May 20 GM recalls an additional 2.42 million vehicles By Justin Scuiletti General Motors announced Tuesday that it is issuing a recall for an additional 2.42 million vehicles, taking on another $200 million in cost. The new recalls raise the total number in 2014 to more than 15 million vehicles… Continue reading
May 19 Watch Sen. Warren takes on Washington to give working class Americans ‘A Fighting Chance’ By PBS News Hour Sen. Elizabeth Warren joins Judy Woodruff to discuss her new memoir, “A Fighting Chance,” in which she criticizes the big banks and Washington politicians for weakening America’s middle class. Warren advocates for a hike in the minimum wage to ensure… Continue watching
May 19 Protecting your spouse’s Social Security when cancer cuts your time short By Laurence Kotlikoff Social Security expert Larry Kotlikoff puts to rest a cancer patient's fears that he and his wife made a mistake by not having her file for spousal benefits as early as age 62 and explains how he can help leave… Continue reading
May 16 Will the rich always get richer? By Laurence Kotlikoff Our regular Social Security columnist takes issue with French economist Thomas Piketty's inequality theory. Income inequality is real, he thinks, but it doesn't stem from the rich accumulating and hoarding ever more private wealth. Continue reading
May 15 The fast food strike: the hard facts behind the Big Mac attack By Simone Pathe Fast food workers in dozens of American cities and across the world walked off the job Thursday to demonstrate for a $15 an hour minimum wage. Talking to a McDonald's worker trying to make ends meet on $9.85 an hour,… Continue reading
May 15 Student debt hurts household wealth for decades By Simone Pathe Nearly 40 percent of households headed by young, college-educated Americans are burdened with student debt, and that debt is likely to depress net worth for years to come, according to a new study from the Pew Research Center. Continue reading
May 14 Watch Bill Clinton reflects on fixing the wealth gap, embracing the Affordable Care Act and Hillary’s health By PBS News Hour Continue watching
May 14 Dean Baquet replaces Jill Abramson as New York Times executive editor By Colleen Shalby Jill Abramson, the New York Times’ first female executive editor, is leaving her post after three years. Taking her place is the Times’ managing editor Dean Baquet, the first African-American to hold the position. Continue reading
May 14 Piketty on the U.S.: The birthplace of freedom and progressive taxation By Thomas Piketty French economist Thomas Piketty acknowledges that every society needs some degree of inequality. But when the bottom 50 percent of America owns only 2 percent of the wealth, we've strayed too far from America's legacy of progressive taxation and are… Continue reading