The Intergenerational Effects of a Large Wealth Shock: Evidence from the US Civil War
The US Civil War did not do lasting damage to the economic position of wealthy slaveholding famiies.
Read more...Category Archives: Income disparity
Why Democratic Presidential Candidates May Have to Choose Between Teacher Pay Raises and Charter Schools
Florida becomes a charter school battleground as communities fight a state law that diverts some of the proceeds from bond offererings, even ones approved for public school teacher salaries, to charter schools.
Read more...Consumer Contracts Restatement Delayed: Consumers Win…For Now
Following pushback from Elizabeth Warren, state attorneys general, and both consumer advocates and business groups, consumer contracts restatement delayed – for now.
Read more...Is Conservatism Running on Brand Fumes?
Why the foundations of conservatism are crumbling.
Read more...UBI Without Quality Public Services Is a Neoliberal’s Paradise
Why should governments give cash-handouts before providing free, quality public services to all?
Read more...Some Schools Shutting MBA Programs….But Don’t Cheer Yet
An MBA isn’t what it used to be, but the smaller programs are morphing rather than disappearing.
Read more...Beware Billionaires Bearing Gifts
Billionaires’ gifts are too often intended to remake society along their preferred lines.
Read more...Bankruptcy: An Option for Taxi Drivers Crushed by Medallion Loans?
Contrary to what the NYT asserts, taxi drivers who can get competent legal advice might find bankruptcy allows them to escape onerous medallion loan burdens – and keep their medallions.
Read more...Trump’s Sneak Attack on Social Security
Trump budget proposal incorporates an attack on Social Security, advocating a switch to the chained Consumer Price Index (CPI) to index the federal definition of poverty, a step that would result in lower benefits.
Read more...Public-Private Partnerships Fad Fails
After the failure and abuses of privatization became apparent, public-private partnerships have since been promoted to mobilize private finance for the public purpose. PPPs have socialized costs and losses while ensuring private financial gains.
Read more...Bill Black: Ocasio-Cortez & Sanders Introduce Bill to Cap Credit Card Interest Rates at 15%
Ocasio-Cortez and Sanders introduce legislation: they call it Loan Shark Prevention, which would allow post offices to act as banks and cap interest rates at 15%, but credit card companies claim it would hurt the poor.
Read more...The Lost Ones: The Opportunities and Outcomes of White, Non-College-Educated Americans Born In The 1960s
This column shows that white, less-educated Americans born in the 1960s are worse off than the generation born 20 years previously, based on wage changes, increased medical costs, and shorter life expectancy. This disparity could be worth as much as $132,000.
Read more...Wolf Richter: Subprime Bites – Auto-Loan Delinquencies Spike to Q3 2009 Level, Despite Strongest Labor Market in Years
A high level of auto-loan delinquencies challlenges the cheery spin the Fed and the financial press is putting on the state of the ecoomy.
Read more...”Who Says Violence Doesn’t Solve Anything?” A Review of Radicalized: Four Tales of Our Present Moment by Cory Doctorow
Radicalized presents uncomfortable truths about the neoliberal vise.
Read more...The Roots of Health Inequality and the Value of Intra-Family Expertise
Having doctors in the family is good for your healh. Who’d have thunk it?
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