“The average African-American household takes home around 40 percent less income than a similar white family. The gap between non-Hispanic whites and Hispanics (who can belong to any race) is just over 30% (Excel file). But racial income inequality pales in comparison to the racial gap in net worth — …

“About a dozen students at a Virginia high school walked out of classes Monday to protest a racist tweet they believe was sent by a school administrator. The students from Booker T. Washington High School in Norfolk said they were upset about a retweet from the administrator, which included a …

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“For all the anger among progressives about a Wall Street bailout provision that made its way into the just-passed $1.1 trillion government spending bill, there’s been little attention on the person who put it in there. Meet Congressman Kevin Yoder (R-Kansas). Yoder, a second-term congressman whose largest contributors are in …

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“Last Tuesday, the Senate Intelligence Committee released a harrowing executive summary of a new report detailing the CIA’s use of “Enhanced Interrogation Techniques” on prisoners detained at Guantanamo Bay and other prisons. The summary described the agency’s willingness to use brutal methods such as water-boarding, force-feeding, and sexual threats, and …

“Conservative activist and philanthropist David Koch says he’s a “social liberal” and doesn’t understand why people think he’s an “evil billionaire.” Koch sat down with Barbara Walters for a rare interview on her ABC program “The 10 Most Fascinating People of 2014.” The veteran journalist asked the GOP megadonor a …

“California has eliminated the legal distinction between cocaine and crack for purposes of criminal sentencing. Gov. Jerry Brown signed the California Fair Sentencing Act on Sunday; the bill alters the state’s laws such that identical weights of “cocaine” and “cocaine base” (the legal term that often refers to crack) are …

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“Sen. Elizabeth Warren (D-Mass.) again lashed out at big banks for lobbying to repeal financial reforms made after the economic crisis. “A dangerous provision was slipped into a must pass bill,” Warren said Friday. The Senate is considering the $1.1 trillion “cromnibus,” which funds must of the government through September.Warren …