Jul 17 Column: Fighting trickle-down economics in Seattle By Nick Hanauer Trickle-down economics claims that if wages go up, jobs must come down. A controversial new study from the University of Washington has inadvertently fallen prey to that antiquated narrative. Continue reading
Jul 17 Column: New study says the minimum wage hike in Seattle is bad for low-wage workers By Jonathan Meer If your immediate reaction to this study was to dismiss it, it is time to admit that your views cannot be swayed by science. Continue reading
Jul 13 Watch 9:30 The world of finance has a dark side, but that’s only half the story By PBS News Hour You could say that the field of finance has an image problem, with both fictional and real-life figures projecting greed and other less-than-likeable attributes. That’s why Mihir Desai has written a book, "The Wisdom of Finance," to balance the picture… Continue watching
Jul 13 Social Security trust fund will be depleted in 17 years, according to trustees report By Philip Moeller The annual trustee reports on Social Security and Medicare, released today, have become a doomsday clock for senior benefits. Continue reading
Jul 13 Quiz: Can you find the artists among these entrepreneurs and bankers? By Mihir A. Desai The cold calculus and material emphasis of finance seems about as far removed as one can imagine from the arts. And yet, many great writers and artists were tied to finance vocationally. Can you guess who?… Continue reading
Jul 13 Column: Why we are all insurance companies By Mihir A. Desai “We are all insurance companies.” This odd dictum, from the famous American philosopher Charles Sanders Peirce, may serve us well as we struggle to find the best path forward in the health insurance debate. Continue reading
Jul 12 Watch 3:37 News Wrap: Yellen signals likely interest rate hike By PBS News Hour In the our news wrap Wednesday, Federal Reserve Chair Janet Yellen affirmed that short-term interest rates are likely to rise again in the coming months, but left the door open to change those plans. Also, Brazil's former president was convicted… Continue watching
Jul 12 Seeking a ‘better than bingo’ solution for loneliness in older age By Philip Moeller While few would question the need for making long-term financial retirement plans, there is relatively little formal emphasis on making long-term plans for combating loneliness and staying involved in multiple social activities. Continue reading
Jul 07 What can you actually learn from the monthly unemployment number? By Paul Solman The U.S. unemployment rate crawled up to 4.4 percent in June. NewsHour correspondent Paul Solman looks at what that means for the economy. Continue reading
Jul 06 Watch 11:15 What happened when this struggling city opened its arms to refugees By PBS News Hour After decades of decline, the city of Utica, New York, is growing again, thanks in part to its reputation as "the town that loves refugees." And their basic reason for loving refugees is simple: An influx of new residents and… Continue watching