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Media Hit | Health Care

Using 'Pay for Delay,' Big Pharma Pockets $98 Billion

What if I told you that major pharmaceutical companies had paid off their competition to delay the release of lower-cost generic drugs for 20 major pharmaceuticals? And that combined, brand name drug companies made an estimated $98 billion in total sales of these 20 drugs while the generic versions were delayed? Unfortunately, it’s true, and it means that too many sick Wisconsinites either can’t afford the prescription medication they need, or are paying 10 times too much.
 

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News Release | WISPIRG | Democracy

Money OUT, Voters IN Wisconsin stands with legislative leaders against Citizens United

The Money OUT, Voters IN Wisconsin coalition, comprised of 32 organizations committed to combating the influence of big special interest money in elections, joined State Representative Chris Taylor (D-Madison) today in Madison to announce the introduction of a resolution (LRB 1457/5) to place a referendum on the November, 2014, statewide ballot allowing the voters of Wisconsin to be heard on the issue of Citizens United. State Senator Dave Hansen (D-Green Bay) will introduce the resolution in the State Senate.
 

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News Release | WISPIRG | Democracy

WISPIRG Statement on Introduction of Wisconsin Citizens United Resolution

The first post-Citizens United major election in November 2012 confirmed our fears that the new campaign finance system allows well-heeled special interests and secret spenders to drown out the voices of ordinary citizens.  The people of Wisconsin deserve to have our say in whether this is the democracy we want. 
 

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News Release | WISPIRG | Higher Ed

Student Loan Interest Rate Deal Will Make Things Worse

This deal locks in $184 billion of revenue from the federal loan program over the next ten years, in the form of high interest and fees that adds to student debt and makes education more expensive.  Then, it goes further by generating an additional $715 million in revenue off the backs of borrowers, to be steered toward deficit reduction. 
 

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News Release | WISPIRG | Financial Reform

SENATE CONFIRMS CFPB DIRECTOR CORDRAY, “GOOD NEWS FOR CONSUMERS AND FIRMS THAT WANT TO PLAY FAIR”

The July 16, 2013 confirmation of Richard Cordray to head the CFPB for a full term is good news for consumers, and for firms that want to play fair in the financial marketplace. The CFPB was created to rein in the reckless Wall Street practices that blew up our economy almost five years ago. Big banks that rely on consumer tricks and schemes to make money have wanted to kill the CFPB ever since, and for good reason: The CFPB has been enforcing critical consumer protection laws, and already forced Capital One to return $140 million in unfair credit card fees to consumers.
 

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Media Hit | Higher Ed

WI Radio Network

A ‘rebellion’ against costly college textbooks made a stop Thursday in Madison. UW professor, Dr. Timothy Paustian, said textbooks are being priced out of the reach of many students. “When I was a student, textbooks were 30 or 50 dollars. That seemed like a fair price back then, but textbooks have gotten more and more and more expensive.”

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Media Hit | Transportation

Wisconsin Watch: Road builders brew up public support

If you listen to Milwaukee Brewers’ games on the radio, chances are you’ve heard it. Amid the endless — and, by about game two of the 162-game season, tedious — commercials for Miller Lite and the Wisconsin Lottery are a pair of classy ads from the Wisconsin Transportation Builders Association, a state lobby group.

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News Release | WISPIRG Foundation | Budget

Unlikely Allies Uncover $1 Trillion in Savings for Super Committee

As the Congressional “Super Committee” begins its search for $1.5 trillion in deficit reduction, a new study released today by the Wisconsin Public Interest Research Group (WISPIRG) and the National Taxpayers Union (NTU) provides the panel with a great place to start: more than $1 trillion of spending cuts with appeal from across the political spectrum.

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Media Hit | Financial Reform

Property Trax: 10 reasons advocates say Wisconsin residents need new Consumer Financial Protection Bureau

Even as Congress and the Obama Administration continue to argue over its powers and leadership, the Consumer Financial Protection Bureau began its work as top cop for all consumer finance matters, including mortgages, on July 21.

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Media Hit | Financial Reform

Capital Times: Congress must stand up for consumers

The failure of the current bank regulators to stop predatory lending and other reckless Wall Street practices is widely recognized as a primary cause of the 2008 mortgage meltdown that triggered the current recession. For years leading up to the 2008 financial collapse, federal bank regulators ignored numerous warnings of increasingly predatory mortgage practices, credit card tricks and unfair overdraft policies used by banks. The banks were earning billions from “gotcha” practices. Incredibly, bank regulators actively encouraged this behavior, arguing it was profitable and kept banks safe.

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