Business

Citibank settled the Justice Department’s mortgage market investigation yesterday, agreeing to pay $4 billion in civil penalties, $500 million in penalties to various states and $2.5 billion in “soft dollars” to aid consumers damaged by their pre-financial crisis shenanigans. To reach agreement,...
07/15/2014
Blog
Income and wealth disparity has emerged as a critical economic and political issue for the US. At its core, it is a discussion of how we measure whether the economy is increasing or decreasing the well-being of Americans as a whole. Traditional measures like GDP growth, the stock market and even...
06/06/2014
Blog
Last Thursday, while fast food workers walked out on strike across the US and around the world, another group of stakeholders in the industry was making a similarly direct statement about the way these companies do business. At Chipotle’s annual shareholders’ meeting, owners of 77 percent of the...
05/20/2014
Blog
McDonald’s is losing customers. In the first quarter of 2014 US sales fell 1.7 percent—and that’s after a “challenging” 2013 when the company struggled to keep consumers happy and workers repeatedly walked out on strike. After decades of dominating the fast food industry, something is going wrong...
04/23/2014
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