Economy and Business

Shredding the Safety Net

Shredding the Safety Net

There’s widespread poverty in America today, though it’s sometimes hard to see how bad it is. Real estate development techniques and zoning rules, plus a healthy dollop of discrimination, force most poor people to live and work in neighborhoods many of us don’t often visit.

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Getting Main Street to Call the Shots

Getting Main Street to Call the Shots

Thanks to massive bailout funding from the Federal Reserve and U.S. Treasury, Wall Street survived the financial crash it created. This year, its titans are enjoying record share prices, corporate profits, and executive bonuses. The financial assets of America’s billionaires and the idle cash reserves of the most profitable corporations are at historic highs. Their biggest challenge is figuring out where to park all their cash.

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Sleazy Corporate Holiday

Sleazy Corporate Holiday

My father, long dead, spent his working years in tool and die shops in Detroit, an experience from which he crafted a political, economic, and social philosophy of life. “They’re all in it together,” he would say. That was the very core of the philosophy.

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