Our Slow-Motion Global Accident

Have you ever found yourself in the midst of a disaster–like taking a bend in the road too fast on a rainy night–where every second seems impossibly stretched? The situation unfolds in slow motion. You know exactly how it turns out, even before your car...

Toxic CEO Pay Story

As a critic of runaway CEO pay, I have a lot of scars from debates I’ve done on cable TV business shows. But my most memorable pummeling was in August 2007, when I nearly got my head bitten off for criticizing Countrywide Financial CEO Angelo Mozilo on the CNBC...
A $700 Billion Dilemma

A $700 Billion Dilemma

How would you spend $700 billion? Congress has to decide this month. One simple solution would be for Congress to extend the Bush-era tax cuts for households with incomes over $250,000 for another decade. That would use up all $700 billion. I feel bad for Congress....

Raise the Minimum Wage

When he was campaigning in 2008, President Barack Obama promised to raise the federal minimum wage, declaring “people who work full-time should not live in poverty.” Obama proposed raising it to $9.50 by 2011. That would merely adjust the minimum wage for...
Food Shouldn’t be a Poker Chip

Food Shouldn’t be a Poker Chip

This Thanksgiving, most farmers around my hometown in central Minnesota are celebrating a good harvest. Rain–for once–fell at the right time in the right amounts, and prices for many crops grown in Litchfield are high. After yo-yoing up and down for the...