Last week’s settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust.
The banks had engaged in the biggest price-fixing conspiracy in modern history. Their self-described “cartel” used an exclusive electronic chat room and coded language to manipulate the $5.3 trillion-a-day currency exchange market. It … More >
John Nash and his wife died May 23 in a cab crash while returning from a trip to Norway to receive a major mathematical prize. He is best known to the public because of the movie “A Beautiful Mind,” which described his struggle with mental illness. His concept of the … More >
Should college be free for all? Bernie Sanders thinks so. So did John Adams. “The whole people must take upon themselves the education of the whole people, and must be willing to bear the expense of it,” Adams argued. That belief motivated the establishment of land grant colleges, in the … More >
California has a serious low-wage jobs problem, and it’s only gotten worse over the past 15 years.
In a new analysis my colleagues and I found that fully a third of our state’s workers earned low wages in 2014 – less than $13.63 an hour. That’s about 4.8 million workers, the … More >
On Friday, President Obama chose Nike headquarters in Oregon to deliver a defense of his proposed Trans-Pacific Partnership.
It was an odd choice of venue.
Nike isn’t the solution to the problem of stagnant wages in America. Nike is the problem.
It’s true that over the past two years Nike has added 2,000 good-paying professional … More >
Every year during graduation season, I encounter many students who are nervous about the job market. Surprisingly, many worry not only about their technical qualifications, but that they don’t look the part.
Some of these students probably listen to the media and studies that have found that good-looking men are considered … More >
On April 28, 2015, the Supreme Court heard historic oral argument in a set of consolidated cases styled Obergefell v. Hodges involving state-level same-sex marriage bans. The parties challenging these laws argue that the same-sex marriage bans are discriminatory by targeting gay people, and are an unconstitutional burden on a fundamental … More >
My post last week discussed Jeb Bush’s environmental record. At this point, there’s something of a free-for-all among candidates hoping to emerge as the Bush alternative – the UnBushes. Five of the remaining candidates announced or likely candidates have served in Congress, so they have scores from the League of Conservation Voters. … More >