Federal regulators have actually been cracking down somewhat lately on financial industry fraud. But the power-suited executives responsible for that fraud are still paying no personal price. What should we,...
Mitt Romney and I both grew up in Bloomfield Hills, Michigan, a wealthy suburb of Detroit. For much of our childhoods, we were represented in Congress by a tireless defender...
A new Cleveland Fed study details the declining share of U.S. national income that comes from the labor we do and the rising share of national income that comes from...
In real life, working hard only takes you so far. Those who go all the way — to grand fortune — typically get a substantial head start. So documents a...
Understandably in these difficult times, much of the reporting on the Chicago teachers' strike has focused on teachers' pay. Most influentially, reporting from The New York Times strongly implies that...
In any society where wealth concentrates at the top, the affluent will almost always come to sneer at public services and the men and women who provide them. [caption id="attachment_4557"...
A new report from a United Nations group details how low inequality promotes economic growth — and blasts away at a status quo where the most profitable firms end up...
According to Census Bureau figures released today, 15 percent of the US population lives in poverty. In 2011, more than 46 million Americans lived below a poverty line that was...
When President Lyndon B. Johnson declared a war on poverty in January 1964, the poverty rate was over 19 percent. By 1972 it had fallen to less than 12 percent,...
