December 10, 2019

Money

"Ever since former President George H.W. Bush coined the phrase to criticize then-candidate President Ronald Reagan's tax policies, Democrats and progressives have been accusing Republicans of "voodoo economics." They are right to do so. The..."

"Like most millennials deep in debt, I don’t spend money on luxuries like cable TV. Instead, my phone is filled with a variety of free streaming apps to cast shows, many of which use ads. One such ad, for an app called Earnin, caught my attention..."

"Friday’s jobs report must have been adapted from a comic book — because everyone’s calling it a “blockbuster” (and Martin Scorsese hasn’t shown any interest in it). In November, America’s unemployment rate hit a half-century low, as U.S...."

"When education-reform activist Sarah Carpenter expressed skepticism about Sen. Elizabeth Warren’s plan to quadruple federal Title I funding for schools, Ms. Warren’s reply was remarkable. “Listen, I understand that,” the senator said backstage..."

"It’s Monday, you’ve just gotten home from work, and you’re blessedly free from social obligations for the night. You heat up some takeout, plop down on the couch clutching your phone … and start to scroll through Instagram. Then you switch over..."

"Just when you think President Trump has reached a moment of trade equilibrium, there he goes again. Mount Tariff erupted once more Monday morning in tweets announcing tariffs on Brazilian and Argentine steel that dampened hope for election-year..."

"I wonder: What would Timothy Howe, a Reconstruction-era congressman who opposed slavery, have made of the story of Raedell Piaso? A few years ago, Piaso was making a little less than $23,000 a year as a receptionist in Albuquerque when she..."

"President Trump boasted in December 2017 that the economy could grow at 4%, 5% or maybe even 6% when he was President. The economy did well in that quarter, growing at 3.5% on an annualized basis. Unfortunately that was essentially a peak for his.."

"Marco Rubio thumps for “common good capitalism.” Elizabeth Warren speaks of “making markets work for people.” While their prescriptions differ, they share the conviction that capitalism is in crisis and must be “fixed” if it is again to serve..."

"Billionaire businessman and former New York City mayor Michael Bloomberg will almost certainly not win the presidency — because he will almost certainly not win the Democratic nomination. You can't just skip six months of debates, the Iowa..."

"It was early February in Los Angeles, and Andra Izgarian, 29, had reached a career high point: As the director of media operations at Condé Nast, she had scored an invitation to the 2019 Grammys. In the company’s VIP box, executives in tuxedos..."

"Political reporters will do almost anything to avoid making a judgment call. That’s why they revel in seemingly objective truths like poll numbers and fund-raising reports, often taking as gospel the boast of bygone Republican Phil Gramm: “I..."

"Every politician defends the middle class, but none of them knows quite what it is. In August, during a town hall, Joe Biden said, “We have to rebuild the middle class, and this time we bring everyone along.” In his telling, the middle class is..."

"What if American capitalism isn't broken, rigged, or in dire need of saving? It's a notion completely foreign to contemporary American politics. That's why Democrats and Republicans often sound a lot alike these days. Elizabeth Warren wants a..."

"Igot my first email containing the words "Black Friday" in April. "Black Friday was a bit of a disaster for us (unsure why we expected otherwise) and we said we'd make it up to you in the near future," wrote the cult beauty brand Deciem, whose..."

"There is a growing feeling, among those who have the responsibility of managing large economies, that the discipline of economics is no longer fit for purpose. It is beginning to look like a science designed to solve problems that no longer exist."

"While there’s plenty of disagreement about how the money should be used, almost everyone involved in public-policy debates agrees that it would be good if the federal government could collect more revenue without raising tax rates or reducing..."

"In a recent interview with CNN, billionaire Leon Cooperman choked up, visibly upset as he talked about the future he envisioned for his vast fortune and the havoc he imagines a wealth tax, like those proposed by Elizabeth Warren and Bernie..."

"The Democratic candidates for President are promising a smorgasbord of new taxes, but why wait until 2021? Last week Maryland Senator Chris Van Hollen and Virginia Congressman Don Beyer unveiled the Millionaires Surtax Act, a plan to soak the..."

"Sen. Elizabeth Warren is campaigning for a 2% surtax on anyone’s net worth over $50 million and 6% on more than $1 billion. Most discussion of the wealth tax has focused on whether it could generate sufficient revenue to fund Ms. Warren’s..."

"The world’s biggest shopping event occurs every year on November 11, and most Americans are only vaguely aware of it. Called Singles Day, shoppers in the US don’t look forward to it the way they anticipate Black Friday or Amazon Prime Day, but..."

"This column isn’t supposed to be here. I’m not supposed to be here. For over a decade, I wrote this column for Deadspin, and I figured it would just always live there. That’s the naïve pact you sometimes make with yourself when you take a full..."

"Do you have a job that you secretly believe is pointless? If so, you have what anthropologist David Graeber calls a “bulls**t job.” A professor at the London School of Economics and a leader of the early Occupy Wall Street movement, Graeber has..."

"Senator Elizabeth Warren unveiled a new wealth tax proposal last week that she says will raise — along with her previously announced wealth tax plan — $3.75 trillion over the next decade. Senator Bernie Sanders says his wealth tax will yield..."

"Once again, a federal court — this time the U.S. Court of Appeals for the 2nd Circuit in New York — has slapped down the outlandish arguments that President Trump’s lawyers have been making about presidential power. Now, Trump plans to ask for..."

"Never in American history has the debate over income inequality so dominated the public square, with Democratic presidential candidates and congressional leaders calling for massive tax increases and federal expenditures to redistribute the..."

"The great American worker shortage continues, but small firms managed to maintain their recent pace of job creation in October. Not surprisingly, wages are also rising as business owners struggle to staff available positions. That’s according..."

"“At 7-Eleven, you’d take a penny from the tray, right? Well those are whole pennies! I’m just talking about fractions of a penny here, OK? But we do it from a much bigger tray, and we do it a couple million times.” That’s how Peter Gibbons (Ron..."

"Bloomberg is reporting that hedge-fund giant Paul Tudor Jones told a New York investment conference this week the S&P 500 could fall by a staggering 25 percent if Sen. Elizabeth Warren (D-Mass.) wins the 2020 presidential election. He’s far from..."

"Every quarter, we look to the federal Bureau of Economic Analysis for new data on the total income and output of the economy. The nation’s topline indicator of economic performance is gross domestic product — the sum total of all that’s produced..."

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JJ Editor's Picks

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"Ever since former President George H.W. Bush coined the phrase to criticize then-candidate President Ronald Reagan's tax policies, Democrats and progressives have been accusing Republicans of "voodoo economics." They are right to do so. The..."

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