Background Cerberus Capital, a private equity firm, began buying several hospitals in Massachusetts in 2010. In 2015, Cerberus sold most of its hospitals’ property to other investors for $1.25 billion. This suddenly added significant lease […]
On a recent visit to NYC, I came upon this scene of brand excess just north of Trump Tower on 5th Ave. This is the Louis Vuitton store wrapped to look like 19th-century steamer trunks. […]
Ben Casselman wrote this piece in the 1.10.2025 NYTimes: “Economists Are in the Wilderness. Can They Find a Way Back to Influence?” The article cites the following as evidence of the decline of economists’ influence: […]
In the wake of Trump’s victory over Harris there has been much hand-wringing over how to explain the obvious trend among Americans to favor Republicans. Is the Democratic Party too focused on social issues? Is […]
The tsunami of billionaires that has washed across the planet over the last decade or so is troubling in the extreme. Now, we have the fattest one setting policy in Washington in the most direct […]
For the period between the end of WWII and 1979 there was productivity growth of ~ 55%. That means that for an hour’s work, the economic value grew by 55%. Over that period, workers’ wages […]
In the fall of 2011, a large group of protestors occupied areas around Wall St. in NYC for six weeks under the banner of “We are the 99%” At the same time, there were protests […]
Neoliberalism is the word most frequently used by commentators and academics when discussing the changes in the US economy over the past 50 years. For most people, this is a completely useless term. Are we […]
Much is being made of a Delaware court blocking Musk’s $50 billion compensation contract. See the reporting in the NYTimes: Elon Musk’s Tesla Pay Package Is Voided by Judge. The court found that the compensation […]
Its the time of year for summations, usually for just the previous year. My selection of charts explains much of the past 45 years for the rich, middle-class, and poor in America. The Great Divide […]
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