The Rigged Housing Market

The Rigged Housing Market

An upscale housing development in Wilton, Connecticut (all of Wilton is upscale) is having no trouble selling its 20 units for $800,000 each. On average, homes in that town now fetch more than $1 million a piece. And real estate experts only rank the region that...
Take this Compromise with a Grain of Salt

Take this Compromise with a Grain of Salt

The two cousins who run the private equity giant KKR took home an astounding total of $327 million in 2013, new regulatory filings reveal. Much of this lush windfall came via “carried interest,” Wall Street-speak for the cut that private equity kingpins...
Obama’s Budget Asks What’s Valuable

Obama’s Budget Asks What’s Valuable

Obama’s new budget, is it DOA? Can tax breaks for the poor really see light of day? Well, Paul Ryan’s budget will cut taxes too. Granted, not for the many…just for the few. A budget expresses what a nation finds valuable: A good wage in Harlem? Or a...
Without any Grassroots, This Austerity Group Withered

Without any Grassroots, This Austerity Group Withered

The austerity mania that plagued our political system for four years is finally subsiding. The latest sign is President Barack Obama’s decision to nix the Social Security cuts he had previously included in his budget proposal. This was a body blow to the most powerful...