The gap between investment income and work income has never been so glaring.
Economic Policy
Posted inTAP
Can Prime Minister Burnham Succeed?
There is a great deal riding on his success, and not just for Britain.
Posted inEconomic Policy
The CFTC’s Word Games Legalizing Gambling
The regulator’s proposal for online prediction markets stands in clear opposition to congressional statute and its own rulemaking.
Posted inEconomic Policy
Can American Economics Change?
A business school professor and storied investor says it now has to prioritize the national interest. That’s a start, but nowhere near enough.
Posted inTAP
Trump Blows Up His Own Iran Deal
He began the war on impulse; now Trump is ending the truce impulsively. The winner: Iran.
Posted inMoney, Politics, and Power
The Project Crypto Scheme
Forget deregulatory legislation; the SEC and CFTC are already working diligently to eliminate regulatory oversight of crypto at the behest of their president.
Posted inTechnology
Data Centers Win-Lose in Virginia
In an era of austerity, Virginia’s state budget deal puts its lawmakers supporting Big Tech and its tax exemptions on a crash course with their constituents.
Posted inEconomic Policy
Anti-Monopoly Bill Hits Make-or-Break Moment in California
Advocates have gained momentum to beef up the state’s primary antitrust law, but the largest companies in the nation are trying to stop it.