Category: The Economy

Does Hillary Clinton Own Wall Street?

Bloomberg takes a look at the various players in the donor class who have contributed big bucks to Hillary Clinton or her Super PACs, and they discover some interesting tidbits. For example, Clinton has talked a lot about the great…

The Vampire Squid Pays a Fine

The vampire squid has agreed to a pay a “$2.4 billion civil penalty, as well as $1.8 billion in relief to underwater homeowners, distressed borrowers and affected communities.” It’s being announced as a $5 billion settlement, but that’s misleading, as…

What Happened to St. Louis?

We have a great feature in our new March/April/May 2016 issue. Brian Feldman, a researcher-reporter with the New America Foundation’s Open Markets Program, has done a deep dive into the history of St. Louis’s economy and the explanations for the…

Can You Be a Good Person and Use Uber?

Are companies like Uber and Airbnb “taking major parts of our economy backwards to pre-New Deal conditions” as Steven Hill contends in his new book, Raw Deal: How the “Uber Economy” and Runaway Capitalism Are Screwing American Workers? That’s the…

Kenyan Socialism Rocks

The Wall Street Journal reports that it’s Morning in America again: Unemployment fell in every state and the nation’s capital last year—something that hadn’t happened since 1984. The broad decline, revealed in a Labor Department report Wednesday, offers the latest…

A Supplement to Piketty

We were fortunate to get Harvard Professor Daniel Carpenter to write an important piece on wealth inequality in the new issue of the Washington Monthly. Despite the headline, What Piketty Missed: The Banks, the article should be seen more as…