Finance

As the 2016 Campaigns Heat Up, the Moment Still Belongs to the People

As the 2016 Campaigns Heat Up, the Moment Still Belongs to the People As the 2016 Campaigns Heat Up, the Moment Still Belongs to the People

What once seemed unexpected is no longer unthinkable.

Sep 22, 2015 / Katrina vanden Heuvel

Financial Markets Wall Street Federal Reserve

Low Interest Rates Help Private-Equity Moguls and Hurt Average Americans Low Interest Rates Help Private-Equity Moguls and Hurt Average Americans

Today’s near-zero rates are free money for investors, but murder for savers and retirees.

Sep 18, 2015 / William D. Cohan

September 15, 2008: Lehman Brothers Files for Bankruptcy and American Finance Collapses

September 15, 2008: Lehman Brothers Files for Bankruptcy and American Finance Collapses September 15, 2008: Lehman Brothers Files for Bankruptcy and American Finance Collapses

“What you have is a glorified money-laundering scheme.”

Sep 15, 2015 / Richard Kreitner

TechCrunch

Age of the Unicorn: How the Fed Tried to Fix the Recession, and Created the Tech Bubble Age of the Unicorn: How the Fed Tried to Fix the Recession, and Created the Tech Bubble

The number of “unicorn” tech companies is increasing dramatically—but the bubble will burst eventually.

Sep 3, 2015 / Doug Henwood

China worker

China’s Meltdown Goes Deeper Than the Stock Market China’s Meltdown Goes Deeper Than the Stock Market

The market’s volatility hurts share prices, but the turbulence in China’s real economy has plunged workers into poverty and fatal risks on the job.

Aug 26, 2015 / Michelle Chen

Spotify

Next to Nothing: The Economics and Aesthetics of Streaming Music Next to Nothing: The Economics and Aesthetics of Streaming Music

Apps like Spotify and Apple Music haven’t just changed the way we purchase music—they've changed the way we listen.

Aug 24, 2015 / David Hajdu

Rikers Island

Goldman Sachs and Bloomberg Philanthropies’ Investment in Prison Reform Failed. Why Do They Consider It a Success? Goldman Sachs and Bloomberg Philanthropies’ Investment in Prison Reform Failed. Why Do They Consider It a Success?

This is why we shouldn’t expect a financial return on social programs.

Aug 19, 2015 / Michelle Chen

Marc Lasry

Is an Obama Donor Tying the President’s Hands on Puerto Rico’s Debt Crisis? Is an Obama Donor Tying the President’s Hands on Puerto Rico’s Debt Crisis?

Vulture-fund investor Marc Lasry—who raised $500,000 for Obama in 2012—stands to gain if the commonwealth is not bailed out.

Aug 19, 2015 / Ed Morales

How to Repeal the Tax Loophole That Allows Companies to Hide Their Profits in Offshore Accounts

How to Repeal the Tax Loophole That Allows Companies to Hide Their Profits in Offshore Accounts How to Repeal the Tax Loophole That Allows Companies to Hide Their Profits in Offshore Accounts

If we want to address the inequality crisis, we must prevent corporations from sitting on hoards of untaxed cash.

Aug 4, 2015 / David Cay Johnston

Bernie Sanders Explains Why You Should Care About What’s Happening to Greece

Bernie Sanders Explains Why You Should Care About What’s Happening to Greece Bernie Sanders Explains Why You Should Care About What’s Happening to Greece

He really does sound like a socialist, doesn’t he?

Jul 31, 2015 / William Greider

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