The industry bought companies for too much money and made a bunch of bad loans. Now they’re scrambling to avoid the reckoning.
Economic Policy
Posted inEconomic Policy
Notes for Next Time
My generation got a very good economic deal. We need to restore opportunities to our children and grandchildren, or there will be more recruits to MAGA.
Posted inEconomic Policy
When Consumer Protection Stops, Scammers Run Amok
Hundreds of consumers have complained to the CFPB about a credit card for rental payments called Bilt. But the agency has been prohibited from responding.
Posted inHealth and Social Policy
Mamdani Announces Free Child Care Program for City Workers
The provider will be on the ground floor of the Dinkins Municipal Building, and is another step on the road to a free, universal program citywide.
Posted inEconomic Policy
A K-Shaped Economy Requires K-Shaped Taxes
Wealth tax skeptics either fail to notice the massive upward redistribution of wealth, income, and political power, benefit from it, or fear challenging it.
Posted inEconomic Policy
Billionaire Wealth Has Doubled So Far This Decade
An estimate of a new wealth tax proposal shows that it would generate twice as much revenue as it did when it was first introduced in 2021.
Posted inPolitics
The Meaning of Trump’s Working-Class ‘Buyer’s Remorse’
Trump voters are rejecting Republicans in large numbers. But they’re not coming back to Democrats yet.
Posted inEconomic Policy
More States Are Taxing the Ultra-Rich—Washington Is the Latest
As inequality grows, states are stepping up where the federal government hasn’t. ‘It’s a movement,’ says Patriotic Millionaires’ Chuck Collins.
Posted inEconomic Policy
Democratic Presidential Contenders Have a New Idea: Tax Cuts
Chris Van Hollen and Cory Booker argue that middle-class households are paying too much in federal income taxes.
Posted inAmerica and the World
Canada Fighting Different Wars on Two Fronts
Prime Minister Mark Carney has expressed support for and shunned participation in the Iran war, bringing a new dimension to already contentious USMCA review talks.
