The Great Recession Was a Big Step Backward for Black Homeowners

Mar 13, 2018

Gwynn Gittens had always been a renter, and every place she rented had white walls. When she saw the Lehigh Acres, Fla., spec house with its pale gold walls and Italian tiles, “It was just perfect,” Gittens said. “This was home.” The year was 2007. Mortgage rates had...

The Great Recession Was a Big Step Backward for Black Homeowners

Mar 8, 2018

Gwynn Gittens had always been a renter, and every place she rented had white walls. When she saw the Lehigh Acres, Fla., spec house with its pale gold walls and Italian tiles, “It was just perfect,” Gittens said. “This was home.” The year was 2007. Mortgage rates had...

Civilian control is fundamental: Opposing view

Dec 7, 2016

Civilian control of our military is a core principle of U.S. democracy. It’s not a casual requirement, to be imposed only if it’s convenient — it’s fundamental. The law says no one can serve as secretary of Defense until at least seven years have passed since he left...

How insurance can trim your tax bills

Mar 21, 2016

The world’s most powerful companies use sophisticated strategies to eliminate taxes. If you are a corporate executive, you might be able to take advantage of variations on these strategies — one of them being life and death. Big money is involved. A recent report from...

Retirement benefit gap: CEOs have platinum pension packages

Oct 28, 2015

The gap between CEO retirement benefits and the nest eggs of average U.S. workers is even wider than the imbalance between compensation for the highest- and lowest-paid employees, a report issued Wednesday shows. The 100 largest retirement U.S. CEO retirement packages...

The failure behind Wall St. bonuses

Mar 18, 2015

Because Wall Street firms added jobs this year, the average bonus was up only 2% to $173,000. The Institute for Policy Studies (IPS), a Washington, D.C., think tank, immediately whipped out a report putting those amounts in perspective. … Read the full article...

Wall Street bonuses edged higher in 2014

Mar 12, 2015

While noting that Wall Street jobs typically involve high stress and have been subject to repeated rounds of downsizing, DiNapoli added: “It’s great work if you can get it.” Average Americans aren’t getting it, according to an analysis by the...