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Proposals to raise the minimum wage are enormously popular with the American public, but there’s a reason they are successful only on occasion. The powerful business lobby is quite effective at getting through to lawmakers with their message that higher wage requirements will lead to less employment
Blog
Brenden Timpe
Sequestration is a heavy blow to regulatory agencies. For the Food and Drug Administration (FDA), the Environmental Protection Agency (EPA), and the Securities and Exchange Commission (SEC), among many others, the $85 billion in cuts is the next step in deregulation, which accelerated in the 1990s
Blog
Thomas Hedges
In the latest anti-HFT salvo, a 12-year veteran of Goldman Sachs Monday applied a new definition to the essence of high frequency trading, seeing it as a purposeful distortion of the flow of market information rather than just a successful trading technique. With that he also prescribed a financial
In the media
Denny Gulino
Here's a plain fact: record disinvestment in higher education at the state level leads to record tuition hikes. In 2012, the trend escalated with the biggest single year jump on record.
Blog
Joseph Hines
“The very rich,” wrote F. Scott Fitzgerald, “are different from you and me.” It turns out he was right. According to a new study by the think-tank Demos ( PDF), the affluent tend to hold a different vision of a just society than the public at large, and it is that vision which tops the political
In the media
Joshua Holland
High Frequency Trading (HFT) is a method used by financial institutions whereby stocks are traded in fractions of a second. The traditional means of buying and selling required bankers to manually decide whether or not something was a good investment in the (semi) long run.
In the media
Ilana Glazer
If you've got debt and die tomorrow, don't assume it will disappear. Chances are, it will eat into the assets you may be planning to leave your heirs and may even wipe out your estate.
In the media
Michelle Crouch
You may have seen a big outbreak in the academic literature and business media of defenses of liquidity for liquidity’s sake, evidently prompted by increased interest in and in the EU, implementation of transaction taxes as a way to tame speculation and secondarily raise revenues.
In the media
Yves Smith
Demos released a new report showing how the rise of high frequency trading (HFT) comes at a massive cost to the real economy, despite Wall Street’s claims to the contrary.
Press release/statement
Another monthly jobs report is in, and the results are better than most people expected: 236,000 new jobs were created last month. That's the best economic news we've heard in a while.
Blog
David Callahan