Jul 17 China's Theme Song: Can I Swap GDP for Disposable Diapers? By jappell Disposable income growth for Chinese urban households slowed over the second quarter compared to last year. Photo courtesy of Carlos Barria/Reuters via Getty Images. Paul Solman: In economic data released Monday, China's economy grew just 7.5 percent in… Continue reading
Jul 17 Cut-throat China: the Toxic Effects of Its Obsession With Wealth By Paul Solman By Paul Solman China's economic focus on consumption has ill effects for its society. Photo courtesy of Getty Images. That the Chinese are consumed with consumption is hardly news, but as reported Monday, efforts to boost domestic consumption… Continue reading
Jul 17 China's Theme Song: Can I Swap GDP for Disposable Diapers? By jappell Disposable income growth for Chinese urban households slowed over the second quarter compared to last year. Photo courtesy of Carlos Barria/Reuters via Getty Images. Paul Solman: In economic data released Monday, China's economy grew just 7.5 percent… Continue reading
Jul 16 Goldman Profits Double, but How Does It Make Its Money? By Simone Pathe // In a 2010 two-part Making Sen$e report, the first of which you can watch above, Paul Solman explored how Goldman Sachs makes its money. In the second segment, which you can watch below, Paul looked more closely… Continue reading
Jul 16 Goldman Profits Double, but How Does It Make Its Money? By Simone Pathe // In a 2010 two-part Making Sen$e report, the first of which you can watch above, Paul Solman explored how Goldman Sachs makes its money. In the second segment, which you can watch below, Paul looked more closely… Continue reading
Jul 15 Why Can't America's Social Security System Be as Simple as New Zealand's? By Laurence Kotlikoff Americans don't understand what their retirement incomes will look like. We could learn from the pension system in New Zealand, pictured above, where people have a better idea of what future benefits to expect, argues Larry Kotlikoff. Photo courtesy of… Continue reading
Jul 15 Why Can't America's Social Security System Be as Simple as New Zealand's? By Laurence Kotlikoff By Larry Kotlikoff Americans don't understand what their retirement incomes will look like. We could learn from the pension system in New Zealand, pictured above, where people have a better idea of what future benefits to expect, argues Larry… Continue reading
Jul 15 The Great Gatsby Curve: Inequality and the End of Upward Mobility in America By Miles Corak Was Jay Gatsby a crook or was he the victim of a crooked system? Photo courtesy of Warner Bros. Simone Pathe: Is the American economic system fundamentally unequal, perpetuating income inequality and stymieing upward economic mobility? Or do families --… Continue reading
Jul 15 The Great Gatsby Curve: Inequality and the End of Upward Mobility By Miles Corak Was Jay Gatsby a crook, or was he the victim of a crooked system? Photo courtesy of Warner Bros. Editor's Note: Is the American economic system fundamentally unequal, perpetuating income inequality and stymieing upward economic mobility? Or do families… Continue reading
Jul 13 Former Bush Economist Defends the 1 Percent By Simone Pathe Income inequality doesn't necessitate government redistribution of wealth, argues Greg Mankiw. Photo courtesy of Timothy A. Clary/AFP via Getty Images. Does unequal opportunity explain the persistence of income inequality in this country, and should the government intervene to close that… Continue reading