There are people in the world who, outwardly, seem to be doing quite well, and yet inwardly are living an unhappy life encumbered by stress, health problems, and family dysfunction. Conversely, there are people who are far from wealthy, yet they're joyful, at peace, and buoyed by the love they give and receive.
We can argue whether it's a good thing or a bad thing that a small, unelected group of bankers is in complete control of all meaningful economic outcomes. But let's at least face the reality that they are. That said, can't we at least get a full audit of what they're doing?
This will be the heart of Hillary Clinton's conversation with America: equal wages for women, a higher minimum wage for workers, a higher standard of living for all, a better education for students who want to learn and affordable education for the moms and dads who must pay for it.
One way for Aetna to satisfy Wall Street was to begin shifting more and more of the cost of health care -- and health insurance -- to their customers. That meant that sick policyholders in particular would be paying more out of their own pocket for their care. Our marketing folks came up with an almost Orwellian name for this cost shifting: "consumer-driven health care."
If America is to shed the title of "Land of Inequality," this is how it is going to happen: by more people becoming aware of how the Fed's monetary policy affects them and demanding that it change.
Is it a free lunch or not? The answer is in the disclosure that contains a lot of vague language that will not mean much to most investors.
I study. I work hard. I volunteer. I did everything I was supposed to do, and yet, in two months, I will graduate from law school with an accumulated total of over a quarter million dollars in student loans.
For the first time in 40 years, global carbon dioxide emissions from the energy sector did not increase. During 2014, the global economy grew by 3 percent but emissions remained at 2013 levels.
The Greece-Europe marriage can and must be saved. A reasonable accommodation is quite possible because of the win-win vs. lose-lose potential. Not only would an unstable and weakened Greece be bad news for itself, it would also be very bad news for the entire European Union.
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We know what works. Congress knows what works. We can solve these crucial problems for our country. Funding will make the difference.
A market in transition can mean only one thing in our current environment. A potential top and the beginning of a bear market or longer-term correction.
Many state education leaders have championed the idea that a truly interdisciplinary curriculum marrying the arts and sciences and solving real world problems offer the only alternative to giving our young people the new thinking skills to succeed in the new economy.
We should have until September before the Debt Ceiling debate starts making headlines again. If there is a backdoor deal, there will be an uneasy calm, and relief, on Wall Street. If the debate heats up, then volatility is likely to roil the markets.
It's rare to find academic economists in the Ivory Tower creating new technologies that generate waves of interest jointly from policymakers, Wall Street and Silicon Valley. Roberto Rigobon and Alberto Cavallo, two professors at the MIT Sloan School of Management, make an exception.
Today, the Earth got a little hotter, and a little more crowded. @@ Climate Change, the Elevator Pitch: Richard Alley, Climate Scientist -- and R...