Companies Can Either Make Things or Make CEOs Rich

Companies Can Either Make Things or Make CEOs Rich

Jeff Immelt, the CEO of General Electric since 2001, is retiring. The 61-year-old will be making a well-compensated exit. Fortune magazine estimates that Immelt will walk off with nearly $211 million, on top of his regular annual pay. Immelt’s annual pay hasn’t been...
Honor Juneteenth by Closing the Racial Wealth Divide

Honor Juneteenth by Closing the Racial Wealth Divide

On June 19, 1865, Union soldiers arrived in Galveston, Texas. They carried some historic news: Slavery had finally and completely ended, they declared. All of America’s enslaved people were now free, some two and a half years after President Lincoln’s Emancipation...
The Unpleasant Impact of an Unserious Budget

The Unpleasant Impact of an Unserious Budget

Federal budgets, while boring and wonky, can have a serious impact on our lives. They dictate our collective priorities for how we choose to spend our public resources in support of the common good. That is, good budgets do that. But you’d be hard-pressed to call the...
Making NAFTA Worse

Making NAFTA Worse

Like rose blossoms, a politician’s promises can be beautiful when they burst into full, glorious bloom — only to fade over time and, petal by petal, fall away. Take Donald Trump’s glorious pledge last year to renegotiate the NAFTA trade deal and provide a...