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.
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.
Everyone is talking about a favorite Wall Street trick called stock buybacks. But what are they and what do they mean to you? Business expert William Lazonick answers with a clarion call for changing the way America does business.
The structure of the Federal Reserve ensures that the banking industry's concerns get a full hearing at Fed meetings, while those of workers may not. But that doesn't mean protests against Fed policies are futile.
With so many homeowners and businesses making greener energy choices, private utilities see the writing on the wall. They're trying to coax lawmakers into rigging the rules against increasingly competitive new energy alternatives.
Corporate “inversions” are all the rage. No, I’m not talking about Wall Street yoga — although the term does refer to a method for companies to twist and contort themselves in order to evade taxes.
For many years there were some economists who argued that their discipline should focus on growth and not worry about inequality. But a research brief Standard and Poor’s concludes that growth versus equality is a false choice.
Why does Wall Street tank on news portending economic gains for most Americans? Don’t people with extra money boost the economy when they spend more freely? Isn’t it something worth celebrating? Not in an economy that caters to the rich.
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 […]
Wealth's current tilt to the top sometimes seems almost eternal. But can our economy ‘self-correct’? A provocative new paper out of the developed world's official research agency contemplates our tomorrow.
The "Make it Work" campaign is primarily concerned with issues surrounding equal pay, caregiving, and work and family life. Vivien Labaton, the campaign co-founder, explains how it plans to advance its agenda.
A leading conservative academic is charging that critics of America's top-heavy distribution of income and wealth are missing the bigger picture. In the process, progressive economists point out, he's only fogging that picture up.
If you get a speeding ticket, do you get to deduct the fine from the income tax you owe? Then why should JPMorgan Chase be able to deduct from its taxes a $20 billion fine for wrongdoing as a cost of doing business?
At a Senate Finance Committee hearing this week, the committee chairman and a panel of witnesses were united in supporting immediate action to combat "inversions," an increasingly used tax-avoidance tactic.
The aims of Rep. Paul Ryan's latest antipoverty vision sound noble. But the core of his proposal has a fundamental flaw: Block grants to states have proven ill-suited to the task of reducing poverty.
One of the most startling trends to come out of the wreckage of the 2007-2008 financial crisis is the explosion of Wall Street firms buying up and renting out property all across the country. This is insane -- it’s a recipe for disaster.
Narcissists don’t happen to be particularly nice people. They preen. They grab. And they never ever really feel our pain. New research shows that extremely self-centered people also don’t make particularly effective corporate CEOs.
Sen. Rand Paul mocked the Obamas for wanting their daughters to experience working for minimum wage. My experience taught me “the value of work,” and to value workers for whom earning a living isn’t always fun, stimulating, or fair.
As is usually the case with the conservative extremists who dominate the House, when it says it is about to "improve" something, that's the signal that for a lot of struggling families, things are actually about to get worse.
Corporations that “invert” park their assets, staff and sales in the U.S. But with their sham overseas addresses, they won’t pay taxes on foreign income to the country that protects them.
There's no margin of error for low-income working parents. There's no “plan B,” because there's barely enough resources for “plan A.” If just one thing goes wrong, “plan A” crashes and burns, taking the rest of someone’s life with it.
Several members of Congress and a few dozen staff members participated in a poverty simulation on Capitol Hill designed to give a taste of the stress, confusion, and backbreaking toughness of being poor in America.
We need to stop caring so much about the well-being of Wall Street, and start caring about the American people and economy. No American should have to go to bed tonight worrying if they’re going to become homeless tomorrow.
The outsourcing of public services to private go-getters has concentrated wealth the whole world over. The best answer to that concentration? That just may be new forms of public ownership.
Democrats, we're told, are united whereas Republicans are tearing each other apart. But beneath the apparent consensus, a fundamental argument is brewing between the Wall Street and the Warren wing of the party.
Fortune lists companies that "sure seem American—except when it comes to paying taxes" and publishes a denunciation of an "exceptionalism" that enables companies to avoid taxes but benefit from being American.
Until the corporate elite and our billionaire class are under control, and our working class once again can enter the middle class, we stand at the precipice of a great crash. Without vigorous governmental action, it gets closer every day.
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.
As Washington wades into another debate over extending unemployment insurance benefits, millions of jobless Americans are waiting for our elected leaders to finally get around to focusing on jobs.
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.
As the White House holds a Summit on Working Families today, here are five policies with broad popular support that could make a family-friendly economy a reality.
A growing body of evidence suggests that inequality is changing not only American family structures, but the roles men and women play and the calculations they make in pairing and establishing households.
While conservatives fret over breadwinner moms and caregiver dads, Democrats are working to create a more family-friendly economy, starting with a family-friendly workplace.
A key keeper of the market fundamentalist flame, the Heritage Foundation's Stephen Moore, wants us to know that all his rich and powerful red-state pals really do care about income maldistribution.
Massive income inequality is not new. Yet there are still conservative myths floating around about why it is and what we can do. Here are a few of the real reasons ordinary Americans languish economically.
America is plagued by too much public squalor and too much private wealth. Partisan obstruction blocks even modest reform. Americans will continue to struggle until they force a new politics.
Corporations currently owe up to $700 billion in unpaid, “deferred” taxes. Congress can make them pay, or let them off the hook. Guess which choice Congress is about to make.
Wage squeezes, share buybacks, and tax subsidies, three new progressive think tank studies show, are all combining to keep America's high and mighty ever higher and mightier.
Until the economy gets better, people will hold up their guns as a way to feel powerful in a society that renders them powerless. This is just a fact. That’s why it's time to turn our back on the 33-year experiment of Reaganomics.
Thomas Pickety and Sen. Elizabeth Warren discuss why it is that the rich are getting richer, and everybody else is getting poorer, and most importantly, what we can do to fight it.