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.
William Witenberg has found a way to seamlessly re-enter the art world by marrying technology and art with a little financial know-how to assure he can continue creating his joyous and sublime techno-masterpieces.
The 2014 election was just as disastrous as 2010. Many observers now agree that Democrats again lost big because they failed to offer a clear economic message to economically insecure voters -- and they once again failed to attack Republicans for sabotaging action to create jobs.
Our audience looked shell-shocked although it was only the morning of day 2. Deer in the headlights-I think I was the only one in the room smiling. How could I lighten their load? This is not a funeral nor a death sentence I thought. 6 years later, has anything really changed?
The Democrat who champions bold policies to build an America that works for all of us, not just the wealthy, and policies that create broadly shared, sustainable prosperity, will triumph in 2016.
The post-industrial dystopia emerging on the streets of Detroit may be shocking, but it is not surprising. The crisis results from the convergent forces of fiscal austerity and structural racism in a region defined by its extreme segregation of race, wealth and opportunity.
Despite high household incomes, San Francisco is the least affordable metro, with just 15% of homes within reach of the middle class. Affordability has deteriorated over the past year in Austin and Miami. The most affordable markets are near the Great Lakes.
There is some truth to Jonathan Gruber's comment in that most people are ill-informed about major public policy issues. This is in large part due to the fact that, unlike Gruber, most people have day jobs. But even worse, when people do take the time to get informed, the media let them down badly.
Today, the Earth got a little hotter, and a little more crowded. South Florida and Sea Level Rise - A Slow Motion Catastrophe - latest in the This I...
In a country where approximately 85 percent of daily market traders are women, Ebola prevention measures are having a drastic impact on their livelihoods and economic security.
If we are serious about animal welfare, we have to get beyond the mere adoration of hedgehogs and hippos. We have to face up to the big-picture, systematic erosion of wild animal welfare. It's all around us and getting worse by the day, and our public policies precipitate it.
Finance is a strange industry. The way we think about fees, the way it's discussed in the media, how laypeople use it and the way it's taught in school is like no other field. Maybe the best way to get this across is to imagine -- hypothetically and absurdly -- if other industries got away with stuff Wall Street does.
For 17 months, you have been very patient with House Republican leaders, encouraging them to either take up and pass the bipartisan Senate bill or work with you to craft a different bill.