Illinois wants to make sure its marijuana business benefits entrepreneurs of color. But that won’t be the kind of broad-based equity we need.
Private Equity
Posted inMoney, Politics, and Power
Do Pete Buttigieg’s Donors Know Him Better Than We Do?
The South Bend mayor has become a darling to Silicon Valley and Wall Street elite. That alone is a red flag.
Posted inEconomic Policy
Neoliberalism: Political Success, Economic Failure
The invisible hand is more like a thumb on the scale for the world’s elites. That’s why market fundamentalism has been unmasked as bogus economics but keeps winning politically.
Posted inEducation in America
As Consumer Protections Dwindle, Schools Push Financial Literacy
Teaching students how to manage their money has become mandatory in many K-12 classrooms. But can it substitute for real enforcement of financial fraud?
Posted inBooks, Arts and Culture
The Writers Guild’s Dispute Had a Prequel. Lew Wasserman and the Feds Were the Stars.
But this time around, the Justice Department isn’t interested in challenging antitrust violations.
Posted inLaw and Justice
Trump Loses Opening Round in His Efforts to Defy Congressional Oversight
A federal judge finds that the precedents are heavily on Congress’s side. Will the Supreme Court agree?
Posted inMoney, Politics, and Power
Hedge-Fund Billionaires Were Democrats’ Main Bankrollers in 2018
A new report shows that three-quarters of the money that individuals donated to pro-Democrat outside spending groups in 2018 came from finance founders and executives.
Posted inBooks, Arts and Culture
Unions Take On the Worst of the Hedge Funds Pillaging the News Biz
Labor is working to educate shareholders about the true costs of bad investments.
Posted inBooks, Arts and Culture
How Private Equity Ate Hollywood—and Why Writers Are Fighting Back
Now largely owned by private equity firms, the big talent agencies have turned to producing films and shows—both representing and employing writers. That, say the writers, doesn’t work.
Posted inEconomic Policy
Congress’s New Progressives Take On the Banks
The House Financial Services Committee—long a landing place for pro-bank Democrats—now includes AOC and a flock of leftists. And Maxine Waters is its new chair.