May 23 The critique of Piketty and his reply By Thomas Piketty Former Harvard president Larry Summers admires the research of "rock star" French economist Thomas Piketty, but he's been skeptical that innovation and entrepreneurship don't have more to do with the high rate of return on capital. Innovation is great, Piketty… Continue reading
May 22 Watch What quality of life can workers earning nation’s highest minimum wage afford? By PBS News Hour Continue watching
May 22 Watch Former Treasury secretary reflects on ‘deeply unfair’ nature of financial crisis recovery By PBS News Hour Timothy Geithner, key architect of the government’s response the financial crisis, joins Gwen Ifill to discuss his new book, "Stress Test: Reflections on Financial Crises." As the former treasury secretary, Geithner offers perspective on the government’s response to the crisis,… Continue watching
May 22 Why your baggage handler may be on food stamps By Simone Pathe Although Alaska Airlines has challenged in court the $15 an hour minimum wage at Seattle-Tacoma airport, they recently raised the starting wages for some of their contractors to $12 an hour. But not all airport contractors have received a raise,… Continue reading
May 22 The surprising bull: Thomas Piketty on Wall Street By Paul Solman You've heard French economist Thomas Piketty talk about inequality and a global wealth tax to tap into the high rate of return on capital. The stock market is the source of much of that high-end wealth, and Piketty doesn't see… Continue reading
May 21 Watch Growing list of recalls may be more than a bump in the road for GM’s reputation By PBS News Hour Continue watching
May 21 Why one economist isn’t running with the bulls: Dow 5,000 remains closer than you think By Terry Burnham The impending end of the government's unprecedented monetary and fiscal policies will be a revelatory moment for the U.S. economy. Will the market continue booming without those interventions? Terry Burnham isn't buying that it will. Continue reading
May 20 Watch Will Justice Department’s crackdown on Credit Suisse lead to more bank prosecutions? By PBS News Hour Continue watching