Last week, Congress engaged in a bipartisan barrage of CEO bashing.
Economists used data from almost 50 million Uber sessions to figure out just how much customers are benefiting from the ride-sharing service.
America has always had an underground sex trade, and for decades most pimps followed the same general script: they’d recruit sex workers on the street, in bars and in strip clubs.
Scorpion met Frog on a river bank and asked him for a ride to the other side. “How do I know you won’t sting me?” asked Frog. “Because,” replied Scorpion, “if I do, I will drown.” Satisfied, Frog set out across the water with Scorpion on his back. Halfway across, Scorpion stung Frog. “Why did you do that?” gasped Frog as he started to sink. “Now we’ll both die.” “I can’t help it,” replied Scorpion. “It’s my nature.”
- By Robert Reich
Donald Trump poses as a working-class populist, but about his new economic plan would be a gusher for the wealthy. And almost nothing will trickle down to anyone else.
This week on the presidential campaign trail, Donald Trump took a big step out of traditional Republican territory to propose a federal solution to the high cost of child care. His plan suggests utilizing the tax code to give a break to working parents with young kids.
The proposed trade deal known as the Trans-Pacific Partnership – TPP for short – is drawing fire from both the right and the left as a middle-class jobs killer. Meanwhile, President Barack Obama continues to defend it as a boon for American businesses and consumers, as well as the larger economy.
In health there are well-established protocols that govern the introduction of any new drug or treatment. Of major consideration is the notion of doing no harm.
Environmental regulations don’t alway have a negative effect on profits. A new study finds that the US Clean Water Act, when implemented in the right balance, can improve firms’ profitability.
Banks may still be evading increased regulation by shifting activities to shadow banking. This system is well established as part of the financial sector, but it provides products that separate an investor from an investment, making it more difficult to evaluate risk and value.
Uber’s announcement that it will introduce driverless cars in Pittsburgh, US, throws into question the fate of not just the “sharing economy”, which Uber helped to make mainstream, but the future of employment in a wider sense too.
- By Ralph Nader
Fifty years ago this month (on September 9, 1966), President Lyndon Johnson signed into law the National Traffic and Motor Vehicle Safety laws that launched a great life-saving program for the American People.
In 1939, when John Steinbeck imagined Highway 66 as “the road of flight,” he evoked the crushing realities of Depression-era migrants who’d been pushed off their land by failing crops, relentless dust and heartless banks.
Apple is only the latest big global American corporation to use foreign tax shelters to avoiding paying its fair share of U.S. taxes. It’s just another form of corporate desertion.
What is the one thing that makes young people everywhere the most anxious? According to the Global Youth Wellbeing Index, it’s a lack of future economic opportunities.
A dramatic decline in the density of US labor unions since the 1970s has resulted in lower wages for both union and nonunion workers, a new study suggests.
As children head back to school, an increasing number of their homeschooled peers will be starting their academic year as well. Homeschooling in the United States is growing at a strong pace.
There is growing evidence that inequality is increasing not only in Australia but internationally within the advanced industrial economies. The age of endless growth in prosperity for everyone is a distant memory of a more hopeful age.
- By Robert Reich
What can be done to deter pharmaceutical companies from jacking up prices of critical drugs? To prevent Wall Street banks from excessive gambling? To nudge CEOs into taking a longer-term view? To restrain runaway CEO pay?
Leading economic think-tank the institute of Fiscal Studies has warned that “middle-income families are the new poor” – a damning indictment of the way poverty in Britain has spread far beyond groups that are traditionally considered poor.
For years, Canada has been headed towards mediocrity at best and irrelevance at worst. Its GDP now ranks 10th in the world, having recently been overtaken by India and Brazil.
Inequities in wealth and income are one of the biggest social, economic and political challenges of our time. It’s important to address these inequities for three key reasons.
Despite the United Nations Millennium Development Goal of a 75 percent reduction in maternal deaths by 2015, the estimated maternal mortality rate for 48 US states and the District of Columbia actually increased by 26.6 percent from 2000 to 2014.