Oct 08 Watch In a game of wealth, fat cats who don’t share keep winning By PBS News Hour An online game asks players to share some of their wealth on faith that the others will reciprocate. But each player has the option of choosing not to share, amassing more and more wealth. In designing a game to test… Continue watching
Oct 08 Watch 54:21 PBS NewsHour full episode October 8, 2015 By PBS News Hour Thursday on the NewsHour, Majority Leader Kevin McCarthy drops out of the race for Speaker of the House. Also: Attorney General Loretta Lynch discusses law enforcement accountability and transparency, Ben Bernanke on who should have taken the fall for the… Continue watching
Oct 08 What you should know about Social Security disability benefits By Laurence Kotlikoff You want your adult disabled child to be independent, but be aware, the Social Security system will penalize them, potentially big time, for the rest of their life is they earn a bit too much in a given year. Continue reading
Oct 07 Column: Why does Medicare allow for the price gouging of prescription drugs? By Philip Moeller The pharmaceutical industry convinced enough legislators in 2003 to forbid Medicare from negotiating drug prices when Congress enacted the law creating Part D drug plans. Continue reading
Oct 06 What’s next for the Trans-Pacific Partnership trade deal? Selling it By Kevin Freking, Associated Press Negotiations over the complex trade deal took more than five years. On Tuesday, President Barack Obama began what may be a similarly difficult task — selling the Trans-Pacific Partnership to Congress and the American public. Continue reading
Oct 05 Watch In size and stakes, the Trans-Pacific Partnership is a big deal By PBS News Hour The U.S. and 11 other Pacific Rim nations have struck the largest trade deal in a generation. The wide-ranging Trans-Pacific Partnership sets new rules for labor and environmental standards and reduces and phases out thousands of tariffs on American producers,… Continue watching
Oct 05 American Apparel files for bankruptcy By Alexandra Sarabia Los Angeles-based clothing manufacturer American Apparel filed for bankruptcy protection on Monday morning. Continue reading
Oct 05 Column: Why mergers are booming By Ben Gomes-Casseres Another day, another merger. Telephone companies, drug companies, airlines, hospitals, retail stores and now beer. Why?… Continue reading
Oct 04 Watch 3:59 New ‘know before you owe’ mortgage rules may ease homebuyers’ burden By PBS News Hour New rules for home mortgages, designed to make lenders more transparent to borrowers, took effect Saturday. The so-called "know before you owe" rules are meant to protect home buyers from surprises at their closing. Wall Street Journal Reporter Joe Light… Continue watching
Oct 02 Dispiriting job growth in September jobs report By Paul Solman, Kristen Doerer The U.S. economy added a mere 142,000 jobs in September, and the unemployment rate remained unchanged at 5.1 percent. Continue reading