A New Record Hedge Fund Windfall
The hedge fund industry’s trade journal has just released its annual figures for hedge fund manager earnings. The big winner for 2010: John Paulson. His winnings: the biggest ever, an...
Articles
U.S. Wealth: A Second Opinion
The dust has now settled from the 2008 financial crash. The money, too. The question of the day: In whose pockets? Two sets of researchers have offered answers to that...
Inequality’s Impact: A New Debate Opens
If the wealth of the wealthy really bothered Americans, flacks for grand fortune enjoy declaring, our political system would be shaking something fierce. They don't see a whole lot of...
The Right’s Pushback Against Taxing the Rich
The rising public clamor for higher taxes on America's wealthy has conservative ideologues increasingly uneasy. For good reason. They don't have the numbers on their side. Or history either. A...
Pay Up, Corporate Tax Dodgers
We're chumps unless we force Congress to stop tax haven abuse. Instead of cutting state and federal budgets, the United States should crack down on the corporate tax dodgers thumbing...
What Wall Streeters Took Off the Table
The financial industry meltdown has bestowed upon profs at business schools a wondrous gift: a life-time supply of fascinating data to burrow their way through. Two respected scholars — from...
CEO Pay Bashing, Tea Party-Style
Has Jim DeMint, the right-wing senator leading the assault on federal domestic spending, finally gone too far? His corporate executive benefactors may soon come to think so.
The Fleecing Taxpayers Bait-and-Switch
Lavishly paid corporate executives, flush with tax-deductible taxpayer dollars, have plenty of reason to relish the right-wing assault on 'overpaid' public employees. But we can wipe that grin off their...
A New ‘State of Working America’
The folks over at the Economic Policy Institute in downtown Washington can sometimes sound like a broken record. But they should take that as a compliment, a tribute to their...
Taxes, Transparency, and Our Opaque Opulent
Mega-millionaire residents of Manhattan's finest luxury towers pay less of their income in federal taxes than the janitors in their towers do. Once upon a time, we had a law that discouraged that distinction.
A Business Case for Greater Equality
The Nordic Way: Shared norms for the new reality. A report prepared for the World Economic Forum in Davos, Switzerland, January 2011. President Obama has opened 2011 preaching a new gospel:...
Debating Wealth’s Concentration
Most observers would likely rank the UK-based Economist as the world's most influential business news magazine. Week in and week out, the Economist offers perspectives that shape how corporate movers...