It was back in April 2013, when the WSJ reported of a peculiar surge in various health insurance stocks that came moments after a report from Height Securities, a Washington-based investment-research firm that ferrets out policy news and analysis for investors, correctly predicted the Obama administration would reverse course on big spending cuts that would have hit health insurers. The note was released about 15 minutes before markets closed on Monday, April 1, leading to the following surge in the biggest Obamacare beneficiaries.
Needless to say, it is quite clear that non-public info was leaked by US legislators to a "ex
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Unpatriotic US Corporations Becoming Hot Political Issue That Unites Right and Left
by Ralph Nader
CEO Greg Wasson of the giant Walgreen drugstore chain may be thinking of other things than patriotism this 4th of July. He confirmed last month that, to save on taxes, he and his Board of Directors may be ... Read more »
Ronald Reagan stuck it to millennials: A college debt history lesson no one tells
Dramatic, awful changes occurred on my generation's watch -- and it amounts to a fiendishly successful conspiracy
That nostalgic time of year for newly minted college grads and their professors has now concluded. I admit to being affected by the academic robes I pull out for commencement, not to mention the students I’ve taught for the past four years, who are finally ready to make the leap into the “real” world.
Here’s the Aspen Lecture I gave recently at this year’s Aspen Ideas Festival. The irony of talking about inequality with an audience composed almost entirely of the richest one-tenth of 1 percent of Americans was not lost on me. When I suggested that we return to the 70 percent income-tax rate on top incomes that prevailed before 1981, many looked as if I had punched them in the gut.
But I stressed it’s not a zero-sum game, and they’d do better with a smaller share of a rapidly-growing economy — growing because the vast middle class and the poor had the purchasing power to get the economy back on track — than they’re doing with a large share of an economy that’s barely growing at all.
It’s crucial that America’s most powerful and privileged understand what’s happ
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