David vs. Goliath: The Fight Begins for Reform of the Financial Industry
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Most Americans want strong regulation of our nation’s financial markets, according to a poll released today by Americans for Financial Reform (AFR), a coalition of nearly 200 investors and civil rights and community organizations.
The poll, conducted by Lake Research Partners, surveyed 900 likely voters in 77 “Blue Dog” or conservative Democratic districts and those in politically competitive Democratic districts.
More than two-thirds of voters in all the districts support creating the Consumer Financial Protection Agency (CFPA) to “create and enforce a strong set of rules to require fair, affordable, understandable and transparent financial products like bank loans, mortgages and credit cards for families and small businesses.”
When asked if there was too much, too little or just the right amount of regulation of banks, the stock market and credit card companies, voters agreed, by a 23-point margin, there’s too little rather than too much regulation.
The Lesson of Pittsburgh for G-20: Manufacturing Matters
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The revival of Pittsburgh, site of the G-20 summit this week, can provide valuable lessons for the world’s leaders. Among them: Manufacturing matters and poor trade policies hurt everyone.
“Pittsburgh, G-20 and the New Economy: Lessons to Learn, Choices to Make,” a report released today by the Campaign for America’s Future (CAF), makes clear that the renaissance of Pittsburgh after the collapse of the steel industry was cut short because of the lack of a national industrial policy and the nation’s trade policies.
During a telephone news conference, CAF Co-Director Robert Borosage said some manufacturing jobs in Pittsburgh were replaced by high-end jobs in education or medicine.
But many were replaced by jobs in hotels and food services—jobs that never paid as well and proved even more vulnerable in the recent downturn. Some manufacturing jobs were never replaced at all. That helps explain why the city’s population is declining, especially among youth, who seek opportunity elsewhere.
America’s Future Conference: Restore the Middle Class with Employee Free Choice
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The nation’s economy is in a tailspin, and one of the best ways to help turn it around is by passing the Employee Free Choice Act, several speakers said this morning at a national gathering of progressive leaders.
Sponsored by Campaign for America’s Future, the previously titled “Take Back America” annual conference has been renamed “America’s Future Now” to emphasize that this could be the greatest period of progressive reform since the 1960s.
Opening the three-day conference in Washington, D.C., Robert Borosage, co-director of the Campaign for America’s Future, told participants the Employee Free Choice Act is
essential to insuring that the blessings of the next prosperity will be widely shared, that the American middle class will expand, not decline, and that the progressive majority will be consolidated.
New Project to Combat Unconscious Racism
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While the election of President Obama shows that overt racism is less acceptable in America, a new project launched last month by the Institute for America’s Future explores the large role unconscious racial bias still plays in our politics and society.
The Americans for American Values (AAV) project will research the effects of unconscious racial bias on decision-making and develop strategies to support decision-making based on consciously held American values rather than on racial anxiety and stereotypes. The project began with the release of a series of educational videos and a set of research studies. View the new videos and learn more about AAV here.
john powell, the project’s founder and executive director of the Kirwan Institute for the Study of Race and Ethnicity, said racial equality and fairness are values widely supported by Americans, but hidden biases often undermine these values.
As society tries to move beyond racial discrimination, a better understanding of implicit bias is needed. Our two-fold goal with this study is to help the American public better understand implicit bias and to give them ways to avoid triggering these biases.
