Back in the Wall Street Saddle Again
The awesomely affluent of high finance, if current trends continue, seem almost certain to survive the mess they’ve created — with their wealth and power largely intact. And Treasury and Congress don’t appear to really mind.
Remembering When Citigroup ‘Cared’ about Inequality
Citi analysts spent two years obsessing over luxury consumption by the rich. Last week, the ultimate symbol of that consumption — the fine art bubble — finally popped.
An Icy Oasis from the Great Meltdown
Norway has escaped the ravages brought on by the global financial collapse. What’s Norway’s magic formula? Share the wealth.
Jack Kemp and Taxes: The Final Irony
Tax-cutters inspired by Jack Kemp have always argued that high tax rates give the rich an incentive to cheat on their taxes. The reality: So do low tax rates.
Did Derivatives Drive the Meltdown?
A noted World Bank economist is suggesting we need to concentrate less on the complexities of high finance and more on the noxious simplicity of our deeply unequal income distribution.
