World Bank Chooses Wrong Indicator
In a world with rising inequality, the World Bank should do a better job of measuring 'shared prosperity.' By Nick Galasso This piece is an adaptation of Nick’s recent article...
Corporate Power
A New Yardstick for Wall Street Bonuses
The financial industry’s 2014 bonuses doubled the combined earnings of all Americans who work full-time at the federal minimum wage.
Study: Financial Tax Would Pay Off Big
A serious tax on financial industry high-rollers, says a new German study, would raise far more billions than previous estimates have assumed.
Our Widely Ignored Redistribution Up
If redistribution is so terrible, why do our policy wonks pay so little attention to redistribution from poor to rich?
Impunity and the Crimes of Finance Oligarchs
Look no further than the leadership of the American financial industry for our own brand of oligarchs who enjoy criminal impunity. By Robert J.S. Ross In the global discussion of...
Fast Fortunes: On the Diamond and Beyond
Baseball’s top hitter and Wall Street power suits both ply their trades in a high-speed world. That hitter will make over a quarter-billion in the next decade. The top suits...
What’s Crippling the Recovery: Lack of Investment Demand or Too-Big-to-Lend Banks?
QE is supposed to stimulate the economy by encouraging investment with low interest money. That hasn't happened, but why? Does no one want to borrow, or do banks not want...
Let the Government Default on Its Bonds — And Build a Better Budget on the Ruins
Conventional wisdom in Washington and New York is that a US default on its interest payments due to bond investors is unthinkable. Editorial after editorial proclaims that a US default...
Defending the Top 1 Percent — and Failing at It
An academic heavyweight from Harvard has taken up the cause of America’s most affluent 1 percent. But his defense has done the nation’s rich no favors. By Colin Gordon [caption...