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Groundwork Collaborative
Groundwork Collaborative (GWC) is an American 501(c)(3) non-profit think tank and progressive advocacy group based in Washington, D.C., that, according to its website, works to "change economic policy and narratives to build public power, curb private power, and create an economy that works for all of us." The organization is best known for research, analysis, and media commentary on economic issues, such as inflation, student debt, housing, and the U.S. labor market. Groundwork has been described as a "left-leaning think tank" and a “nonprofit that is critical of corporate behavior” by The Washington Post, and a “progressive economic policy group” by The New York Times. The conservative website Influence Watch calls the organization a "left-of-center activist group" that promotes "left-wing economic policies." History Groundwork is led by Lindsay Owens, an economic sociologist who served as a senior economic policy advisor to Senator Elizabeth Warren and deputy chief of ...
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Washington, DC
) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, National Cathedral , image_flag = Flag of the District of Columbia.svg , image_seal = Seal of the District of Columbia.svg , nickname = D.C., The District , image_map = , map_caption = Interactive map of Washington, D.C. , coordinates = , subdivision_type = Country , subdivision_name = , established_title = Residence Act , established_date = 1790 , named_for = George Washington, Christopher Columbus , established_title1 = Organized , established_date1 = 1801 , established_title2 = Consolidated , established_date2 = 1871 , established_title3 = Home Rule Act ...
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117th United States Congress
The 117th United States Congress is the current meeting of the United States Congress, legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It convened in Washington, D.C., on January 3, 2021, during the final weeks of Presidency of Donald Trump, Donald Trump's presidency and the first two years of Presidency of Joe Biden, Joe Biden's presidency, which will end on January 3, 2023. The 2020 United States elections, 2020 elections decided Party divisions of United States Congresses, control of both chambers. In the House of Representatives, the Democratic Party (United States), Democratic Party retained their majority, albeit reduced from the 116th United States Congress, 116th Congress. It is similar in size to the majority held by the Republican Party (United States), Republican Party during the 83rd United States Congress, 83rd Congress (1953–1955). In the Senate, Republicans briefly ...
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Profiteering (business)
Profiteering is a pejorative term for the act of making a profit by methods considered unethical. Overview Business owners may be accused of profiteering when they raise prices during an emergency ( especially a war). The term is also applied to businesses that play on political corruption to obtain government contracts. Some types of profiteering are illegal, such as price fixing syndicates, for example on fuel subsidies (see '' British Airways price-fixing allegations''), and other anti-competitive behaviour. Some are restricted by industry codes of conduct, e.g. aggressive marketing of products in the Third World such as baby milk (see '' Nestlé boycott''). Types of profiteering *Price fixing *Price gouging *War profiteering Laws Profiteering is illegal in several countries, including but not limited to: *UK: Chapter 1 of the Competition Act 1998 *Germany§ 291 StGB(Criminal Code) – up to 10 years' jail maximum penalty *Austria§ 154 StGB– up to 5 years' jail max ...
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Fourteenth Amendment To The United States Constitution
The Fourteenth Amendment (Amendment XIV) to the United States Constitution was adopted on July 9, 1868, as one of the Reconstruction Amendments. Often considered as one of the most consequential amendments, it addresses citizenship rights and equal protection under the law and was proposed in response to issues related to former slaves following the American Civil War. The amendment was bitterly contested, particularly by the states of the defeated Confederacy, which were forced to ratify it in order to regain representation in Congress. The amendment, particularly its first section, is one of the most litigated parts of the Constitution, forming the basis for landmark Supreme Court decisions such as '' Brown v. Board of Education'' (1954) regarding racial segregation, '' Roe v. Wade'' (1973) regarding abortion ( overturned in 2022), '' Bush v. Gore'' (2000) regarding the 2000 presidential election, and '' Obergefell v. Hodges'' (2015) regarding same-sex marriage. The amendment ...
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The Problem With Jon Stewart
''The Problem with Jon Stewart'' is an American late night current affairs television series hosted by Jon Stewart on Apple TV+. Each episode focuses on a single issue. The series premiered on September 30, 2021. The second season premiered on October 7, 2022. Production In October 2020, as part of a multi-year production deal with Apple, it was announced that Jon Stewart was creating a new current affairs series for Apple TV+, marking his return to the format since leaving ''The Daily Show'' in 2015. Throughout early 2021, the show was building out its production team, hiring Brinda Adhikari to serve as showrunner and executive producer, Chelsea Devantez as head writer, and Lorrie Baranek as Stewart's executive in charge of production in February 2021. Adhikari was a longtime network news veteran before coming on to the show. Around the same time, Busboy Productions posted job listings seeking to fill positions for all aspects of the production. On April 7, 2021, the title o ...
