October 22, 2019

Money

"Even many Democrats are criticizing Senator Elizabeth Warren for refusing to admit, in plain words, that her Medicare for All plan will require taxes to increase. They’re right to complain. The point could hardly be simpler: All presidential..."

"“Billionaires should not exist,” Senator Bernie Sanders said last month. And, at the Democratic presidential debate this week, he said that the wealth disparity in America is “a moral and economic outrage.” “Senator Sanders is right,” said Tom..."

"It’s the end of millennials as we know them. No, not the 73 million younger adults born between 1981 and 1996; they’re fine. But the death knell is tolling for the way we tend to overuse, and misuse, the literal term millennials. The latest peal..."

"In August, it was SoulCycle and Equinox. The month prior, Home Depot. Back in 2017, L.L.Bean. These are only a few of the companies to ignite the collective ire of progressive consumers over corporate ties to Trump. In the case of the boutique..."

"The 2008 financial crisis, together with failed efforts to combat climate change and sharply rising inequality, has frayed the neoliberal consensus that has prevailed in the United States and much of the West for more than two generations. Three..."

"In 1992, James Carville scrawled a slogan on a whiteboard in Bill Clinton’s presidential campaign headquarters. “It’s the economy, stupid,” has since become famous as a piece of blunt, homespun political wisdom. But I have to admit, it always..."

"Jason Fletcher, his wife, and his three sons live in Akron, Ohio. In many ways, Jason’s life looks a lot like what you’d expect for a middle-class guy living in the Midwest. Jason and his sons are active in the Boy Scouts. He and his wife help..."

"We are living in what appears to be an age of great culinary awakening. It is reflected everywhere: the aisles of grocery stores are stocked with organic, non-GMO, locally-grown, cage-free, plant-based options. On television, you can watch food..."

"Ever since Bernie Sanders’s insurgent run for the Democratic presidential nomination in 2016, a specter has haunted left-liberal debate: the specter of “class reductionism.” Left-identitarians and centrist liberals have used this oversimplified..."

"Family offices are where the rich throw their wealth around. These discrete companies are tasked with managing the money of the wealthiest families, acting more like small governments or global banks in their investment clout. Now, however..."

"The left’s apocalyptic economic predictions for the Trump Presidency haven’t panned out. With jobs plentiful and wages rising at the fastest rate in a decade, liberals are doubling down on alarms about inequality. The inconvenient evidence is..."

""Since the financial crisis, income inequality has garnered increasing attention from economists, politicians, and journalists, and perhaps no income level has been cited more than the so-called 1 Percent. Yet that term can describe a wide..."

"That seems to be the emerging bipartisan consensus. “On the evidence we have, the meritocratic ideal ends up being just as undemocratic as the old emphasis on inheritance and tradition,” writes New York Times columnist Ross Douthat. “Our..."

"The poverty rate in the United States fell to 11.8 percent in 2018, according to data released last week by the Census Bureau — the lowest it’s been since 2001. But this estimate significantly understates the extent of economic deprivation in..."

"Jennifer Morton was born in Lima, Peru, raised in a household that she considers “somewhere between working class and middle class,” and—thanks in part to the generosity of some extended-family members—went to a premier private school. Her..."

"Not too long ago, the “gig economy” looked as if it just might be the future of work in America.The rapid rise of digital platforms that let people earn money by driving passengers, delivering groceries, walking dogs or running errands for..."

"Americans once worked 100 hours a week, six days in a row. Then, in 1940, came the five-day workweek. Now labor unions are making the case for even less work: dropping days worked down to four. That’s one of the changes unions are proposing as..."

"One of the unloveliest ideas in economics goes by the name “value of a statistical life” — VSL for short. In the U.S. government, the current value of a human life is about $10 million. That means that if a highway safety regulation would save..."

"Poorer Americans are much less likely to survive into their 70s and 80s than rich Americans, a stark life-expectancy divide compounded by the nation’s growing disparities in wealth, according to a federal report. Over three-quarters of the..."

