Someone was paying attention to the lessons of the last bailout. The $2-trillion stimulus bill on which Congress will start voting Wednesday includes several provisions aimed at making sure that the government’s massive bailout of big business comes with at least some...
The first government-mandated disclosure of the ratio of CEO vs. average worker pay has surfaced, and as has been widely expected, it’s obscene. Technology company Honeywell, in a proxy statement dated Friday, disclosed that its CEO, Darius Adamczyk, was paid...
The first government-mandated disclosure of the ratio of CEO vs. average worker pay has surfaced, and as has been widely expected, it’s obscene. Technology company Honeywell, in a proxy statement dated Friday, disclosed that its CEO, Darius Adamczyk, was paid...
In 1998, about half of all private-sector employers in the United States offered newly hired workers a defined-benefit pension for their retirement. By 2015, that percentage dropped to just 5%, according to the consulting firm Willis Towers Watson. Nearly all...
The Affordable Care Act repeal bill unveiled Thursday by Senate Republicans has aptly drawn universal scorn from healthcare experts, hospital and physician groups and advocates for patients and the needy. That’s because the bill is a poorly-disguised massive tax cut...
It’s a question I get asked a lot: If California’s usury law says a personal loan can’t have an annual interest rate of more than 10%, how do payday lenders get away with interest rates topping 400%? A number of readers came at me with that head-scratcher after I...
As the House of Representatives prepares to vote Thursday to repeal the Affordable Care Act, there’s a new estimate of the cost of one of its hidden provisions, a rollback of rules designed to restrain executive pay at health insurance companies. Here’s the bottom...
The unmarked 18-wheelers ply the nation’s interstates and two-lane highways, logging 3 million miles a year hauling the most lethal cargo there is: nuclear bombs. The covert fleet, which shuttles warheads from missile silos, bomber bases and submarine docks to nuclear...
Concealed within the 123 pages of legislative verbiage and dense boilerplate of the House Republican bill repealing the Affordable Care Act are not a few hard-to-find nuggets. Here’s one crying out for exposure: The bill encourages health insurance companies to pay...
The machinery in Building 9204-3 that enriched uranium for the first atomic bomb has sat idle over the last half-century. During heavy rains, the roof leaks and giant pools of water spread across the floor. Decay, mold and dust abound. The cavernous building, hastily...
Public interest groups used the state comptroller’s report to draw attention to income and wealth disparities between the securities industry and average workers. The Institute for Policy Studies, a left-leaning Washington research group, said last year’s...
That’s the conclusion of a report Wednesday that attempts to gauge the link between weak corporate performance and skyrocketing executive pay. The study, “Executive Excess 2013: Bailed Out, Booted, Busted,” was issued by the liberal Institute...
“The Institute for Policy Studies, a progressive Washington, D.C.-based think tank, declared the campaign a ‘Trojan horse for massive corporate tax breaks’ in a study released earlier this year. “The study noted that the companies and...