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2023 United States Debt-ceiling Crisis
On January 19, 2023, the United States hit its debt ceiling, leading to a debt-ceiling crisis, part of an ongoing political debate within Congress about federal government spending and the national debt that the U.S. government accrues. In response, Janet Yellen, the Secretary of the Treasury, began enacting temporary "extraordinary measures". On May 1, 2023, Yellen warned these measures could be exhausted as early as June 1, 2023; this date was later pushed to June 5. The debt ceiling had been increased multiple times since the 2013 debt ceiling standoff, all without budgetary preconditions attached; the most recent increase was in December 2021. In the 2023 impasse, Republicans proposed cutting spending back to 2022 levels as a precondition to raising the debt ceiling, while Democrats insisted on a "clean bill" without preconditions, as had been the case in raising the ceiling three times during the Donald Trump administration. In the event the government runs out of funds ...
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2021–2023 Inflation Surge
A worldwide increase in inflation began in mid-2021, with many countries seeing their highest inflation rates in decades. It has been attributed to various causes, including List of COVID-19 pandemic legislation, pandemic-related economic dislocation, supply chain problems, the fiscal policy, fiscal and monetary stimulus (economics), stimuli provided in 2020 and 2021 by governments and central banks around the world in response to the pandemic, and price gouging. Recovery in demand through 2021 ultimately led to historic and broad 2021–2022 global supply chain crisis, supply shortages (including 2020–present global chip shortage, chip shortages and 2021–2022 global energy crisis, energy shortages) amid increasing consumer demand. Worldwide construction sectors were also hit. In early 2022, the Russian invasion of Ukraine's effect on global Price of oil, oil prices, natural gas, fertilizer, and 2022 food crises, food prices further exacerbated the situation. Higher gasolin ...
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Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. U.S. Congress, Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and bank regulation, regulating ...
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United States House Select Committee On Economic Disparity And Fairness In Growth
On December 30, 2020, Speaker of the United States House of Representatives Nancy Pelosi announced that the United States House of Representatives The United States House of Representatives, often referred to as the House of Representatives, the U.S. House, or simply the House, is the lower chamber of the United States Congress, with the Senate being the upper chamber. Together the ... would create a select committee on "economic disparity and fairness in growth" to produce a report with legislative recommendations to address the worsening crisis of wealth and income inequality across the United States. Members, 117th Congress Pelosi announced the committee's Democratic members on June 16, 2021, and they were formally appointed the following day. References External link Archived version of the now-defunct official site{{US-Congress-stub Economic Disparity and Fairness in Growth Economic Disparity and Fairness in Growth ...
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United States House Committee On Oversight And Reform
The Committee on Oversight and Reform is the main investigative committee of the United States House of Representatives. The committee's broad jurisdiction and legislative authority make it one of the most influential and powerful panels in the House. Its chairman is one of only three in the House with the authority to issue subpoenas without a committee vote or consultation with the ranking member. However, in recent history, it has become practice to refrain from unilateral subpoenas. Carolyn Maloney ( D-New York) served as acting chair of the committee following the death of Elijah Cummings ( D-Maryland) on October 17, 2019; she was elected chair a month later. Representative Jim Jordan served as ranking member from January 3, 2019, until March 12, 2020. On March 31, 2020, Jordan started his second stint as ranking member. Representative Mark Meadows served as ranking member from March 13, 2020, until March 30, 2020, when he resigned his congressional seat to become White ...
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United States House Committee On Financial Services
The United States House Committee on Financial Services, also referred to as the House Banking Committee and previously known as the Committee on Banking and Currency, is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries. The Financial Services Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission and other financial services regulators. The House Committee on Financial Services is considered to be one of the House's most powerful committees. It is currently chaired by Democrat Maxine Waters from California. Waters was elected as chair of the committee, and assumed office on January 3, 2019. The Ranking Member is Republican Patrick McHenry from North Carolina, he has served as the Ranking Member since January 3, 2019. Jurisdiction Under the rules of the 1 ...
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