"Is climate change a crisis demanding immediate aggressive action to smash down carbon emissions, or is it an annoying inconvenience that can be dealt with slowly over decades? Most climate scientists are in the former camp — as shown in the..."

"President Donald Trump's new round of tariffs on Chinese goods is going into effect even as we speak. But the more Trump escalates his trade war, the more unpopular protectionism gets with American voters, especially Democratic ones. So all the..."

"As a native Bahamian, I know what to do when a hurricane is approaching. I know it's important to stock up on water, get supplies, call my friends and family, listen to the panicked yet comedic voice of Bahamian radio personality Darold Miller..."

"In 1831, Alexis de Tocqueville, at the age of twenty-five, was sent by France’s Ministry of Justice to study the American penal system. He spent ten months in the United States, dutifully visiting prisons and meeting hundreds of people, including.."

"The yield curve’s inverted! The yield curve’s inverted! That was the news I awoke to last Wednesday on CNBC as the 10 year Treasury note yield dipped below the 2 year yield for the first time since 2007. That’s the sign everyone has been waiting..."

"Global markets were seized by fear last week that trade wars were slowing growth in Germany, China and the United States. But the story here is bigger than President Trump and his tariffs. The postwar miracle is over. Since the financial crisis..."

"With the presidential campaign under way, expect to hear a lot more about a shiny new toy of progressive economic thinking, “modern monetary theory.” It seems to be the only intellectual contortion that might allow candidates to promise..."

"America is built on the illusion of wealth. It’s a credit-heavy system where certain people – especially white men – can get extremely far by bluffing (besides the bankers and the bullshitters, take a look at Silicon Valley for proof of that)..."

"In the six years since Lean In was published, Sheryl Sandberg’s capitalist brand of feminism has been embraced, rejected, and intensely debated within the professional sphere. Amidst this public examination of the work lives of women..."

"The numbers are mind-boggling: $70,000 per minute, $4 million per hour, $100 million per day. That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc., has been growing since last year’s Bloomberg ranking of the world’s..."

"Parents would be remiss if they did not talk to their children about drinking and driving, using drugs and, of course, sex. Some go even further, discussing subjects like bullying and mental health. So why do a significant number of parents..."

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JJ Editor's Picks

"During the debate on Prime Minister Boris Johnson’s new Brexit deal in the United Kingdom’s Parliament on Saturday—which ended, as these things often have, with a vote calling for another delay—Johnson exposed the most basic blindness of Brexit..."

"Mick Mulvaney, the acting White House chief of staff, wants to change his story about Ukraine. On Thursday, at a press briefing, Mulvaney confirmed that when President Donald Trump suspended military aid to Ukraine in July, one reason was that..."

"I travelled with Bedouin in the Western Desert of Egypt. When we got a puncture, they used tape and an old inner tube to suck air from three tyres to inflate a fourth. It was the cook who suggested the idea; maybe he was used to making food..."

"The ultrasound technician places the wand on my daughter’s lower abdomen and moves it slowly across taut skin glistening with gel. I’ve been holding my breath since being ushered into the dimly lit cubicle to witness a sonogram that will..."

"Even many Democrats are criticizing Senator Elizabeth Warren for refusing to admit, in plain words, that her Medicare for All plan will require taxes to increase. They’re right to complain. The point could hardly be simpler: All presidential..."

"How do you update Watchmen for 2019? That might sound like a question with an obvious answer: You just do Watchmen. After all, the graphic novel, which has been consistently in print since its 12-volume run ended in 1987, is pretty terrific..."

"The climactic face-off of the 2019 Israeli Apartheid Week at the University of the Witwatersrand in Johannesburg took place on a wide, sunny plaza, between a statue dedicated to the millions of anonymous miners who had toiled under inhuman..."

"Mark Zuckerberg has rarely been so compelling. Facing increased scrutiny — especially after leaked audio of an internal meeting in which Zuckerberg called Sen. Elizabeth Warren (D-Mass.) an existential threat — the Facebook CEO outlined his..."