The effects of the sub-prime lending disaster are
being felt as the stock market has been rocked in
recent weeks and many families find themselves locked out of the
mortgage market. As we
in the past, the subprime mortgage market was largely aimed at
economically-strapped families trying to find some way to afford
homes. For low-income renters who never had the money to
even be in the game, rising rents have increasingly priced them
out of their homes.
Despite real progress over the last generation in overcoming discrimination in our society, the reality is that Americans are still regularly refused employment, housing or equal treatment under the law because of their nationality or the color of their skin. The numbers highlighting this racial discrimination are stark:
the problems of predatory lending industry a few weeks ago and now, problems
are coming to light with the student loan industry. In one of the more
egregious examples, Student Loan Express, a student loan company that is a
unit of CIT Group, Inc, is alleged to
more than $21,000 for Johns Hopkins University's director of student
financial services to attend graduate school. Coincidentally (or not),
Student Loan Express happens to be on the preferred lender list at Johns
What if we told you that you could save money, energy, and carbon dioxide
emissions just by replacing your light bulbs? Many states are pushing
new policies to encourage or even require the replacement of traditional
wasteful incandescent bulbs with compact fluorescent light bulbs (CFLs) as a
key step to achieving energy independence.
Nations report this week, backed by scientists around the
world, confirms that not only is global warming real, but its effects are
already here and getting worse. And the hard fact is, the United States
far more energy than any other country, more than China and Russia
With debt collection for medical bills a lead cause of bankruptcy for families
without health insurance, Families USA, in a
brief, highlight a range of policies states have enacted in recent years
to protect the uninsured and underinsured.
On April 3rd, Iowa Governor Chet Culver signed into law HF 653, which provides
Iowans with the opportunity to register and vote on Election Day. Governor
Here in Iowa , we want to make it as easy as possible for Iowans to be
involved in the democratic process. This bill achieves this goal. I strongly
believe getting more people to vote is good for democracy and good for the
future of this state.
Illinois gained headlines in 2005 for its first-in-the-nation plan to
provide health care for all children in the state, called AllKids. Pennsylvania followed suit in 2006 with its own Cover All Kids plan.
Now the Governors of each state have proposed comprehensive health care
reform packages with the goal of universal access to health care. The
plans build on reforms in Maine, Vermont and Massachusetts, but
go further in key areas of affordability and system reform.
At the beginning of February, we reported
on an expose of special loopholes used by Wal-Mart to slash its state
taxes by hundreds of millions of dollars per year. The scam involves
Wal-Mart and other companies dividing themselves into separate
subsidiaries, buying land and buildings, then deducting the rent paid
to itself as a business expense. But states are moving to eliminate
the loophole and reclaim the lost revenue: