At an economic conference in Jackson Hole, Wyoming, last week, Federal Reserve Chair Janet Yellen said the central bank is awaiting more recovery in the labor market before deciding when to raise interest rates. That was bad news for economist Terry Burnham, who returns to Making Sen$e to spell out the dangers of keeping rates low. Continue reading
Unless we change our distribution of non-labor income, we can kiss our middle class goodbye, says entrepreneur Peter Barnes. In his new book, “With Liberty and Dividends for All,” Barnes proposes a nationwide dividend program, like Alaska’s, that would help the middle class and reduce the need for wealth redistribution.
The day after Bank of America’s record $16.65 billion settlement with the Department of Justice, Making Sen$e looks back at how the bank increased their holdings of risky mortgages and looks forward at whom — from consumers to shareholders — will be affected by the settlement. Continue reading
Economist Milton Ezrati argues that the economic policies of Japanese Prime Minister Shinzo Abe — known collectively as “Abenomics” — aren’t doing enough to address the demographic challenges of an aging population. Japan’s economy, he believes, needs more innovation to break away from a failed economic model. Continue reading
Women and millennials are pushing social impact investing into the mainstream, but their support for gender diverse and environmentally sustainable companies isn’t just about feeling good, says Pax World CEO Joseph Keefe; it’s also about higher shareholder return over the long term. Continue reading
Don’t accept a new job, and maybe even consider not quitting your current job, until you’ve seen the employee handbook. That may sound risky, but taking a job without knowing all the terms is risky, says headhunter Nick Corcodilos. Continue reading
There’s been little improvement in the percentage of women serving on corporate boards or in chief executive roles at Fortune 500 companies. But with more women earning degrees, why are we simply “treading water”? Paul Solman speaks with Brande Stellings, whose nonprofit tracks the results of women in business. Continue reading
Despite an ultimatum from the Market Basket board that striking employees will lose their jobs if they don’t return to work by Friday, many of the New England grocer’s workers refuse to come back without the return of former CEO Arthur T. Demoulas. Continue reading