seeprogress

Tags : bailout, bank, bush, congress, credit, debt, economy, lending, market, mccain, money, mortgage, obama, paulson, pelosi, republican, rescue, street, subprime, taxpayer, wall

Resucing the Economy - Neither Fair Nor Effective

Mon, 22 Sep 2008 18:22:02 GMT

http://www.americanprogress.org/issues/2008/09/fair_nor_effective.html Ed Paisley of the Center for American Progress shares his thoughts on the unprecedented economic bailout being planned by the federal government. Unless U.S. Treasury Secretary Henry Paulson?s first stab at a $700 billion rescue of the global financial system is revised to incorporate restructuring troubled mortgages, it will be neither fair nor effective. Paulson?s draft legislation attempts to rescue the balance sheets of Wall Street but does almost nothing for homeowners on Main Street. That?s a fundamental flaw. The U.S. housing market won't recover without restructuring of underlying mortgages that are troubled. Global credit markets will not respond to this exceedingly expensive plan unless we get our fundamentals right. Moreover, taxpayers will be saddled with increasingly worthless paper as many of the underlying mortgages fail. The Paulson plan demonstrates a disturbing disconnect between the ?mortgage-related assets? that taxpayers? $700 billion is being used to purchase and the necessary restructuring of the troubled mortgages themselves. Many hard-working Americans are having trouble paying on their mortgages, which in turn is driving down the value of their neighbors? homes across the country. Tens of millions of families have seen their home values plunge through no fault of their own. Nearly 1 in 10 American households?roughly 5 million?have a mortgage that is either in default or facing foreclosure. These are the families still struggling to pay their mortgage even after the earliest subprime borrowers have already lost their homes. Without provisions expressly aimed at helping these borrowers restructure their mortgages with the assistance of the federal government or through judicial modification, this grand plan to buy "toxic" assets from the financial institutions that engineered this market meltdown will not help the U.S. housing market rec

By seeprogress

Tags : american, bank, credit, debt, economy, fed, lehman, merrill, money, mortgage, progress, progressive, street, subprime, wall

Fmr Treasury Secretary Lawrence Summers on Economic Crisis & Conservative Ideology

Tue, 16 Sep 2008 15:25:07 GMT

Since the late 1970s and building through the era of Ronald Reagan, there has been an ongoing debate about the effectiveness of supply-side economics. Lehman Brothers = bankrupt. Merrill Lynch = sold. Fannie Mac & Freddie Mac = in crisis. Bear Stearns = failed. Former Treasury Secretary Lawrence Summers appeared at the Center for American Progress to discuss the current economic crisis facing middle class America and the trickle down economic theory espoused by conservatives. Do tax cuts spur economic growth and pay for themselves with higher revenues on additional economic activity stimulated? This debate will be revived in the coming year as the incoming President and Congress will soon decide whether to renew of a variety of tax cuts adopted starting in 2001 and set to expire in 2010. Economists now have years of experience with this tax policy. What does the evidence show us? What has been the public debate about tax policy and supply-side and has it shifted in light of growing inequality and limited sharing of the benefits of economic growth?

By seeprogress

Tags : american, bank, bush, cap, class, debt, down, economy, finance, irs, lehman, mccain, merrill, middle, money, progress, progressive, seeprogress, stock, street, summers, tax, trickle, wall