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The Boston Review recently hosted a forum titled, How Markets Crowd Out Morals, in which Michael Sandel wrote the lead essay, arguing that we as a society should be questioning which institutions we allow to be defined by market norms.
In the media
The J.P. Morgan Chase JPM -0.68% & Co. unit whose wrong-way bets on corporate credit cost the bank more than $2 billion includes a group that has invested in financially challenged companies, including LightSquared Inc., the wireless broadband provider that this month filed for Chapter 11 bankruptcy
In the media
Gregory Zuckerman
Dan Fitzpatrick
A trade war is brewing over renewable energy imports between the U.S. and China. Last October, several U.S. solar firms filed a federal trade complaint against Chinese companies for “dumping” solar products on global markets to artificially lower prices with a glut of supply. The complaint also
Blog
J. Mijin Cha
The best defense of private equity is that this industry does both good things and bad things. Sometimes private equity firms rescue troubled companies, pump in new capital and management talent, and make them better and more productive -- saving or creating jobs along the way. Other times, though
Blog
David Callahan
Public transit in the U.S. is a classic chicken and egg situation: outside of a few metropolitan areas, transit networks are not dense enough to be useful so few people take public transit. If few people take public transit, there is not enough demand or political will to expand transit networks
Blog
J. Mijin Cha
One big question at the center of the private equity debate is whether firms like Bain Capital intentionally set out to burden the companies they take over with debt -- or whether things just sometimes go sour amid failed turnaround efforts.
Blog
David Callahan
On the third anniversary of the Credit Card Accountability Responsibility and Disclosure Act being signed into law, the average debt has declined, but many Americans are still using credit cards as a way to cover basic living expenses, according to a national survey from the policy center Demos.
In the media
Maggie Shader
The Senate Banking Committee hearings on Tuesday enlightened the public on one extraordinarily important fact. Politicians can be expected to lie, bully, and engage in character assassination to serve the basest of motivations.
Blog
Wallace C. Turbeville
A national research firm says a recent survey of low and middle income consumers indicates the 2009 Credit Card Accountability Responsibility and Disclosure Act is helping consumers reduce their credit card debt load.
In the media
David Morrison
The Credit CARD Act is helping households pay down balances faster, with a third of low- and middle-income households that carry credit card debt reporting that new disclosures have caused them to pay down their balances faster.
Blog
Amy Traub