by Richard Eskow | Aug 29, 2014 | Blog, Economy, Tax Reform
Tolstoy wrote in "War and Peace" that "kings are the slaves of history." And when the "king" in question depends on the patronage of happy customers for his well-being, his monarchy is also a slave to public opinion. Unfortunately for Burger King, which intends to...
by Richard Eskow | Aug 26, 2014 | Economy
There was great economic news on Monday – for somebody. Monday morning the stock market passed another historic milestone, as the S&P 500 composite index briefly passed the 2,000 mark before ending the day on a record-breaking high. That barrier had symbolic value...
by Lynne Stuart Parramore | Aug 21, 2014 | Economy, Financial Reform
Everyone from Warren Buffett to Robert Reich is talking about a favorite Wall Street trick called stock buybacks. But what are they and what do they mean to you? William Lazonick is a leading expert on the history of the American business corporation. A professor of...
by Dean Baker | Aug 20, 2014 | Economy, Jobs and Growth
The Washington Post had an article on grassroots efforts to try to influence the Federal Reserve Board's decisions on monetary policy. It would have been helpful if the piece provided more background on the Fed's institutional structure and decision-making process....
by Emily Schwartz Greco | Aug 14, 2014 | Climate, Economy
By Emily Schwartz Greco and William A. Collins With so many homeowners and businesses making greener energy choices, private utilities — along with big oil, gas, coal, and nuclear companies — see the writing on the wall. Unlike some other denizens of the fossil-fueled...
by Katrina vanden Heuvel | Aug 12, 2014 | Economy
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. Inversions are when a corporation buys a foreign company and...
