September 17, 2016
By Katie McGinty Last week, Wells Fargo made history for all the wrong reasons. The bank, one of the largest in Pennsylvania, was hit with the biggest penalty ever - $100 million - issued by the U.S. Consumer Financial Protection Bureau (CFPB), which reported that Wells Fargo had created more than two million unauthorized bank and credit card accounts in its customers' names. It turns out that, for years, Wells Fargo employees have been boosting their sales numbers by signing customers up for bank accounts they didn't want or ask for, according to regulators.
August 4, 2016 |
WASHINGTON - With less than 100 days to go, Democrat Katie McGinty is trying to change the terms of Pennsylvania's critical U.S. Senate race. At a diner stop Tuesday in Bucks County, she launched a monthlong focus on economic issues - hoping to reset a contest Sen. Pat Toomey (R., Pa.) has steered toward national security and public safety. "The biggest issue facing our country is a lack of good-paying jobs and a middle class that sees itself falling further and further behind," McGinty said in an interview.
July 15, 2016 |
AH, DEMOCRACY! It ranges from enlightenment and open-mindedness to paranoia and hatred. What can we expect over the next two weeks, with the Republican National Convention in Cleveland followed by the Democratic National Convention here? If history foretells, both the best and the worst. At each convention. Historic reporter H.L. Mencken once described it like this: "A national convention is as fascinating as a revival or a hanging. It is vulgar, ugly, stupid and tedious, to be sure, and yet there suddenly comes a show so gaudy and hilarious, so melodramatic and obscene, so unimaginably exhilarating and preposterous that one lives a gorgeous year in an hour.
January 27, 2016
By Alan D. Viard Recent media coverage has prompted impassioned calls for Congress to close the "loopholes" that supposedly explain why the 400 richest taxpayers paid an average federal individual income tax rate of 16.7 percent in 2012. Unfortunately, these calls are based on outdated numbers and an incomplete picture of the tax system. A few weeks ago, the Internal Revenue Service released new data showing that the average federal individual income tax rate for the richest 400 jumped more than a third, to 22.9 percent, in 2013.
December 18, 2015
IF YOU EXAMINE the statistical performance of the American economy at the end of 2015, all looks well. The U.S. is generating solid growth, producing jobs and creating plenty of wealth. But there's more than one way to judge American prosperity, and here's where things get rougher: Assess the public's mindset and you'll find the American psyche still reeling from the Great Recession. We're far too pessimistic. This week should have marked the capstone to recovery from the financial crisis of 2008-09, but it's going to fall short because of how people feel.
October 21, 2015 |
TRENTON - State Senate President Stephen Sweeney on Monday announced a Democratic proposal to ramp up state investment in such things as early-childhood education and transportation to spur economic growth and create opportunities for "everyday New Jerseyans. " The Christie administration "has wasted the last six years on its policy of deinvestment, resulting in rising poverty and lost opportunity," Sweeney (D., Gloucester) said at a Statehouse news conference, where he was joined by other Senate Democrats.
September 18, 2015 |
He didn't "go nuclear," as he had jokingly suggested. But Gov. Christie at times struck an aggressive tone during the GOP presidential debate Wednesday, jabbing at rival Republicans and fiercely attacking President Obama and Hillary Clinton while pitching a populist message. Casting himself as a champion of the middle class and counting himself among political outsiders - "I'm a Republican from New Jersey, I wake up every day as an outsider" - Christie opened his remarks with a request that CNN "take the camera off me and put it on the audience.
August 11, 2015
KATIE McGINTY, former Pennsylvania environmental secretary, former Democratic gubernatorial candidate, former chief of staff to Gov. Wolf, last week announced her candidacy for U.S. Senate. She wants the seat now held by Sen. Pat Toomey, who's up for re-election next year. McGinty sat down for a Q&A with Daily News political columnist John Baer. Q: You're a Northeast Philly neighborhood native, large family, dad was a cop. How did your upbringing influence your life priorities?
July 14, 2015 |
ECONOMIC POPULISM is having a moment of celebrity these days. But so is economic gluttony. These conflicting impulses - equality vs. liberty - have been in constant competition. For some, equality of opportunity and outcomes is the ultimate political value; for others, it is liberty, which is degraded when property rights are too restricted by taxation and regulation. There is a view in both parties that voters are in an egalitarian mood. I don't buy it. The icon of economic gluttony in politics today is Donald Trump, however grotesque and trivial that may seem.
March 23, 2015
ISSUE | LESSONS Bensalem knows The school district's gifted program, which a parent said attracted her to Bensalem, should be a priority for all communities, so districts retain top students and high home values ("A lively, diverse, convenient community," March 15). On the state level, the aim should be to separate funding for gifted education from special education, and to require that all educators take six college credits in strategies for serving gifted students. |Rose Jacobs, former president, Bensalem Association Dedicated to Gifted Education, Trevose, Rose4kids@verizon.net Phila.