Tolstoy wrote that "kings are the slaves of history." Unfortunately for Burger King, which intends to renounce its American status for tax purposes, neither history nor public opinion is on its side.
In one of its lesser-known provisions, the Affordable Care Act limited tax breaks health insurers could claim for executive compensation. While that may sound arcane, the implications could be profound and far-reaching.
Monday morning the S&P 500 composite index briefly passed the 2,000 mark. But out beyond Washington and Wall Street and the Hamptons, out in the world where most Americans live, things aren’t quite as rosy.
Is it true that the future "doesn't include jobs for humans"? We should be asking a different question: Will the next automation transformation be managed wisely and fairly for everyone, or just for the benefit of an elite?
Who benefits from all of this? Defense contractors certainly do. They can argue that their products are useful to the nation both abroad and at home. And politicians can benefit from an ideology based on fear.
There is one conclusion to be drawn from the settlement’s otherwise vague “statement”: bankers at JPMorgan Chase engaged in widespread fraud, and in all likelihood they will never pay for their crimes.
August 14 is Social Security’s birthday, which raises the question: what do you give the program that has everything? After all, Social Security enjoys massive public support. It’s the most efficient program of its kind in the country.
The game plan: Adopt your competition’s failed economic agenda, make yourself your opponent’s pallid shadow, and base your campaign on issues, positions and priorities that have little or no support among voters.
The numbers that accompany these deal announcements always seem impressive. Compared to the wealth that bank fraud has taken from American households, these settlements are a drop in the ocean.
Thomas Friedman recently filed an editorial from, and about, Madagascar. In a new piece for Salon, we point out the flaws in his thinking – flaws that mirror his shortsighted […]
It is a demonstration of what happens when people who are opposed to government are given positions of power within it and do not face a sufficiently eloquent and well-organized opposition.
The progressive economist says Janet Yellen is adopting a more activist, interventionist stance as Fed chair, something he and other progressive economists had been advocating for some time.
There's no bad news on Social Security, and Medicare's outlook has improved. So how did the well-funded naysayers react to these positive developments? With fear, not wisdom.
The real story about income inequality is what progressive activists are doing about it, says the co-chair of the Congressional Progressive Caucus. The latest wave of action will confront "wage theft."
How does it feel to be the CEO of a “defector corporation”? Do such executives face the opprobrium of society as they enjoy the fruits of this land that has given them so much? So far, apparently not. But that may be changing.
Activists huddled over coffee to plot new ways of defeating metaphorical “snakes” while other attendees networked over drinks as they sought to climb career ladders.
Republicans are raising alarms about Social Security’s disability trust fund. But a staff member for one senator admits seeking to use the issue "to catalyze a broader discussion" about cutting Social Security benefits.
These agreements leave criminal bankers with no incentive to mend their ways. Here are seven reasons why the much-touted new deal isn’t everything it’s cracked up to be, especially for consumers.
This deal with Citigroup is being trumpeted as a major win for the American people. It’s not. The money’s not enough, the wrong people are paying, and there will be no prosecutions.
It was good to hear President Obama say that reining in Wall Street’s high-risk behavior is an “unfinished piece of business.” It would be even better if this observation were quickly followed by action.
Why is July 4 our Independence Day? Because independence begins with an insight, a realization so powerful that it allows us to achieve the seemingly impossible – like defeating an empire.
Some might say that these questions are disrespectful to believers. But it is the Supreme Court that has arguably transgressed here, by declaring that a bloodless corporation is capable of belief.
Sen. Elizabeth Warren went to Kentucky to campaign for Senate Democratic candidate Allison Grimes. Some smart people have clearly concluded that progressive economic populism is a winning strategy in the South.
Our country’s bias against women in the workplace isn’t just cultural. As is true elsewhere, evidence for it can be found in both policy choices and economic data.
This was the worst quarter for the GDP since the peak of the Great Recession. The American people might be forgiven for doubting the experts and leaders who should be counted on to make responsible decisions.
For months there have been rumors that the Social Security Administration has a “secret plan” to close all of its field offices. In a document prepared for Congress, the plan is no longer a rumor.
Medtronic is as American a company as they come. But if Medtronic’s management has its way, the company will soon become Irish. Why? Because everybody evades their taxes nowadays.
AFL-CIO President Richard Trumka characterizes his vision of a progressive and populist-oriented labor coalition, not as a modern innovation, but as a return to labor’s roots.
There are legitimate conclusions to be drawn from Cantor’s defeat. But there are also some insights to be gained from David Brat’s upset victory, especially for the left.
On "The Big Picture," a vision of a Federal Reserve that serves the interests of ordinary people and not just bankers, and a look at the latest shooting incident involving right-wing extremists.
Perhaps some of the passion President Obama says he feels for people struggling with student loan debt could be reserved for the alleged victims of student loan servicer Navient.
PBS (and its radio equivalent, NPR), while continuing to broadcast a great deal of fine programming, has increasingly come to reflect the agenda of “the one percent.” Is this why PBS spiked "Citizen Koch"?
The president has an opportunity to make the Fed more democratic, in a way that would be economically transformative and politically popular. It’s also what the law requires.
Earlier today we had a wide-ranging conversation with Sen. Sherrod Brown of Ohio about the fight to expand Social Security and the social safety net.
The Right wasted no time seizing the opportunity the Financial Times gave them to discredit Thomas Piketty's book on wealth inequality, but felt no responsibility to amend their words when new information came to light.
Economists Amir Sufi and Atif Mian in their latest book challenge many of the assumptions behind how elected officials responded to the 2008 recession. Sufi explains the crucial mistake policymakers made.
“We need more than just bumper sticker phrases,” Rev. William Barber II of the NAACP said at The New Populism Conference last week. It takes a vision – and a lot of hard work.
"The Pillow Book of Sei Shōnagon" is considered an invaluable record of a pampered and long-vanished Japanese imperial court. Someday we may look at former Treasury Secretary Tim Geithner's memoir "Stress Test" the same way.
Two economists make a convincing case that the 2009 recession wouldn't have been any more harmful than previous ones if financial decision-makers had rescued homeowners, rather than only concentrating on bankers.
The Democratic Party risks being sidelined from the debate being sparked by the New Populist uprising, paralyzed by the Sphinx-like silence of its presumptive 2016 nominee – and her husband's rhetorical war on populism.