Maybe death, pleasure, security, and risk are the products of this region. The risk: One day driving down the Strip about a decade ago, I realized that every hotel tower, every fountain, and every chandelier was largely paid for by losing bets. I understood for the first time what gambling really means.
Today, the Earth got a little hotter, and a little more crowded. An Inspiring Conversation on Addressing Climate Change National Scientific Adviso...
Obama's recently announced Immigration Accountability Executive Actions are targeted at making the legal immigration system work as well as it can until Congress fixes it. A functional business immigration system will boost the economy by generating tax revenue, adding billions to the GDP and creating jobs for American workers.
The U.S. is caught in a vicious circle: rising income inequality breeds more inequality in educational opportunity, which generates greater inequality in educational attainment. That, in turn, translates into a waste of human talent, a less educated workforce, slower economic growth and even greater income inequality.
The long-term deterioration of the middle class, accelerated by the Wall Street crash of 2008, has not been pretty. Today, we have more wealth and income inequality than any major country on earth.
Depression isn't weakness. It's an illness. I think this message will make itself clearer as more people feel free to talk about it. So here I am, talking about it.
Runaway inequality is destroying the American Dream. Is it too late to save it? That depends on what is really driving inequality. In the 1960s the gap between CEOs and the average worker was 20 to 1. By 2012 it was 354 to 1. What happened?
You can't really blame people for giving up on Congress when every indication is that Congress has given up on us. But I still believe in our democracy and in our nation's ability to come together and solve the tough problems.
Sorkin's periodic defenses of the powerful are no longer unexpected. More surprising is the overall theme of this attack, which characterizes the congenial senator as enraged and wrathful, and her position as petty and irrational.
Usually an economy would be fully recovered from the impact of a recession seven years after its onset. Unfortunately, this is not close to being the case now.
Today, the Earth got a little hotter, and a little more crowded. Stephen Colbert takes the Polar Plunge here, highlighting the dim lights who don't ...
The real story is that "help is on the way" for America's struggling middle class, the unemployed and the under-employed. The much maligned TARP stimulus and "extraordinary measures" of the Federal Reserve have finally and in fact -- worked!
If you want to understand what makes Elizabeth Warren so special in American politics, consider her nervy leadership of the campaign to block President Obama's foolish nomination of one Antonio Weiss to be the top Treasury official in charge of the domestic financial system, including enforcement of the Dodd-Frank Act. For most of his Wall Street career, Weiss has epitomized everything that reeks about financial abuses. As chief of international mergers and acquisitions for Lazard, Weiss orchestrated what are delicately known as "corporate inversions," in which a domestic corporation moves its nominal headquarters offshore, to avoid its U.S. taxes. And that's only the beginning. Many of the other deals orchestrated by Weiss resulted in operating companies being bought and sold by giant conglomerates, where the "savings" and "increased efficiency" came mainly from tax breaks and reduced worker compensation.
We've all seen it on the internet, in television and probably on the radio. Black Friday shoppers are made to look like selfish idiots. I just want to take a moment though to explain why Black Friday shoppers are not villains.
Using inflation-adjusted numbers, we indexed each component of GDP to 4Q07 levels, beginning with a value of 100 for each. We graphically display the results below, followed by some commentary.
Barry Z. Cynamon and Steven M. Fazzari are exploring how the massive debt which led to the Great Recession, the spending collapse that followed, and the stagnation that persists are all linked to income inequality. In this interview, they discuss what their findings mean for America.