Economy and Business
Millennials Better Start Thinking About Retirement
I’m only 24, but I signed up for the 401(k) plan at work as soon as I qualified. I’m privileged to have a responsible employer and to belong a union that fought for its members’ right to enjoy decent retirement benefits. Many of my friends aren’t so lucky. My employer...
For Sale: Obscene Monuments to Mammon
The uber-rich like to collect trophies as proof of their unsurpassed uberness. These aren’t like the tacky brass trophy you won in a bowling tournament. No, no — global ultra-billionaires compete ferociously with each other in their extreme wealth games to have the...
Working Until It’s Time for Your Grave
“My plan is just to work until I die.” That’s how my mom sums up her retirement prospects. She’s worked more than 40 hours a week as a legal secretary in north Florida for as long as I can remember. When my brother and I were kids, we went to her office every Saturday...
Don’t Be a Fossil-Foolish Investor
Investors who choose to steer clear of oil, gas, and coal are protecting their portfolios in the short term and the long run. Who has divested lately? The fast-growing list includes the University of California, insurance giant Allianz, the German city of Munster, and...
Put This Coal Kingpin in the Stocks
Disgraced coal baron Don Blankenship didn't get what he deserves in his recent federal trial. But he richly deserves what he got. “Guilty,” declared all 12 West Virginia jurors, who convicted this arrogant and avaricious former CEO of Massey Energy of willfully...
Have We Hit Peak Inequality?
When should we be alarmed about so much wealth in so few hands? The Great Recession and its anemic recovery only deepened the economic inequality that's drawn so much attention in its wake. Nearly all wealth and income gains since then have flowed to the top one-tenth...
Stop Shopping, Start Living
Imagine if retailers held a nationwide super-spectacular sales day — and no one came. I don't mean customers. Picture sales staff, cashiers, and even managers not showing up to open the doors for the usual frenzy of mass, crass, crazy consumerism. Maybe it’s silly —...
The Golden Years Gap
Flo, the Progressive insurance pitch woman in the white uniform and headband, is relentlessly perky. She won't be when she learns about the double standard that lets her CEO sock away millions more for retirement than she can. Whereas the Flos of the working world...
Can Jeb Bush Even Spell Integrity?
If you're a presidential aspirant and you have to tell people you’re a person of integrity, chances are you're not. Those odds get worse if you have to hire someone else to attest to your honor. How intriguing, then, that Kristy Campbell — a spokeswoman for Jeb Bush's...
Is GDP Over?
Crossposted from Inequality.org. Organizers of October’s fifth OECD World Forum on Statistics, Knowledge, and Policy could barely contain their sense of satisfaction when the three-day event opened in Guadalajara, Mexico. Why all the good cheer? Officials at the...
