Economy and Business
Take Your Loot with You
Astoundingly Legal Corporate Tax Thievery
Did you scramble to get your taxes done this year at the last minute? Yeah, me too. I really didn't mind paying what I owe — but I hate having to pay the taxes owed by the likes of JPMorgan Chase, ExxonMobil, and Amazon. They're just a few of the astonishingly...
Narcissists Gone Wild!
Narcissists don't happen to be particularly nice people. They preen. They grab. And they never ever really feel our pain. Extremely self-centered people, some fascinating new business school research shows, also don't make for particularly effective corporate CEOs....
Citigroup’s $7 Billion Wrist Slap
When Citigroup accepted what the media hailed as a whopping $7 billion penalty for defrauding its own investors and wrecking our economy, the bank just shrugged. "We believe that this settlement is in the best interest of our shareholders and allows us to move forward...
Worth More: One Man or an Entire City?
A population of 100,000 is substantial. Five states don't even have one metropolis that large. Some cities that size, like Fargo, North Dakota, are their state's biggest. Others, like Lansing, Michigan, are state capitals. About 100,000 people live in Rochester,...
Walgreen Writes its Own Sick Prescription
How would you react if one of your neighbors announced that while he obviously benefits from having clean water, highways, Medicare, police protection, parks, schools, and other public services, he was no longer going to pay his share of the taxes that make them...
The State of Runaway CEO Pay Resistance
Fed up with the do-nothing Congress, people around the country are no longer waiting for Washington to lead on some of the most pressing economic fairness issues of our time. Take the minimum wage debate. States and cities are rising above the partisan swamp in the...
What is this Country about Anymore?
Meet Mark. He's a 58 year old, college-educated veteran who lives in Oregon. He was laid off last September and has been unable to find work since. Mark's state unemployment benefits ran out in May. Since funding for the federal Emergency Unemployment Compensation...
Putting a Pitchfork in It
Lloyd Blankfein is very concerned about income inequality. With his face reflecting both worry and perplexity, he recently called inequality "very destabilizing." Blankfein's concern doesn't come from the perspective of one experiencing inequality from the bottom of...
Hamster-Wheel Economics 101
Treasury Secretary Jack Lew comes across as somewhat optimistic about the rather lackluster national economy. "Evidence continues to mount that our economy is gaining traction," Lew recently said. "Nevertheless, we cannot escape the fact that millions of Americans...
