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Tag Archives | Income Inequality

Recession on the horizon

By Martin Hart-Landsberg (originally published by Monthly Review Online) – According to Bloomberg News, analysts at a number of major financial institutions see “mounting evidence” that a recession is not too far away. In a way, their assessment is not surprising. The current expansion, which started in June 2009, is now 99 months long, making it the third […]

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Let’s talk about “maximizing shareholder value”

By Cullen Roche (originally published by Pragmatic Capitalism) – The idea of “maximizing shareholder value” (MSV) has been in the news a lot lately. This is an idea generally associated with free market capitalism that states corporations should be run primarily for the purpose of maximizing the value they create for owners…. [Cross-posted from Pragmatic Capitalism publication of […]

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Q&A: Nick Hanauer believes that stock buybacks are at the root of American inequality

By Arne Alsin (originally published by Forbes) - Over the past thirty years, it seems the rich have gotten richer and the poor have gotten poorer. All the data support this: Homelessness has spiked in urban areas, while CEO pay has skyrocketed over the past three decades… [Cross-posted from Forbes publication of July 10, 2017 at https://www.forbes.com/sites/aalsin/2017/07/10/qa-nick-hanauer-believes-stock-buybacks-are-the-root-of-american-inequality/#79316c1e31a1]

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Banks are spending billions to make rich people richer

By Zach Carter (originally published by The Huffington Post) - The CEO of America’s largest bank made a startling announcement last week: His company has too much money, and he plans to throw away its profits on rich people…. [Cross-posted from The Huffington Post publication of April 14, 2017 at http://www.huffingtonpost.com/entry/big-banks-stock-buybacks_us_58efc608e4b0da2ff85f2153]

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Trump’s SEC chairman must look out for American families — not big corporations

By Elizabeth Warren and Joe Donnelly (originally published by The Washington Post) - Thursday, President Trump’s nominee for chairman of the Securities and Exchange Commission, Jay Clayton, will testify before the Senate Banking Committee. As members of that committee, we will evaluate his candidacy, not on behalf of Wall Street, but on behalf of the American people…. [Cross-posted from […]

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VP Biden cites Lazonick in critique of stock buybacks

By Institute Staff (originally published by Institute for New Economic Thinking Blog) – In an important Wall Street Journal op ed criticizing corporate America’s failure to invest profits in long-term growth, Vice President Joe Biden cited the work of Institute for New Economic Thinking scholar William Lazonick. “Performance-based pay encourages executives to think in the short-term,” wrote […]

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Why corporate CEO pay is routinely undercounted

By Institute Staff (originally published by Institute for New Economic Thinking) - Institute for New Economic Thinking Working Paper by William Lazonick and Matt Hopkins (PDF) has revealed that executive pay is routinely undercounted by media outlets, and even by critics of excessive executive pay such as the AFL-CIO. That’s because their calculation of those earnings is based […]

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Taking the nostalgia of Trump supporters seriously

By Stephanie Coontz (originally published by Berggruen) – I have spent most of my career pointing out the dangers of imagining a Golden Age in the past that we should try to recapture. Nostalgia offers a warped explanation of what actually did work in the past and airbrushes out what did not… [Cross-posted from Berggruen publication […]

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How MBA programs drive inequality

By Lynn Parramore (originally published by The Huffington Post) - Over the last several decades, American business executives have made decisions that have exacerbated the inequality that chokes prosperity for the country. They have misallocated resources and they have awarded themselves mind-boggling compensation packages while workers have suffered stagnant wages and increasing job insecurity. The stats […]

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