Cry a River over California’s Drought

Cry a River over California’s Drought

As a Californian, I have not gotten too much sympathy from friends and family about our rotten weather this winter. Yes, I said rotten weather. It’s been incredibly pleasant— except for a few times when the temperature crept up to 90 — but we’ve hardly had...
The Corporate Land of Oz

The Corporate Land of Oz

In L. Frank Baum’s novel, The Wonderful Wizard of Oz, the “wizard’ turns out to be a phony — just an old guy sitting behind a curtain, using his booming voice to spew nonsense in a vain effort to fool people. But now, a century after Baum’s...
The Rigged Housing Market

The Rigged Housing Market

An upscale housing development in Wilton, Connecticut (all of Wilton is upscale) is having no trouble selling its 20 units for $800,000 each. On average, homes in that town now fetch more than $1 million a piece. And real estate experts only rank the region that...
Take this Compromise with a Grain of Salt

Take this Compromise with a Grain of Salt

The two cousins who run the private equity giant KKR took home an astounding total of $327 million in 2013, new regulatory filings reveal. Much of this lush windfall came via “carried interest,” Wall Street-speak for the cut that private equity kingpins...
A Sweet Victory

A Sweet Victory

The Food and Drug Administration recently came out with a sweet surprise. Its proposed new nutrition label will finally give us a bit of key information we need to understand our food: the amount of added sugars. If you look at a nutrition label now, you will see how...