There is an interesting article in today’s New York Times business blog about the reverberation of subprime mortgage securities that are still being peddled by banks and financial institutions. Below…
BART and its unions are at the negotiating table today in an effort to settle the ongoing labor dispute that has caused transportation disruptions in the Bay Area since last…
Update: Thursday, August 9. Today Fannie Mae announced a quarterly profit of $10 billion and projected profits for the foreseeable future. When this dividend is paid, Fannie will have repaid…
There is an interesting article in today’s New York Times by Adam Davidson of NPR’s “Planet Money” that explores both sides of the economic spectrum about whether more or less…
Under the Affordable Care Act (ACA) many states that see the wisdom of compliance are setting up health insurances exchanges, but under a little known provision called the “Cadillac Tax,”…
In a fairly novel turnaround Congress passed a major piece of legislation Wednesday with significant bipartisan support that changes the way interest rates for student loans will be calculated. The…
Here is an example of why American democracy and, by extension, the economy is irrational in real terms. Banks and financial institutions such as investment ratings agencies like Standard and…
There is a concerted bipartisan effort to pass tax reform legislation among centrist Democrats and Republicans alike. However, the deep animosity between the radicalized House Republicans and the Obama Administration…
Today fast food workers at several of the nation’s largest chains including McDonald’s and KFC are walking out to draw attention to low-wage jobs, demand better pay for their hard…
Labor leaders from the AFL-CIO called on President Obama and Gov. Rick Snyder to provide financial help to the struggling city of Detroit. The city filed for bankruptcy last week…