New Orleans The president of the World Bank, one of the premier world credit and developmental financing institutions created at Breton Woods, serves a 5 year, renewable term, and is currently occupied by former USA Trade Representative Robert Zoellick, appointed by George W. Bush. Traditionally the post has been held by a US citizen because …
Category: Financial Justice
Despite Suze Orman’s Claim Prepaid Debit Cards Still No Good
New Orleans Suze Orman has made her reputation as a TV financial advisor. Now she wants to promote a debit card for low-and-moderate income families who have weak credit and want the ability to operate differently. Her Approved card needs to be renamed as the Improved card, but it’s still not a good card, or …
Stuck in Place: Who is Surprised at the Lack of Mobility?
New Orleans The lack of social mobility has finally gotten so bad that it seems even Republicans have noticed it. Horatio Alger and the “rags to riches” trajectory of the American dream are dead. The new narrative is best expressed as “rags to rags, and riches to riches.” According to a Jason DeParle piece …