We have to remember that the same banks responsible for so much of the financial strife, confusion, and crisis are guided by social forces. When we believe our financial systems are beyond our control, we neglect our responsibility to those most impacted by its flaws.
Next time you hear someone blabbing about how robots are going to take away our jobs, tell them to can the science fiction and get back to the real world. The immediate threat to jobs is the folks on the Federal Reserve Board who want to raise interest rates.
In the wake of the financial crisis, President Obama took the helm of a sinking economic ship and help to right it. The unemployment rate is now once again at pre-recession levels -- the lowest in seven years (5.5%).
Money problems are solved by increasing income, reducing expenses, a combination of the both, or intervention. Bankruptcy is the only legal process that forces your creditors to have to deal with the debt by eliminating it or establishing a payment plan you can afford.
It is self-evident that equal opportunity is a necessary quality of a fair society, but to achieve this an inefficient redistribution of wealth is required.
When the US Justice Department announced last August that it was levying a $17 billion penalty against Bank of America for its role in bringing on the mid-2000s housing crisis, pundits said the sheer size of the fine would make all banks take notice.
Higher education must educate young people for jobs that do not yet exist, to solve problems that have yet to be identified. Upon graduation, they must be fully capable of adapting to change and reinventing themselves throughout their professional careers.
Today, the Earth got a little hotter, and a little more crowded. As we cut down much of the Amazon forest , much of the rest is starting to die off,...
A week from today is when I arrived to the city that never sleeps, but still today I didn't think about how keeping all these nonstop shining lights alive effect the people who lives here. Tourists only see that everything is for them, not those who are responsible for all of it.
I've argued that Hillary Clinton is at risk of being a weak presidential nominee -- on several counts. She seems like yesterday's news rather than tomorrow's. The excitement of a having a breakthrough woman president is blunted by the fact that her husband got there first. She will raise a ton of money from Wall Street, just like the Republican nominee, blurring differences and depressing turnout. Despite the absence of a formidable primary challenger (assuming Elizabeth Warren doesn't run), Clinton is likely to under-perform in the primaries. Still, she is likely to be the Democratic nominee. While it's good that Clinton is positioning herself as more of a progressive, I think she needs to be even more radical, both to generate real enthusiasm and to address America's real problems.
As the saying goes, "Either you disrupt or get disrupted," and this is what we're starting to see. Listen in as I expand on this topic, and let me know what are you seeing?
The governor is ignoring parents -- the state's most significant wealth creators. They produce children, our human capital -- a job for which they receive no salary, pension benefits, profits, or dividends.
A key section of the secret Trans-Pacific Partnership (TPP) trade agreement has been leaked to the public. The New York Times has a major story on the contents of the leaked chapter, and it's as bad as many of us feared. Now we know why the corporations and the Obama administration want the TPP kept secret from the public until it's too late to stop it.
The market's response to Wednesday's economic data was somewhat perplexing at first blush.
Entrepreneurship runs in the blood of Akshay. His father was a Silicon Valley tech veteran who encouraged Akshay to intern in startups early on starting at 14 years old.
It now falls to Europe's politicians to act resolutely to stop the union drifting apart. Their present approach of endless negotiations and compromise formulas risks losing the last vestige of popular support.