Psychologist Denise Cummins, who has held faculty and research positions at Yale and the University of Illinois, draws upon her own career to argue that tenure is a meaningless distinction between the accomplishments of adjuncts and full-time professors. Continue reading
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.
In the past three years, 22 American companies have relocated outside U.S. borders, usually through mergers with or purchases of a foreign company. That move, known as a tax inversion, means corporations are no longer subject to American corporate taxes. Jeffrey Brown learns more about the strategy and its effect on the economy from Roberton Williams of the Tax Policy Center. Continue reading
Pre-employment testing is a science, but the administration of those tests requires careful scrutiny, says guest columnist and industry insider Dr. Erica Klein. She shares her biggest beefs about poorly designed tests — and how to make it through them to compete for the job. Continue reading
You’ve spent decades paying taxes on your earnings to fund your own Social Security benefit, but when your higher-earning spouse dies, you start receiving spousal benefits that wipe out your own, albeit smaller, retirement benefit. Is that a fair deal? Social Security expert Larry Kotlikoff doesn’t think so. Continue reading
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
Bank of America will pay nearly $17 billion for its role in writing and securitizing risky home loans in the run up the housing crisis. For a closer look at the Justice Department deal, and the impact it and earlier bank settlements might have on Wall Street and across the U.S., Hari Sreenivasan talks to Dennis Kelleher of Better Markets and Lynn Stout of Cornell University. Continue reading