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...
Food Stamp Cuts Will Stoke Hunger

Food Stamp Cuts Will Stoke Hunger

Would you believe that the nation’s cabinet has approved an executive order defining food as a legal right? No, not our nation. India has taken this bold step. Malnourishment afflicts 42 percent of Indian children, and part of their government’s response...
Prosperity for All

Prosperity for All

With the stock market breaking ever-higher records, Americans should be celebrating our economic resurgence, right? After all, why else are we supposed to care when the Dow ticks up or down? Although half of us own no stocks at all and the richest 10 percent of us own...
We’re Watching a Great Depression Re-Run

We’re Watching a Great Depression Re-Run

The philosopher George Santayana wrote: “Those who cannot remember the past are doomed to repeat it.” Which is what we’re doing. I thought I’d found an isolated instance of that phenomenon the other day when I ran across quotes on the necessity...
Apparently, Suite Crime Does Pay

Apparently, Suite Crime Does Pay

What should we, as a society, do with all those reckless financial industry execs who helped trigger the Great Recession and the tidal wave of foreclosures? Should we put these power suits behind bars? Or should we forgive and forget, and lavish down upon them...