By Ben White and Maggie Haberman
NEW YORK — There are three words that strike terror in the hearts of Wall Street bankers and corporate executives across the land: President Elizabeth Warren.
The anxiety over Warren grew Monday after a magazine report suggested the bank-bashing Democratic senator from Massachusetts could mount a presidential bid in 2016 and would not necessarily defer to Hillary Clinton — who is viewed as far more business-friendly — for the party’s nomination
And the fear is not only that Warren, who channels an increasingly popular strain of Occupy Wall Street-style anti-corporatism, might win. That is viewed by many political analysts as a slim possibility. It is also that a Warren candidacy, and even the threat of one, would push Clinton to the left in the primaries and revive arguments about breaking up the nation’s largest banks, raising taxes on the wealthy and otherwise stoking populist anger that is likely to also play a big role in the Republican primaries.
(Also on POLITICO: Report fuels prospect of 2016 Elizabeth Warren run)
Read more: http://www.politico.com/story/2013/11/wall-street-elizabeth-warren-president-2016-elections-99697.html#ixzz2kQZJrUfw
NBC NEWS/POVERTY IN AMERICA
By Hannah Rappleye, NBC News
PHILADELPHIA — On some days, Yolanda Williams says she wonders why it’s so hard to stay alive. “I’m working as hard as I can. Every time I talk to my boss I ask, ‘Is there any more work?’”
Williams works part-time as a home-health aide so that she can also attend the Kaplan school to study medical billing. For about 17 hours a week of work, at $10 an hour, she takes home about $298 every two weeks, which she uses to support her disabled husband and her 21-year-old daughter, both of whom are unemployed.
“I’m trying to go to school so I can get a better job, so I can get off welfare,” added Williams, who receives food stamps and Medicaid. “If that means I have to be on the bus 24 hours a day, I’ll do it.”
Her weekly toil – which includes nearly 30 hours on buses – underscores one of the truths of life for the millions of American living with poverty: it’s expensive to be poor.
Williams and her family live in north Philadelphia. She spends her check only on the essentials: rent, gas and electric, bus passes, a phone. She doesn’t have cable or internet.
“If you own a home, plus childcare, plus commuting costs you can be well above poverty and still not be able to make ends meet,” said Professor Scott Allard, an expert in poverty and the social safety net at University of Chicago. “You’re not doing anything wrong. You’re playing by the rules but you’re not making it.”