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Opponents of income redistribution often argue that taking from the haves and giving to the have-nots is at odds with individual rights. But here's a simple fact: There is no surer way to lose all your individual rights than to be dead. And evidence keeps mounting that people with lower incomes die
Blog
David Callahan
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
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
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
New Jersey was ready when Hurricane Sandy rushed ashore the evening of October 29, 2012. Teams from FEMA and the National Guard had been activated, nuclear reactors had been shut down, and the Red Cross had prepared meals and shelters. The carefully laid plans didn’t prevent the storm from wreaking
Blog
Brenden Timpe
At least one CEO at a big retail company wants to see the minimum wage increased. In fact, he’d like the minimum wage to go even higher than President Obama has proposed.
In the media
Ned Resnikoff
It is often assumed that the majority of Americans who don't vote are poor and nonwhite. Not so. While it is true that low-income Americans vote at much lower rates, the majority of nonvoters -- in raw numbers -- are white middle class Americans.
Blog
David Callahan
One of the arguments used by climate deniers is that the earth is actually in the middle of a cooling period, despite recent record temperatures. In fact, there was a period of cooling but as a new study shows, we are in the middle of a dramatic U-turn and are now experiencing a heat spike.
Blog
J. Mijin Cha
It's been a big month for changing the narrative protecting big banks from prosecution and regulation.
Blog
Joseph Hines