Useless Baggage

Useless Baggage

They’ve hit a new low. Citing significant concerns about long lines at airports and flight delays caused by the furlough of air-traffic controllers, Congress let the Federal Aviation Administration override strict sequestration rules and redirect funds within...
Tracking CEO Pay

Tracking CEO Pay

Under current U.S. law, all our publicly traded corporations must annually disclose exactly what they pay their top executives. So why do all those CEO pay scorecards we see every spring show such different results? USA Today found an 8 percent hike in 2012 CEO pay...
Making Poverty a Crime

Making Poverty a Crime

Ebenezer Scrooge, the Dickens character, perfectly personified the nasty rich. For example, when asked to make a charitable donation for people trapped in poverty, Scrooge curled his lip in contempt and snarled: “Are there no prisons?” Blessedly, our...
Under-Regulating the Regulators

Under-Regulating the Regulators

A powerful and well-connected global consulting firm recently announced it had landed another big fish. Mary Schapiro, the former chief of the Securities and Exchange Commission, will become one of its managing directors. When asked about her move from the SEC to...
The Art of Inequality

The Art of Inequality

Thomas Campbell directs the Metropolitan Museum of Art in Manhattan. He’s smiling a great deal these days. Why? Campbell has just received something museum directors only dream about: a donation of paintings, drawings, and sculptures worth over $1 billion. The...